According to a new report published by MarketsandMarkets, the global poultry meat market was worth $179,551.2 mill. in 2012.
It is expected to reach $250,949.5 mill. by 2018, growing at a CAGR of 5.9% from 2013 to 2018. The poultry processing equipment market was worth $2,667.0 mill. in 2012 and is expected to reach $3,974.9 mill. by 2018, growing at a CAGR of 6.7% from 2013.
The report identifies North America as an important region for the sales of processed poultry meat and poultry meat processing equipment. 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.
The estimated poultry meat consumption is 106 mill. t in 2013, of that, 94 mill. t 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 favourite 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.
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 savoury. Products included in this category are rolls (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 the North America region.