Description

The global Meat Processing Equipment Market is expected to grow at a CAGR of 7% during the forecast period 2022 to 2028. Meat which is modified in order to enhance taste or to improve its shelf life is known as processed meat. Meat processing consists of various steps and procedures such as salting, curing, fermenting and smoking. During meat processing process the meat is treated chemically or physically so as to make it desirable. These procedures may vary based upon the regional variations and animal origin. Generally, meat process includes pork and beef, but sometimes poultry is included. Rising trend of private label processed meat products, adoption of ready to cook and convenience foods trends are witnessed to make new strides in Global market. Market players are focused on the APAC region by adopting inorganic growth strategies to enhance market share and expand their geographical presence. Major companies are coming up with improvised and innovative technologies in meat processing equipment in order to meet the requirements of the consumers by improving the standards and quality of the meat products. Favourable government initiatives contribute to the growth of meat processing equipment market. For instance, Government of India taken few initiatives in Union Budget 2017-2018 by releasing fund worth of $1.2Bn in order to improve the meat processing sector and to support the growth of the sector. Because of consumer lifestyle changes and preferences, the meat processing equipment market is expected to grow in demand. Furthermore, the industry is being driven by an increase in demand for packaged foods and processed meat products, as well as an increase in demand for food safety. Meat processing equipment is custom-made to meet the needs of each individual customer. Toxins are removed and meat consistency is improved with this technology. Meat processing equipment is in high demand due to the continued dominance of meat-based culture in many countries. Furthermore, the increase in meat trade flow has boosted demand for processed meat with long durability and shelf life, which is likely to drive the meat processing equipment market forward.

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