The butcher equipment market is anticipated to cross a valuation of US$ 4,768.3 Million in 2033. It is estimated to showcase growth at a CAGR of 4.4% between 2023 and 2033.
Increasing investments by key players and government agencies in the automation of meat processing machinery in various countries such as the U.S., Germany, the U.K., and India are expected to drive the need for advanced butcher equipment. Strict norms associated with transport, trading, and selling of meat under controlled conditions to prevent spoilage is another factor boosting the market.
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Additionally, it is anticipated that the urgent need to maintain the nutritional value of meat and meat products will support market expansion. Rising research and development (R&D) efforts to create novel technologies, such as the incorporation of chopping, blending, and grinding equipment, are expected to propel growth.
Companies are nowadays developing only one machine for operating multiple tasks at once to maintain hygiene levels and save overall transfer costs. Besides, cutting-edge butcher equipment is increasingly finding applications in several fast-food outlets across the globe to cater to rising consumer demand.
Famous fast-food restaurants like Taco Bell, KFC, McDonald’s Corporation, and Domino’s are growing their operations in numerous nations around the world, which is driving up the demand for new machinery. Strict rules are being implemented by governments around the world to maintain the safe transportation of food for humans and animals.
Key Takeaways from the Butcher Equipment Market Study:
- The global butcher equipment market exhibited steady growth at a CAGR of 2% during the historical period (2018-2022).
- The butcher equipment market in the U.S. is set to be worth US$ 801 Million and account for a share of nearly 68% in North America during the forecast period.
- The U.K. butcher equipment market is anticipated to create an absolute dollar opportunity of US$ 218.2 Million during the evaluation period.
- The China butcher equipment market is set to be worth around US$ 178.6 Million and generate 32% of share in Asia Pacific in the next ten years.
- The global butcher equipment market is expected to rise at a CAGR 4% in the forecast period.
“Key players are launching state-of-the-art food processing techniques to govern smooth transportation of semi-processed and processed food items, including meat. It is expected to lead to the development of unique butcher equipment, thereby driving the market,” says a lead analyst at Future Market Insights.
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Competitive Landscape: Butcher Equipment Market
Key players present in the global butcher equipment market include GEA Group, JBT Corporation, Marel, Illinois Tool Works, and Bettcher Industries. North America currently holds the largest market share, and this region is expected to continue to expand during the projection period.
This can be mainly attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America butcher equipment market is expected to increase in the next ten years due to the presence of a favorable legal and regulatory environment.
Get More Valuable Insights into Butcher Equipment Market
FMI, in its new offering, provides an unbiased analysis of the butcher equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for butcher equipment based on product type (slicing equipment, smoking equipment, tenderizing equipment, massaging equipment, filing equipment, grinding equipment, cutting equipment), application (fresh processed meat, raw cooked meat, pre-cooked meat, raw fermented meat, cured meat, dried meat) across seven major regions.
Butcher Equipment Market Outlook by Category
By Product Type:
- Cutting Equipment
- Grinding Equipment
- Slicing Equipment
- Smoking Equipment
- Tenderizing Equipment
- Massaging Equipment
- Filing Equipment
By Application:
- Fresh Processed Meat
- Raw Cooked Meat
- Pre-cooked Meat
- Raw Fermented Meat
- Cured Meat
- Dried Meat
By Region:
- North America
- Europe
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa
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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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