Global Meat Processing Equipment global market 2024, Forecast To 2033
5 Feb, 2024
The meat processing equipment market has witnessed substantial growth, escalating from $11.56 billion in 2023 to $12.59 billion in 2024, showcasing a commendable compound annual growth rate (CAGR) of 9.0%. This growth in the historical period is ascribed to the increased demand for processed meat products worldwide, growth in the meat and poultry industry, a heightened focus on food safety and quality standards, the need for increased production efficiency and capacity, and a rise in consumer preferences for convenience foods. Forecasts for the future indicate strong growth, with the market expected to reach $17.22 billion in 2028, driven by a CAGR of 8.1%. The anticipated growth in the forecast period can be attributed to an emphasis on energy efficiency and sustainability in processing plants, research and development in novel meat processing technologies, the expansion of value-added meat products and ready-to-eat meals, a focus on plant-based and alternative protein processing equipment, and market growth in emerging economies and developing meat markets. Key trends in the forecast period include advanced slicing and portioning equipment, the integration of automation and robotics, innovations in cooking and smoking equipment, a focus on energy efficiency and sustainability, and the adoption of high-pressure processing (HPP) technology.
Global Meat Processing Equipment Market Key Driver
The rise in consumption of processed meat drives the growth of the meat processing equipment market. Dutch meat exports in June 2021 amounted to $9.3 billion, with 85% consisting of domestically produced or processed meat. The increasing preference for processed meat enhances the demand for meat processing equipment.
Get A Free Sample Of The Global Meat Processing Equipment Market ReportGlobal Meat Processing Equipment Market Segments
The global meat processing equipment market covered in this report is segmented –
1) By Type: Cutting Equipment, Blending Equipment, Tenderizing Equipment, Filling Equipment, Slicing Equipment, Grinding Equipment, Smoking Equipment, Massaging Equipment, Other Equipment
2) By Meat Type: Beef, Mutton, Pork, Other Meat
3) By Application: Fresh Processed Meat, Precooked Meat, Raw Cooked Meat, Cured Meat, Dry Meat, Raw Fermented Sausages, Other Applications
By Geography: The regions covered in the Meat Processing Equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the meat processing equipment market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the meat processing equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Meat Processing Equipment Industry Players
GEA Group, JBT Corporation, Marel, Illinois Tool Works, The Middleby Corporation, Bettcher Industries, Equipamientos Carnicos, Biro Manufacturing Company, Braher International, RZPO, Bizerba, Riopel Industries, Minerva Omega Group, Risco, Millard Manufacturing Corporation, Apache Stainless Equipment Corporation, Gee Gee Foods & Packaging, PSS Svidnik, Ross Industries Inc., Metalbud Nowicki, Welbilt Inc., Heat and Control Inc., Key Technology Inc., Duravant LLC, Prime Equipment Group Inc., BAADER, BANSS, Stephan Machinery GmbH, Grote Company, Handtmann Maschinenfabrik GmbH & Co. KG, K+G Wetter GmbH, Seydelmann KG, Vemag Maschinenbau GmbH, FPEC Corp., Hollymatic Corporation, Jarvis Products Corporation, Mepaco
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Meat Processing Equipment Market Overview
Meat processing equipment refers to machine that is specifically made with highly advanced techniques and user-friendly features, to enable people and food processing companies to process the meat in a hygiene manner. The meat processing equipment is used to process meat to enhance its shelf life and taste. Processed meat is defined as any meat that has been altered in order to increase its flavour or prolong its shelf life. It generally helps in converting meat into processed food items by using various physical tools and chemicals.
Meat Processing Equipment Global Market Report 2023 provides data on the global meat processing equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The meat processing equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.