NEWARK, Del: The global bacon slicers market is anticipated to expand between 2023 and 2033 at a CAGR of 8.8%, according to a recent FMI report. In 2023, the bacon slicers market will be worth US$ 508.5 Million. By 2033, it is projected to be worth US$ 1,182.1 Million.
The global consumer demand for better food safety, sustainability, and quality has caused the mature bacon slicer industry to undergo a period of change. According to FMI, a provider of market research and competitive intelligence, the market for bacon slicers has grown steadily over the past five years due to increased use of the product in the meat processing sector.
Governments from various nations are assisting manufacturers of bacon slicers. Manufacturers can produce bacon slicers on a large scale by offering subsidies and interest-free loans to support meat processing and associated industries. Costs in the meat processing industry have decreased thanks to automation and innovation.
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Consumers increasingly demand ready-to-cook and ready-to-eat meat products with better quality and taste. Increasing consumer awareness regarding the convenience of meat products and the entry of many local manufacturers are projected to bode well for the bacon slicers market in the next ten years.
Key Takeaways:
- During the historical period from 2017 to 2021, the global bacon slicers market exhibited steady growth at a CAGR of 5%.
- The bacon slicers market in the U.S. is set to be valued at around US$ 131.4 Million during the forecast period.
- The bacon slicer market in the U.K. is set to create an incremental opportunity worth roughly US$ 35.8 Million, accounting for 22% of the Europe market in the next ten years.
- The China bacon slicers market is estimated to be worth over US$ 29.3 Million in the forecast period.
- Latin America is also expected to be valued at around US$ 91.5 Million in the global bacon slicers market during the assessment period.
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“Demand for automatic bacon slicers is projected to surge rapidly in the next ten years with ever-increasing demand for pork-based food products, especially in the U.S., U.K., China, and Japan,” says a lead analyst at Future Market Insights.
Competitive Landscape:
C.R.M. s.r.l., Maja-Maschinenfabrik Hermann Schill GmbH, Food Technology Thielemann, NOCK Maschinenbau GmbH, and MINERVA OMEGA GROUP North America are some of the leading companies present in the global bacon slicer market. The increasing popularity of convenience food items is anticipated to encourage key companies to come up with innovative products to expand their existing portfolios.
Get Valuable Insights into Bacon Slicers Market
FMI, in its new offering, provides an unbiased analysis of the bacon slicer market presenting historical demand data (2017-2021) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for bacon slicers based on product type (horizontal and vertical bacon slicer) and technology (automatic and semi-automatic) across major regions.
Bacon Slicers Market Outlook by Category:
By Product Type:
- Horizontal Slicers
- Vertical Slicers
By Technology:
- Automatic Bacon Slicer
- Semi-automatic Bacon Slicer
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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The post Bacon Slicers Market is Projected to Reach US$ 1,182.1 Million by 2033, at a CAGR of ~8.8% through 2033 | Future Market Insights, Inc. appeared first on Future Market Insights.
