Egg Incubator Market
Egg Incubator Market Analysis By Incubator Type (Chicken, Duck, Goose, Turkey), By Application (Poultry farms, Poultry Breeding Companies), By Power Source (Renewable, Non-renewable) & Regions - Global Market Insights 2022 to 2032.
Analysis of Egg Incubator Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Egg Incubator Market Outlook
Eggs are a considerably cheaper source of protein when compared to meat options. The content of heart-healthy unsaturated fats in eggs is enriched in vitamin B12, B6, and vitamin D. The rising health awareness among people is directing their diet preferences in favor of protein-rich food options.
This shift in consumer preferences is expected to propel the demand for eggs in the forecast period which is also likely to flourish the demand for egg incubators.
The demand for chicken increases further with some religions prohibiting the consumption of beef and pork. Collectively, the factors that influence the demand for chicken are the ever-rising population, disposable incomes, price economics, and improving consumer dietary preferences.
This will create ample opportunities for egg incubator manufacturers to develop sustainable products, driving growth in demand.
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Why Egg Incubator is demanded?
Avian incubation is a technique that keeps eggs warm in an artificial environment. An incubator is used for the artificial hatching of eggs, it lets the fetus grow inside without the presence of the mother to provide the conditions for growth and hatching. An ideal egg incubator should be able to offer the perfect growth atmosphere for an egg by regulating the temperature and humidity while turning the eggs when needed.
The growing population and increasing consumption of processed food along with government initiatives promoting the consumption of protein-rich diets are expected to increase the demand for eggs. Increasing the hen population would be required to meet the growing demand for eggs.
The ability of an incubator to improve the hatchability of eggs further assists in increasing the hen population, thereby pushing the demand for automatic incubators. At a global level, the market growth for poultry consumption will be in-line with the global GDP in the long-term forecast. The increasing disposable incomes and lifestyle standards are further flourishing this industry.
This will push the need for more hens, which will indirectly influence the demand for egg incubators. A number of manufacturers are shifting towards renewable sources of energy like the use of a solar-powered egg incubator. Lifeway Solar Devices Pvt. Ltd., an India-based company has developed a solar-based incubator in collaboration with the Indian Institutes of Technology, Madras.
The equipment runs on solar energy and has an efficiency of around 90% for hatching chicken eggs. Such innovations for sustainable products will prevail in the egg incubator market.
What restraints this market?
The high cost of incubators is a major factor restraining the growth of this market. The higher cost of machines is due to the costly raw material required for egg incubators. Additionally, the energy cost is another hampering factor to this market in the forecast period. Poultry farming has to face other challenges associated with high vaccination costs, and veterinary care services. The non-availability of credit is another issue affecting this industry.
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Segment wise Insights
Chicken egg incubators are in majorly demand due to the rise in consumer demand for eggs and chicken meat. The segment is anticipated to gain the fastest CAGR in the forecast period owing to a rise in health awareness and the inclusion of a protein-rich diet by people.
Poultry farms are a major application segment for this industry. However, poultry breeding companies are anticipated to gain moderate to fast CAGR in the forecast years.
Based on the power source renewable energy options are likely to gain attention in forecast years owing to manufacturers’ focus on eco-friendly production and cost-effectiveness. With the renewable option, companies can decrease their carbon emission and aid in sustainability development.
Regional Outlook
Worldwide poultry meat production and consumption are on a rise and are highly concentrated and diverse. Chicken is produced globally, whereas turkey is majorly produced in North America and Europe. On the contrary, duck and goose are majorly produced in Asia.
This creates a diversified demand for egg incubators with varied capacities. During the long-term forecast, the proportion of the world’s poultry meat production in developing economies is set to increase by an average of 3.6% per year until 2025. Rising disposable incomes, the divergence of diets, and the growing population are major growth drivers.
The U.S., China, and Brazil are the major chicken meat producers, consumers, and traders globally. While in terms of egg production China, U.S. and India are the major producers. According to the FAO, the current global per-capita poultry meat consumption is around 15-16kgs. Chicken meat is comparatively cheaper as compared to other meat counterparts making it the most consumed meat globally.
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Competitive Landscape
The industry is dominated by regional, local and international players. The market is fairly consolidated and has high-intensity competition among companies. Rapid technological advancement is creating a substitution threat for incubators. These players are focusing on the production of solar-based incubators.
Indian Institute of Technology, Madras has developed solar based egg incubator likely to set new trends in the market. With an emphasis on sustainability, companies are investing in research and innovation in terms of renewable options. The needed equipment investment at the initial level might be high for start-ups which is a key deterrent factor for new entrants in this market.
Segmentation
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By Incubator type
- chicken
- duck
- goose
- turkey
- Others.
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By Application
- poultry farms
- poultry breeding companies
-
By Power Source
- renewable
- non-renewable
-
By Geography
- North America
- Latin America
- Europe
- Japan
- Asia Pacific ex
- Japan (APEJ)
- Middle East & Africa (MEA).
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. Application 6.3. Power Source 7. Global Market Analysis and Forecast, By Type 7.1. Chicken 7.2. Duck 7.3. Goose 7.4. Turkey 7.5. Others 8. Global Market Analysis and Forecast, By Application 8.1. Poultry Farms 8.2. Poultry Breeding Companies 8.3. Others 9. Global Market Analysis and Forecast, By Power Source 9.1. Renewable 9.2. Non-Renewable 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. Asia Pacific 10.6. East Asia 10.7. MEA 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. MEA Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Type, Application, and Power Source for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. GQF Manufacturing Co., Inc. 20.2. Brinsea Products Ltd. 20.3. Hova-Bator 20.4. Incubator Warehouse 20.5. Jamesway Incubator Company 20.6. Murray McMurray Hatchery 20.7. Egg Incubators, Inc. 20.8. Rcom 20.9. Kuhl Corporation 20.10. Shenzhen Dehang Electronics Co., Ltd.
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Type
Table 3: Global Market US$ Mn Forecast by Application
Table 4: Global Market US$ Mn Forecast by Power Source
Table 5: North America Market US$ Mn Forecast by Country
Table 6: North America Market US$ Mn Forecast by Type
Table 7: North America Market US$ Mn Forecast by Application
Table 8: North America Market US$ Mn Forecast by Power Source
Table 9: Latin America Market US$ Mn Forecast by Country
Table 10: Latin America Market US$ Mn Forecast by Type
Table 11: Latin America Market US$ Mn Forecast by Application
Table 12: Latin America Market US$ Mn Forecast by Power Source
Table 13: Western Europe Market US$ Mn Forecast by Country
Table 14: Western Europe Market US$ Mn Forecast by Type
Table 15: Western Europe Market US$ Mn Forecast by Application
Table 16: Western Europe Market US$ Mn Forecast by Power Source
Table 17: Eastern Europe Market US$ Mn Forecast by Country
Table 18: Eastern Europe Market US$ Mn Forecast by Type
Table 19: Eastern Europe Market US$ Mn Forecast by Application
Table 20: Eastern Europe Market US$ Mn Forecast by Power Source
Table 21: Asia Pacific Market US$ Mn Forecast by Country
Table 22: Asia Pacific Market US$ Mn Forecast by Type
Table 23: Asia Pacific Market US$ Mn Forecast by Application
Table 24: Asia Pacific Market US$ Mn Forecast by Power Source
Table 25: East Asia Market US$ Mn Forecast by Country
Table 26: East Asia Market US$ Mn Forecast by Type
Table 27: East Asia Market US$ Mn Forecast by Application
Table 28: East Asia Market US$ Mn Forecast by Power Source
Table 29: MEA Market US$ Mn Forecast by Country
Table 30: MEA Market US$ Mn Forecast by Type
Table 31: MEA Market US$ Mn Forecast by Application
Table 32: MEA Market US$ Mn Forecast by Power Source
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 10: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 14: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 15: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 17: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 18: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 19: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 20: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 22: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 23: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 24: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 25: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 29: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Type
Figure 30: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 31: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Power Source
Figure 32: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How this market is likely to grow in the forecast period?
The egg incubator market is expected to grow at a CAGR of 6% during the forecast period.
Why this market is expected to have high potential?
Demand for egg incubators is predicted to rise due to population growth, processed food consumption, and government programs encouraging protein-rich diets.
Where manufacturers will gain the most market opportunities?
North America is expected to be the most lucrative region for the growth of egg incubator industry.
Egg Incubator Market