Poultry keeping machinery manufacturers largely are displaying interest in sanitization and automation functionalities for their offerings to keep up with health concerns within the poultry sector.
Future Market Insights, Dubai: The poultry keeping machinery market is projected to display moderate growth with a 3% CAGR in the assessment period from 2019 to 2029. A new FMI report has stated that the covid-19 pandemic is anticipated to have an adverse impact on the industry, largely owing to a sharp drop in poultry consumption during the outbreak. Higher transmission rates among poultry sector workers, coupled with widespread misconceptions about health risks from chicken consumption has resulted in a major slump in demand for poultry keeping machinery.
“While poultry consumption has been growing steadily in recent decades, changes in consumption trends are likely to result in slower growth in the near future. Growing numbers of vegetarian and vegan consumers and awareness over animal cruelty, are likely to hinder prospects for poultry keeping machinery in the long term,” states the FMI analyst.
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Poultry Keeping Machinery Market- Critical Takeaways
- Egg processing and handling systems account for prominent revenue share supported by widespread consumption of poultry eggs in food, cosmetics, and personal care applications.
- Automation in feeding equipment is gaining traction owing to superior performance in scaling operations, and lower wastage.
- North America is projected to contribute substantially to poultry keeping machinery, owing to a growing shortage of adequately skilled labor, and sustained demand for poultry products.
Poultry Keeping Machinery Market- Drivers
- Favorable government policies encouraging poultry farming is a major driver for adoption.
- Sustained demand for poultry products as protein rich food sources amid health-conscious populations contribute to demand.
Poultry Keeping Machinery Market- Restraints
- Steady reduction in profit margins in the poultry sector has been a major concern for market players.
- High costs of poultry keeping machinery hinders adoption, especially in developing countries.
Coronavirus Impact on Poultry Keeping Machinery Market
The coronavirus pandemic has had a severe impact on the poultry sector, especially in developing economies. Shortage of investments in the sector and the resultant lack of financial flexibility in the poultry sector has resulted in depressed demand for poultry keeping machinery. The shortage of labor in the industry over labor concerns has also forced a number of poultry farmers to take up depopulation activities, hurting short term market prospects significantly. Manufacturers are likely to focus their attention towards sanitation and automation the meet changed industry requirements.
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HAMex-GmbH, Valco Companies, Hartmann Lebensmitteltechnik Anlagenbau GmbH, Jansen Poultry Equipment, Petersime N.V., Vencomatic Group, Texha PA LLC, and Big Dutchman International GmbH are some of the leading poultry keeping machinery market players.
Major players in the poultry keeping machinery market pushing for portfolio expansion strategies to bolster customization capabilities to meet end user requirements, bolstering sales prospects.
For instance, Octopus Robots has released Octopus Poultry Safe, an autonomous sanitization unit for large scale facilities for cleaning operations between poultry batches. Big Dutchman has unveiled CompoLiner, an automated system for pig slurry, broiler manure, and poultry excrement composting. Vencomatic Group has bolstered its portfolio of laying equipment with the acquisition of Van Gent Laying nests.
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About the Study
The study offers readers a comprehensive assessment of the poultry keeping machinery market. Global, regional and national-level analysis of the latest trends influencing the poultry keeping machinery market is covered in this FMI report. The study provides insights according to product type (feeding, drinking, climate control, incubator equipment, hatchery equipment, egg collection, handling, and management equipment, broiler harvesting & slaughtering, residue & waste management, and others), across seven key regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).
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