Global processed poultry meat market expected to reach value of US$250.95B by 2018, growing at CAGR of 5.9% from 2013-2018, according to new report; market's value was at US$179.55B in 2012
January 30, 2014
– "Processed Poultry Meat & Poultry Processing Equipment Market By Type (Chicken, Turkey, Ducks), By Product Type (Fresh Processed, Raw Cooked, Pre-Cooked, Raw-Fermented, Cured, Dried), By Poultry Meat Processing Equipment Type & By Geography - Global Trends & Forecasts to 2018" published by MarketsandMarkets, Global poultry meat market was $ 179,551.2 million in 2012 and is expected to reach $ 250,949.5 million by 2018, growing at a CAGR of 5.9% from 2013 to 2018. The poultry processing equipment market was worth $ 2,667.0 million in 2012 and is expected to reach $ 3,974.9 million by 2018, growing at a CAGR of 6.7% from 2013.
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North America: the largest market for Processed Poultry Meat & Meat Processing Equipment
North America is seen as an important region for the sales of Processed Poultry Meat and Poultry Meat Processing Equipments Market. This region has a large demand for processed poultry meat and poultry products where the use of poultry processing equipment becomes evident. The poultry processing equipment market is experiencing a continuous shift from the traditional systems of processing to automated processing systems.
Processed Chicken Meat: Largest market segment for Processed Poultry Meat
The estimated poultry meat consumption is 106 million tons in 2013, of that, 94 million tons is chicken meat. Chicken meat had a share of 84.2% of the total production of poultry meat. Roasted and fried chicken is becoming a favorite meat. Chicken consumption is growing faster than that of the other meats. It takes much less feed to produce a kilo of chicken than an equal quantity of pork or beef.
Fresh Processed Poultry Meat: Leading Processed Meat Type
The fresh-processed poultry meat products are the products that are made by mixing various quantities of animal fat with the muscle poultry meat and the poultry body parts, which are further, processed and packed. These are fried or cooked just before their consumption, to make these products more savory. Products included in this category are sausages (which are made by filling fresh-processed poultry meat into some bread casings), patties, kebab, and others. Fresh processed poultry meat is mostly processed in North America region.
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