Slaughtering Equipment Market Size, Share, Industry, Forecast and outlook (2023-2030)

Global Slaughtering Equipment Market is Segmented By Type (Stunning, Killing, Cut-up, Deboning, Skinning & Trimming, Evisceration, Others), By Livestock ( Poultry, Bovine, Swine, Seafood, Others), By Process Type (Line Slaughter, Batch Slaughter, Small-sized Slaughter), By Automation (Semi-Automated Line, Fully Automated), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Overview

The Global Slaughtering Equipment Market reached USD 7.9 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 12.1 billion by 2030. The market is growing at a CAGR of 5.3% during the forecast period 2023-2030. The slaughtering equipment market is growing due to a rise in meat consumption and overall demand for processed and packaged meat.

The growth of fast-food chains, rising demand for processed meats, technological advancements in slaughtering equipment and lenient trade policies for meat exports are some of the primary factors that are boosting the slaughtering equipment market. 

Protein is a growing area of nutritional interest and meat is still the leading protein-rich food for consumers. Thus the growing demand for protein food is increasing the need for processed meats and thereby boosting the market for Slaughtering equipment market growth.

Slaughtering Equipment Market Scope and Summary

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Slaughtering Equipment Market Dynamics and Trends

Increasing Demand for Meat Worldwide Will Lead to the Growth of the Slaughtering Equipment Market

As per The Donut Whole, between 70 and 80 percent of people likely consume meat. The demand for processed meat has increased along with the consumption of more meat. As the demand for processed meat products increases, more animals need to be slaughtered to meet this demand. This creates a need for more slaughtering equipment to process the animals efficiently and in large quantities. Hence, the increasing demand for meat is driving the slaughtering equipment market.

Government Regulations Hamper the Growth of the Slaughtering Equipment Market 

Regulations can limit the number of animals that can be slaughtered, the methods used to slaughter them, or the disposal of waste products. These restrictions can limit the growth of the slaughtering equipment market by reducing demand for certain types of equipment. For instance, According to FSSAI, to operate their businesses, all butcher shops and slaughterhouses must apply for a license. Regulations can also impact consumer demand for meat products. 

For example, regulations regarding animal welfare or environmental concerns may make consumers more conscious of their meat consumption, which can impact the demand for slaughtering equipment. Overall, government regulations can impact the slaughtering equipment market growth.

Slaughtering Equipment Market Segment Analysis

The global slaughtering equipment market is segmented based on equipment type, livestock, process type, automation, and region.

Increasing Consumption of Poultry Meat 

Based on livestock the slaughtering equipment is segmented into poultry, bovine, swine, seafood and others. In 2022, the poultry segment had the highest share of about 45% in the market because of the substantial global expansion in demand for poultry compared to beef and swine. By 2031, Statista predicts that the world's consumption of poultry meat will reach 153.85 metric kilotons. with increasing demand for poultry, slaughtering equipment such as killing, cut-up, deboning & skinning and evisceration equipment are also increasing.

Source: DataM Intelligence Analysis (2023)

Slaughtering Equipment Market Geographical Penetration

Increasing Consumption of Meat Leads to  the Growth of the Slaughtering Equipment Market in North America 

In 2021, North America dominate the slaughtering equipment market owing to the growing consumption and demand for processed meat. According to Statista, Broiler chicken, with 98.8 pounds consumed per person in the US in 2022, was the most popular sort of meat. The innovative and technological advancements in slaughtering equipment are also significant factors that propelled the growth in North America.

Source: DataM Intelligence Analysis (2023)

Slaughtering Equipment Companies and Competitive Landscape

The major global players in the market include Marel, BAD-DER Group, BAYLE SA, Prime Equipment Group, CTB, Brower Equipment, Jarvis Equipment, Industries Riopel, Asena, and Dhopeshwar Engineering Private Limited.

COVID-19 Impact on Slaughtering Equipment Market

COVID-19 Impact

The COVID-19 pandemic has had a significant impact on various industries, and the slaughtering equipment market is no exception. The global supply chain of slaughtering equipment has been disrupted due to restrictions on transportation, border closures, and lockdown measures. The pandemic has resulted in reduced demand for meat products, as people have been staying at home and avoiding restaurants. This has led to a decrease in demand for slaughtering equipment.

Russia-Ukraine War Impact

The ongoing conflict between Russia and Ukraine has had a significant impact on various industries, including the slaughtering equipment market. The conflict has resulted in a disruption of trade between Russia and Ukraine. This has led to delays in the delivery of equipment, and in some cases, equipment being stuck at ports. Due to the disruption of trade between Russia and Ukraine, there has been an increase in the local production of meat products. This has resulted in an increased demand for local slaughtering equipment.

Key Developments

• In April 2023, Marel, a supplier of cutting-edge processing equipment and services to the meat, poultry and seafood industries, is happy to report that it has signed an asset acquisition agreement to buy all of the operating assets of E+V Technologies, a major supplier of cutting-edge vision systems for the meat and poultry industries.
• In July 2022, Marcel supplier of cutting-edge processing equipment and services to the meat, poultry and seafood industries, announced that it will acquire Sulmaq, a Brazil-based meat primary processing equipment provider. The acquisition will strengthen Marel's position in the expanding Central and South American markets for beef and pork and guarantee improved access to those markets.
• In 2021, Pro Falcons Machinery manufacturers introduced a new automatic chicken machine that is Suitable for the meat and poultry processing industries.

Why Purchase the Report?

• To visualize the global Slaughtering Equipment - market segmentation based on equipment type, livestock, process type, automation and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of the slaughtering equipment market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Slaughtering Equipment Market Report Would Provide Approximately 69 Tables, 71 Figures and 200 Pages.

Target Audience 2023

• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies