Market Size in 2022 | Market Forecast in 2030 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 3,560.23 Million | USD 7,093.98 Million | CAGR at 9.00% | 2022 |
According to the report published by Zion Market Research, the global Poultry Farming Equipment Market size was valued at USD 3,560.23 Million in 2022 and is predicted to reach USD 7,093.98 Million by the end of 2030. The market is expected to grow with a CAGR of 9.00% during the forecast period.
The report analyzes the global Poultry Farming Equipment Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Poultry Farming Equipment Market industry.
Poultry farming equipment is utilized in commercial poultry farming for easy management and handling of animals. Poultry breeding is done by many individuals for a wide range of purposes and end-uses. This equipment feeds and takes care of the animals automatically according to the individual’s requirements and wishes.
The surging consumption of poultry products is anticipated to significantly boost the growth of the global poultry farming equipment market. Improved production efficiency, easy management, lower cost, maximizing profitability, and reducing manpower are the various benefits offered by poultry farming and are anticipated to fuel the growth of the global poultry farming equipment market. Moreover, the increasing consumption of non-vegetarian foods due to high protein foods, zero fat diets, and other health concerns are fueling the demand for poultry across the globe. The on-going technological advancements play a vital role in the global poultry farming equipment market. Manufacturers are focusing on automating the rearing system activities which is likely to propel the demand for this equipment in the market. Some of the automated poultry equipment include broiler cage, laying cage, brooder cage, and many more.
Moreover, the latest design of such poultry equipment is dedicated to improving the quality and efficiency of the equipment to boost operational productivity. Also, advanced poultry equipment including automated ones also poses high-efficiency levels in scaling production and minimizing wastages. However, the emergence of robotic poultry equipment is likely to propel the growth of the global poultry farming equipment market during the forecast period and redefine the future. The proliferation of multinational malls coupled with growing demand for the fast food products are boosting the production of pre-processed poultry meals to cater the need from the customer, which is also bolstering the growth of the global poultry farming equipment market.
The global poultry farming equipment market can be segmented into product, application, type, operation, and region.
By product, the market can be segmented into grading system, monitoring, egg handling equipment, vaccination equipment, lighting system, hatchers & setters, incubators & brooders, washers & waste removal system, feeding & watering system, and others.
By application, the market can be segmented into broiler breeding equipment and layer breeding equipment.
By type, the market can be segmented into turkey, duck, chicken, and others. The chicken segment holds the largest share in the global poultry farming equipment. Fry and roasted chicken are the global favorites among the segment.
By operation, the market can be segmented into manual, semi-automatic, and automatic. The automatic segment holds hegemony over others due to the high efficiency of the products. The growing innovations and technological advancements coupled with the automated process are driving the market vigorously.
Asia Pacific accounts for the largest share in the global poultry farming equipment market due to the growing per capita income of the people. Moreover, the growing preference of the people toward value-added foods expedites the regional market growth.
North America is anticipated to grow significantly during the forecast period due to the presence of prominent market players in the region. The growing shift of consumers towards poultry products also fuels the growth of the regional market.
Europe is also a potential region in the global poultry farming equipment market due to the high import and export of poultry products coupled with the presence of key market players in the region.
Some of the significant players in the global poultry farming equipment market are:
By Product
By Application
By Type
By Operation
Global Poultry Farming Equipment Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The surging consumption of poultry products is anticipated to significantly boost the growth of the global poultry farming equipment market. Improved production efficiency, easy management, lower cost, maximizing profitability, and reducing manpower are the various benefits offered by poultry farming and are anticipated to fuel the growth of the global poultry farming equipment market.
Some of the significant players in the global poultry farming equipment market are Vencomatic Group, Valco Industries, Inc., Tecno Poultry Equipment Spa, Petersime NV, OFFICINE FACCO & C. Spa, ME International Installation GmbH, and LUBING Maschinenfabrik Ludwig Bening GmbH & Co.
Asia Pacific accounts for the largest share in the global poultry farming equipment market due to the growing per capita income of the people. Moreover, the growing preference of the people toward value-added foods expedites the regional market growth.
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