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The Global Poultry Keeping Machinery Market Growth Accelerated by Emerging Economies

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Mia Yates
The Global Poultry Keeping Machinery Market Growth Accelerated by Emerging Economies

Poultry keeping machinery plays a vital role in poultry farming by facilitating various operations like hatching, feeding, watering, egg collection and transporting poultry. Machinery such as incubators, hatchers and brooders are extensively used for hatching purposes. Automatic feeding systems and watering tubes help in delivering feed and water efficiently. Equipment like egg collectors and conveyor belts aid smooth egg collection process.

The global Poultry Keeping Machinery Market is estimated to be valued at US$ 4 Billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Emerging economies across Asia Pacific and Latin America regions have been exhibiting rise in consumption of poultry products owing to growing population and changing dietary preferences. This has significantly driven the demand for high-quality and efficient poultry keeping machinery. Leading manufacturers are increasingly focusing on these emerging regions by establishing local manufacturing plants and introducing machinery customized as per regional requirements. For instance, many Chinese players have entered countries like Vietnam, Indonesia and Brazil to cater to the growing demand. The trend of mechanization in poultry farming in developing nations is expected to continue and support the growth of poultry keeping machinery market over the forecast period.


Segment Analysis

The global poultry keeping machinery market is dominated by the poultry feed machinery segment. This segment accounted for the largest market share in 2022 owing to the growing demand for high quality compound and specialized poultry feed. Automation in feed manufacturing lines and introduction of advanced feed machinery for improved feed production has further boosted the growth of this segment.

Key Takeaways

The Global Poultry Keeping Machinery Market Size is expected to witness high growth. The global Poultry Keeping Machinery Market is estimated to be valued at US$ 4 Billion in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.

Regional analysis: Asia Pacific dominates the global poultry keeping machinery market and is expected to continue its dominance during the forecast period. This can be attributed to the high production and consumption of poultry products in China and India. Moreover, growing awareness regarding animal welfare and rising demand for automation in poultry farming practices is also fueling the market growth in the region.

Key players: Key players operating in the Poultry Keeping Machinery market are Jansen Poultry Equipment, Vencomatic Group, VALCO Companies, Hartmann, Munters, Hagen, GEA Group, Big Dutchman, Avian Contractors, and Petersime.

For More Insights, Read: https://www.newswirestats.com/poultry-keeping-machinery-market-trends-growth-and-regional-outlook-2023-2030/


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