PUBLISHER: Allied Market Research | PRODUCT CODE: 1298179
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298179
The meat processing equipment market is estimated to reach $19,563.2 million by 2031, registering a CAGR of 4.7% from 2021 to 2031.
Processed meat is prepared by converting meat or byproducts as blood through fermentation, salting, smoking, curing, and other processes to extend its shelf-life and enhance the taste. One of the main drivers of the market's growth is the escalating safety concerns. Additionally, the demand for processed meat has been positively impacted by the rising sales of convenient food items as a result of rapid urbanization, hectic schedules, and rising income levels. This is boosting market expansion along with expanding premiumization of beef products and rising customer access to organized retail shops like supermarkets. To maintain a competitive edge in the market, top players are also heavily investing in new processing technologies and developing fully automated meat processing equipment with an integrated sensor system. They are also forming strategic alliances and acquisitions to increase their manufacturing capacity and their distribution network. Thus, above factors are likely to bolsters the growth of the meat processing equipment market during forecast period.
The meat processing equipment industry is expected to grow throughout the forecast period as a result of rising investments in meat processing equipment and technological advancements in this sector. The demand for meat processing equipment is anticipated to be driven by strict laws surrounding the sale, trade, and transportation of meat under controlled circumstances to prevent spoilage and maintain adequate nutritious levels. High R&D spending has resulted in the development of new technologies, such as the integration as one machine of equipment used for slicing, blending, and grinding in order to save transfer costs and uphold hygienic standards.
Capital-intensive machinery is needed for meat processing. To satisfy the precise requirements of the processing sector, every piece of equipment utilized in the meat business is highly specialized. A single machine will not be sufficient for the complete meat processing process due to industry requirements; rather, many machines and pieces of equipment are needed for each stage, which necessitates large capital investments. The equipment can only be utilized for the reasons it is intended for and has a low resale value due to its high degree of modification. It is also essential to maintain the equipment to ensure optimum operation and avoid contaminating the food. The aforementioned factors make mechanizing a meat processing facility expensive. Since the majority of equipment producers are based in North America and Europe and export their products to developing markets in Africa, the Middle East, and Asia-Pacific, the cost of logistics is also significant. This above factors are likely to restrain the growth of the meat processing equipment market during forecast period.
The global meat processing equipment market is segmented based on type, meat type, application, and region. Based on type, the market is classified into cutting equipment, blending equipment, tenderizing equipment, filling equipment, dicing equipment, grinding equipment, smoking equipment, massaging equipment, and others. Based on meat, it is categorized into processed beef, processed pork, processed mutton, processed poultry and others. The market is categorized based on application into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dried meat, and others. By region, the market is analyzed across North America (U.S., Canada and Mexico), Europe (France, Germany, UK, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and Rest of LAMEA), along with detailed country analysis of the respective regions.
The major players operating in the meat processing equipment industry are include: Welbilt, Inc., GEA Group AG, The Middleby Corporation, Heat and Control, Inc., Marel, Key Technology, Inc., JBT Corporation, Illinois Tool Works Inc. (ITW), Bettcher Industries, Inc. and Equipamientos Carnicos, S.L. (Mainca).