Meat Processing Equipment Market is estimated to be US$ 12.20 billion by 2030 with a CAGR of 5.3% during the forecast period
Meat Processing Equipment
Market accounted for US$ 7.13 billion in 2020 and is
estimated to be US$ 12.20 billion by 2030 and is anticipated to register a CAGR of 5.3% Meat
processing equipment is a form of food processing equipment that is used to
improve the flavour and shelf life of meat. Using various chemical and physical
techniques, it primarily assists in the conversion of raw food resources into
food items. It is primarily constructed of stainless steel. Chillers, grinders,
roasters, cutters, fillers, dicers, tenderizers, blenders, smokers, fryers,
dryers, mixers, separators, slicers, homogenizers, feeders, and ovens are among
the various types of meat processing equipment available on the market. This
equipment is used in a variety of industries, including chicken farms, the
fisheries business, the dairy industry, and many more.
The report "Global Meat
Processing Equipment Market, By Equipment Type (Dicing Equipment, Tenderizing
Equipment, Blending Equipment, Cutting Equipment, Filling Equipment, Grinding
Equipment, Massaging, Smoking Equipment, and Other Equipment), By Meat Type
(Processed Pork, Processed Mutton, Processed Beef, and Others), By Product Type
(Dried Meat, Raw Fermented Sausages, Fresh Processed Meat, Raw Cooked Meat,
Cured Meat, Precooked Meat, and Other Product Types), and By Region (North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa) -
Trends, Analysis and Forecast till 2030’’
Key Highlights:
·
Marel constructed a new production centre in Dongen, Netherlands, in
November 2019, as the previous location in Dongen no longer fulfilled modern
standards. As a result, the company's decision to build a new product centre
was motivated by a desire to increase productivity.
·
Marel purchased Cedar Creek Company (Australia), an Australian
provider of specialist software and technology for meat processors, in October 2019.
This would enable the corporation to create more creative goods and extend its
manufacturing capabilities.
·
Marel purchased a 50% investment in Curio (Iceland) in October 2019
with the goal of becoming a global supplier of innovative standard equipment
for the meat sector.
Analyst View:
Because of
consumer lifestyle changes and preferences, the meat processing equipment
market is expected to grow in demand. Furthermore, the industry is being driven
by an increase in demand for packaged foods and processed meat products, as
well as an increase in demand for food safety. Meat processing equipment is
custom-made to meet the needs of each individual customer. Toxins are removed
and meat consistency is improved with this technology. Meat processing equipment
is in high demand due to the continued dominance of meat-based culture in many
countries. Furthermore, the increase in meat trade flow has boosted demand for
processed meat with long durability and shelf life, which is likely to drive
the meat processing equipment market forward. The high cost of equipment, on
the other hand, is expected to stymie the industry.
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Key Market
Insights from the report:
Global Meat Processing Equipment Market
accounted for US$
7.13 billion in 2020 and is estimated to be US$ 12.20 billion by 2030 and is
anticipated to register a CAGR of 5.3% The global meat processing
equipment market report segments
the market on the basis of equipment type, meat type, product type, and region.
·
Based
on Equipment Type, Global Meat Processing Equipment Market is segmented into
Dicing Equipment, Tenderizing Equipment, Blending Equipment, Cutting Equipment,
Filling Equipment, Grinding Equipment, Massaging, Smoking Equipment, and Other
Equipment.
·
Based
on Meat Type, Global Meat Processing Equipment Market is segmented into
Processed Pork, Processed Mutton, Processed Beef, and Others.
·
Based
on Product Type, Global Meat Processing Equipment Market is segmented into
Dried Meat, Raw Fermented Sausages, Fresh Processed Meat, Raw Cooked Meat,
Cured Meat, Precooked Meat, and Other Product Types.
·
By
Region, the Global Meat Processing Equipment Market is segmented into North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive
Landscape & their strategies of Global Meat Processing Equipment Market:
Key players in
the global meat processing equipment market includes Marel, Equipamientos
Cárnicos, Crown National, Jarvis Industries Canada Ltd., Bettcher Industries,
Inc., Middleby Corporation, MAJAtronic GmbH, Illinois Tool Works Inc., Mepaco,
GEA Group and Millard Manufacturing Corporation.
The market
provides detailed information regarding the industrial base, productivity,
strengths, manufacturers, and recent trends which will help companies enlarge
the businesses and promote financial growth. Furthermore, the report exhibits
dynamic factors including segments, sub-segments, regional marketplaces,
competition, dominant key players, and market forecasts. In addition, the market
includes recent collaborations, mergers, acquisitions, and partnerships along
with regulatory frameworks across different regions impacting the market
trajectory. Recent technological advances and innovations influencing the
global market are included in the report.
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