Poultry Processing Equipment Market 2024-2033 - Size, Growth, Trends & Forecast

The Business Research Company recently released a comprehensive report on the Global Poultry Processing Equipment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The poultry processing equipment market size has grown strongly in recent years. It will grow from $4.07 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rise in global population, stringent food safety regulations, rise in consumer awareness of food safety, expansion of the poultry industry .

The poultry processing equipment market size is expected to see strong growth in the next few years. It will grow to $5.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rise in urbanization, rising demand for convenience and ready-to-cook poultry products, rise in disposable income, growing fast food and restaurant chains. Major trends in the forecast period include automation and robotics integration, adoption of iot (internet of things), advanced systems for tracking and tracing, remote monitoring and maintenance, customization and specialization .

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Market Drivers and Trends:

The increase in consumption of processed foods is expected to propel the growth of the poultry processing equipment market moving forward. Processed food is defined as food that is prepared through a special method with the main aim of preserving, storing, and making the food safe for consumption. Consumption of processed food is increasing because of its easy availability and thereby increases the demand for poultry processing equipment. For instance, according to the National Investment Promotion and Facilitation Agency, an India-based investment promotion agency operated by the government, the processed food industry in India is expected to reach half a trillion dollars by 2025. In addition, household consumption of processed food is expected to increase at a higher rate, making India the 5th largest consumer across the globe by 2030. Therefore, the rising consumption of processed foods is driving the growth of the poultry processing equipment market.

Product innovations are a key trend gaining popularity in the poultry processing equipment market. Companies operating in the poultry processing equipment sector are focused on developing new products with innovative solutions to strengthen their presence. For instance, in May 2022, GEA Group AG, a Germany-based food processing technology company, launched the new CutMaster Generation 3 for manufacturing several types of sausage, a variety of chicken, fish, plant-based, vegan, and vegetarian items, and processed cheese. This product is designed with customer-driven technology upgrades with a unique integrated AC drive that provides more flexibility with an easy power supply and is maintenance-free, that relies on cutting-edge technology.

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Major Key Players of the Market:

Baader Group, Bayle S.A., Brower Equipment, Cantrell-Gainco Group Inc., CG Manufacturing and Distributing Inc., CTB Inc., JBT Corporation, Key Technology Inc., Prime Equipment Group Inc., Meyn Food Processing Technology B.V., Tetra Laval International S.A., Bettcher Industries Inc., Featherman Equipment, BFE Services Pty Ltd., John Bean Technologies Corporation, Marel hf., Mayekawa Mfg. Co. Ltd., Foodmate B.V., Cattaruzzi Srl, Qingdao Jianhua Food Machinery Manufacturing Co. Ltd., Shandong Baoxing Machinery Co. Ltd., Poultry Processing Equipment Ltd., Drobtech, Stork Food & Dairy Systems B.V., Linco Food Systems A/S, Chick Master Incubator Company, Foster Farms, Shenandoah Valley Organic

Poultry Processing Equipment Market 2024 Key Insights:

• The poultry processing equipment market size is expected to see strong growth in the next few years. It will grow to $5.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
• Increase In Consumption Of Processed Foods
• Product Innovation In Automation Solution
• North America was the largest region in the poultry processing equipment market in 2023

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