(Food-Beverage-News.Com, September 28, 2017 ) The Global Poultry Processing Equipment market has been estimated at USD 3.25 Billion in 2016 and is projected to reach USD 4.10 Billion by 2021, at a CAGR of 4.75% during the forecast period from 2016 to 2021.
Meat is consumed as staple food in many parts of the world. Meat has high protein content, water, and fat. Meat processing is the technique for simplifying the meat for easy cooking and enhanced taste. Meat is highly fragile so processing is the essential to prevent the meat from deteriorating. End users are those who consume the final processed meat.
The market for Poultry Processing Equipment is mainly driven due to increasing demand for meat due to its high nutritional content, and population growth in developing markets and associated double-income families showing greater preference towards packaged meat. Also, consumer preference towards convenient and packaged protein foods on account of changing lifestyles is also driving the market. But, the market growth can be constrained due to developing countries which cannot easily afford costly and advanced meat processing equipment and lack of awareness regarding technological advancements.
Global market for Poultry Processing Equipment is segmented based on animal type and Equipment Type. By animal type, the market is further sub-segmented into Chicken, Turkey, Ducks. By Equipment Type, the market is further sub-segmented into Killing & De-Feathering, Evisceration, Cut-ups, Deboning & Skinning, Marinating & Tumbling. Killing & De-feathering dominated the poultry processing equipment market among other equipment as it is a pre-requisite in every automated poultry processing plant. On the basis of poultry type, the poultry processing equipment market is led by chicken, followed by duck. Chicken consumption is growing faster than other meat.
Geographically, Global market for Poultry Processing Equipment is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. North America is the biggest market in terms of market share across the globe, followed by Europe. There has been a huge demand for meat in U.S. as meat is consumed on the daily basis in this region. The Poultry Processing Equipment market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to economic growth and the shift of the preferences of the consumers towards value added food. Also, the demand for animal protein in the countries has increased and has become important due to the current busy life styles.
Marel HF, Key Technology Inc, John Bean Technologies Corporation, CTB Inc, Baader Food Processing Machinery Inc, Brower Equipment, Bayle S.A., CG Manufacturing and Distribution Limited and Prime Equipment Group, Inc. are the major players of Global Poultry Processing Equipment market.
Scope of the Report: Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
About us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialties with competitive pricing options.
