Poultry keeping machinery such as incubators, hatchers, feeders, waterers, cages, egg belts, and bulk egg handling equipment have significantly contributed to the growth of the global poultry industry. With rising demand for eggs and chicken meat, machinery for poultry keeping are enabling timely supply of poultry products by automatically managing various operations from incubation of fertilized eggs to feeding and housing of chickens. 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 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing demand for eggs and chicken meat has boosted the poultry industry across the globe. Increasing consumption of protein-rich meat and eggs has propelled demand for poultry farming and associated equipment. Poultry keeping machinery helps to manage large poultry farms efficiently through automation of various processes such as incubation of eggs, feeding and watering of birds. Automated machinery provides homogenous food quantity and water supply to chickens, while maintaining hygiene and accurate temperature control. This has resulted in increased production volumes to meet rising consumer demand for poultry products. Advanced machinery is also contributing to disease prevention, animal welfare and improved productivity in the poultry industry.
SWOT Analysis
Strength: Global Poultry Keeping Machinery Market Size provides automation and reduces labor costs for large poultry farms. It helps improve productivity and operational efficiency.
Weakness: High initial investment required for machinery. Small poultry farms may not find it financially viable.
Opportunity: Growing demand for poultry products is driving the need for scaling up poultry farms. This increases demand for machinery that allows managing large number of birds.
Threats: Fluctuations in raw material prices can increase the cost of producing poultry keeping machinery. Changes in government regulations regarding animal welfare can impact design of machinery.
Key Takeaways
The global Poultry Keeping Machinery market is expected to witness high growth.
Regional analysis: Asia Pacific dominates the global market currently due to rising meat consumption and growing economies. China, India and other Southeast Asian countries are expected to drive the demand.
Key players related content comprises Key players operating in the Poultry Keeping Machinery are H.B. Fuller, Henkel AG & Co. KgaA, The Dow Chemical Company, 3M, Flint Group, Arkema Group, Ashland Inc., COIM Group, Morchem, DIC Corporation, and Chemline India Ltd. These manufacturers are focused on developing automated, energy-efficient and reliable machinery to cater to the increasing demand.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
