by The global Poultry Keeping Machinery Market is estimated to be valued at US$ 5563.33 Mn in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Poultry keeping machinery is used for feeding, watering, breeding and slaughtering of poultry birds. They help in efficiently managing large poultry farms and processing poultry meat and eggs. Poultry keeping machinery improves productivity and ensures hygienic production.
Market key trends:
Adoption of automation in poultry farm operations is one of the key trends being witnessed in the market. Integrating automated feeding systems, egg collection systems, manure cleaning systems help farms achieve higher productivity with reduced labor costs. Automated monitoring of environmental conditions and birds health further aids efficient poultry rearing. This trend is being driven by the growing demand for poultry products and need to optimize poultry farm operations.
SWOT Analysis
Strength: Poultry keeping machinery offers automation in poultry farming operations which boosts productivity and efficiency. Machines like feeders, waterers, egg collection systems reduce manual labor requirements.
Weakness: High initial investment costs associated with procurement and installation of poultry keeping equipment results in high breakeven timelines for small poultry farmers.
Opportunity: Growing demand for poultry meat and eggs globally due to rising population and changing dietary preferences presents an opportunity for increased adoption of machinery that boosts output.
Threats: Threat of contract farming and consolidation of poultry operations by large agribusiness firms reduces market for individual poultry equipment suppliers. Spread of poultry diseases also threatens growth.
Key Takeaways
The Global Poultry Keeping Machinery Market Size is expected to witness high growth, exhibiting CAGR of 3.4% over the forecast period, due to increasing mechanization of poultry farming operations aimed at boosting productivity and minimizing costs. Automated equipment handles processes like feeding, watering, egg collection etc. more efficiently.
Regional analysis: Asia Pacific region currently dominates the global poultry keeping machinery market owing to rising meat consumption in China and India. China, India and other Southeast Asian countries are expected to continue being major markets on account of rapidly growing poultry production in these developing economies. Europe and North America are also sizable markets, though growth is projected to be higher in Asia Pacific.
Key players operating in the Poultry Keeping Machinery are Jansen Poultry Equipment, Petersime NV, Vencomatic Group, Big Dutchman International GmbH, Valco Companies, Inc., TEXHA PA LLC, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMEX-GROUP. Consolidation activities within the sector have led to these players capturing major market shares. Players compete based on product quality, reliability and development of automated and digital solutions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
