According to a recent FMI report, the global bacon slicers market is expected to grow at a CAGR of 8.8% during 2023 to 2033. The bacon slicers market is projected to reach a valuation of US$ 508.6 Mn in 2023. It is anticipated to be valued at US$ 1,182.1 Mn by 2033.
The bacon slicer market is a mature industry that is undergoing a period of change because of rising demand for better food safety, sustainability, and quality from consumers worldwide. As per FMI, a market research and competitive intelligence provider, over the past half-decade, the global bacon slicer market has exhibited steady growth owing to increased application of the product in the meat processing industry.
Governments of various countries are helping bacon slicers manufacturers to produce bacon slicers at a large scale by providing subsidies and interest-free loans to support meat processing and related industries. Automation and innovation in the meat processing industry have cut down costs.
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Consumers nowadays are increasingly demanding ready-to-cook and ready-to-eat meat products with better quality and taste. Increasing consumer awareness regarding the convenience of meat products and entry of a large number of local manufacturers are projected to bode well for the bacon slicers market in the next ten years.
Key Takeaways from the Bacon Slicers Market Study:
- 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 Mn during the forecast period.
- The bacon slicer market in the U.K. is set to create an incremental opportunity worth roughly US$ 35.8 Mn, 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 Mn in the forecast period.
- Latin America is also expected to be valued at around US$ 91.5 Mn in the global bacon slicers market during the assessment period.
“Demand for automatic bacon slicers is projected to surge at a rapid pace 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: Bacon Slicers Market
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. 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 slicer 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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