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.
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.
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Top Companies Operating in the Global Slaughtering Equipment Market Report:
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, Limos.
Further key findings from the report suggest-
· By type, killing holds the largest share in the global slaughtering equipment market. This process is basic for the slaughter of all animals and various methods are experimented with across the globe to make the process painless for the animals.
· By automation, the semi-automated segment holds the largest share in the market. This is so because the semi-automated process requires comparatively lower maintenance and investment costs.
· Increasing awareness of importance of protein is being observed in the consumers which is triggering the growth in demand of the protein rich foods like meat. Chicken consumption is on the rise due to this reason as chicken is one of the easily and cheaply available meats globally.
· According to Meat & Livestock Australia, the demand for Beef and Chicken were the highest in the country with a market share of over 35% and 30% respectively.
· The cattle slaughter in the US is forecasted to remain high till 2020 as marketing rates find the needed support from larger feedlot inventories and strong demand.
· The huge growth in the retail food chains, flexible policies for trading meat and exhaustive use of automation for the slaughtering processes is pushing the market growth further.
· By livestock, poultry segment holds the largest market share in the global slaughtering equipment market. The proper maintenance of such equipment is crucial to meet the health standards of the industry.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Slaughtering Equipment market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Slaughtering Equipment market is provided to gain a deeper understanding of its growth and progress.
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)
Further market segmentation
Type (Revenue, USD Million; 2018–2028)
- Stunning
- Electrical Stunning
- Controlled Atmosphere Stunning
- Killing
- Cut-up
- Deboning and Skinning
- Evisceration
- Others
Automation (Revenue, USD Million; 2018–2028)
- Fully Automated Line
- Semi-Automated Line
Livestock (Revenue, USD Million; 2018–2028)
- Poultry
- Chicken
- Duck
- Other Poultry
- Swine
- Bovine
- Cow
- Buffalo
- Seafood
- Others
Process Type (Revenue, USD Million; 2018–2028)
- Line Slaughter
- Batch Slaughter
- Small-Sized Slaughter
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