What's New ? - 2025

What's New ? - 2025

Global meat and poultry equipment market to hit $19.8B by 2029

22 January, 2025

According to a report by The Business Research Company, the global meat and poultry processing equipment market has demonstrated strong growth in recent times and is expected to maintain this trend. The market size is projected to increase from $12.73 billion in 2024 to $13.89 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.1%. This growth can be attributed to factors such as rising industrialization, urbanization, food safety regulations, sustainability initiatives, and efficiency improvements. Future forecasts indicate that the market will reach $19.8 billion by 2029, with an anticipated CAGR of 9.3%.
Key drivers of this growth include an increased emphasis on food safety and hygiene, a rise in demand for processed foods, the adoption of sustainable processing practices, flexibility in customization, and the expansion of markets in developing regions.