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2019
Asia-pacific Meat Processing Equipment Market

Asia-Pacific Meat Processing Equipment Market by Type (Cutting Equipment, Blending Equipment, Filling Equipment, Tenderizing Equipment, Dicing Equipment, Grinding Equipment, Smoking Equipment, Massaging Equipment, and Others), Application (Fresh Processed Meat, Precooked Meat, Raw Cooked Meat, Cured Meat, Dry Meat, Raw Fermented Sausages, and Others) and Meat Type (Processed Pork, Processed Beef, and Processed Mutton): Opportunity Analysis and Industry Forecast, 2019 - 2026
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A04681
Pages: 188
Mar 2019 | 7772 Views
Author(s) : Sanjivan Gill, Ravi Kiran & Onkar Sumant
Tables: 71
Charts: 59
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Asia-pacific Meat Processing Equipment Market outlook - 2026

The Asia-Pacific meat processing equipment market was valued at $3012 million in 2018, and is estimated to reach at $5936 million by 2026, registering a CAGR of 8.8% from 2019 to 2026.

Meat processing is a series of pre-defined steps employed in the extension of shelf-life of meat. The procedure mainly focuses on reduction of enzyme activity in meat prevention of spoilage by microorganisms and others. The machines/equipment used across the value chain of value chain are termed as meat processing equipment. These equipment are different based on the steps in which they are employed. Meat processing involves steps such as cutting, dicing, tenderizing, mixing, and others, and similarly different equipment such as grinders, mixers, cutting equipment, tenderizers, and others are used. These equipment are used for cutting the meat into desirable size, changing the texture of the meat, smoking the meat, and others. Meat processing is applied for the production of various products such as fresh processed meat, precooked meat, raw cooked meat, cured meat dry meat, raw fermented meat, and others. Based on the type of meat there are different products such as processed pork, processed beef, processed mutton, and others available in the Asia-Pacific meat processing equipment market.

The Asia-Pacific meat processing equipment market growth is attributed to factors such as rise in the consumption of meat and surge in demand of processed food. In addition, recent technological advancements and westernization of the food eating habits in the Asia-Pacific countries, is expected to fuel the growth of the market. Conversely, high cost of meat processing equipment impedes the growth of the market during the Asia-Pacific meat processing equipment market forecast period. However, surge in focus on safety related to operating equipment will serve as an opportunity in the Asia-Pacific meat processing equipment market during the forecast period.

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Asia-pacific Meat Processing Equipment Market Segmentation

The Asia-Pacific meat processing equipment market is segmented based on equipment, application, meat type, and country. Based on equipment, the market is divided into cutting, blending, filling, tenderizing, dicing, grinding, smoking, massaging, and others. According to application, the market is divided into fresh processed meat, precooked meat, raw cooked meat, cured meat, dry meat, raw fermented sausages, and others. By meat type, it is categorized into processed pork, processed beef, and processed mutton. Based on country, it is analyzed into China, Vietnam, Japan, Philippines, South Korea, India, Australia, Indonesia, Thailand, Malaysia, and rest of Asia.

Segment review

Based on equipment, the cutting equipment segment is expected to grow at a CAGR of 9.9% from 2019 to 2026, covering largest share of the Asia-Pacific meat processing equipment market size. The growth of the cutting equipment segment is attributed to its crucial use in meat processing as it is the first step of meat processing. This is projected to increase the demand for cutting equipment in the Asia-Pacific meat processing equipment industry. In addition, cutting is essential for the separation of essential meat & fat portions of the carcass from the non-essential ones, which further boosts the growth of the Asia-Pacific meat processing equipment market.

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Based on meat type, the processed pork segment occupied the largest Asia-Pacific meat processing equipment market share and is expected to grow at a CAGR of 8.8% from 2019 to 2026. The growth of the processed pork segment is due to its high consumption in countries such as China, South Korea, Australia, and Philippines. In addition, westernization of food culture in countries such as China, South Korea, India, and others has also served as a factor for growth. Processed mutton served as the fastest growing segment with a CAGR of 9.5% during the forecast period, owing to the gradual increase in the per capita consumption among various Asia-Pacific countries such as China, Taiwan, India, and others.

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Based on application, the fresh processed meat segment occupied the largest Asia-Pacific meat processing equipment market share in 2019. Rise in demand for fresh processed meat in developing countries is due to rapid urbanization and increase in expenditure on food. In addition, application of fresh processed meat in sausages, burger patties, and kebabs is expected to further boost the growth of the meat processing equipment market during the forecast period. Therefore the aforementioned factors contribute towards the rise in Asia-Pacific meat processing equipment market size.

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The report provides an extensive competitive analysis and profiles of the key market players such as Marel hf., GEA Group Aktiengesellschaft, Illinois Tool Works Inc. (Hobart), Equipamientos Cárnicos, S.L. (Mainca), The Middleby Corporation, JBT Corporation, Siemens AG, Welbilt, Inc., Key Technology, Inc., and Heat and Control, Inc.

Key Benefits for Asia-pacific Meat Processing Equipment Market

  • This report entails a detailed quantitative analysis of the Asia-Pacific meat processing equipment market trends from 2018 to 2026 to identify the prevailing opportunities along with strategic assessment of the Asia-Pacific meat processing equipment market.
  • The market size and estimations are based on a comprehensive analysis of key developments in the industry.
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The market forecast is studied from 2019 to 2026.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

Key Market Segments & Key Market Players

Segments Sub-segments
By Type
  • Cutting
  • Blending
  • Filling
  • Tenderizing
  • Dicing
  • Grinding
  • Smoking
  • Massaging
  • Others

By Meat
  • Processed Pork
  • Processed Beef
  • Processed Mutton
  • Others

By Application
  • Fresh Processed Meat
  • Precooked Meat
  • Raw Cooked Meat
  • Cured Meat
  • Dry Meat
  • Raw Fermented Sausages
  • Others

By Country
  • China
  • Vietnam
  • Japan
  • Philippines
  • South Korea
  • India
  • Australia
  • Indonesia
  • Thailand
  • Malaysia
  • Rest of Asia-Pacific

Key Market Players
  • Marel hf.
  • GEA Group Aktiengesellschaft
  • ILLINOIS TOOL WORKS INC. (Hobart)
  • Equipamientos C├írnicos, S.L. (Mainca)
  • The Middleby Corporation
  • JBT Corporation
  • SIEMENS AG.
  • Welbilt, Inc.
  • KEY TECHNOLOGY, INC.
  • Heat and Control, Inc.
 

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Meat processing equipment are the tools used in the food processing industry, designed according to the specific end-user requirements. There are various equipment based on the stages of meat processing. These include dicing equipment, cutting equipment, smoking equipment, and others. These meat processing equipment are applied to manufacture different forms of meat such as processed beef, processed pork, and others. The Asia-Pacific meat processing equipment market is witnessing considerable growth due to change in consumer preference toward ready-to-eat food products. In addition, increase in demand for processed meat is anticipated to boost the demand for meat processing equipment in the near future. On the contrary, high cost of raw materials is expected to hamper the market growth.

In 2017, China dominated the Asia-Pacific market and is expected to maintain its dominance throughout the forecast period. China is expected to witness high adoption of meat processing equipment due to increase in demand for processed food in this country, owing to rise in small-scale meat processing firms.

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