Defeathering Machine Market Size, Share, Trends, Industry Analysis: Research During The Ongoing COVID-19 And Research Methodology By Forecast To 2033
The defeathering machine market is predicted to grow from US$ 1,062 Mn in 2023 to US$ 1,747 Mn by 2033. It is anticipated that demand for defeathering machines is likely to increase at a CAGR of 5.1%, during the projection period.
The rapid growth of fast food and restaurant chains, rising processed food consumption, technical advancements in automation, and liberal trade regulations for meat exporting are all expected to increase the market for defeathering equipment.
Additionally, the use of defeathering equipment has made it feasible to prepare dressed chicken for eating efficiently and hygienically. This mechanism is crucial since there is a rising demand for chicken meat every year. These factors have an impact on the increased demand for businesses that sell chicken from farms, slaughterhouses, broiler vendors, chicken restaurants, and businesses based on chicken.
To effectively and quickly meet consumer demand, fast food restaurants are increasingly adopting defeathering machines. International expansion is occurring for well-known fast-food brands including KFC, Domino’s, McDonald’s Corporation, and Taco Bell. Over the projected period, this factor will likely increase sales of defeathering machines.
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Leading producers of defeathering machines concentrate on developing state-of-the-art processing equipment. Thanks to this newly created machinery, several products derived from bird meat now have extended shelf life. Additionally, advances in the industry of defeathering machines allow goods to retain the majority of their nutrients while reducing quality loss and avoiding disease contamination. The industry’s cutting-edge concepts are thus expected to raise the need for defeathering equipment.
Key Takeaways from the Defeathering Machine Market
· During the anticipated period, a horizontal-type segment is anticipated to lead the market for defeathering machines, with a CAGR of 4.5%.
· In 2022, the chicken category had the biggest revenue share in the market, and it is anticipated that it would maintain this position for the duration of the projection.
· By 2033, the U.S. market for defeathering machines is projected to reach US$ 309.3 Mn, growing at a CAGR of 30.6%.
· By 2033, the U.K. defeathering machine market is projected to be valued at US$ 168.6 Mn, expanding at a CAGR of 5.5%.
· By 2033, the defeathering machine market in Germany is projected to be valued at US$ 164.4 Mn, expanding at a CAGR of 16.3%.
· By 2033, the Japanese defeathering machine market is expected to be worth $43.3 million, growing at a robust CAGR of 4.3%.
· China holds an 8.3% market share in the defeathering machine market and is expected to develop at a CAGR of 4.1% during the projected period.
· Due to the large consumption of chicken meat in the area, it is predicted that China’s defeathering machine market would reach US$ 124.7 Mn by 2033.
Who is Winning?
To increase the effectiveness and performance of their machines, the key players in the defeathering machine market are spending money on R&D. This encourages industry innovation while improving client access to the equipment. The market share of defeathering machines is expected to grow as more firms try to take advantage of what the machines have to offer. Businesses are investing more money in R&D to raise the caliber of their products and boost machinery production. It is anticipated that the market for defeathering machines would grow quickly, opening up new prospects for food service businesses.
· Superior Equipment Group, Inc. was acquired by John Bean Technologies Corporation in June 2019. With the acquisition of Premier, we are one step closer to our goal of dominating the chicken industry and providing excellent products and services.
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