Poultry Processing Equipment Market - Global Forecast to 2022
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The global forecast for poultry processing equipment thru the year 2022, including an analysis of the type of poultry, equipment type, and product type.
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Poultry Processing Equipment Market - Global Forecast to 2022
- 1. Processing Equipment Market Global Forecast/Projections 2017 - 2022 David R. Seckman President & CEO Food Processing Suppliers Association
- 2. Research Data • Compiled by Market&Markets which is a strategic analysis company who we contracted with to conduct an informative/data contained in these studies. • These research studies involved the usage of extensive sources, directories, databases (including public and private) and also contains information/data obtained by interviews, questionnaires, and surveys of key opinion leaders at processing companies.
- 4. OBJECTIVES OF THE STUDY: POULTRY To define, segment, and project the size of the poultry processing equipment market on the basis of poultry type, equipment type, and region. To provide detailed information regarding the main factors influencing the growth of the market (drivers and opportunities). To strategically analyze the micro-markets with respect to the individual growth trends, future prospects, and contribution to the total market.
- 5. OBJECTIVES OF THE STUDY: POULTRY To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape outlook. To project the market size, in terms value, of market segments with respect to four main regions (along with their key countries), namely, North America, Europe, Asia-Pacific, and Rest of the World (RoW). To analyze competitive developments such as expansion, investments, and agreements in the poultry processing equipment market.
- 6. Key Factors in the Market Demand for Poultry Drivers: Growth of Fast Food & Restaurant Chains Safety Regulation Generating a Need for Sophisticated Equipment Poultry Processors Need to Upgrade & Purchase New Equipment Opportunities: Increasing Middle Class Income Leading the Way for Increased Spending Busy Lifestyles of an Ever-Increasing Urbanization Increasing Demand for Ready-to-Cook, Ready-to-eat Food
- 7. POULTRY PROCESSING EQUIPMENT MARKET IS EXPECTED TO WITNESS A HIGH ADOPTION RATE
- 8. IN 2016 NORTH AMERICA DOMINATED THE POULTRY PROCESSING EQUIPMENT MARKET
- 9. NORTH AMERICA POULTRY PROCESSING EQUIPMENT MARKET SIZE, 2016 = USD 1.04 BILLION
- 10. POULTRY PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
- 11. POULTRY PROCESSING EQUIPMENT MARKET SIZE, BY EQUIPMENT TYPE, 2017 VS. 2022 (USD MILLION)
- 12. POULTRY PROCESSING EQUIPMENT MARKET SIZE, BY PRODUCT TYPE, 2017 VS. 2022 (USD MILLION)
- 13. CHICKEN SEGMENT TO EXHIBIT HIGHEST GROWTH AMONG THOSE USING POULTRY MEAT PROCESSING EQUIPMENT DURING THE FORECAST PERIOD
- 14. POULTRY PROCESSING EQUIPMENT MARKET IN ASIA-PACIFIC REGION IS EXPERIENCING HIGH GROWTH
- 15. POULTRY PROCESSING EQUIPMENT MARKET, GEOGRAPHIC SNAPSHOT (2017-2022)
- 16. POULTRY PROCESSING EQUIPMENT SUMMARY The poultry processing equipment market will continue to grow at a substantial pace in the next five years. Due to increasing population and demand for poultry products, demand by poultry processors for equipment will continue to increase. It is projected that killing and defeathering equipment, cut-up, and then deboning poultry processing equipment will grow at the highest rate. Mexico leads the way, followed by India, Thailand, Australia/New Zealand , and Egypt are the biggest growth country possibilities.
Editor's Notes
- The research and the data contained in this presentation was developed by Markets&Markets As you can see the data they used was received from a variety of sources that included surveys, interviews, questionnaires and usage of public and private databases
- Now let’s turn our attention to the second forecast study that I want to share with you today. As you can see this commissioned study is the global forecast for poultry processing equipment thru the year 2022. And, includes an analysis of the type of poultry, the equipment type, product type and is viewed in the same global context as the meat study.
- As you can see, as was with the meat study, the same objectives that we outlined for the meat study were incorporated for the Poultry study. These included: 1. The segment and size of the poultry processing equipment market 2. The main factors influencing the growth of the market 3. The growth trends for the market
- 4. As well as the opportunities in the market for equipment manufactures 5. To project the size of the various markets throughout key areas and regions 6. And, where those markets opportunities are located.
- As the population continues to rise, the need for food does so as well. Consumers preferences has changed to ready-to-eat processed foods. The busy lifestyle of the urban population and the two income families have created a bigger demand for fast food and is paving the way for processed food and processed poultry in particular. The opportunities in the market has and will continue to require a demand for upgraded processing equipment. And will lead to more growth potential for the poultry processing equipment industry.
- The poultry processing equipment market is estimated to reach $3.26 billion this year and is projected to grow at annual compounded growth rate of 4.7% during the forecast period. As with meat products, rising global demand for poultry products, changing needs and changing taste & preferences by consumers are driving this demand. Additionally, the increasingly stringent govt. regulations and food safety concerns have boosted the growth of poultry processing technology and in turn the equipment market.
- North America accounted for the largest share, at nearly 32%, of the global meat processing equipment market in 2016. The poultry processing equipment market in North America was valued at $964 million and is projected to reach $1.3 Billion in 2022. And at a compounded annual growth rate of 4.8%. This is due to the increasing demands for processed poultry products. The poultry processing equipment market for Europe is nearly 30%. It is interesting to note that the Asian-Pacific market is projected to grow at a high compounded annual growth rate of 5.3% during the forecast period .
- This slide represents the market share for poultry processing equipment for the US, Canada, and Mexico in 2016. And, the market share, by animal, for the US, Canada, and Mexico.
- With a share of nearly 32% in 2016, the North American poultry processing equipment market was valued at just under $ 1 billion. And is projected to reach $ 1.3 billion by 2022 at an annual growth rate of 4.8%. The market for Europe is projected to grow from $ 958 million North this year and to nearly $1.2 billion by 2022. And, the Asian-Pacific market is projected to grow at a compounded annual growth rate of 5.3% by 2022.
- This year, the killing and defeathering segment is estimated to be the largest market for poultry processing equipment. In terms of value it is projected to grow at 5.2% during the forecast period Also listed is the other types of processing equipment their projected compounded growth rate.
- This slide represents the particular poultry market for equipment by product type. As indicated fresh processing leads the listed followed by raw cooked, pre-cooked and the others listed here. NOTE: OTHERS include sun-drying poultry meat; mincing & grinding.
- These figures represent the relative growth rates of the different poultry processed using poultry processing equipment. The chicken segment is projected to grow at the highest compounded annual growth rate of 4.8% from 2017 to 2022. That segment is followed by ducks and turkeys.
- For the sake of this presentation and in our reports, the market has ben divided into four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific market is expected to register the highest growth rate of 5.3% from 2017 to 2022. Markets in North America, Europe, and the Rest of the World are expected to grow close to a compounded annual growth rate of 4.8%, 4.1% and 4.9% respectively.
- This global picture provide us with a snap shot of the fastest growing country level markets for poultry processing equipment thru 2022. As you can see, Mexico is at a 6.9% growth rate for poultry processing equipment leads the way followed by India at 5.9%; Thailand at 5.5% ; and Egypt and Australia/New Zealand at 5.4%. Regardless, almost entirely across the globe we see healthy growth rates and opportunities for poultry processing equipment suppliers.
- Let me summarize the forecast for the meat processing equipment industry: Due to increasing population and demand for poultry products, demand by poultry processors for equipment will continue to increase. The poultry processing equipment market will continue to grow at a substantial pace in the next five years. It is projected that killing and defeathering equipment, cut-up, and then deboning poultry processing equipment will grow at the highest rate. Mexico leads the way, followed by India, Thailand, Australia/New Zealand , and Egypt are the biggest country growth opportunities.