Vitamin D Market - Global Forecast to 2025 Slaughtering Equipment Market | Page 2

The report "Slaughtering Equipment Market by Type (Stunning, Killing, Cut-up, Deboning &
Skinning, Evisceration), Livestock (Poultry, Swine, Bovine, Seafood), Automation (Fully
Automated, Semi-automated), Process Type, and Region - Global Forecast to 2023", The
global slaughtering equipment market is estimated at USD 6.62 Billion in 2018 and is
projected to reach USD 8.28 Billion by 2023, at a CAGR of 4.56% during the forecast period.
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The market is driven by factors such as the growth of fast food and restaurant chains;
increase in demand for processed food; lenient trade policies & increase in meat exports;
and technological advancements in the slaughtering equipment industry. 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. Moreover, slaughtering equipment manufacturers and meat processing
companies are collaborating for enhanced technological advancements, thereby driving the
growth of the slaughtering equipment market.