Tuesday, October 10, 2023

Meat Cutting Machine Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2033

 The global market for meat cutting machines is poised for substantial growth, with a projection to increase from US$ 687.5 million in 2023 to US$ 749 million by 2033. This growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) of 8.8% throughout the forecast period from 2023 to 2033. The increasing demand for meat-cutting machines in various sectors, including meat processing industries, restaurants, slaughterhouses, and households, is a key driver of this global trend.

Throughout history, humans have used tools made from stones and metals to carve meat into manageable pieces. However, the use of sharp implements like knives has been associated with an increased risk of workplace injuries. This concern has driven innovation in meat-cutting technology, leading to the development of sophisticated machinery such as meat grinders, meat shredders, meat slicers, meat mincers, and meat dicers. These advancements not only enhance efficiency but also contribute to the safety of workers.

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Across diverse end-use industries, a range of machines including meat shredders, grinders, saws, slicers, mincers, dicers, and tenderizers are witnessing heightened utilization. This trend is driven by the desire to curtail labor expenses and enhance overall productivity.

These machines facilitate the transformation of meat into diverse formats, aligning with consumer dietary needs. The swift consumption of processed food items and the growing embrace of automation in food production sectors will sustain the upward trajectory of meat cutting machine sales in the projected period.

Notable Insights from the Meat Cutting Machine Market Analysis:

  • In terms of equipment segmentation, the meat slicers category constitutes a substantial portion of the global meat cutting machine market.
  • In the realm of automation categorization, the fully automatic segment is poised to exhibit a more pronounced Compound Annual Growth Rate (CAGR) over the upcoming decade.
  • The meat cutting machine market in North America is anticipated to undergo expansion at a commendable CAGR of 7% from 2023 to 2033.
  • China's market for meat cutting machines is predicted to witness growth with a CAGR of approximately 4% in the forthcoming decade.
  • Anticipated growth is also foreseen in the demand for meat cutting machines in Germany, projected to achieve a CAGR of roughly 7% within the period spanning from 2023 to 2033.

“Rising Need for improving productivity across food processing and food services sectors is expected to boost the demand for meat cutting machines during the forecast period. Besides this, increasing non-veg population worldwide will bode well for the market,” says a lead analyst at Future Market Insights.

Who is Winning?

JBS USA Holdings Inc., Tyson Foods Inc., Cargill Meat Solution Corp., SYSCO Corp., Smithfield Foods Inc. are some of the top players operating in the global meet cutting machine market. These players are focused towards upgrading their portfolios by introducing new and advanced meat cutting machines with user friendly features.

FMI, in its new offering, provides an unbiased analysis of the Meat Cutting Machine market presenting historical demand data (2018-2023) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Meat Cutting Machines based on Equipment (Meat Shredder, Meat Grinder, Meat Saw, Meat Slicers, Meat Mincer, Meat Dicer, and Meat Tenderizer), Automation Grade (Manual, Semi-Automatic, Fully-Automatic) by End User (Meat processing Industries, Restaurants, Slaughter Houses, Household, Caterers) across five major regions.

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Meat Cutting Machine Market by Category:

By Equipment:

  • Meat Shredder
  • Meat Grinder
  • Meat Saw
  • Meat Slicers
  • Meat Mincer
  • Meat Dicer
  • Meat Tenderizer

By Automation:

  • Manual
  • Semi-Automatic
  • Fully-Automatic

By End User:

  • Meat processing Industries
  • Restaurants
  • Slaughter Houses
  • Household
  • Caterers

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

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