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Key Factors Driving the Poultry Keeping Machinery Market: A Report By FMI

Adriaan Brits

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The study primarily links the increase in poultry meat consumption to the strong development prospects of the poultry-keeping machinery market. The poultry-keeping machinery market According to the report, has a great potential for expansion in regions such as Latin America and Asia Pacific, with the exception of Japan and North America.

The global poultry-keeping machinery market is estimated to be valued US $5.09 billion in 2022, representing a 3.2 percent increase year on year. By 2028, the market is predicted to increase at a CAGR of 3.6 percent and be worth US$ 6.54 billion.

According to the most recent market research analysis on poultry-keeping machinery conducted by Future Market Insights, the market was valued at roughly US$ 4.5 Bn in 2021 and is predicted to rise at a 3 percent CAGR between 2022 and 2029. In 2021, poultry keeping gear sales were expected to account for nearly 60% of the worldwide poultry equipment industry.

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Over the coming decade, significant product innovation with advanced technology that meet regulatory and animal welfare standards is projected to emerge as a market differentiator. Automation of agricultural and farm equipment, as well as demand for modern and cost-effective poultry-keeping apparatus from new poultry farms, have expanded dramatically.

According to FMI, growing demand for progressive products puts producers under pressure to deliver technologically innovative and unique product offerings. Equipment makers have made enormous investments in research and development as a result of technological improvements. Manufacturers in the poultry-keeping machinery market focus on developing unique proprietary technologies that serve as product differentiators and aid in competitive advantage.

Birds like turkeys, ducks, and broilers have a great economic value since they can adapt to any environment. They may be utilised for meat in eight weeks, and hence a large rise in investment in the poultry sector is projected, particularly in emerging nations such as Iran and Tunisia in the Middle East.

APEJ Region to Provide Noteworthy Growth Opportunities for Manufacturers

Because of continual technical developments and progression in agriculture and farm equipment throughout the years, automation is likely to emerge as the future of the APEJ poultry-keeping machinery market. Manufacturers of poultry keeping machinery are concentrating their efforts in the region on enhancing their market structures and offerings.

Because of rising consumption and production of poultry-keeping machinery in China and India, as well as North America, Latin America, Western Europe, and Eastern Europe, the APEJ region is expected to be a prominent region in the global poultry-keeping machinery market throughout the forecast period. The increased attention on animal welfare around the world has caused people to think about the practises employed in farm-produced food production.

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Prominent Factors Fueling Poultry Keeping Machinery Market Growth

“Advanced Technologies Emerging as Product Differentiators among Farm & Agriculture Equipment Manufacturers”

The increasing integration of automation in farm and agricultural equipment is boosting demand for cost-effective and innovative products, placing manufacturers under pressure to provide technologically advanced and unique product offerings.

Farm and agricultural equipment manufacturers have made substantial efforts in research and development to introduce distinctive proprietary innovations that help differentiate their products in the market.

Manufacturers of poultry keeping machinery are likewise focusing on enhancing yield. This ensures that vital food commodities like chicken and eggs can be offered at a reasonable price.

As the need for animal protein has expanded, poultry meat has emerged as a more cost-effective and economical source of protein. As a result, chicken meat consumption is expected to continue to outperform beef and pork replacements.

Because of its low cost and high protein content, poultry meat would experience steady market demand, propelling market expansion for poultry keeping machinery.

Poultry Keeping Machinery Market: Vendor Insights

The global poultry-keeping machinery study focuses on some of the key industry participants in the global poultry-keeping machinery market. Valco Companies, Inc., Jansen Poultry Equipment, Vencomatic Group, Big Dutchman International GmbH, TEXHA PA LLC, Petersime NV, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMex-GmbH are some of the market’s prominent players.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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Future Market Insights,

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For Sales Enquiries: [email protected]

Website: https://www.futuremarketinsights.com/

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