The global meat processing equipment market size is expected to grow from $9.78 billion in 2021 to $10.43 billion in 2022 at a compound annual growth rate (CAGR) of 6.71%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global meat processing equipment market size is expected to reach $13.62 billion in 2026 at a CAGR of 6.89%.
What is the Global Meat Processing Equipment Market?
The meat processing equipment market consists of sales of meat processing equipment by entities (organizations, sole traders, and partnerships) that 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 flavor or prolong its shelf life. It generally helps in converting meat into processed food items by using various physical tools and chemicals.
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What drives the Global Meat Processing Equipment Market?
The increasing consumption of processed meat is expected to propel the growth of the meat processing equipment market going forward. Processed meat provides a number of advantages, including a better taste, a lower risk of meat-borne infections, a longer shelf life, and a high degree of portability. For instance, according to the Standard Process Inc., a US based food supplements company report published in 2020, processed foods account for about 70% of the American diet. Additionally, according to the agricultural and processed food products export development authority, during the fiscal year 2020-21, India exported 774.11 Megatonne (MT) of processed meat to the world, valued at $1.62 million. Therefore, the increasing consumption of processed meat drives the growth of the processed meat market.
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Global Meat Processing Equipment Market Segments
The global meat processing equipment market is segmented:
By Type: Cutting Equipment, Blending Equipment, Tenderizing Equipment, Filling Equipment, Slicing Equipment, Grinding Equipment, Smoking Equipment, Massaging Equipment, Others
By Meat Type: Beef, Mutton, Pork, Others
By Application: Fresh Processed Meat, Precooked Meat, Raw Cooked Meat, Cured Meat, Dry Meat, Raw Fermented Sausages, Others
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.
Meat Processing Equipment Global Market Report 2022provides market size and growth forecasts for the global meat processing equipment market, global meat processing equipment market share, meat processing equipment market segments and geographies, meat processing equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The meat processing equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Meat Processing Equipment Industry Playersinclude GEA Group, JBT Corporation, Marel, Illinois Tool Works, The Middleby Corporation, Bettcher Industries, Equipamientos Carnicos, Biro Manufacturing Company, Brahe, RZPO, Bizerba, Riopel Industries, Minerva Omega Group, Risco, Millard Manufacturing Corporation, Apache Stainless Equipment Corporation, Gee Gee Foods & Packaging, PSS Svidnik, Ross Industries Inc., and Metalbud Nowicki. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
