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The poultry brooders, feeders, and waterers market is projected to grow by USD 17.86 billion with a CAGR of 8.6% during the forecast period 2021 to 2026.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market report segmentation by product type (brooders, feeders, and waterers) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The market report also offers information on several market vendors, including Agrologic Ltd., Big Dutchman AG (Holding), Brower Equipment, Hellmann Poultry GmbH & Co. KG, JAMES WAY INCUBATOR CO INC., LUBING Maschinenfabrik Ludwig Bening GmbH & Co. KG, ME International Installation GMBH, OFFICINE FACCO & C. S.P.A., Petersime NV, ROXELL BV, Tecno Poultry Equipment s.p.a., TEXHA, Valco Industries Inc., VDL Groep, and Vencomatic Group among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the market. During the COVID-19 pandemic, the market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Poultry Brooders, Feeders, and Waterers Market Driver
The rise in poultry meat consumption globally is one of the key market drivers supporting market growth. The global per capita consumption of meat has grown at a steady rate in the past decade, and the poultry segment experienced the highest growth. According to the US Department of Agriculture Foreign Agricultural Service (USDA FAS)'s Bangkok data, growth in chicken meat production and consumption will be 2%-3% in 2023. The rise in the population also drives the global demand for meat, which has led to an increase in production capacity and supply. Moreover, people have become more conscious about protein intake in their daily diet. This has led to an increase in meat consumption. Thus, the increase in the demand for meat will propel the need for brooding, feeding, and watering equipment and, in turn, will drive the market in focus during the forecast period.
Key Poultry Brooders, Feeders, and Waterers Market Trend
Integration of technology is one of the key market trends contributing to market growth. The growing need to increase the supply of food products rapidly is influencing the use of advanced technology to produce eggs and other poultry products. Automation, robotics, AI, and precision farming are improving the productivity and profitability of poultry farmers, packers, and associated service industries. The widespread availability and accessibility of sensors, data platforms, and software are also contributing to the optimization of operations. For instance, FACCO inaugurated a BIO poultry system, which allows the hens to move around freely inside and outside the shed, scratching only in the dedicated area. It is the smart farm solution that ensures maximum efficiency and energy savings along with the optimal management of resources in the poultry farm. Thus, all these factors will drive the market in focus during the forecast period.
Key Poultry Brooders, Feeders, and Waterers Market Challenge
The increasing popularity of the vegan diet is one of the factors impeding the market growth. Plant-based diets are increasingly preferred to animal-based diets, and the trend is more common among Millennials. In Canada, around 3 million people have adopted a vegan lifestyle. As per the Statista Global Consumer Survey on diets and nutrition in the US, 2022, about 5% of respondents were vegan. The trend of becoming vegan has been increasing in the UK, Iceland, Australia, Mauritius, Ireland, New Zealand, Canada, Estonia, the US, and Sweden. Thus, the increasing vegan population, therefore, can decrease the demand for poultry meat and meat-based products, which can negatively affect the growth of the market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global poultry brooders, feeders, and waterers market as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying growth strategies such as technological innovations, low operational and maintenance costs, and high product quality to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report on the market contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the poultry brooders, feeders, and waterers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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46% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for poultry brooders, feeders, and waterers in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Increasing health awareness will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The regional market in focus had been adversely affected by the second wave of the COVID-19 pandemic in H1 2021. However, countries in the region initiated the vaccination drives in H1 2021 and gradually reported fewer COVID-19 cases daily. Therefore, the countries lifted restrictions due to a decline in the number of COVID-19 cases in 2021. This is expected to increase the demand for poultry meat and drive the growth of the regional market during the forecast period.
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The market share growth in the brooders segment will be significant during the forecast period. According to a report by the Organization for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization, poultry meat consumption is projected to increase globally to 152 Mt over the forecast period, accounting for 52% of the additional meat consumed. Thus, the growing consumption of poultry meat will propel the demand for brooders and in turn, will drive the market in focus during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Poultry Brooders, Feeders, and Waterers Market Scope |
|
Report Coverage |
Details |
Page number |
121 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.6% |
Market growth 2022-2026 |
$17.86 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.2 |
Regional analysis |
APAC, North America, Europe, the Middle East and Africa, and South America |
Performing market contribution |
APAC at 46% |
Key consumer countries |
US, Canada, China, India, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Agrologic Ltd., Big Dutchman AG (Holding), Brower Equipment, Hellmann Poultry GmbH & Co. KG, JAMESWAY INCUBATOR CO INC., LUBING Maschinenfabrik Ludwig Bening GmbH & Co. KG, ME International Installation GMBH, OFFICINE FACCO & C. SPA., Petersime NV, ROXELL BV, Tecno Poultry Equipment s.p.a., TEXHA, Valco Industries Inc., VDL Groep, and Vencomatic Group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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