Global Meat Processing Equipment Market: Exploring Opportunities and Industry Forecast (2024-2031)
Meticulous Research®—a leading global market research company, published a research report titled, ‘Meat Processing Equipment Market by Type (Cutters, Mixers and Blenders, Massagers, Tumblers, Tenderizers, Slicers) Mode of Operation (Semi-automatic, Automatic), Category (Processed Meat, Fresh Meat), Meat Type (Beef, Chicken) - Global Forecast to 2031’
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According
to this latest publication from Meticulous Research®, the meat
processing equipment market is projected to reach $22.6 billion by 2031, at a
CAGR of 6% from 2024 to 2031. The growth of the meat processing equipment
market is mainly driven by the increasing demand for animal-based food, the
growing need to increase productivity and reduce production costs, and
government support to promote the food processing industry. However, the high
cost of equipment is expected to restrain the growth of this market.
The
meat processing equipment market is segmented by type (cutters and grinders;
smokers, massagers, and tumblers; mixers and blenders; tenderizers; killing and
defeathering equipment; slicers; evisceration equipment; cookers, roasters, and
grillers; de-heading and gutting equipment; and other meat processing
equipment), by mode of operation (semi-automatic and automatic), category
(processed meat and fresh meat), meat type (beef, pork, chicken, mutton, and
other types of meat), and geography (North America, Europe, Asia-Pacific, Latin
America, and the Middle East & Africa). The study also evaluates industry
competitors and analyzes the market at the regional and country levels.
Based on
type, in 2024, the cutters and
grinders segment is expected to account for the largest share of the meat
processing equipment market. The segment’s large market share is attributed to
increasing global meat production and consumption and the great application of
cutters and grinders in the wide range of meat products.
Based on
mode of operation, in 2024, the
semi-automatic segment is expected to account for the largest share of the
global meat processing equipment market. The segment’s large share is
attributed to the benefits of semi-automatic food processing equipment, such as
greatly improved labor productivity, flexibility in production processes, and
technical & economic feasibility.
Based on
category, the processed meat
segment is expected to account for the largest share of the meat processing
equipment market in 2024. The segment`s large market share is mainly attributed
to the increasing demand for ready-to-cook food products and growing innovation
and technological advancement in the equipment for meat processing. Also, the
growing urbanization and increasing per capita income among millennials is
further expected to boost the growth of processed meat, which ultimately
supports the dominant position of this segment.
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Based on
meat type, in 2024, the beef
segment is expected to account for the largest share of the meat processing
equipment market. The large market share of this segment is attributed to the
growing demand for beef, as it is a major source of protein. Usually, cattle
and buffalo meat have a higher protein content as compared to other meat types,
including chicken, pork, turkey, and lamb. Awareness associated with the
consumption of protein through high nutritional food and growing preference for
beef over other meats owing to various diseases associated with poultry and
pork is further expected to drive the growth of this market.
Based on
geography, Asia-Pacific is
expected to register the fastest growth during the forecast period of
2024–2031. The fast growth of this regional market is due to the increasing
awareness regarding the importance of protein-rich diets, the rising
technological advancement and new product innovations in the food &
beverages industry, the fast-growing economy, and the strong demand for meat
and meat products in developing countries, including China and India. Moreover,
rapid urbanization, rising income, and changing lifestyles in the Asia-Pacific
region have resulted in consumers opting for convenient ready-to-cook meat
products.
Key Players
The
meat processing equipment market is characterized by moderate competition due
to the presence of many large and small-sized global, regional, and local
players. The key players operating in the meat processing equipment market are
GEA Group Aktiengesellschaft (Germany), Marel HF (Iceland), John Bean
Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Mepaco Group
(U.S.), Minerva Omega Group s.r.l (Italy), Heat and Control Inc. (U.S.), Alfa
Laval AB (Sweden), Equipamientos Cárnicos, S.L (MAINCA) (Spain), Biro
Manufacturing Co (U.S.), and Nordischer Maschinenbau Rudolf Baader GmbH &
Co. KG (Germany).
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