A recent report published by Infinium Global Research on slaughtering equipment market provides an in-depth analysis of segments and sub-segments in the global as well as regional slaughtering equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional slaughtering equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global slaughtering equipment market. According to the report, the global slaughtering equipment market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
The continuous changing food consumption and living habit among the young and middle-class consumers around the world are helping to grow the demand of the meat-based food and nonfood products as skin, bone and other products. This, in turn, is helping to grow the demand for the different type of slaughtering equipment. Further, the growing demand for the automation of the slaughtering houses to meet the slaughtering criteria of the different exporting countries is boosting the demand for modern slaughtering equipment. Several countries or group of nations have their own parameters to import slaughtered products from other countries, and they need less human intervention during the processing activities to avoid potential contamination and hygiene issues. All these incidents forced the exporter to adopt modern slaughtering technology and equipment to process their living animals. Further, they also need third party inspection certificate from the exporters to boost their confidence on the seller.
The growing influence of the urbanization, increasing disposable income, and demand for a different type of luxuries products are continuously boosting the slaughtering equipment demand around the world. Further, the continuously changing food habits and growing demand of the protein-based food is motivating the consumers to switch toward meat-based protein product. Now, people are preferring to use several types of leather for their personal use for several reasons as long-lasting features, attractive look, etc. However, the lack of basic infrastructure to support the slaughtering industry, government regulation is restricting the growth of the market.
Geographically, slaughtering equipment market is divided into four regions namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest market, owing to the presence of the several slaughtering equipment companies in this region. Further, the presence of the several modern slaughtering houses is providing a conducive environment for the growth of the slaughtering equipment manufacturers in this region. Europe is the second-largest market for slaughtering equipment, after North America. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the continues growing the demand of the animal-based food product, luxurious items, medicine and other product among the young and middle-class consumers
The report on global slaughtering equipment market covers segments such as type, automation, livestock, and process type. On the basis of type, the sub-markets include stunning, killing, cut-up, deboning and skinning, evisceration, and other types. On the basis of automation, the sub-markets include fully automated line, and semi-automated line. On the basis of livestock, the sub-markets include poultry, swine, bovine, seafood, and other livestock. On the basis of process type, the sub-markets include line slaughter, batch slaughter, and small-sized slaughter.
The report provides profiles of the companies in the market such as MEATEK FOOD MACHINERIES INDIA PVT LTD, Dhopeshwar Engineering Private Limited, Asena, Industries Riopel Inc, Jarvis Products Corporation, Brower Equipment, CTB, Inc., Prime Equipment Group Inc, BAYLE SA, and Nordischer Maschinenbau Rud. Baader GmbH Co. KG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of slaughtering equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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