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Meat and Poultry Processing Equipment Industry on a Trajectory

The industry sector is expected to top $22.3 billion by 2027 due, in part, to a growing demand for flavored products.

Meat And Poultry

According to a new research report by Global Market Insights, increasing demand for packaged meat in developing countries is expected to drive the meat and poultry processing equipment market to more than $22.3 billion by 2027.

The report predicts the global meat and poultry processing equipment industry for beef alone will surpass $6.4 billion by 2027. Significant economic growth in developing countries, along with increasing urbanization, has raised the demand for beef in these areas. In addition, Brazil and Argentina will likely see a rise in demand for beef products.

The report also reveals the following key findings:

·        The global market for chicken is set to register over a 7% CAGR through 2027, owing to the younger generation’s increasing demand for ready-to-eat meat products.

·         Increased demand from restaurants and hotels should accelerate the market.

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