Poultry Keeping Machinery Market 2024 - By Size, Share, Trends And Growth Prospects 2033

The Business Research Company recently released a comprehensive report on the Global Poultry Keeping Machinery 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 keeping machinery market size has grown strongly in recent years. It will grow from $4.53 billion in 2023 to $4.81 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to rise in popularity of poultry items, increased demand for high-quality poultry products, emphasis on food safety, government initiatives supporting the growth of the poultry farming, population growth.

The poultry keeping machinery market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing emphasis on sustainability, increasing demand for contemporary mechanized poultry farming, shortening of delivery times due to the increase in demand for processed food in large numbers, consumer demand for organic and free-range poultry, disease prevention and biosecurity. Major trends in the forecast period include precision poultry farming, modular and scalable systems, iot and automation, energy efficiency, remote monitoring and data analytics.

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Market Drivers and Trends:

The increase in consumption of poultry meat is expected to drive the poultry-keeping machinery market going forward. Poultry meat is defined as the safe-to-eat portion of any domestic avian species, including chickens, turkeys, and ducks, that provides high-quality animal protein and nutrient-rich food. The consumption of poultry meat is increasing due to the preference of people toward animal protein, nutrient-rich foods, and safe meat. Growing poultry for meat consumption requires a variety of equipment for the healthy and secure production of poultry. For instance, according to the US Department of Agriculture or Economic Research Service (USDA-ERS), a US-based government agency, in 2021, poultry production and sales were $ 46.1 billion, an increase of 31% from $ 35.1 billion in 2020. Therefore, the increase in consumption of poultry meat is driving the demand for the poultry-keeping machinery market.

Technological advancement is a key trend gaining popularity in the poultry-keeping machinery market. Major market players are concentrating their efforts on creating robotic technologies to enhance poultry production and improve animal health and productivity. For instance, in December 2021, TIBOT Technologies, a France-based technology company, launched T-MOOV robotic technology in agriculture and poultry farming. This robotic technology helps to reduce time consumed on repetitive tasks and maintain cleanliness on poultry farms, increasing productivity and security. T-MOOV requires no technical installation and launches with just two presses.

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Major Key Players of the Market:

Van der Leegte Groep B.V., Vencomatic Group, Ziggity Systems Inc., AP Poultry Equipments, Texha Production Associate LLC, HAMEX-GROUP, Valco Companies, Jansen Poultry Equipment, Big Dutchman International, Hartmann Lebensmitteltechnik Anlagenbau, SKOV A/S, Chore-Time Brock, Farmer Automatic, Tecno Poultry Equipment, Facco Poultry Equipment, Munters, Roxell, Grain Systems Inc., Cumberland Poultry, Plasson Industries, Fancom BV, Agrologic LTD, Impex Barneveld BV, Lubing Systems LP, Nabel Co. Ltd., Pas Reform Hatchery Technologies, Silos Cordoba, Huabo Agricultural Equipment Co. Ltd.

Poultry Keeping Machinery Market 2024 Key Insights:

• The poultry keeping machinery market size is expected to see strong growth in the next few years. It will grow to $6.14 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
• Increase In Consumption Of Poultry Meat
• Technological Advancement And Innovation
• Asia-Pacific was the largest region in the poultry keeping machinery market in 2023

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