by The poultry keeping machinery market involves equipment used for breeding, sheltering, feeding and processing of poultry animals. Some key products in the market include feeding and watering systems, heating and ventilation systems, egg collection and sorting systems, as well as broiler harvesting and slaughtering equipment. Poultry keeping equipment helps farmers improve farm operations, increase productivity and ensure food safety standards are met. The rising demand for protein-rich meat and eggs globally has encouraged large scale commercial poultry farming practices. This has driven the adoption of automated equipment that maximize production capacities while reducing labor requirements.
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 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Growing demand for automated poultry farming: As mentioned in the heading, the increasing mechanization of poultry farming processes has boosted the poultry keeping machinery market. Automated equipment help optimize resources, ensure humane treatment of birds and allow real-time farm monitoring for improved management. This is a major driver facilitating higher equipment adoption rates among commercial poultry producers.
Rising global demand for poultry and poultry products: Another key factor is the rapid growth in consumption of meat and eggs across various regions driven by population and income growth. Poultry is one of the most widely consumed meats globally due to affordability and nutrition. The rising demand necessitates higher production volumes which can be achieved through large-scale automated farming with machinery. This augments demands for new integrated machinery systems in the industry over the forecast period.
Segment Analysis
The global poultry keeping machinery market is dominated by the chicken keeping segment. This segment accounts for over 60% of the total market share as chickens are one of the most widely consumed types of poultry meat globally. Chicken has several benefits over other types of meat as it is lean, high in protein and low in fat. The demand for chicken is increasing rapidly with urbanization and changing dietary preferences.
PEST Analysis
Political: Regulations around food safety, animal welfare and environment protection have been tightened in recent years which is driving demand for advanced poultry keeping machinery that help meet these stricter norms.
Economic: With rising disposable incomes in developing countries, demand for animal protein is surging which is a major growth driver for the poultry keeping machinery market. However, high initial investment remains a challenge.
Social: As more people migrate to cities, demand for convenience and packaged food is growing rapidly. Since poultry meat is a popular meat choice globally, this is positively impacting the market.
Technological: Adoption of advanced automation, IoT, data analytics and robotics in poultry keeping processes is enhancing productivity and food safety. This is encouraging farmers to upgrade their equipment.
Key Takeaways
Global Poultry Keeping Machinery Market Size is expected to witness high growth over the forecast period of 2023 to 2030 supported by rising consumption of poultry meat and dairy. 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 5.8% over the forecast period 2023 to 2030.
The Asia Pacific region is projected to witness the fastest growth during the forecast period owing to rising meat consumption, a burgeoning middle class and industrialization of poultry farms in developing nations. China is the largest producer and consumer of poultry globally.
Key players:
Key players operating in the poultry keeping machinery market are BMW Group, Daimler, Ford Motor, General Motors, Honda Motor, Hyundai Motor, SAIC Motor, Stellantis, Toyota Motor, Volkswagen Group, and others. Key players are focusing on innovative product launches and acquisitions to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
