Meat Processing Equipment Market size is forecast to reach $18.78 billion by 2025, growing at a CAGR of 7.00% during the forecast period 2020-2025. The growing demand of processed meat products, increasing awareness about nutrition in meat products, and rapidly evolving food safety measures by governments are a major factor driving the growth of the market. Dietary shift of consumers towards animal protein in developing nations is poised to further enhance the overall market demand of Meat Processing Equipment Industry during the forecast period 2020-2025.
Type - Segment Analysis
Blending Equipment held the largest share in the type segment of Meat Processing Equipment Market in 2019 and is estimated to grow at a CAGR of 5.17% during the forecast period 2020-2025. Growing consumer base for mushroom blended meat patties and increasing production and consumption of various products like meatloaves, salamis, meatballs, and sausages has contributed to the growth of this segment. Cutting Equipment held the second-largest share in the market, owing to its basic use for forming and deforming various types of meat. However, Massaging Equipment is estimated to be the fastest-growing segment and is set to register the highest CAGR during the forecast period 2020-2025, owing to its processing ability of various sensitive portions of meat without changing its texture and size, resulting in improved meat products.
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Meat Type - Segment Analysis
Processed pork holds major share in the meat type segment of meat Processing Equipment Market in 2019. Reduced labor requirements, minimized processing costs, and increasing consumer awareness about the nutrition of pork are attributed to the market growth of this segment. Processed mutton is projected to witness steady growth in the forecast period 2020-2025, owing to its better nutritional qualities and more investments in the market of mutton.
Geography- Segment Analysis
North America region dominates the geography segment of Meat Processing Equipment Market with a share of more than 32.0%, followed by Europe. Growing consumer demand for locally processed meat, heightened demand for such products owing to eating habits of consumers in the region is helping in the growth of this region. Growing investment in meat processing facilities and the presence of many meat processors such as Tyson Foods, Cargill Meat Solutions Corp. and JBS USA is also contributing in the growth of the market in this region. The rising number of new product releases has also contributed to the growth of the North American meat processing equipment industry. Europe holds the second place in the market share, owing to growing consumer base for the processed beef and pork industry.
However, Asia-Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025. This is owing to developing countries like China and Japan is set to see rapid increase in consumer base of processed meat.
Drivers –Meat Processing Equipment Market
Gradual development in innovative technology
For grinding beef, pork, poultry, or seafood, animal protein is primarily composed of lean muscle and fat. Fattier cuts of meat can be tough, so manufacturers are using machine that has the power and stability to chop through meat. Heavier motored food processorsare innovated lately by key market players for doing the work properly. Meat grinder for meat is an excellent way to preserve the quality of the ground meat as well as the freshness of the meat. It increases the freshness, juiciness, and tenderness of the food cooked with fresh ground meat. In recent years, sausage making machines are becoming popular in countries like China.
Dietary shift of consumers towards animal protein
Globally, about 315 million tons of meat is consumed throughout the world every year. In 2030 this number is estimated to be about 453 million –which is an increase in 44 percent from the value of 2019. Projections for world meat demand, however, are uncertain, varying from 375 to 570 million tons by 2050, that is, an increase of 70–160 percent compared to 2000.
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Challenges – Meat Processing Equipment Market
High Cost of meat processing equipment’s
High cost of equipment and lack of trained workforce is poised to create hurdles for the Meat Processing Equipment Market.
Meat Processing Equipment Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Meat Processing Equipment Market. In 2019, Meat Processing Equipment Market shareisconsolidated by the topplayers present in the market. Meat Processing Equipment Market top10 companies are GEA Group, JBT Corporation, Illinois Tool Works, The Middleby Corporation, Bettcher Industries, EquipamientosCarnicos, Biro Manufacturing, Bizerba, Riopel Industries and Minerva Omega Groupamong others.
Acquisitions/Product Launches
In June 2019, JBT completed the acquisition of Proseal and announced the acquisition of Prime Equipment Group, Inc.
In January 2020, Bettcher Industries, Inc. announced that it has entered into a distribution agreement with Borncut A/S covering the company’s precision portion cutting equipment sold into the North American market.
In August 2019, Bizerba acquires Italian service specialist Electronic Service Italia S.r.l.
Key Takeaways
North America region dominated the Meat Processing Equipment Marketin 2019 owing to growing demand of packaged & processed meat products and technological innovation in the meat processing equipment.The Meat Processing Equipment Market scope for different regions will be provided in the final report.
Gradual development in innovative technology and automation has helped in significant growth of Meat Processing Equipment Market. Growing consumer demand for locally processed meat andincreasing demand for such products owing to changing eating habits of consumers globally is poised to drive industry growth.
Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the Meat Processing Equipment Market report.
High cost of equipment and lack of trained workforce is poised to create hurdles for the Meat Processing Equipment Market.
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Rising awareness about animal-based protein-rich food products and growing demand for processed and convenience food items have boosted the demand for the food processing equipment.
Livestock supports approximately 1.3 billion people and contribute 40% of the global value of agricultural output and supports the livelihoods with food security concerns.
Processed meat has several advantages such as increased taste, low risk of meat-borne diseases, and a high degree of portability.
This equipment enables preservation, toxin removal, and increases meat consistency.
Intake of meat products helps people in weight management, brain growth, and development, and also helps in preventing Alzheimer’s disease.Owing to technological advancements, food processors are equipped with in-built sensors to detect foreign materials and to improve product quality, which in turn, spur the growth in the meat processing equipment market size.
Also, automated food processing equipment has experienced an increase in demand due to growing focus on cost reduction and production efficiency.
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The report expands to cover regional market data along with type and application.
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