— Allied Market Analysis
PORTLAND, OREGON, UNITED STATES, October 23, 2023 /EINPresswire.com/ — Allied Market Analysis not too long ago revealed a report, titled, “Asia-Pacific Meat Processing Equipment Market by Sort (Chopping Equipment, Mixing Equipment, Filling Equipment, Tenderizing Equipment, Dicing Equipment, Grinding Equipment, Smoking Equipment, Massaging Equipment, and Others), Utility (Recent Processed Meat, Precooked Meat, Uncooked Cooked Meat, Cured Meat, Dry Meat, Uncooked Fermented Sausages, and Others) and Meat Sort (Processed Pork, Processed Beef, and Processed Mutton): Alternative Evaluation and Trade Forecast, 2019 – 2026.”
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Trade Key Gamers
Asia-Pacific meat processing gear market report consists of an all-inclusive evaluation of the most important market gamers within the area, together with GEA Group Aktiengesellschaft, Illinois Software Works Inc. (Hobart), Siemens AG, Warmth and Management, Inc Equipamientos Crnicos, S.L. (Mainca), The Middleby Company, Marel hf., Key Expertise, Inc., JBT Company, and Welbilt, Inc. They’ve adopted numerous methods similar to mergers & acquisitions, collaborations, partnerships, and others to achieve a robust place within the trade.
Asia-Pacific meat processing gear market was estimated at $3012 million in 2018 and is anticipated to garner $5936 million by 2025, rising at a CAGR of 8.8% from 2019 to 2026.
Progress Drivers and Trade Tendencies
Excessive-end technological developments, rise in consumption of meat, and enhance in demand for packaged meals have fueled the expansion for Asia-Pacific meat processing gear market. Alternatively, excessive prices related to equipment and a number of other restrictions & rules in meat processing have curbed the expansion to some extent. Nevertheless, with security assured with meat-cutting machineries, a number of alternatives have been created within the phase.
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Segmentation Evaluation of the Trade
By kind, the slicing phase accounted for greater than one-fifth of the whole market in 2018 and is anticipated to keep its prime standing all through the forecast interval. As the commonest processing gear used within the meals trade, the phase can also be anticipated to develop at the best CAGR of 9.9% all through 2019-2026.
Based mostly on meat kind, the processed pork phase held the lion share in 2018, contributing to two-third of the whole market in 2018 and is assumed to dominate until 2026. That is due to excessive consumption of pork in nations similar to China, South Korea, Australia, and Philippines. As well as, westernization of meals tradition in nations similar to China, South Korea, India, and others has additionally pushed the expansion.
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Based mostly on area, China has come out as the most important contributor in phrases of income. The large meat consuming inhabitants base within the nation has spurred the expansion.
David Correa
Allied Market Analysis
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Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
