30-Dec-2019 | Zion Market Research
Several key contenders in the global meat processing equipment market are focused aggressively to hold the market’s significant share. Some of the dominating companies in the market are Prime Equipment Group, Inc., Mepaco, Bettcher Industries, Inc, Duravant, BIRO® Manufacturing Company, BAADER, A-One Manufacturing LLC, Marel, Stephan Machinery GmbH, Marlen International, Lyco Manufacturing, Inc, and BANSS. The demand for processed meat foods is quite high in developed economies. Therefore, the key market contenders are opting for fast & automated equipment for the food processing tasks.
As per the Zion Market Research (ZMR)-conducted analytical research, the capitalization of the global meat processing equipment market in 2015 was over US$ 9,441.8 Million, which is expected to surge and surpass US$ 14,490.6 Million by 2021. The anticipated CAGR during the forecast period of six years is over 7.4%.
This review is based on the latest report released by ZMR, titled “Meat Processing Equipment Market by Meat Type (Duck Meat, Chicken Meat, Turkey Meat and Others), By Equipment (Killing & Defeathering, Cut-Up, Evisceration, Deboning & Skinning, Marinating & Tumbling and Other Equipment): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”- Report at https://www.zionmarketresearch.com/report/meat-processing-equipment-market
Tech Advancement In The Meat Processing Equipment To Propel The Global Market
ZMR analysts claim that the key reason behind the remarkable boost in the meat processing equipment market is the rising demand for meat because of its high nutritional content. Moreover, the global market is stimulated by the establishment of major industries generating automated tools rather than conventional equipment. Meat is a perishable product and to extend its shelf-life, the processing is mandatory. On the contrary, handling, operating, maintenance, and purchase of the costly automated devices might constrain the global meat processing equipment market growth.
However, several large-scale industries are focused to develop automated equipment to cope with the exorbitant labor cost and high productivity. This inclination is likely to impel the global meat processing equipment market development in the coming years. Surging technical advancements in the manufacturing of equipment are also one of the causes to drive the global market. For example, earlier last year, GEA Group commercially launched RAY™ PP batch freeze dryers. The dryers are suitable for processing small batches of food products such as fruits, vegetables, seafood, herbs, meat, and coffee among others, thus propelling the global market.
Rising Secondary Earnings To Impel The Market In Asia Pacific
Earlier, North America and Europe dominated the global meat processing equipment market. The meat demand in the US has been huge, as it is used as a staple food in these regions. However, UK citizens prefer beef and pork as chief food. The Asia-Pacific market is tremendously growing for the meat processing equipment and is likely to sustain its leading position in the market. The major cause behind the Asia Pacific market expansion is the rising meat requirement and increasing discretional income in the region.
This report segments the meat processing equipment market as follows:
Meat Processing Equipment Market: Meat Type Segment Analysis
Meat Processing Equipment Market: Equipment Type Segment Analysis
Meat Processing Equipment Market: Regional Segment Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651