Vitamin D Market - Global Forecast to 2025 Slaughtering Equipment Market | Page 4

The poultry segment, by livestock, is estimated to be the largest segment in 2018.
The poultry segment is estimated to account for the largest market share in 2018. Over the
last five years, the demand for poultry has been growing significantly worldwide as poultry
meat is universally consumed, and unlike beef and swine, is devoid of any religious
constraints, which leads to an increase in demand for poultry slaughtering equipment such as
killing, cut-up, deboning & skinning, and evisceration equipment.
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The Asia Pacific market is projected to grow at the highest CAGR from 2018 to 2023.
The Asia Pacific region witnesses a high consumption of meat in urban areas; the increase in
demand for processed meat products drives the growth of the market for slaughtering
equipment in the region. The market for slaughtering equipment in the Asia Pacific region is
projected to be the fastest-growing globally, as economic growth and rapid urbanization
increased the demand for slaughtering equipment among meat producers to meet the
increasing demand of meat products in the region.