Market for poultry processing equipment worth $3.83B by 2020
Killing and de-feathering equipment dominated the market share.
The market for poultry processing equipment will be worth $3.83 billion by 2020, at a CAGR of 4.7% from 2015-2020, according to "Poultry Processing Equipment Market by Type (Chicken, Turkey, Ducks), Equipment Type (Killing & De-Feathering, Evisceration, Cut-ups, Deboning & Skinning, Marinating & Tumbling), Product Type, & by Region - Global Forecast to 2020," a study produced by Markets and Markets, Dallas, Texas.
The market is driven by increased consumption of processed foods, government support for the use of equipment in developing countries, the demand for food safety, safety of workers, environment and sustainability, the presence of small and medium enterprises in developing countries, rising raw material costs and international trade rules.