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 equipment required for keeping poultry, cleaning their sheds, feeding them, collecting and packaging eggs and meat. Some key poultry keeping machinery are egg handling and packaging machines, broilers and breeders feeding and drinking machines, feeding and watering systems, egg incubators and hatchers, and equipment for cleaning and disposal. These machineries help in automated and efficient poultry farming operations.
Market Dynamics:
One of the key drivers for the growth of poultry keeping machinery market is the rising demand for poultry products globally. According to Food and Agriculture Organization of the United Nations, the demand for poultry meat is estimated to increase by 48% and for eggs by 32% between 2020 and 2030 driven by growing global population and changing consumption patterns. Mechanized and automated poultry farming using machineries can help in meeting this increasing demand for poultry products more efficiently.
Another driver is the growing focus on animal welfare in poultry farms. Machineries help in maintaining hygienic and suitable conditions for poultry by automating feeding, waste removal and environmental control processes. This enhances animal welfare and health which is important for quality and productivity of poultry farming.
Segment Analysis
The global poultry keeping machinery market is segmented into backyard and commercial. The commercial segment dominates the market and is expected to witness high growth owing to the increasing demand for poultry products across the globe. The commercial segment focuses on large-scale production to meet the surging demand from consumers. Furthermore, commercial poultry farms require comprehensive machinery and equipment for hatching eggs, feed, water, ventilation, waste management, and packaging, which contributes to the large market share of this segment.
PEST Analysis
Political: Stable political environment and supportive government policies encouraging sustainable poultry farming practices are major drivers of market growth. However, stringent biosecurity regulations may hamper investments.
Economic: Rising disposable incomes, growing population, and changing dietary preferences towards poultry meat and eggs are fueling market expansion. Additionally, growing demand from export markets acts as an opportunity.
Social: Increasing health awareness and demand for protein-rich diets are prompting consumers to prefer poultry over red meat which benefits market growth. However, concerns regarding animal welfare may hinder the industry.
Technological: Adoption of advanced automation, robotics, IoT, and data analytics solutions in machinery enables higher productivity and quality with lower operational costs. This drives large-scale commercial producers to invest in advanced equipment.
Key Takeaways
The Global Poultry Keeping Machinery Market Size was valued at US$ 5563.33 Mn in 2023 and is expected to reach US$ 7939.28 Mn by 2030, exhibiting a CAGR of 3.4% over the forecast period. Factors such as rapid urbanization, rising living standards, and growing focus on protein-rich diets are augmenting the demand for poultry.
Regionally, North America dominated the market in 2023 with a value share of over 35%, led by the high consumption of poultry products in the US and Canada. However, Asia Pacific is anticipated to witness the fastest growth owing to the huge population, increasing infrastructural developments, and growing meat consumption in China, India, and other Southeast Asian countries.
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. Major players are investing in R&D to develop advanced and sustainable equipment with features such as remote monitoring and IoT integration for commercial farmers.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it