Latin America Poultry Processing Equipment Market has been estimated at USD 0.36 Billion in 2021 and is projected to reach USD 0.47 Billion by 2026, at a CAGR of 5.50% during the forecast period from 2021 to 2026.
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 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.
Geographically the Latin America Poultry Processing Equipment Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. 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.
Key Players in the Market:
Major Key Players in the Latin America Poultry Processing Equipment Market are
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