Meat Processing Equipment Market – Global Industry Analysis and Forecast 2023-2029

Meat Processing Equipment Market was valued at US$ 7.61 Bn. in 2022. The Global Meat Processing Equipment Market size is estimated to grow at a CAGR of 5.8% over the forecast period.
Meat Processing Equipment Market Overview:
The meat processing equipment unit is expected to witness considerable growth in the future by increase in speed,innovation in rising efficiency of machine, and rise in adoption of automated processing system. Meat processing is a process of converting raw meat into ready to eat products for human. Due to lifestyle changes and preference of the consumers the demand for the market will increase.

These equipment are used to increase meat consistency and remove toxins. The dominance of meat based culture in many countries augments the demand for meat processing equipment. The meat processing equipment market is segmented based on type, meat, application, and geography. The fresh processed meat segment accounted for 28.4% share in the market.

Rising investment for the automation of meat processing equipment in countries such as Japan, U.K, U.S, Germany, India The major fast food outlets like KFC, dominos ,McDonald’s expanding their business to multiple countries boosting the market growth.To know about the Research Methodology :- Request Free Sample Report

COVID-19 has led to severe market ambiguity in the manufacturing sector worldwide. The threat of getting affected and to mitigate the spread of covid-19 preventive measures such as distancing of civilians and workers are taken by the government. Manufacturing of food processing equipment has declined due lockdown all over the globe. This led to the halt of machine production and the disrupted international trade affect food processing technology and equipment market.
Meat Processing Equipment Market Dynamics:
Meat processing equipment market is estimated to dominate by the grinding equipment. Grinding equipment is used for grinding fragmented pieces of tenderized meat into smaller pieces. It is used to process wide range of products like sausages, minced meat, hamburgers expected to boost up the market for meat processing equipment.

Depending on a consumer’s choice meat processing equipment convert the raw meat ingredients into ready to eat meat and other meat forms. It enhance the shelf life of the meat product and also ensure easy portability. Globally about 316 million tons of meat is consumed throughout the year.
The major challenge for meat processing equipment market is high cost of meat processing equipment. Lack of trained workforce is expected to create hurdles for the meat processing equipment market.
Meat Processing Equipment Market Trends:
The demand for processed meat has positively influenced by the growing sales of convenient food products due to rapid urbanization, hectic schedules, and inflating income levels. To retain a competitive edge in the market leading players are considerably investing in innovation and coming up with fully automated meat processing equipment with an inbuilt sensor system to become distinct. They are also engaging in strategic acquisitions and partnership for expanding production & widening their distribution network. The demand for protein rich food product due to the growing prevalence of lifestyle disease is projected to fuel the market growth.
Segment Analysis
Based on Type: The meat processing equipment market is segmented into cutting equipment, tenderizing equipment, grinding equipment, and others. The cutting equipment segment held share of 21.7% in the market. The major operation conducted in every meat processing industry is cutting it efficiently cut meat into required size slices and cubes. It is highly demanded for continuous operation in meat processing market. Grinding equipment is used for grinding the meat into smaller pieces. The grinding equipment dominate the market followed by tenderizing equipment during the forecast period.Based on meat type: On the basis of meat type, it is categorized into processed beef, processed pork, processed mutton, and others. Processed pork led the market and accounted for 45% share of global revenue. Pork is free of Bovine Spongiform Encephalopathy or mad cow disease, which lowers the protein quality in meat it is the primary reason for the high demand for pork. The most prominently and widely consumed meat types in the eastern parts of the globe is processed mutton it very popular during festival times.

Beef is one of the most preferred types of red meat owning to its firm texture and intensive flavour. As it is high in proteins it is considered to be an important part of diet in western world. Other meat type include horse meat, hare meat, and moose the consumption of these is primarily based on consumer preferences.

Based on Application: The meat processing equipment market is segmented into fresh processed meat, raw cooked meat, precooked meat, dried meat, cured meat, and others. The fresh processed meat segment is expected to grow the fastest during the forecast period. The fresh processed meat segment accounted for 23.9%. The top investment pockets in the meat processing equipment market are fresh processed meat & raw cooked meat.
Regional Insights:
The North America region held the largest market share accounting for 40% in 2022. Meat is one of the most important aparts of the meal in the region owing to its high protein content, the growing investment in meat processing facilities, and the presence of large number of meat processors, such as Cargill Meat Solutions Corp.,Tyson Foods, and JBS has resulted in the growth of the market in North America.

The Asia Pacific region is expected to witness significant growth at a CAGR of 6.5% through the forecast period. The growing population, with varying income level in the region and rising investment by western countries have increased the demand form meat processing equipment.

The high income population in Middle East & Africa consume meat, such as camels and horses has led to increase in demand for mechanized meat processing equipment as these meats are tough in texture. These factors are driving the growth of the market in this region.

The market in Europe needs more innovation in the food processing industry to minimize human efforts and increase hygiene levels, and rising awareness about benefits associated with meat products such as high protein & immunity-boosting ability. These factors are driving the growth of the market in this region.

In South America demand for low fat meats such as rabbit and guinea pig are high due to their less fat content result in driving the demand for meat processing equipment in the region.

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Meat Processing Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 7.61 Bn.


Forecast Period 2023 to 2029 CAGR:
5.8%
Market Size in 2029:
US$ 11.30 Bn.


 Segments Covered:
by Type
Cutting equipment
Grinding equipment
Tenderizing equipment
Others


by  Meat Type
Processed beef
pork
mutton
Others


by Application
Fresh processed meat
Raw cooked meat
Precooked meat
Dried meat
Cured meat
Others



Meat Processing Equipment Market by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Meat Processing Equipment Market Key Players are:
1. JBT Corporation
2. Key Technology, Incorporation
3. ITW
4. Heat & Control
5. MIDDLEY Corporation
6. Prime equipment group
7. BANSS GMBH
8. MEPACO
9. MAINCA
10. NEMACO food equipment
11. TOMRA systems ASA
12. GEA Group
13. BETTCHER Industries INC.
14. RZPO
15. PPMA

Frequently Asked Questions

1. What is the meat processing equipment market growth?
ANS- The meat processing market is expected to grow at a CAGR of 5.8%.

2. Which region accounted for the largest meat processing equipment market share?
ANS- North America dominate the market with 40% share in 2022.

3. Which segment accounts for the fastest CAGR through the forecast period?
ANS- Asia Pacific region is expected to witness significant growth at a CAGR of 6.5% through the forecast period.

4. What are the major drivers of the global meat processing equipment market?
ANS- Quality lifestyle, fitness and increasing demand for protein rich food are driving the global meat processing equipment market.

5. What product type is expected to witness the fastest growth in the forecast period?
ANS-The fresh processed meat is expected to witness the fastest growth due to awareness about the benefits of consuming fresh food.