Meat processing equipment market to reach $16.22B by 2025
Notable investments by companies to improve processing technology is presumed to increase equipment sales.
The global meat processing equipment market is expected to reach $16.22 billion by 2025, according to a new report by Grand View Research, Inc., San Francisco, exhibiting a CAGR of 6.2% during the forecast period.
Increased purchasing power due to rising per capita income is expected to boost industry growth. In addition, factors such as growing number of slaughterhouses, improved packaging strategies and introduction of ready-to-eat meals are expected to benefit market growth.