The global slaughtering equipment market is growing significantly owing to the growth of the fast food and restaurant chains and technological advancements in the slaughtering equipment industry. Various multinational fast food chains are expanding their operations across the globe. These sectors require pre-processed meat products in order to serve their customers in time and to ensure adherence to strict food safety and hygiene guidelines. The mechanization and automation of processes have become a necessity in order to maintain standard cut-up size and identical fillet size, which are a pre-requisite in the fast food and restaurant businesses. In terms of safety and sustainability measures, technological advancements and innovations either find lack of acceptance or find new growth opportunities. Advancements such as automation and electrical stunning demonstrate that the slaughtering industry is one of the strongest fields in leading innovation, sustainability, and safety.

The key players in the slaughtering equipment market include the following:

The market for slaughtering equipment is projected to reach USD 8.28 billion by 2023, at a CAGR of 4.56% during the period 2017 to 2023. The Asia Pacific region accounts for a substantial portion of the global demand for slaughtering equipment due to the rise in meat consumption, population growth, and increase in awareness about quality and hygienic meat products in the region. It is the largest producer and exporter of meat products, thereby driving the demand for slaughtering equipment.

The slaughtering equipment market has been segmented on the basis of automation into fully automated line and semi-automated line. The fully automated line segment is projected to grow at a higher CAGR from 2018 to 2023. Swine, poultry, bovine, and fish meat producers are increasingly using automated equipment to control the complete process from stunning to deboning and packaging. This slaughtering equipment automatically transfers the meat to the next processing step to produce the end meat product. It is widely used slaughterhouses as the fully automated line has various benefits which include increased production rate, inventory tracking, increased operator efficiency, and high-speed process monitoring.

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In terms of value, Asia Pacific is projected to be the fastest-growing region for the slaughtering equipment market during the forecast period, as China and India have witnessed substantial growth in the slaughtering equipment market in the region.