Meat Processing Equipment Market Overview
Global Meat Processing Equipment Market is expected to grow at a CAGR of 5% during the forecast period 2024-2031. North America is expected to hold the largest share in the global Meat Processing Equipment market. The competitive rivalry intensifies with Key Technology Inc, Illinois Tool Works Inc and Bettcher Industries, Inc.
Meat processing equipment is mainly utilized to convert raw meat ingredients to ready-to-eat meat and other meat-related products. Meat processing equipment types are designed to fulfil the customized demand of consumers. Meat processing is a method to improve the taste, extend shelf life, to facilitate easy cooking of meat. Meat processing equipment types are considered essential equipment for processing high protein and fat content. Meat processing equipment helps in toxin removal, increasing meat consistency, and preserving the meat. Additionally, the meat processing equipment brings high efficiency during the practice, from killing to marinating.
Market Scope
| Metrics | Details |
| Market CAGR | 5% |
| Segments Covered | By Equipment Type, By Meat Type, By Application, By Mode of Operation and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
The meat processing equipment market is estimated to grow faster due to increasing disposable income, population, and rising demand for processed meat worldwide. A significant shift of the key manufacturers towards new technologies and automation is projected to have robust growth in the meat processing equipment market over the assessment period. Moreover, higher demand for animal proteins coupled with technological development is expected to boost meat processing equipment demand.
Growing Consumer Demand for Meat Products
The meat processing equipment market demand is foreseen to increment because of the customers' way of life changes and inclinations. Also, ascend popular for bundled nourishments and prepared meat items and expansion sought after for sanitation drive the market growth. Meat processing equipment is produced dependent on the particular client prerequisites. These equipment are utilized to eliminate toxins and increment meat consistency. The consistent strength of meat-based culture in numerous nations increases the demand for meat processing equipment. Moreover, the increase in meat trade flow has expanded the demand for handled meat with high sturdiness and a period of usability, which is required to fuel the meat processing equipment market's growth.
Increase in demand for processed meat food
Expanding the utilization of private-name prepared meat groceries is the growing trend in the meat processing equipment market. This type of processed poultry and meat items are getting mainstream as they are prepared to cook and affordable. Moreover, rising demand for processed meat items and wellbeing and guidelines for high-level machines are estimated to fuel the demand for meat processing equipment. Moreover, increasing the utilization of mechanized hardware by key equipment suppliers over conventional equipment will fuel the market growth.
The high cost of automated meat processing equipment
The high cost of automated meat processing equipment is expected to hamper the global market's growth. These equipment are not gaining traction due to low-cost alternatives available in the market. Moreover, shifting consumer preferences from red meat to alternative meat sources is also one of the key factors that restrain the meat processing equipment market growth.
COVID-19 Impact on Meat Processing Equipment Market
The meat industry has been severely affected due to the COVID-19 pandemic. COVID-19 forced various food processing industries to shut down their operations and impact the meatpacking and processing industry. This pandemic affected plants' hundreds, leading to some factories' closure and disruption of other small businesses. The socio-cultural and economic challenge to COVID-19 prevents the meat processing facilities from operating with full efficiency and capacity. Hence, which has impacted the sales of meat processing equipment. Moreover, due to this pandemic, people are less preferring meat to consume to reduce the chances of diseases and prefer home-cooked meat, which is expected to hamper the growth of the meat processing equipment market.
Market Segment Analysis
By equipment type, the meat processing equipment market is classified into cutting equipment, slicing equipment, blending equipment, tenderizing equipment, filling equipment, grinding equipment, smoking equipment, massaging equipment, and others.
The cutting equipment Segment is estimated to hold the largest share in the meat processing equipment market.
Cutting equipment is anticipated to hold the largest market share in the global meat processing equipment market. This equipment is the most common meat processing equipment and is widely used in the meat industry. Additionally, cutting equipment is necessary for every meat processing factory, so the growth of cutting equipment is expected to be healthy over the forecast period.
Blending equipment is also estimated to grow with a significant growth rate over the assessment period due to the increasing demand for blended food types such as sausages, salamis, meatballs, and meatloaves.
The meat processing equipment market is classified into processed beef, processed pork, processed mutton, and others by meat type.
The processed pork meat segment is expected to boost the growth of the global market.
Processed pork meat is expected to grow with the relatively high growth rate in the global meat processing equipment market due to the increasing consumption of a good source of nutrition and meat. Additionally, the changing lifestyle of consumption and increasing demand for luxury meat food is estimated to fuel the demand for processed pork meat and further drive the global meat processing equipment market. Processed beef meat is also expected to grow with a significant growth rate over the forecast period due to the increase in per capita consumption and continuous improvement in the beef trade, minimizing the market's pricing pressure.
Market Geographical Share
North America is expected to hold the largest share in the global Meat Processing Equipment market.
North America is projected to hold a dominating share in the global meat processing equipment market. It is expected to grow significantly due to the rise in the demand for ready-to-eat and packaged meat among consumers. In the North American region, the US and Canada are estimated to increase the demand for various processed meat equipment types. Additionally, a change in the eating habits among meat consumers across the region will further boost the global meat processing equipment market's growth.
Further, the Asia-Pacific region is projected to grow with a high CAGR over the assessment period due to the increased adoption of meat processing equipment and increased meat-eating consumers. Also, raising awareness regarding the convenience, speed, and accuracy of equipment types among end-users also supports the growth of the meat processing equipment market.
MMarket Companies and Competitive Landscape
The Meat Processing Equipment market is moderately fragmented with the presence of regional as well as global players. Some of the key players in the growth of the market include GEA Group AG, Key Technology Inc., Marel HF, The Middleby Corporation, Heat and Control, Inc., Bettcher Industries, Illinois Tool Works Inc., Mepaco, John Bean Technologies Corporation, Inc., Equipamientos Cárnicos, S.L., Qiqihar Sunby Machinery Co., Ltd., Qingdao Raniche Machinery Technology Co., Ltd., Shanghai One-Stop Engineering Co., Ltd., Qingdao Jianhua Food Machinery Manufacturing Co., Ltd. and Zhengzhou Honest Machinery Co., Ltd., among others. The key players execute several growth strategies such as Equipment Type launches, acquisitions, and collaborations, which are estimated to boost the meat processing equipment market globally.
GEA Group AG.
Overview: GEA Group AG engages in the manufacturing, development, and marketing equipment of process technology and components for the dairy, food processing, and chemical industry. The company has the following business segments: GEA Farm Technologies, GEA Mechanical Equipment, GEA Process Engineering, and GEA Refrigeration Technologies. The GEA Process Engineering segment specializes in designing and developing process solutions for the dairy, brewery, food, pharmaceutical, and chemical industries.
The GEA Farm Technologies segment includes Equipment Type solutions for profitable dairy and livestock farming. The GEA Mechanical Equipment segment comprises separators, decanters, valves, pumps, and homogenizers. The GEA Refrigeration Technologies segment engages in the development, construction, installation, service, and maintenance of innovative key components and technical solutions.
Equipment Type Portfolio: The company’s portfolio is comprised of Brewing systems, Chillers and heat pumps, Farm equipment, Liquid processing systems, Milking systems, Farm services, food processing equipment, dairy equipment, meat processing equipment, among others.
