Meat Processing Equipment Market Surpassed the USD 9.6 Bn Mark in 2016, States M&M in Its New Report Published at MarketPublishers.com
01 Dec 2016 • by Natalie Aster
LONDON – The global market for meat processing equipment surpassed the USD 9.6 billion mark as of 2016. It is not the final size of this marketplace, as it is forecast to grow at a 7% CAGR in the offing. Its value is expected to be just under USD 15 billion by 2022.
A number of factors favor the growth and the rise in the demand for processed meat in the first one worth mentioning. Safety regulations are one more important driver/
Still costs of logistics and raw materials are increase, thus restraining growth of this marketplace.
But the marketplace has good growth opportunities in APAC and RoW since they are currently untapped.
The smoking equipment segment leads the world’s space on the basis of the equipment type. Tenderizing and filling equipment are also in the top three.
Processed beef is set to be the swiftest growing segment globally in the coming years.
The U.S. is not only the largest country market in North America, but also in the world.
APAC and RoW are set to be the fastest growing markets globally in the offing thanks to a high adoption rate of meat processing equipment in the food processing field. Brazil and China will lead the race in APAC, while South Africa will be a leading player in RoW.
New research report “Meat Processing Equipment Market - Global Forecast to 2022” developed by M&M provides an up-close look at the worldwide market for food processing equipment. The study offers a bird’s eye view of this marketplace.
It scrutinizes the dynamics of the global space by shedding light on drivers, opportunities, restraints, and more. The report examines the marketplace on the basis of a set of factors: product types, regions, meat types, etc.
The research study canvasses the competitive landscape and delves deep into the competitive situation as well as trends. It profiles leading companies and contains detailed predictions of the market development in the offing.
More new reports by our research partner are available at M&M page.