02nd May, 2016- Mumbai, India: Bharatbook.com announces a report on “Poultry Processing Equipment Market by Global Forecast to 2020”. The Report help to gain insights of the major countries/regions in which the poultry processing equipment market is flourishing
Poultry processing equipment market is projected to grow at a CAGR of 4.7%
The poultry processing equipment market is projected to reach USD 3.83 billion by 2020, at a CAGR of 4.7% from 2015 to 2020. The market is further driven by factors such as increased consumption of processed food, the government support for the use of equipment in developing countries, the demand for food safety, safety of workers, environment and sustainability, the presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules.
Killing & de-feathering equipment accounted for the largest market share in 2014
Killing & de-feathering dominated the poultry processing equipment market among other equipment. This market is projected to grow at the highest CAGR from 2015 to 2020. Due to the high cost of equipment and rise in automation, this market captured the largest market share in 2014, in terms of value.
Chicken led the market with the largest share in 2014
Based on poultry type, the poultry processing equipment market is led by chicken, followed by duck. Chicken consumption is growing faster than other meat as it takes less consumption of feed to produce a kilo of chicken than the equal quantity of pork or beef. Several religious boundaries also play a major role towards the restriction of beef and pork consumption around the world, which is not applicable for poultry meat. The chicken segment is projected to grow at the highest CAGR from 2015 to 2020.
Fresh processed food dominated the poultry processing equipment market
On the basis of product type, fresh processed food captured the major market share in poultry processing equipment in 2014 and it is projected to grow at the highest CAGR from 2015 to 2020. Globalization, rise in demand for processed food, and change in life styles are the factors that lead to the growth of this market.
China contributes the highest market share for the Asia-Pacific region
The Asian-Pacific region, which includes countries such as China, Japan, India, Thailand, and Vietnam has shown an increment in the consumption rate of meat. Economic growth and the shift of preferences of consumers towards value added food led the market growth. As observed over the last decade, the demand for animal protein in these countries has increased.
Given below is breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.
- By Company Type: Tier 1 – 35%, Tier 2 – 45% and Tier 3 – 20%
- By Designation: C level – 35%, Director level – 25%, Others – 40%
- By Region: North America - 30%, Europe – 20%, APAC – 45%, RoW – 5%
The poultry processing equipment market is dominated by leading players such as Marel HF (Iceland), Key Technology, Inc. (U.S.), John Bean Technologies Corporation (U.S.), CTB, Inc. (U.S.), Baader Food Processing Machinery, Inc. (Germany), Brower Equipment (U.S.), Bayle S.A. (France), CG Manufacturing and Distribution Limited (Canada), and Prime Equipment Group, Inc. (U.S.).
Reasons to buy this report:
• To get a comprehensive overview of the global poultry processing equipment market
• To gain wide ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
• To gain insights of the major countries/regions in which the poultry processing equipment market is flourishing
For more information kindly visit: https://www.bharatbook.com/food-market-research-reports-427190/poultry-processing-equipment-type-region-global-forecast.html
Contact us at:
Bharat Book Bureau
Tel: +91 27 27810772 / 27810773
Follow us on Facebook:https://www.facebook.com/BharatBook3B
Follow us on Twitter:https://twitter.com/researchbook
Follow us on Linked In: http://www.linkedin.com/company/bharat-book-bureau
About Author Bio: I am working with a market research company which provides market research reports, company profiles, custom research, industry analysis, country reports, business reports, online databases etc. Through our industry analysis you can identify opportunities, analyse the requirements of the customers and study the competition sector wise.
Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.