Meat Processing Equipment Market

Meat Processing Equipment Market Overview:

The meat processing equipment market was valued at $10,968 million in 2017, and is projected to reach $18,817 million by 2025, growing at a CAGR of 6.9% from 2018 to 2025. The food processing industry has witnessed considerable growth in the recent years and is expected to continue this trend in the future. This industry exhibits an increase in adoption of fully automated technology and inbuilt sensor system. In addition, innovation in rising efficiency of machine, increase in speed, and rise in adoption of automated processing system are expected to boost the growth of the global meat processing equipment market.

The demand for the meat processing equipment market is anticipated to increase due to lifestyle changes and preferences of the consumers. In addition, rise in demand for packaged foods & processed meat products and increase in demand for food safety drive the market growth. Meat processing equipment are manufactured based on the specific customer requirements. These equipment are used to remove toxins and increase meat consistency. The continuous dominance of meat-based culture in many countries augments the demand for meat processing equipment. In addition, increase in trade flow of meat has increased the demand for processed meat with high durability and shelf life, which is expected to fuel the growth of the meat processing equipment market. However, high cost of machineries is anticipated to hamper the market growth in the near future.

The global meat processing equipment market is segmented based on type, meat, application, and geography. Based on type, it is classified into cutting equipment, blending equipment, tenderizing equipment, filling equipment, dicing equipment, grinding equipment, smoking equipment, massaging equipment, and others. On the basis of meat, it is categorized into processed beef, processed pork, processed mutton, and others. On the basis of application, it is divided into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dried meat, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with the detailed country analysis of the respective regions.

In 2017, the cutting equipment segment accounted for 21.7% share in the global market. The cutting is one of the prime operation conducted in every meat processing industry. The cutting equipment efficiently cuts meat into required size slices, strips, and cubes. It is manufactured from quality approved abrasion resistant material, and the cutting machine is highly demanded for its ability of continuous operation in meat processing industry. In 2017, the fresh processed meat segment accounted for 23.9% share in the global market. The fresh processed meat and raw cooked meat segments are the top investment pockets in the meat processing equipment market, owing to the increase in demand for processed meat globally. In addition, ease of handling, transportation, and storage are the other factors that fuel the growth of the meat processing equipment market. In terms of value, the fresh processed meat and raw cooked meat applications accounted for approximately 44.4% share in the overall market.

Adoption of meat processing equipment is expected to increase in Asia-Pacific due to growth in demand for ready-to-eat food products, change in lifestyle of consumers, and stable economic growth. Emerging markets, such as China and India, are expected to show the highest increase in demand for meat processing equipment during the forecast period. However, the government policies pertaining to ban the consumption of beef in India are anticipated to hamper the consumption and trade of processed beef, affecting the growth of the meat processing equipment market.

The key players in the global meat processing equipment market focus on acquisitions, collaborations, and expansions as their key strategies to gain significant share in the meat processing market. The key players profiled in the report include GEA Group AG, JBT Corporation, Key Technology Inc., Marel, Heat and Control, Inc., Illinois Tool Works Inc., Manitowoc, The Middleby Corporation, Bettcher Industries, Inc., and Equipamientos Cárnicos, S.L. (Mainca).

The other market players (not profiled in report) in the value chain include RND AUTOMATION PVT. LTD., Crown National, Jarvis Canada Limited, MAJA Food-Technology, Inc., Millard Manufacturing Corp., Bettcher Industries, Inc., Marlen International., Mepaco, and PPMA Ltd.

Key Benefits for Meat Processing Equipment Market:

• This report presents a quantitative analysis of the current trends, estimations, and dynamics of the global meat processing equipment market size from 2018 to 2025 to identify the prevailing market opportunities.

• The key countries in all the major regions are mapped based on their market share.

• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.

• An in-depth analysis of the global meat processing equipment market segmentation assists in determining the prevailing market opportunities.

• Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players.

• The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

 Meat Processing Equipment Market Report Highlights