Global Meat Processing Equipment Market Growth, Trends, COVID-19 impact and Forecast (2020-2025)
The Global Meat Processing Equipment Market is segmented based on Type (Cutting, Blending, Tenderizing, Filling, Slicing, Grinding, Smoking), Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured), Meat Type (Beef, Mutton, Pork)and Region (APAC, North America, Europe, and ROW).
Introduction
Meat processing equipment is a food processing equipment used to process meat to enhance its taste and shelf life.
It mainly helps in converting raw food materials into food items by using various chemical and physical tools.
Meat processing equipment helps in toxin removal, increasing meat consistency, making distribution responsibility simpler, and preserving the meat.
The outbreak of the novel coronavirus disease is anticipated to have a negative impact on the market growth owing to the closure of food manufacturing facilities and various end-use companies. Even though the demand for processed and hygienic meat products has increased amid the pandemic, the demand for new equipment has decreased, which can also be backed up by the fact that key players have reported reduced revenues.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Premiumization in meat products and innovation in rising efficiency
10.2 Increasing use of advanced technology options such as in-built sensors
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 GEA Farm Technologies
15.2 Mepaco
15.3 Middleby Corporation
15.4 Heat and Control, Inc.
15.5 Tomra
15.6 Talsabell S.A.
15.7 Marel
15.8 Bettcher Industries, Inc.
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The Global meat processing equipment market is expected to grow to $6.92 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with 11.4% CAGR.
North America meat processing equipment market is estimated to account for largest share in terms of revenue in the global meat processing equipment market. Adoption rate of meat processing equipment is projected to increase in Asia-Pacific region.
Key Trends
High R&D expenditure has resulted in the development of new technologies, such as the integration of equipment used for different purposes, including slicing, blending, and grinding into one machine, to save transfer costs and maintain hygiene levels.
Shifting the dietary needs of consumers towards animal proteins is fueling market growth.
Increasing use of private-label processed meat foodstuffs is the growing trend in the meat processing equipment market.
Key Market Players
Several key players are following the strategy of strengthening their supply chain structure by integrating their value chain. They are procuring meat directly from farmers and poultry farm owners, transferring it to processing facilities in controlled conditions, processing them under hygienic conditions, and sending them to retailers in proper conditions to avoid spoilage.
Most prominent players in the market are GEA Farm Technologies, Mepaco, Middleby Corporation, Heat and Control, Inc., Tomra, JBT Corporation, Marel, Talsabell S.A., Bettcher Industries, Inc. and others.
Growth Drivers and Challenges
Safety regulations for sophisticated equipment and a high rise in demand for processed meat are expected to drive the Meat Processing Equipment Market.
Premiumization in meat products and innovation in rising efficiency of the machine, increase in speed, & rise in adoption of an automated processing system is likely to boost the market in the coming years.
Increasing use of advanced technology options such as in-built sensors in equipment for detection of foreign materials in order to improve product quality is expected to boost the market growth.