With the rising demand for poultry meat and products across the globe, the need for efficient processing equipment has also increased considerably. Poultry processing equipment are used for deboning, cutting, and packaging of poultry meat products. These equipment aid in slicing, dicing, weighing and packing poultry parts like chicken breasts, wings and legs at high-speed production lines. The automation and processing aid offered by these machines help improve productivity and meet the growing demand for poultry meat in a cost-effective manner.
The Global Poultry Processing Equipment Market is estimated to be valued at US$ 4.6 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the Poultry Processing Equipment are Marel hf,John Bean Technologies Corporation,GEA Group AG,Meyn Food Processing Technology B.V.,Baader Group. These players are focusing on developing advanced machinery to improve production efficiency.
The growing demand for poultry meat worldwide is also driving the need for high-capacity processing equipment. With rising incomes, especially in developing regions of Asia and Latin America, consumption of protein-rich chicken and turkey meat is surging. This growing demand is encouraging poultry farmers and meat processors to invest in automated processing lines.
Several poultry processors are also undertaking global expansion efforts to cater to the rising international demand. Leading equipment manufacturers are collaborating with these players and setting up manufacturing facilities across major poultry hubs to ensure easy equipment availability. The global presence helps players explore new markets and benefit from the overall industry growth.
Market Key Trends
Automation is a key trend gaining traction in the poultry processing equipment market. Players are developing machines integrated with technologies like machine vision, IoT and robotics to minimize manual intervention and improve yield. This helps boost production capacity while maintaining quality standards. With automation, players can cater to rising volumes in a cost-efficient way without compromising on food safety.
Porter’s Analysis
Threat of new entrants: High initial capital requirements act as a barrier. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes.
Bargaining power of suppliers: Suppliers have moderate bargaining power as there are many suppliers in the market.
Threat of new substitutes: Threat of substitution is low as processing equipment has few alternatives. Competitive rivalry: Intense competition exists between existing players.
Geographical Regions
North America accounts for the largest share in the poultry processing equipment market in terms of value. Advantages such as well-established poultry industry, advanced infrastructure, and growing adoption of automated equipment drive the market in the region.
Asia Pacific is expected to grow at the fastest pace during the forecast period. Factors such as increasing disposable income, growing population, and rising meat consumption especially in China and India are expected to support market growth in Asia Pacific.
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it