Slaughtering Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global slaughtering equipment market is projected to grow, witnessing a CAGR of 4.87% during the forecast period (2020-2025).

Key Highlights

• The enormous growth in the fast food and restaurant chains, growing demand for processed food, technological advancement in automation, and lenient trade policies in exporting meats are expected to be driving the growth in the global slaughtering equipment market. A recent trend in collaboration between meat processing companies and slaughtering equipment manufacturers due to the rapid technological advancement are anticipated to be boosting the growth in the global slaughtering equipment market.
• This demand for semi-automated slaughtering equipment is poised to increase as they benefits many small slaughterhouses by enabling faster delivery and accuracy. Moreover, slaughtering equipment enhances the quality, appearance, and marketability of the end-product. It provides clean and hygienic products.

Key Market Trends

Increasing Demand For Processed Meat Products Globally

There has been increasing demand for the meat products across the globe under the household consumption and food service channels. With the growing consumption of mutton, goat, beef, fish, and pork, the food service providers are focusing on providing quality meat products to their consumers. This can be ensured by enforcing stringent regulations for end-user establishments such as meat and poultry processing plants and slaughterhouses. This is driving operators to adopt automated options in slaughtering equipment to eliminate direct contact and maintain hygiene and safety of cut meat. Thus, the growing focus on slaughter hygiene and food safety is expected to drive market growth during the forecast period.

North America Leading The Slaughtering Equipment Market

Geographically, there is a possibility of North America slaughtering equipment market outpacing others with regard to growth pace. This is because of the growing fast food chains, increasing number of the restaurants, and rising demand for processed meats in the region. Other prominent region in the global slaughtering equipment market is Asia Pacific. High consumption of meat, rising awareness about hygienic and quality meat products, growing population, and overall meat consumption in urban areas could be responsible for driving the growth in the global slaughtering equipment market in the region.

Competitive Landscape

The key manufacturers in the slaughtering equipment market include Marel, BADDER Group, BAYLE SA, Prime Equipment Group, CTB, and others. These companies have diversified product portfolios and advanced technologies for slaughtering equipment at major strategic locations.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support