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Meat Processing Equipment Market set to reach 14,490.6 Million By 2021


iCrowdNewswire   Oct 8, 20207:00 AM ET

Companies such as Duravant, Prime Equipment Group, Inc., BAADER, BANSS, Stephan Machinery GmbH, Marel, Lyco Manufacturing, Inc, BIRO® Manufacturing Company, Mepaco, Bettcher Industries, Inc, Marlen International, and A-One Manufacturing LLC are some of the major players in the global meat processing equipment market. There has been huge requirement for the processed meat market in the developed nations. This led the major players in the global meat processing equipment market to aim on the enhancement of automated machinery.

According to the analysts at Zion Market Research, the global meat processing equipment market was capitalized at more than USD 9,441.8 Million in 2015. The global meat processing equipment market is likely to reach more than USD 14,490.6 Million in 2021 and is expected to increase at a CAGR of more than 7.4 % from 2016 to 2021.

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Rising Technical Enhancements In The Production Of Equipment To Boost The Global Meat Processing Equipment Market

“The global meat processing equipment market is mainly boosted by the rising requirement for meat owing to its high nutritional value,” claim analysts at Zion Market Research. In addition to this, increasing employment of automated tools by the major companies instead of traditional equipment stimulates the development of global meat processing equipment market. Meat is extremely fragile. Hence processing it is essential to avoid the meat from deteriorating. Although, complications for handling the devices as compared to conformist methods and high initial price of equipment might impede the development of global meat processing equipment market.

Global Meat Processing Equipment Market

Nevertheless, major industries aim on designing automated tools to deal with the high productivity and labor cost. This trend is expected to see high development of the global meat processing equipment market in the near future. Rising technical enhancements in the production of equipment is also one of the reasons to boost the global meat processing equipment market. For instance, in March 2018, GEA Group rolled out RAY™ PP batch freeze dryers. These dryers are designed for small scale drying of food items such as vegetables, fruits, herbs, coffee, seafood, meat, and others, thereby boosting global meat processing equipment market.

Rising Discretional Income To Boost Global Meat Processing Equipment Market In Asia Pacific

The global meat processing equipment market was ruled by Europe and North America. There has been the enormous demand for meat in U.S. since meat is used on the everyday basis in these areas. The U.K. consumes pork and beef as the chief food; this factor positively affects the growth of the global meat processing equipment market in Europe. Asia-Pacific is the quickest developing region for global meat processing equipment market and is expected to maintain its dominance in the market. This is majorly due to the rising discretional income and increasing demand for meat from the consumers.

The global meat processing equipment market is segmented as follows:

By Meat Type

By Equipment Type

By Region

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Keywords:    Gobal Meat Processing Equipment Market

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