Asia Pacific Poultry Processing Equipment Market has been estimated at USD 0.79 Billion in 2021 and is projected to reach USD 1.05 Billion by 2026, at a CAGR of 5.90% during the forecast period from 2021 to 2026.
Market Overview:
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.
Drivers and Restraints:
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 Poultry Processing Equipment Market Segmentation Analysis:
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.
Regional Analysis:
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.
Key Players in the Market:
Major key players in the Asia Pacific Poultry Processing Equipment Market are
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.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Animal Type
5.1.1 Chicken
5.1.2 Turkey
5.1.3 Ducks
5.2 Equipment Type
5.2.1 Killing & De-Feathering
5.2.2 Evisceration
5.2.3 Cut-ups
5.2.4 Deboning & Skinning
5.2.5 Marinating & Tumbling
6. Geographical Analysis
6.3 Asia-Pacific
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Marel HF
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Key Technology, Inc.
8.3 John Bean Technologies Corporation
8.4 CTB, Inc.
8.5 Baader Food Processing Machinery, Inc.
8.6 Brower Equipment
8.7 Bayle S.A.
8.8 CG Manufacturing and Distribution Limited
8.9 Prime Equipment Group, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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