Meat Processing Equipment Market

Meat Processing Equipment Market is estimated to register a revenue of USD 9,700 Million by 2026, exhibiting a CAGR of 5.2% during forecast period, owing to the growing deployment of food processing equipment in several fast-food outlets to fulfil the surging consumer demand.

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Major Meat Processing Equipment Market Drivers

The factors driving the global meat processing equipment market include the growing urbanization along with the change in the food preference of the consumer. A rise in the demand for various packaged and processed meat products among the population is also supporting the global meat processing equipment market. Moreover, increasing premiumization of meat products and access to organized retail stores such as supermarkets, will bolster the market growth. Increasing investment by leading market player to encourage the advancement of processing technologies and introduce a full automated meat processing equipment with an integrated sensor system, will offer enormous opportunities to the market.

Moreover, increasing disposable income coupled with a growing influence of western eating habits among individuals will boost the global meat processing equipment market. Growing demand for protein-rich meat products along with high durability and shelf life will further propel the global meat processing equipment market in upcoming years. Increasing consumer inclination towards consumption of processed and clean packaged meat products, without compromising taste and nutrient levels, has fueled the market growth. In addition, rising living standards and increasing demand for food safety among consumers will further enhance the market growth of the global meat processing equipment. However, increasing price of raw material and growing health problems regarding the consumption of red meat may restrain the global meat processing equipment market.

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Equipment Type – Segment Analysis

Based on the equipment, Cutting Equipment is expected to capture the highest market share in the global meat processing equipment market as it is the most common food processing equipment and widely used in the food industry. In addition, cutting equipment is a pre-requisite in every meat processing plant. Blending Equipment is also predicted to grow during the forecast period owing to the increasing consumption of blended products such as salamis, sausages, meatloaves and meatballs among consumption. Tenderizing Equipment is driven by an increase in the consumption of pork and beef by consumers across North America and the Asia-Pacific region.
However, the grinding equipment is forecast to witness a faster CAGR over the upcoming years, owing to the increasing investment in grinding machines with different blades and speeds for various applications such as patties, sausages, and pies.

Product Type – Segment Analysis

Based on the product type, Fresh Processed Meat is predicted to grow during the forecast period owing to the rising urban population and increasing working population along with growing demand for processed meat products as it saves cooking time. Moreover, fresh processed meat is treated with salt and are processed by adding non-meat ingredients for improving binding and flavoring will further fuel the global meat processing equipment market.

Meat Type – Segment Analysis

Based on the meat, Pork meat is projected to grow at the fastest rate in the global meat processing equipment market owing to the consuming a good source of nutrition such as minerals, vitamins, iron and phosphorus. In addition, change in the lifestyle of consumer and growing consumption of processed pork by people will further drive the global meat processing equipment market. Also, pork is free from Bovine Spongiform Encephalopathy (BSE) or mad cow disease, which impedes the protein quality in the meat, augmenting its consumption across the world, propelling the segment’s growth. Beef meat is also anticipated to grow during the forecast period due to the increase in per capita consumption and continuous improvement in the beef trade which may minimize the pricing pressure in the market.

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Regional – Segment Analysis:

North America region accounts for the maximum share for meat processing equipment market and anticipated to grow at a significant rate owing to the rise in the demand for ready to eat and packaged meat products among consumers. The US and Canada are key countries in the North America region for better flavor and texture of various processed meat products. In addition, change in the eating habits of consumers in this region will further enhance the global meat processing equipment market. Asia-pacific region is also anticipated to grow during the forecast period due to the high adoption rate of meat processing equipment and growing awareness regarding the convenience products among consumers in this region. In addition, rising investment by western countries for developing fast-food outlets have increased the demand for meat processing equipment, which will further strengthen the regional growth.

Top Market Players

Various notable players operating in the market, include GEA Group AG, John Bean Technologies Corporation, Key Technology Inc., Marel HF, Heat and Control, Inc., Illinois Tool Works Inc., Mepaco, The Middleby Corporation, Bettcher Industries, Inc., Equipamientos Cárnicos, S.L., among others. Prominent players are focusing on expansions, collaborations, agreements, joint ventures and partnerships to strengthens its equipment product portfolio in the market. For instance, Marel HF has agreed to acquire Cedar Creek Company to develop software solutions to meat, seafood and poultry processors that will allow food processors to improve quality, efficiency and food safety in Australia and New Zealand.

Key Developments:

• In 2019, John Bean Technologies Avure has acquired a high-pressure processing meat technology that will benefit meat retailers, processors and consumers across the globe.
• In 2018, Key Technology Inc. and Heat and Control, Inc. entered into a strategic partnership. Through this partnership, Heat and Control Inc. expanded its wider range of solutions for manufacturers of fresh and processed poultry, meat, seafood, snacks and other food products in New Zealand, India and Australia.

Segments covered in the Report:

The global meat processing equipment market has been segmented on the basis of equipment, product type, meat, and key regions. Based on equipment, the market is segmented into cutting equipment, blending equipment, tenderizing equipment, filling equipment, dicing equipment, grinding equipment and others. Based on product type, the market is segmented into fresh processed meat, raw cooked meat, pre-cooked meat, raw-fermented meat, cured meat, dried meat and others. Based on meat, the market is segmented into beef, pork and mutton.

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Key questions answered in this research report:
• At what pace is global meat processing equipment market growing? What will be the growth trend in the future?
• What are the key drivers and restraints in global meat processing equipment market? What will be the impact of drivers and restraints in the future?
• What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global meat processing equipment market?
• What are the various product types of global meat processing equipment market and how they are poised to grow?

Market Segmentation

Global Meat Processing Equipment Market by Equipment

• • Cutting Equipment
  • Blending Equipment
  • Tenderizing Equipment
  • Filling Equipment
  • Dicing Equipment
  • Grinding Equipment
  • Others

Global Meat Processing Equipment Market by Product Type

• • Fresh Processed Meat
  • Raw Cooked Meat
  • Pre-cooked Meat
  • Raw-Fermented Meat
  • Cured Meat
  • Dried Meat
  • Others

Global Meat Processing Equipment Market by Meat

• • Beef
  • Pork
  • Mutton

• Global Meat Processing Equipment Market by Region

  • North America (Option1: As a part of the free 25% customization)

    • By Equipment
    • By Product Type
    • By Meat
    • US Market All-Up
    • Canada Market All-Up
    • Mexico Market All-Up

• • Europe (Option 2: As a part of the free 25% customization)

    • By Equipment
    • By Product Type
    • By Meat
    • UK Market All-Up
    • Germany Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific (Option 3: As a part of the free 25% customization)

    • By Equipment
    • By Product Type
    • By Meat
    • China Market All-Up
    • Australia Market All-Up
    • India Market All-Up
    • Rest of APAC Market All-Up

  • ROW (Option 4: As a part of the free 25% customization)

    • By Equipment
    • By Product Type
    • By Meat
    • Brazil Market All-Up
    • South Africa Market All-Up
    • GCC countries Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading market players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • GEA Group AG
  • John Bean Technologies Corporation
  • Key Technology Inc.
  • Marel HF
  • Heat and Control, Inc.
  • Illinois Tool Works Inc.
  • Mepaco
  • The Middleby Corporation
  • Bettcher Industries, Inc.
  • Equipamientos Cárnicos, S.L.