According to the current analysis of Reports and Data, The Global Slaughtering Equipment Market was valued at USD 7,391.6 Million in 2020 and is expected to reach USD 10.20 Billion by 2028, at a CAGR of 4.1%. Animal slaughter refers to the process of killing domestic livestock for food purposes or in case of the animal being diseased or unsuitable for consumption. The slaughtering equipment are a part of the food processing industry because they enhance meat products both qualitatively and by value. The equipment make the slaughtering process completely automated and heavily bring down the associated risks of microbial contamination in meat products. They operate at maximum efficiency, thereby assuring appropriate cuts on the animals’ bodies. There is an increasing awareness about hygiene and quality during consumption of processed meats. These factors culminate to push forwards he growth of slaughtering equipment market globally. However, a trend of people switching to complete vegetarian diet has been observed in the recent years which is driving the demand for slaughtering equipment market.
Dry conditions in some parts of the globe affect the livestock which in turn affects the overall meat processing industry as well as the slaughtering equipment market.
The slaughtering equipment market is also expanding due to the increasing demand for meat products worldwide, growing preference for processed meat and sophistication in the food industry. Scientific innovation and greater investment into food technologies is boosting the market growth further. Process automation has become a necessity for the success of this market today as it makes the process of slaughtering more efficient and less susceptible to infections. Also, it ensures standard cut-up size and identical fillet size. Mergers, acquisitions and focused investments are being witnessed and development opportunities in the emerging economies are readily being exploited by the top market players.
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The Slaughtering Equipment market investigation report assesses the global market for the Slaughtering Equipment industry and provides revenue and capability forecasts for the projected period of 2023-2028. The factors that drive the industry's growth are highlighted in the report. The report divides the Slaughtering Equipment market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- BANSS America Corporation,
- BAYLE S.A,
- Best and Donovan,
- MEATEK Food Machineries India,
- Jarvis Equipment Pvt. Ltd.,
- Industries Riopel Inc.,
- Prime Equipment Group Inc.,
- Dhopeshwar Engineering Private Limited,
- Marel,
- Baader Group,
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Market Segmentation:
By Type Outlook
- Stunning
- Killing
- Cut-up
- Deboning and Skinning
- Evisceration
- Others
By Automation Outlook
- Fully Automated Line
- Semi-Automated Line
By Livestock Outlook
- Poultry
- Swine
- Seafood
- Others
By Process Type Outlook
- Line Slaughter
- Batch Slaughter
- Small-Sized Slaughter
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Slaughtering Equipment market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Slaughtering Equipment market.
The Global Slaughtering Equipment Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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