(Food-Beverage-News.Com, March 19, 2020 ) The global poultry processing equipment market size was valued at USD 2.95 billion in 2015; this is projected to grow at a CAGR of 4.7% from 2018, to reach USD 3.82 billion by 2020. The growth in the market is attributed to increasing consumption of processed food, the governments support for the use of equipment in developing countries, and the demand for food safety, safety of workers, the presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules. The increased preferences for meat consumption of the people worldwide have led to an increase in demand for processing machineries.
Growth of fast food and restaurant chains drives the global poultry processing equipment market
Various multinational fast-food chains are expanding their operation across the globe. These sectors require pre-processed poultry products in order to serve their customers in time and to maintain strict food safety and hygiene guidelines. The growth in demand for processed food in bulk quantities forced poultry processing manufacturers to increase their production capacities and reduce their delivery time. The mechanization and automation of processes has become a necessity in order to maintain standard cut-up size and identical fillet size, which are pre-requisite in fast food and restaurant business.
Killing & de-feathering equipment accounted for the largest market share in 2014
Killing & de-feathering dominated the poultry processing equipment market among other equipment. This market is projected to grow at the highest CAGR from 2015 to 2020 as it is a pre-requisite in every automated poultry processing plant.
Significant growth for poultry processing equipment is observed in the Asia-Pacific region
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, due to economic growth and the shift of the preferences of the consumers towards value added food. The Asia-Pacific region, which includes countries such as China, Japan, India, Thailand, and Vietnam have witnessed an increase in the consumption rate of meat. As observed over the last decade, the demand for animal protein in these countries has increased and has become important due to the current busy life styles.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Marel HF (Iceland), Key Technology, Inc. (U.S.), John Bean Technologies Corporation (U.S.), CTB, Inc. (U.S.), Baader Food Processing Machinery, Inc. (Germany), Brower Equipment (U.S.), Bayle S.A. (France), CG Manufacturing and Distribution Limited (Canada), and Prime Equipment Group, Inc. (U.S.).
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