Poultry Keeping Machinery Market Slammed Hard During Covid-19 Outbreak, on the Back of Major Depopulation Activities Around the World, says FMI

Poultry Keeping Machinery Market Slammed Hard During Covid-19 Outbreak, on the Back of Major Depopulation Activities Around the World, says FMI

Future Market Insights
Poultry Keeping Machinery Market: Convergence with Technology to Boost Integration of Process Automation: Global Industry Analysis and Opportunity Assessment, 2019-2029

Poultry keeping machinery manufacturers largely are displaying interest in sanitization and automation functionalities for their offerings to keep up with health concerns within the poultry sector.

Future Market Insights, Dubai: The poultry keeping machinery market is projected to display moderate growth with a 3% CAGR in the assessment period from 2019 to 2029. A new FMI report has stated that the covid-19 pandemic is anticipated to have an adverse impact on the industry, largely owing to a sharp drop in poultry consumption during the outbreak. Higher transmission rates among poultry sector workers, coupled with widespread misconceptions about health risks from chicken consumption has resulted in a major slump in demand for poultry keeping machinery.

“While poultry consumption has been growing steadily in recent decades, changes in consumption trends are likely to result in slower growth in the near future. Growing numbers of vegetarian and vegan consumers and awareness over animal cruelty, are likely to hinder prospects for poultry keeping machinery in the long term,” states the FMI analyst.

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Poultry Keeping Machinery Market- Critical Takeaways

  • Egg processing and handling systems account for prominent revenue share supported by widespread consumption of poultry eggs in food, cosmetics, and personal care applications.
  • Automation in feeding equipment is gaining traction owing to superior performance in scaling operations, and lower wastage.
  • North America is projected to contribute substantially to poultry keeping machinery, owing to a growing shortage of adequately skilled labor, and sustained demand for poultry products.

Poultry Keeping Machinery Market- Drivers

  • Favorable government policies encouraging poultry farming is a major driver for adoption.
  • Sustained demand for poultry products as protein rich food sources amid health-conscious populations contribute to demand.

Poultry Keeping Machinery Market- Restraints

  • Steady reduction in profit margins in the poultry sector has been a major concern for market players.
  • High costs of poultry keeping machinery hinders adoption, especially in developing countries.

Coronavirus Impact on Poultry Keeping Machinery Market

The coronavirus pandemic has had a severe impact on the poultry sector, especially in developing economies. Shortage of investments in the sector and the resultant lack of financial flexibility in the poultry sector has resulted in depressed demand for poultry keeping machinery. The shortage of labor in the industry over labor concerns has also forced a number of poultry farmers to take up depopulation activities, hurting short term market prospects significantly. Manufacturers are likely to focus their attention towards sanitation and automation the meet changed industry requirements.

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Competitive Landscape

HAMex-GmbH, Valco Companies, Hartmann Lebensmitteltechnik Anlagenbau GmbH, Jansen Poultry Equipment, Petersime N.V., Vencomatic Group, Texha PA LLC, and Big Dutchman International GmbH are some of the leading poultry keeping machinery market players.

Major players in the poultry keeping machinery market pushing for portfolio expansion strategies to bolster customization capabilities to meet end user requirements, bolstering sales prospects.

For instance, Octopus Robots has released Octopus Poultry Safe, an autonomous sanitization unit for large scale facilities for cleaning operations between poultry batches. Big Dutchman has unveiled CompoLiner, an automated system for pig slurry, broiler manure, and poultry excrement composting. Vencomatic Group has bolstered its portfolio of laying equipment with the acquisition of Van Gent Laying nests.

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About the Study

The study offers readers a comprehensive assessment of the poultry keeping machinery market. Global, regional and national-level analysis of the latest trends influencing the poultry keeping machinery market is covered in this FMI report. The study provides insights according to product type (feeding, drinking, climate control, incubator equipment, hatchery equipment, egg collection, handling, and management equipment, broiler harvesting & slaughtering, residue & waste management, and others), across seven key regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa).

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About Future Market Insights

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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