|By PR Newswire||
|March 11, 2014 07:00 PM EDT||
DUBLIN, March 11, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cttvkq/processed_meat) have announced the addition of the "Concise Analysis of the International Processed Meat & Meat Processing Equipment Market - Forecasts to 2018" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
Customer awareness and acceptance regarding the convenience of meat products is an important factor in the growth of the processed meat industry. Globally, the meat processing equipment industry is also witnessing steady growth on account of the increasing demand for a high-quality of processed food, growth in the processed meat industry, and acceptance by the meat products manufacturers to use the mechanization techniques and equipment depending on their availability. The increasing concern about healthy food and food safety is also leading to growth of the market.
Advancements are being made in meat processing equipment development to make them environmentally friendly. These positive attributes of processed meat and meat processing equipment are viewed as excellent business opportunities in the steadily growing meat market. These factors have attracted many multinational meat processors and manufacturers of the meat processing equipment to make a foray into the production and marketing of their products.
The global market for processed meat was $361,568.7 million in 2012 and is projected to reach $799,051.2 million by 2018, growing at the CAGR of 14.3% from 2013 to 2018. The market recorded revenue of $7,656.5 million in 2012. This market is growing with a CAGR of 7.2% from 2013 to 2018, and by 2018 its market is projected to be $11,495.3 million. On a global scale, North American region is the dominating consumer of both, processed meat as well as meat processing equipment. Many important players operating in this market are focusing on the Asia-Pacific region for business expansion as there is an increasing awareness among the meat consumers in this region about the mechanization of the meat processing activity, which has triggered the demand for such equipment.
Key participants in the processed meat market include BRF S.A. (Brazil), Tyson Foods Inc. (U.S.), Cherkizovo Group (Russia), Marfrig Group (Brazil), and Nippon Meat Packers Inc. (Japan). The market is witnessing rapid development in the areas of new product launch and collaborations. Leading companies are focusing on the expansion of their respective business across high-growth regions and setting up new manufacturing plants for increasing production capacities along with broadening of their product line.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Processed Meat - Market Overview
5 Meat Processing Equipment - Market Overview
6 Processed Meat Market, By Types
7 By Product Types
8 By Geography
9 Meat Processing Equipment Market, By Types
10 By Geography
11 Competitive Landscape
12 Company Profiles
13 Competitive Landscape
14 Company Profiles (Overview, Financials, Products & Services, Strategy, And Developments)*
- BRF SA
- Cargill Inc
- Cherkizovo Group
- GEA Food Solutions
- Hormel Foods
- Illinois Tool Works
- John Bean Technologies Corporation
- Key Technology Inc
- Marel HF
- Marfrig Group
- Middleby Corporation
- Nippon Meat Packers Inc
- Sanderson Farms Inc
- Shuanghui International
- Smithfield Foods Inc
- Tonnies Fleisch
- Tyson Foods Inc
- Vion Group
For more information visit http://www.researchandmarkets.com/research/cttvkq/processed_meat
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets
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