|DUBLIN, Oct. 10. 2014 /PRNewswire/ — Research and Markets has announced the addition of the “Global Meat Processing Equipment Market 2014-2018” report to their offering.
Meat processing equipment is generally used in the transformation of raw ingredients into ready-to-eat meat or into other forms. Meat processing involves the use of a variety of applications on raw meat to convert it to the required form. This equipment facilitates toxin removal, preservation, eases marketing and distribution tasks, and also increases meat consistency. Processed meat has several advantages such as increased taste, low risk of meat-borne diseases, increased life span, and a high degree of portability. There are various types of meat processing equipment that are designed to meet the specific requirements of end-users.
The analysts forecast the Global Meat Processing Equipment market will grow at a CAGR of 7.23 percent over the period 2013-2018.
Covered in this Report
The Global Meat Processing Equipment market can be divided into eight segments: Cutters, Blenders, Tenderizing Equipment, Grinding Equipment, Massagers, Smoking Machines, Filling Machines, and Dicing Machines. These are the major sets of products used in meat processing.
The report, the Global Meat Processing Equipment Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, and the APAC region; it also covers the Global Meat Processing Equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The Global Meat Processing Equipment market has numerous opportunities for mergers and acquisitions. Many vendors are expected to acquire small and domestic suppliers during the forecast period to increase their market share, which will help them to enhance their distribution channels and improve their market reach. The increase in mergers and acquisitions is expected to compel meat manufacturers to automate their meat processing! plants with high-end processing equipment. Hence, the increase in mergers and acquisitions is expected to help in the growth of the Global Meat Processing Equipment market during the forecast period.
According to the report, the increasing consumption demand for processed foods is one of the main drivers. The increasing global population and inclination toward protein-rich processed food products are the main reasons for the increasing demand for processed foods.
Further, the report states that the increase in food prices is one of the main challenges. The high inflation rates in many developing and developed economies has increased the food prices, thereby slowing the pace of adoption of the equipment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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