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Sustainable Growth Opportunities in the Meat Processing Equipment Market

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Sustainable Growth Opportunities in the Meat Processing Equipment Market

February 08
23:06 2021
Sustainable Growth Opportunities in the Meat Processing Equipment Market

MarketsandMarkets™
The meat processing equipment market is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a CAGR of 5.2%

The meat processing equipment market is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a CAGR of 5.2% during the forecast period. This is attributed to the growing consumption of processed meat among consumers, premiumization in meat products, and rising food safety requirement.

Meat Processing Equipment Market

By product type, the precooked meat segment is projected to grow at the highest rate during the forecast period.

Precooked meat products are obtained by mixing fatty tissues, head meat, liver, animal skin, blood, and other edible parts. There are two phases through which this is achieved. In the first phase, the raw meat is heated at a temperature range of around 80-degree Celsius; in the other phase, the meat is heated at a temperature of 80-100-degree Celsius to obtain the final product. As these products utilize a variety of meat parts, various products are offered in this category. This is the key factor driving the market for precooked meat, which, in turn, boosts the precooked meat equipment market.

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The processed pork segment in the meat processing equipment is estimated to dominate the market in 2019.

By meat type, the market for processed pork is estimated to dominate the meat processing equipment market in 2019. The demand for processed pork is high in major regions such as North America and Europe since processed pork is cheaper than processed beef and tastes better than processed mutton. Also, processed pork is available in a number of varieties such as ham, bacon, and sausages, which are very popular in the western countries, such as France and Germany, which account for a significant market share in the processed meat category.

The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period.

The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period. This can be attributed to owing to the largest concentration of meat processors, equipment manufacturers, and distributors involved in the meat processing equipment market. Furthermore, the shortage of labor in this region and the availability of varied equipment are other factors driving this market. Owing to a higher demand for processed meat, many beef processors are present in the region, which has also contributed to its market growth.

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The prominent vendors in the meat processing equipment market include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tool Works (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (US), Biro Manufacturing (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Germany), Minerva Omega Group (Italy), Risco (Italy), Millard Manufacturing Corporation (US), Apache Stainless Equipment Corporation (US), Gee Gee Foods & Packaging (India), PSS Svidnik (Presovsky), Ross Industries (US), and Metalbud Nowicki (Poland).

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