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Astounding Global Growth of Meat and Poultry Processing Equipment Market - $19.8 billion by 2029 at 9.3% CAGR
Unprecedented advancements and rising demand for processed foods drive the global market towards a promising future.What Is The Projected Market Size Of The Global Meat and Poultry Processing Equipment Market And Its Growth Rate?
The global meat and poultry processing equipment market has been showing strong growth in recent times and is set to continue this trend.
• The market size will grow from $12.73 billion in 2024 to $13.89 billion in 2025 (9.1% CAGR).
• This growth can be attributed to increasing industrialization, urbanization, food safety norms, sustainability, and efficiency.
• Future forecasts predict that the market will reach $19.8 billion in 2029 with 9.3% CAGR.
• The key factors driving this growth include heightened focus on food safety and hygiene, rise in processed food demand, sustainable processing practices, flexibility in customization, and the expanding market in the developing regions.
What Is Driving The Growth In The Meat and Poultry Processing Equipment Market?
Rising consumption of processed meat and poultry is driving the growth of the meat and poultry processing equipment market. Consumption of processed meat refers to the goods that undergo an additional step such as grinding, adding an ingredient, or heating which modifies the appearance, texture, or flavor. The meat and poultry processing equipment are pivotal in the manufacturing of processed meat and are used for various purposes such as slicing, chilling, and dicing. For instance, in 2024, the United States Department of Agriculture predicted a 0.4 percent increase in chicken meat production in the EU. These projections indicate an increase in the demand for processing equipment, hence driving the growth of the meat and poultry processing equipment market.
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Who Are the Key Players Driving Meat and Poultry Processing Equipment Market Growth?
Major players in this market include:
• Baader Food Processing Machinery
• Bayle SA
• Bettcher Industries Inc.
• Brower Equipment
• C.G.Manufacturing & Distribution Inc.
• Berkshire Hathaway Inc.
• GEA Group AG
• Heat and Control Inc.
• Meyn Food Processing Technology B.V.
What Are The Key Trends In The Meat and Poultry Processing Equipment Market?
Key trends in the forecast period include:
• Integration of automation and robotics
• Enhanced food safety measures
• Focus on hygienic design
• Adaptation to changing consumer demands
• Efficient and sustainable practices
What Are The Segments Of The Global Meat and Poultry Processing Equipment Market?
Segments of the global meat and poultry processing equipment market include:
1) By Equipment Type: Killing And Defeathering, Cut Up, Evisceration, Marination And Tumbling, Deboning And Skinning, Other Equipment Type
2) By Processing Type: Raw-Cooked Meat, Freshly processed Meat, Precooked, Cured Meat, Raw Fermented Meat, Dried Meat, Other Processing Types
3) By Meat Type: Cattle, Chicken, Duck, Pig, Rabbit, Sheep, Turkey
Which Region Leads The Meat and Poultry Processing Equipment Market?
North America led the global meat and poultry processing equipment market in 2024. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Meat and Poultry Processing Equipment Market Global Market Report?
- Market Size Analysis: Analyze the Meat and Poultry Processing Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Meat and Poultry Processing Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Meat and Poultry Processing Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Meat and Poultry Processing Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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