Rockville, Nov. 08, 2022 (GLOBE NEWSWIRE) -- According to the latest published research report by Fact.MR, a provider of market research and competitive intelligence, the expected valuation of the global poultry processing equipment market is 5.8 billion for 2032-end, expanding at a CAGR of 4.3% from 2022 to 2032.
Live poultry is processed with the objective of making raw poultry products fit for consumption by human beings. Technological advancements in poultry processing methods are likely to play a pivotal role in the expansion of the global market. Mechanization of the methods used for the manufacturing process has also decreased expenses on labor and helps improve the safety and quality of meat.
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There is a wide variety of ingredients, such as fat, protein, and water that are available in meat. Furthermore, meat processing techniques provide assistance to extend the shelf life of different food products. These processes are also helpful to enhance the flavor of food products and improve the preparation process. Ducks, especially chickens, and turkeys are treated with poultry processing equipment. Human beings can easily digest high-protein food. These food items are prepared from the skeletal muscle and contain certain minerals, lipids, phosphorus, vitamins, and amino acids.
Picking and tumbling, boning and skinning, fighting, killing and slaughtering, and other procedures are generally included in poultry processing equipment.
Key Takeaways from Market Study
- Sales of poultry processing equipment are likely to progress at a CAGR of 4.3% through 2032.
- The chicken segment is expected to increase at a CAGR of 4.6% through 2032.
- Valuation of poultry processing equipment is estimated to reach US$ 5.8 billion by 2032-end.
- The killing & defeathering segment is likely to progress at a CAGR of 5% through 2032.
“Increasing awareness about health concerns along with rising consumption of high protein-rich food around the world is estimated to generate new sales opportunities for poultry processing equipment manufacturers over the coming years,” says a Fact.MR analyst
Increasing Focus on Nutrition Needs by Poultry Industry
The conversion of feed into various food products, such as eggs and meat, results in a disproportionately high requirement for nutrients in the chicken business. In addition, a lack of several necessary aminoalkanoic acids is likely to cause growth retardation, instances of abnormal behaviour like feather picking, and decreased egg production.
A diet with insufficient nutrition can have negative impacts on poultry health as well as the environment, including an increase in laughing gas emissions associated to manure. It might have a harmful effect on the environment. Consequently, it is crucial to keep protein requirements in balance in order to promote environmental sustainability and production.
Poultry concentrate is becoming more and more popular as a result of its nutrient enrichment. Minerals and multivitamins, such as phosphorus, vitamins, salt, protein, methionine, calcium, lysine, and some other minerals, are frequently found in poultry concentrate. Additionally, these ingredients are combined with a variety of grains, including maize and soybean flour, to create feed products.
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Winning Strategy
The market for poultry processing equipment sees leading players’ dominance of market share, strong product portfolio, and strategic decisions being made.
For instance,
- JBT, on June 3, 2019, announced its acquisition of Prime Equipment Group, Inc. This initiative is helpful for the company to provide high-quality services and products to its consumers.
Key Companies Profiled
- Baader Group
- Meyn Food Processing Technology B.V.
- Cantrell Gainco Group, Inc.
- Brower Equipment
- JBT Corporation
- CTB Inc.
- John Bean Technologies Corporation
Supportive Government Initiatives for Poultry Processing in North America
Based on geographic regions, the global market for poultry processing equipment is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Due to increasing government backing for the expansion of the poultry processing industry in the region, the North American region is most likely to hold a dominant position in the worldwide market among these.
The regional market is subject to strict government restrictions that guarantee the quality of food goods. The need for chicken processing equipment in the local market is also anticipated to rise as customer preferences for value-added foods that are packed with high protein and low fat shift.
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Segmentation of Poultry Processing Equipment Industry Research
- By Product:
- Chicken
- Other Types
- By Equipment:
- Killing & Defeathering
- Deboning & Skinning
- Cut-ups
- Marinating & Tumbling
- Evisceration
- Other Equipment
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global poultry processing equipment market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights into the market on the basis of product type (chicken, other types) and equipment (killing & defeathering, deboning & skinning, cut-ups, marinating & tumbling, evisceration, other equipment), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA)
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