According to the current analysis
of Reports and Data, the global Slaughtering
Equipment market was valued at USD 6.75 Billion in 2018 and is expected
to reach USD 9.48 Billion by year 2026, at a CAGR of 4.3%. 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.
Dry conditions in some parts of
the globe affect the livestock which in turn affects the overall meat
processing industry as well as the 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. Process automation has become a necessity for the
success of this market today as it makes the process of slaughtering more
efficient and less susceptible to infections. Also, it ensures standard cut-up
size and identical fillet size. Mergers, acquisitions and focused investments
are being witnessed and development opportunities in the emerging economies are
readily being exploited by the top market players.
To identify the key trends in
the industry, click on the link below:
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.
- The bovine slaughter category has witnessed a
relatively slower growth over the years because the segment is subjected
to many religious and ethical arguments from various segments of people.
- The deboning and skinning segment, by type, is also
expected to register a modest CAGR during the forecast period. This is
because optimal use of the waste products of slaughtering process is
becoming extremely important.
- By region, North America is the largest market for
slaughtering equipment globally. This is because of the early
establishment of market players in the region and an increasingly advanced
food processing mechanism.
- Asia Pacific is expected to register the highest CAGR
during the period of forecast. The market is growing in this region due to
a dense consumer base for processed meat products and an increasing
standardization of food equipment in the region. Another factor helping
the growth of the region is the increasing awareness about protein
consumption in countries like China and India amongst other countries.
This has led to a rising demand for chicken and other types of meats in
this region, thus propelling the demand for slaughtering equipment in this
region.
- Key players in the market include 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
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