The Asia-Pacific Poultry Processing Equipment market has been estimated at USD 0.72 Billion in 2016 and is projected to reach USD 0.95 Billion by 2021, at a CAGR of 5.90% during the forecast period from 2016 to 2021.
Meat has high protein content, water, and fat. Unprocessed meat gets spoiled due to secretion of various enzymes after slaughtering.
This has resulted to high use of processing techniques to prevent the meat spoilage. End users are those who consume the final processed meat.
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The market for Poultry Processing Equipment in Asia-Pacific region is driven mainly due to increased consumption of processed food, the government support for the use of equipment in developing countries, and mechanization in production processes which has contributed positively to labor reduction, meat quality and safety. But, the market growth can be declined due to factors associated with meat intake such as obesity risk and health concerns.
Asia-Pacific market for Poultry Processing Equipment is segmented based on animal type and Equipment Type. By animal type, the market is further sub-segmented into Chicken, Turkey, Ducks.
By Equipment Type, the market is further sub-segmented into Killing & De-Feathering, Evisceration, Cut-ups, Deboning & Skinning, Marinating & Tumbling. Killing & de-feathering dominated the poultry processing equipment market among other equipment as it is a pre-requisite in every automated poultry processing plant.
On the basis of poultry type, the poultry processing equipment market is led by chicken, followed by duck. Chicken consumption is growing faster than other meat.
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Geographically, Asia-Pacific market for Poultry Processing Equipment is segmented into China, India, Japan, South Korea and Australia. The Poultry Processing Equipment market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to economic growth and the shift of the preferences of the consumers towards value added food.
Also, the demand for animal protein in the countries has increased and has become important due to the current busy life styles, which is creating great opportunity for the market to flourish.
Marel HF, Key Technology Inc, John Bean Technologies Corporation, CTB Inc, Baader Food Processing Machinery Inc, Brower Equipment, Bayle S.A., CG Manufacturing and Distribution Limited, and Prime Equipment Group Inc. are the major players of Asia-Pacific Poultry Processing Equipment market.
Market Segmentation :
1) Animal Type
2) Equipment Type
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Scope of the Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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