Meat is consumed as staple food in many parts of the world. Meat has high protein content, water, and fat. Meat processing is the technique for simplifying the meat for easy cooking and enhanced taste. End users are those who consume the final processed meat.
The Latin America Poultry Processing Equipment market has been estimated at USD 0.33 Billion in 2016 and is projected to reach USD 0.42 Billion by 2021, at a CAGR of 5.50% during the forecast period from 2016 to 2021. Meat is consumed as staple food in many parts of the world.
Meat has high protein content, water, and fat. Meat processing is the technique for simplifying the meat for easy cooking and enhanced taste.
End users are those who consume the final processed meat.
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The market for Poultry Processing Equipment in Latin America is mainly driven due to increasing demand for meat due to its high nutritional content, increasing adoption rate of poultry meat, and escalating use of automated equipment by the key players over the traditional equipment. But, the market growth can be constrained due to high initial cost of equipment and complications for handling the machines as compared to conformist techniques.
Latin America 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, Latin America market for Poultry Processing Equipment is segmented into Brazil, Argentina and Mexico. The market in Latin America is escalating with high CAGR with governmental support and subsidiaries in developing economies of this region.
The process equipment manufacturers are using their R&D facilities to develop new equipment by using advanced technology, which is said to create wide range of opportunities for the market growth to happen in the coming years.
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 Latin America 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
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