The Poultry Keeping Machinery Market Is Estimated To Witness High Growth Owing To Rising Automation In Poultry Farming
The 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 includes various equipment used for raising poultry such as feeders, waterers, egg collection systems, egg tray handlers, broiler harvesting systems, temperature and humidity control systems, and others. These machineries help to increase productivity and profitability through automation of routine tasks on poultry farms. They aid in proper care, feeding, and housing of poultry.
Market Dynamics:
One of the key drivers propelling growth of the poultry keeping machinery market is rising automation in poultry farming. Automation helps to reduce labor costs and improve efficiency on poultry farms. It enables tasks such as feeding, watering, egg collection, and temperature control to be automated. For instance, automated poultry feeders periodically provide controlled amounts of feed to poultry without requiring manual labor. Similarly, automated egg collection systems collect eggs and transport them to processing areas with minimal human intervention. This reduces labor costs and improves productivity. Additionally, automation provides uniform distribution of feed and water as well as uniform temperature and humidity control inside poultry sheds, thereby ensuring optimal rearing conditions for poultry.
Growing demand for poultry products is another factor boosting the market growth. Food demand is increasing consistently with the growing global population. This is translating to rising consumption of poultry meat and eggs worldwide. Poultry is relatively affordable source of protein compared to other meats. Growing consumption of poultry necessitates increased poultry production globally, which is fueling adoption of advanced poultry keeping machinery to boost production efficiency and volumes.
SWOT Analysis
Strength: The Poultry Keeping Machinery market has strong growth potential due to rising demand for poultry products. Automated machinery offers consistent production and quality control. Many players offer customized machinery suited for different poultry needs.
Weakness: High initial investments requirements for setting up poultry farms pose challenges for new entrants and small players. Dependency on fossil fuels increases production costs.
Opportunity: Growing health-conscious population is increasing demand for protein-rich poultry meat and eggs. Technological advancements allow remote monitoring and automation, improving productivity.
Threats: Threat from alternative protein sources like plant-based meat. stringent regulations pertaining to animal welfare and environment protection increase compliance costs.
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 consumption of poultry products. Rising disposable income and growing population in developing nations are driving the demand for affordable protein. Poultry machinery helps meet this growing demand through standardized, mass production.
Regional analysis: North America dominated the global market in 2023, accounting for around 30% of the overall shares, followed by Europe. This is attributed to well-established poultry industry and early adoption of advanced machinery in these regions. However, Asia Pacific is expected to witness highest growth, exhibiting a CAGR of 4.2% during the forecast period. This can be attributed to rising incomes, favorable government policies and rapid establishment of large poultry farms in major markets of China and India.
Key players analysis: Key players operating in the poultry keeping machinery market 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. These companies enjoy leading positions due to strong global presence and wide range of innovative, automated machinery.
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