The global bacon slicers market is anticipated to expand between 2023 and 2033 at a CAGR of 8.8%, according to a recent FMI report. In 2023, the bacon slicers market is anticipated to be worth US$ 508.5 million. By 2033, it is projected to be worth US$ 1,182.1 Million.
The global consumer demand for better food safety, sustainability, and quality has caused the mature industry of bacon slicers to go through a period of change. According to FMI, a provider of market research and competitive intelligence, the market for bacon slicers has grown steadily over the past five years due to increased use of the product in the meat processing sector.
Governments from various nations are assisting manufacturers of bacon slicers.By offering subsidies and interest-free loans to support the meat processing and associated industries, manufacturers are able to produce bacon slicers on a large scale. Costs in the meat processing industry have decreased thanks to automation and innovation.
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Consumers nowadays are increasingly demanding ready-to-cook and ready-to-eat meat products with better quality and taste. Increasing consumer awareness regarding the convenience of meat products and entry of a large number of local manufacturers are projected to bode well for the bacon slicers market in the next ten years.
Key Takeaways:
- During the historical period from 2017 to 2021, the global bacon slicers market exhibited steady growth at a CAGR of 5%.
- The bacon slicers market in the U.S. is set to be valued at around US$ 131.4 Million during the forecast period.
- The bacon slicer market in the U.K. is set to create an incremental opportunity worth roughly US$ 35.8 Million, accounting for 22% of the Europe market in the next ten years.
- The China bacon slicers market is estimated to be worth over US$ 29.3 Million in the forecast period.
- Latin America is also expected to be valued at around US$ 91.5 Million in the global bacon slicers market during the assessment period.
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“Demand for automatic bacon slicers is projected to surge at a rapid pace in the next ten years with ever-increasing demand for pork-based food products, especially in the U.S., U.K., China, and Japan,” says a lead analyst at Future Market Insights.
Competitive Landscape:
C.R.M. s.r.l., Maja-Maschinenfabrik Hermann Schill GmbH, Food Technology Thielemann, NOCK Maschinenbau GmbH, and MINERVA OMEGA GROUP North America are some of the leading companies present in the global bacon slicer market. Increasing popularity of convenience food items is anticipated to encourage key companies to come up with innovative products to expand their existing portfolios.
Get Valuable Insights into Bacon Slicers Market
FMI, in its new offering, provides an unbiased analysis of the bacon slicer market presenting historical demand data (2017-2021) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for bacon slicer based on product type (horizontal and vertical bacon slicer) and technology (automatic and semi-automatic) across major regions.
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Bacon Slicers Market Outlook by Category:
By Product Type:
- Horizontal Slicers
- Vertical Slicers
By Technology:
- Automatic Bacon Slicer
- Semi-automatic Bacon Slicer
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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