DUBLIN, May 5, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Poultry Processing Equipment Market by Type (Chicken, Turkey, Ducks), Equipment Type (Killing & Defeathering, Evisceration, Cut-ups, Deboning & Skinning, Marinating & Tumbling), Product Type, & by Region - Global Forecast to 2020" report to their offering.
The global market for poultry processing equipment has grown exponentially in the last few years. In terms of value, the market is projected to reach USD 3.83 Billion by 2020, at a CAGR of around 4.7% from 2015 to 2020.
Factors such as increasing consumption of processed food, the governments support for the use of equipment in developing countries, and the demand for food safety drives the poultry processing equipment market.
The poultry processing equipment market, based on equipment type, is segmented into killing & defeathering, evisceration, cut-up, deboning & skinning, marinating & tumbling, and others (cooling & freezing equipment, grading and weighing machines). Killing & defeathering accounted for the largest market share and this segment is projected to grow at the highest CAGR during the forecast period since it is a pre-requisite in every automated poultry processing plant.
The poultry processing equipment market, based on poultry type, is segmented into chicken, turkey, duck, and others (goose and guineafowl). The chicken segment is projected to grow at the highest rate from 2015 to 2020, followed by duck. Religion plays a vital role in driving the chicken meat market, as some religions restrict the consumption of beef and pork consumption, which is enforced in some regions around the world; however, there is no such restriction on chicken meat consumption.
The poultry processing equipment market, based on product type, is segmented fresh processed, raw-cooked, pre-cooked, raw fermented sausages, cured, dried, and others (sun-drying poultry meat and mincing and grinding the poultry meat manually). Fresh processed meat is the most preferred meat in the global market due to the change in life styles and globalization. It captured the largest market share in 2014 and is projected to grow at the highest CAGR from 2015 to 2020.
The market is dominated by 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.). Marel HF is one the major players in poultry processing equipment manufacturers' market.
The company acquired MPS (The Netherlands) in January, 2016, which made it a giant in the poultry processing equipment industry. The company later acquired some huge leading brands to expand its global presence. The company focuses on innovations for its equipment with innovative software in order to make them more user-friendly.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Regulatory Framework
8 Poultry Processing Equipment Market, By Equipment Type
9 Poultry Processing Equipment Market, By Poultry Type
10 Poultry Processing Equipment Market, By Product Type
11 Poultry Processing Equipment Market, By Region
12 Competitive Landscape
13 Company Profiles
- Baader Food Processing Machinery, Inc.
- Bayle S.A.
- Brower Equipment
- CG Manufacturing and Distribution Limited
- CTB, Inc.
- John Bean Technologies Corporation
- Key Technology, Inc.
- Marel HF
- Prime Equipment Group, Inc.
For more information visit http://www.researchandmarkets.com/research/s8xf5x/poultry
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SOURCE Research and Markets