The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Poultry Brooders, Feeders, And Waterers Global Market Report 2024, the poultry brooders, feeders, and waterers market is expected to show significant growth in the forecast period.

The poultry brooders, feeders, and waterers market has witnessed robust growth in recent years, expanding from $33.05 billion in 2023 to $35.51 billion in 2024, marking a notable Compound Annual Growth Rate (CAGR) of 7.5%. This upward trajectory is attributed to several factors, including the flourishing poultry industry, a heightened focus on animal welfare, and an overarching commitment to efficiency and productivity.

Charting the Future: Projections for 2028

Looking ahead, the market is poised for further expansion, with expectations to reach $46.15 billion in 2028, demonstrating a CAGR of 6.8%. The forecasted growth is fueled by diverse factors such as population growth and urbanization, an increased emphasis on food safety and hygiene, sustainability concerns, and the rising importance of biosecurity in preventing disease outbreaks. Major trends in this period include the integration of automation and IoT, customization and flexibility, the adoption of hybrid systems, data-driven decision-making, and ongoing market consolidation.

Rising Poultry Consumption Fuels Demand

1. Key Drivers: The surge in poultry consumption is driven by explicit growth, improved income levels, favorable chicken prices in comparison to other meats, and evolving dietary preferences.
2. Global Impact: According to OECD statistics, global poultry meat production reached 134 Mt in 2020, marking a 1.2% increase from the previous year, with a significant surge in demand observed in China.
3. Market Boost: The increasing demand for high-quality poultry meat intensifies the need for efficient poultry brooders, feeders, and waterers, thereby boosting market growth.
4. Market Players: Major companies capitalizing on this trend include Big Dutchman International GmbH, Valco Companies Inc., Vencomatic Group BV, and more.

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Innovation in the Market: AI Meets Birdwatching

1. Technological Advancements: Major companies are introducing innovative products like the AI-Powered Smart Hummingbird Feeder and Smart Bird Bath to enhance profitability.
2. Bird Buddy Inc.: A US-based startup, Bird Buddy Inc., has launched AI-Powered Smart Hummingbird Feeder, employing artificial intelligence to identify and provide close-up views of up to 350 distinct hummingbird species.
3. Technological Synergy: These devices combine AI, cameras, and traditional bird feeders, creating a novel bird-watching experience.

Strategic Mergers for Industry Sustainability

1. Sanderson Farms and Wayne Farms Merger: In July 2022, the merger between Sanderson Farms and Wayne Farms in the US positions the new entity for increased competitiveness, sustainability, and long-term growth.
2. Diverse Focus Areas: The merger strategically combines Sanderson’s focus on the retail market with Wayne’s expertise in the restaurant and catering industry, creating a diversified and resilient business.

Market Segmentation: Insights into Variety

The poultry brooders, feeders, and waterers market is segmented based on:

1. Product Type: Brooders, Feeders, Waterers
2. Operation: Automatic, Manual, Semi-Automatic
3. Poultry Type: Chicken, Turkey, Duck, Other Poultry

Geographical Landscape: Asia-Pacific Dominance

In 2023, the Asia-Pacific region emerged as the largest market for poultry brooders, feeders, and waterers, highlighting the global nature of this industry.

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The Poultry Brooders, Feeders, And Waterers Global Market Report 2024  provides an in-depth analysis on the poultry brooders, feeders, and waterers market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the poultry brooders, feeders, and waterers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Poultry Global Market Report 2023

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