Intensifying the use of automated equipment among industries worldwide will spark market growth.
In terms of value, grinding equipment is estimated to dominate the market for meat processing equipment in 2019. Additionally, the wide-scale practice of using grinding equipment for grinding fragmented pieces of tenderized meat into smaller pieces will expand the market's growth. Moreover, increasing the use of grinders for processing a wide range of products like sausages, minced meat, hamburgers, and other products is expected to boost the market for meat processing equipment on a global scale. Furthermore, growing awareness of production quality, product consistency, food safety, and worker safety are the major drivers of demand for the use of automated equipment across the global meat industry.
The rising trend of technological advancement along with safety and regulatory requirements for high-level machines worldwide will boost the equipment segment.
The adoption of modern biotechnology coupled with new technologies for the meat processing chain has increased the demand for meat processing equipment across the globe. In addition, new guidelines issued by the U.S. government for food companies are likely to increase recalls of meat products that certainly contain plastic, metal, and other foreign materials. For instance, according to the new guidelines by the U.S. Department of Agriculture, enterprises that manufacture beef and pork processed meat will soon have more control over the sorting of hogs, which will expand the market and likely drive the demand for meat processing equipment globally.
Regional Analysis
Dominance is led by the growing consumer demand for processed meat coupled with the presence of global market players.
Increasing demand for meat is expected to be driven by steady economic growth in developing countries, thereby expanding the market for meat processing equipment globally. According to annual projections from the U.S. Department of Agriculture Imports, the U.S. is projected to be the largest importer of beef, with an increase of around 18% in global imports.
Furthermore, the alignment of its BSE policy with the OIE is likely to increase beef trade between the United States and the European Union (EU).On account of growing investment in meat processing facilities, rising demand for processed meat, and the presence of a large number of meat processors, like Cargill Meat Solutions Corp., JBS USA, and Tyson Foods in North America, this will spur the demand for meat processing equipment across the region.
Furthermore, the increasing number of new product launches and changing consumer eating habits toward processed meat have contributed to the growth of the North American meat processing equipment market. In addition, consumer awareness regarding expediency products is one of the most significant factors contributing to the growth of the meat processing industry, mainly in developing economies. Moreover, the rising consumption of fast-packaged food products is likely to have a positive impact, thereby expanding the market's growth.
Rising production of meat such as pork, veal, and beef, growing consumer preferences for protein-rich foods, and an increase in population coupled with disposable income are likely to drive the market for meat processing equipment in North America. Additionally, incremental growth of distribution channels by small suppliers will expand the market, thereby raising demand for meat processing on a global scale.
List of Companies Covered:
GEA Group
JBT Corporation
Marel
Illinois Tool Works
The Middleby Corporation
Bettcher Industries
Equipamientos Carnicos
Biro Manufacturing Company
Braher
RZPO
Bizerba
Riopel Industries
Minerva Omega Group
Key Industry Development:
Marel opened its new production facility center in Dongen, the Netherlands, in November 2019. The new production unit is likely to improve its production efficiency.
In October 2019, Marel acquired Cedar Creek Company, an Australian meat processor firm specializing in software and hardware solutions. This acquisition will aid in the manufacture of more advanced products along with the expansion of its production line.
In October 2019, Marel will become a global supplier of advanced standard equipment for the meat industry with its acquisition of a 50% stake in Curio, Iceland.
In July 2018, Bettcher launched its new meat processing equipment, i.e., "Quantum Flex Trimmers," that will deliver more power, durability, and flexibility as a hand-held power trimmer.
In February 2018, Minerva Omega Group acquired ARSA, an Italian-based firm, thereby expanding its product line inventory and geographical outreach.
Historical and Forecast Period
This study report includes an analysis of each segment from 2017 to 2027, with 2018 as the base year. The compound annual growth rate (CAGR) for each of the respective segments is estimated for the forecast period from 2019 to 2027.
Market Segmentation
The current report also includes qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to provide a complete picture of the overall meat processing equipment market. Additionally, the global report also comprises a graphical representation of the competitive landscape based on their market initiatives and strategies, product portfolios, and business strengths.
Key questions are answered in this report.
What are the current market trends and dynamics in the meat processing equipment market, and what are the valuable opportunities for emerging players?
Which segment accounts for the fastest CAGR during the forecast period?
Which equipment type segment holds a larger market share and why?
Are low- and middle-income economies investing in the meat processing equipment market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and the Middle East and Africa?
Frequently Asked Questions:
The market for Meat Processing Equipment Market is expected to reach USD XX Mn By 2027.
The Meat Processing Equipment Market is expected to see significant CAGR growth over the coming years, at 6.9%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
GEA Group, JBT Corporation, The Middleby Corporation, Biro Manufacturing Company, Riopel Industries are some of the major players in the global market.
