Poultry keeping machinery includes equipment used for incubating eggs, hatching chicks, raising poultry for meat and eggs. Equipment such as incubators, hatchers, feeders, waterers, brooders, cages are essential for commercial poultry farms to facilitate growth and egg production of chickens, ducks and other domestic fowl. Increasing meat consumption driven by population and income growth is driving demand for poultry products worldwide.
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 Dynamics:
Increasing meat consumption presents a major opportunity for growth of the poultry keeping machinery market over the forecast period. The heading refers to this driver where rising meat consumption is expected to flourish the poultry keeping machinery market. Meat has become an important part of regular diet for many population globally. Per capita consumption of poultry meat has doubled in last two decades driven primarily by population and economic growth in developing nations such as China, Brazil and others. Automated equipment like incubators, brooders and cages help commercial poultry farms to cater to the rising demand for chicken and eggs efficiently. Besides increasing consumption, factors such as industrialization of poultry farming, farm consolidation and focus on productivity and animal welfare are propelling demand for technologically advanced poultry keeping equipment worldwide.
Segment Analysis
The global poultry keeping machinery market is dominanted by the layer segment. Layer poultry farming contributes to approximately 75% share of the total market. Layers are primarily used for egg production and there is huge demand for eggs across the globe. Mechanization and automation plays a key role in layer farming as it allows large scale production with minimal labor inputs.
PEST Analysis
Political: The government policies and regulations related to animal welfare and food safety standards influence investments in poultry keeping machinery. Large players adhere to international quality certifications.
Economic: Growth in disposable incomes is increasing demand for animal protein such as eggs and meat. This is driving profitability of poultry production and investments in machinery to gain scale economies. Rising labor costs also encourage automation.
Social: Changing dietary habits and preferences for convenience food has boosted demand for eggs and poultry meat. However, issues related to animal welfare and environmental pollution need attention.
Technological: Advanced technologies related to automation, IoT, data analytics, and robotics are being increasingly adopted to ensure efficiency, improve yield, and maintain quality standards. Precision farming helps optimize resource use.
Key Takeaways
The Global Poultry Keeping Machinery Market Size is expected to witness high growth supported by expanding population, rising incomes, and changing food consumption patterns globally. 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.
The Asia Pacific region currently dominates the market backed by large poultry meat and egg producers such as China, India and Thailand. Population in the region has strong preference for animal protein.
Key players such as Jansen Poultry Equipment, Vencomatic, Big Dutchman, Valco Companies, and HARTMANN Gruppe GmbH play a significant role in layer and broiler segments. These players offer integrated solutions and focus on technologies to optimize efficiency of farming processes.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
