Global Meat Processing Equipment Market Analysis 2014-2018
From PR Newswire
Research and Markets has announced the addition of the “Global Meat Processing Equipment Market 2014-2018” report to their offering. The report has been prepared based on an in-depth market analysis with inputs from industry experts. It covers North America, Europe, and the APAC region; it also covers the Global Meat Processing Equipment market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The analysts forecast the Global Meat Processing Equipment market will grow at a CAGR of 7.23% over the period 2014-2018. Many vendors are expected to acquire small and domestic suppliers during the forecast period to increase their market share, which will help them to enhance their distribution channels and improve their market reach. The increase in mergers and acquisitions is expected to compel meat manufacturers to automate their meat processing plants with high-end processing equipment. Hence, the increase in mergers and acquisitions is expected to help in the growth of the Global Meat Processing Equipment market during the forecast period.
According to the report, the increasing consumption demand for processed foods is one of the main drivers. The increasing global population and inclination toward protein-rich processed food products are the main reasons for the increasing demand for processed foods.
Further, the report states that the increase in food prices is one of the main challenges. The high inflation rates in many developing and developed economies has increased the food prices, thereby slowing the pace of adoption of the equipment.