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Meat Processing Equipment Market Overview:
The Meat Processing Equipment Market was valued at $10,218 million in 2016, and is projected to reach $16,516 million by 2023, growing at a CAGR of 7.1% from 2017 to 2023. The food processing industry has gained traction in the recent past and is expected to continue this trend in the near future. The market for meat processing equipment is anticipated to surge due to the change in lifestyle and preferences of the consumers. The rise in demand for packaged foods & processed meat products and demand for food safety propel the market growth.
Meat processing equipment are manufactured based on the specific customer requirements. These equipment are used to remove the toxins and increase meat consistency. The continuous dominance of meat-based culture in many countries augments the demand for meat processing equipment. In addition, the increase in trade flow of meat has increased the demand for processed meat with high durability and shelf life, which has fueled the demand for meat processing equipment. The high cost of machineries is anticipated to hamper the market growth in the near future.
Segment Review
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 detailed country analysis of the respective regions.
Top Investment Pockets
In 2016, the fresh processed meat segment accounted for 24% share in the global market. In terms of value, the fresh processed meat and raw cooked meat applications accounted for approximately two-fifths share in the overall 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 demand for meat processing equipment.
Asia Pacific Meat Processing Equipment Market
Adoption of meat processing equipment is expected to rise in Asia-Pacific, owing 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 meat processing equipment market.
Asia-Pacific Meat Processing Equipment Market, 2016-2023 ($Million)
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 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 Crnicos, 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
- This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global meat processing equipment market.
- In-depth analysis of meat processing equipment market and estimations for key segments from 2016 to 2023 are provided.
- Competitive intelligence (of leading manufacturers and distributors of meat processing equipment) helps to understand the competitive scenario globally.
- The report analyzes factors that drive and restrain the market growth.
- Market share for all segments with respect to geography is provided, which helps to understand the trends in the industry.
- Key market players are profiled and their strategies are analyzed thoroughly, which provide a competitive outlook of the industry trends.
Meat Processing Equipment Market Key Segments:
By Type
- Cutting Equipment
- Blending Equipment
- Tenderizing Equipment
- Filling Equipment
- Dicing Equipment
- Grinding Equipment
- Smoking Equipment
- Massaging Equipment
- Others
By Meat
- Processed Beef
- Processed Pork
- Processed Mutton
- Others
By Application
- Fresh Processed Meat
- Raw Cooked Meat
- Precooked Meat
- Raw Fermented Sausages
- Cured Meat
- Dried Meat
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- KSA
- South Africa
- Turkey
- Rest of LAMEA
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