| Product Code: ETC384804 | Publication Date: Aug 2023 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India slaughtering equipment market import shipment demonstrated robust growth with a notable CAGR from 2020 to 2024. The growth rate between 2023 and 2024 surged significantly, indicating accelerating momentum. The market expanded consistently over the period, reflecting a strong upward trend in demand for slaughtering equipment imports.
The slaughtering equipment market in India was valued at US$318 million and is anticipated to reach US$381 million over the coming years, exhibiting a CAGR of 3.6% during the forecast period. The high demand for meat & poultry products has resulted in an increased number of commercialization and industrialization ventures in this industry, leading to significant investments from regional players as well as global corporations into efficient slaughtering processes such as electrical stunning. Furthermore, increasing research activities conducted by various universities and organizations are likely to create potential opportunities for new entrants into the market.
The India Slaughtering Equipment market has been experiencing significant growth due to various drivers. The increasing demand for processed meat products and poultry has led to a rise in the number of slaughterhouses and meat processing facilities, driving the demand for slaughtering equipment. Additionally, the growing awareness about hygiene and food safety standards has prompted the adoption of modern and efficient slaughtering practices. The introduction of technologically advanced equipment, such as automated processing lines, has improved operational efficiency and reduced labor costs for meat producers. Moreover, government regulations and industry guidelines emphasizing animal welfare and humane slaughtering practices have led to the adoption of modern equipment designed to minimize stress and discomfort to animals during the slaughter process.
The slaughtering equipment market in India faces several challenges related to modernization and compliance with animal welfare standards. Many slaughterhouses in India still rely on outdated and inefficient manual methods, leading to lower productivity and hygiene concerns.The adoption of automated and modern slaughtering equipment requires substantial investments, which might be challenging for smaller or traditional slaughterhouse operators. Additionally, strict regulations and public concerns about animal welfare and ethical practices add complexity to the adoption of new equipment and practices.Moreover, the slaughtering equipment market must address cultural and religious sensitivities surrounding animal slaughter in India. Adhering to specific religious practices and ritual requirements can limit the applicability and acceptance of certain types of slaughtering equipment.
The COVID-19 pandemic had a significant impact on the India slaughtering equipment market. The closure of meat processing plants and abattoirs during lockdowns disrupted the supply chain and reduced equipment installations. However, the demand for automated slaughtering equipment increased due to concerns about worker safety and hygiene. The market also witnessed a shift towards smaller, decentralized slaughterhouses to ensure food supply resilience during future crises.
The India slaughtering equipment market is served by companies specializing in the manufacturing and supply of machinery for the meat processing industry. Key players in this market include Marel, Banss, Prime Equipment Group, and Jarvis Equipment Pvt. Ltd.