Global Poultry Machinery Market Expected to Grow to USD 7.7 Billion...

Global Poultry Machinery Market Expected to Grow to USD 7.7 Billion by 2033, at 4% CAGR

Postado 2024-08-28 12:27:33

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The poultry keeping machinery market is on a promising growth path, currently valued at a robust USD 5.2 billion as of 2023. Projections indicate a strong future for the industry, with the market expected to grow at a Compound Annual Growth Rate (CAGR) of 4% from 2023 to 2033, reaching an impressive valuation of USD 7.7 billion by 2033.

A major catalyst for this growth is the global expansion of fast-food and restaurant chains, fueled by a steadily increasing world population. The rising demand for poultry-based products in these establishments, driven by the convenience of dining out in today’s fast-paced society, has seen significant growth. Poultry, known for its versatility and cost-effectiveness as a protein source, has become the preferred choice for many foodservice outlets.

This growth trend is largely attributed to the effectiveness of poultry as an affordable protein source, leading to a surge in demand for chicken products. As a result, poultry meat consumption is expected to continue its upward trajectory. Thanks to its affordability and high protein content, poultry meat is anticipated to remain the top choice for animal protein among consumers in the coming years.

The increasing global consumption of chicken products is indirectly driving demand for poultry keeping machinery. This demand extends beyond households to fast-food chains and restaurants, where poultry items are becoming increasingly popular. To meet this growing demand, a wide range of equipment is necessary to ensure the healthy and safe production of chickens and eggs, further propelling the growth of the poultry keeping machinery market.

Country-wise Analysis: Poultry Keeping Machinery Market

United States: Growing Adoption of Advanced Machinery Drives Market Growth

The outlook for the Poultry Keeping Machinery Market in the United States is promising, characterized by the increasing deployment of advanced poultry machinery, including automated egg collectors and broiler harvesters. This technological advancement is poised to be a significant driver of market growth within the U.S.

As a result of these innovations, the demand for healthy dietary products is anticipated to witness a substantial upswing, particularly in the realm of chicken products. Recognized as an economical source of protein, chicken products are expected to experience a notable surge in demand. Consequently, there is a growing need for improved infrastructure and facilities to effectively manage poultry, meeting the evolving demands of the market.

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China: Novel Technologies Propel Poultry Farm Equipment Demand

China presents a highly lucrative market for poultry keeping machinery, with the rising implementation of novel technologies creating compelling growth opportunities for poultry farm equipment manufacturers. Key drivers in this context include an increase in household income, shifts in food consumption patterns, and changing consumer preferences favoring value-added foods.

Notably, livestock production holds a substantial share of China’s total agricultural output. The widespread adoption of technology for poultry farm equipment, coupled with the emergence of new market entrants offering innovative products, underscores the extensive use of poultry keeping machinery in China. The market’s growth potential is further accentuated by these factors, positioning China as a prominent player in the global poultry keeping machinery market.

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