(I-BusinessNews.Com, March 19, 2020 ) The global poultry processing equipment market size was valued at USD 2.95 billion in 2015; this is projected to grow at a CAGR of 4.7% from 2018, to reach USD 3.82 billion by 2020. The growth in the market is attributed to increasing consumption of processed food, the governments support for the use of equipment in developing countries, and the demand for food safety, safety of workers, the presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules. The increased preferences for meat consumption of the people worldwide have led to an increase in demand for processing machineries.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1320
Growth of fast food and restaurant chains drives the global poultry processing equipment market
Various multinational fast-food chains are expanding their operation across the globe. These sectors require pre-processed poultry products in order to serve their customers in time and to maintain strict food safety and hygiene guidelines. The growth in demand for processed food in bulk quantities forced poultry processing manufacturers to increase their production capacities and reduce their delivery time. The mechanization and automation of processes has become a necessity in order to maintain standard cut-up size and identical fillet size, which are pre-requisite in fast food and restaurant business.
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 as it is a pre-requisite in every automated poultry processing plant.
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1320
Significant growth for poultry processing equipment is observed in the Asia-Pacific region
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, due to economic growth and the shift of the preferences of the consumers towards value added food. The Asia-Pacific region, which includes countries such as China, Japan, India, Thailand, and Vietnam have witnessed an increase in the consumption rate of meat. As observed over the last decade, the demand for animal protein in these countries has increased and has become important due to the current busy life styles.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such 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.).
About MarketsandMarkets
MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
MarketsandMarkets™
Mr. Sanjay Gupta
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
