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, 2022-2029.
The Global Slaughtering Equipment Market is expected to grow at a high CAGR of 5.3% during the forecasting period (2022-2029).
The Slaughtering equipment is the instrument that is used in the processing of various animal meats. The market for slaughtering equipment is estimated to witness steady growth during the forecast period.
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 market for Slaughtering equipment.
Protein is a growing area of nutritional interest and meat is still the leading protein-rich food for consumers. According to the recent surveys conducted in the U.S. indicates that consumers’ concerns about fat, sodium, and carbohydrates in foods have decreased somewhat in past years.
Thus the growing demand for protein food in the U.S. is increasing the need for processed meats and thereby boosting the market for Slaughtering equipment market.
Market consolidation of the slaughtering industry can be a barrier to the growth of the Slaughtering Equipment Market. The Slaughtering sector is consolidated for the last two decades, which had a relative effect on the Slaughtering Equipment market.
The leading Slaughterhouses process a large number of livestock with their high production capacity slaughtering equipment which results in the low cost of production per unit when compared to the small and local slaughterhouses.
The Global Slaughtering Equipment market segments the market by type, livestock, automation, and process type. By nature, the section includes Stunning, Killing, Cut-up, Deboning, Skinning & Trimming, Evisceration, and Others.
Based on the livestock, the market consists of Poultry, Bovine, Swine, Seafood, and Others. Poultry is the leading segment in sheep. It is because of the vast consumption of poultry meats globally. Turkey is the most consumed meat among all the different types of meat, because of this fact the Slaughtering equipment for poultry has the highest market share.
Poultry meat consumption accounted for more than 50% of the total meat consumption in the U.S. from 2014 to 2018. Broilers are the most consumed category in Poultry followed by Turkey. The majority of the large-scale poultry meat producers use Fully Automated slaughter-ing equipment for high scale production.
By automation, the market can be segmented as Semi-Automated and Fully Automated. The process type segment includes Line Slaughter, Batch Slaughter, and Small-sized slaughter.
The market report is segmented based on geography which includes North America, South America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the maximum market share was owing to the growing consumption and demand for processed meat.
The innovative and technological advancements in slaughtering equipment are also a significant factor that propelling the growth in North America.
Asia-Pacific is anticipated to be the fastest-growing region for Slaughtering Equipment owing to the high population growth, the rise in meat consumption, and an increase in awareness regarding meat products. The APAC region is witnessing a high use of meat and meat-based products primarily from the urban areas, and this is driving the market for processed meat which in turn is boosting the demand for Slaughtering Equipment.
Market Competition Size
Some of the key players in the Global Slaughtering Equipment market include Marel, BAD-DER Group, BAYLE SA, Prime Equipment Group, CTB, Brower Equipment, Jarvis Equipment, Industries Riopel, Asena, and Dhopeshwar Engineering Private Limited.
Companies are offering innovative and advanced slaughtering equipment to be competitive in the market.