The global automated poultry market is projected to exhibit a significant growth, at a CAGR of around 7.1%, during the forecast period. The global meat consumption has been tripled in the last four decades and increased 20% in just the last 10 years according to the World Watch Institute. The leading countries in the meat consumption are the US, China, Brazil, European countries. This is backed by the decline in prices and rising disposable income in emerging economies are embarking on higher meat consumption. Urbanization is also one of the major driving forces influencing global demand for meat products. Urbanization arouses improvements in infrastructure, such as cold chains, which allows trade in meat and poultry goods.
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There is an increasing demand for meat and other animal products including eggs and dairy products. This demand is typically met through animal farming. Additionally, in rural area, people have less diversified diets as compared to urban people. As per OECD, the levels of meat consumption in North America and most other countries are the highest and a considerable increase in the consumption of animal products in countries such as Brazil and China have been observed. Due to increasing dependency on non-vegetarian foods such as meat, chicken, pork, and others, Europe is considered to be a significant market for animal husbandry. Transforming agriculture practices and growing reliability on limited crops is augmenting the demand for non-vegetarian food. This, in turn, is increasing the poultry consumption, offering growth opportunity to automated poultry market.
According to UK, National Food Survey 2017, consumption of raw beef, lamb and pork has reported a declination of 4.2% as compared to 2012. Additionally, the survey had found a fall of 7% since 2012 in the meat products including sausages, bacon, and poultry. Increased intake of dairy products is one of the key factors which is responsible for the decrease in meat production. Moreover, the growing trend of turning diet to vegan is estimated to shift the food culture of the country which as a result will further decrease the cattle production and meat consumption.
Increasing demand for meat in China makes it one of the major lucrative factors in the growth of the automated poultry market in the country. China’s ever-rising demand for meat provides a strong and stagnant domestic production. Moreover, the country is estimated as the largest consumer of meat across the globe. According to the Our World in Data, China recoded the highest meat production rates in 2018, accounting for around 88.2 million tons of meat, nearly double the production in the US. China consumes nearly 25% of the total meat produced across the globe every year, as stated by the USDA. The increasing production and consumption of poultry products accelerate the growth for automated poultry market in the country.
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Global Automated Poultry Market-Segmentation
By Equipment
· Cage System
· Floor Management System
· Environment Control System
· Egg Handling and Processing System
· Feeding System
· Others (Manure Handling System)
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