Meat Processing Equipment Market: Current Analysis and Forecast (2021-2027)

The global meat processing equipment market is valued around $6.0 billion in 2020 and is likely to showcase a CAGR of ~5.5% during the forecast period (2021-2027). Meat processing equipment is a type of food processing equipment used to process meat to enhance its taste and shelf life. Rising investments in the automation of Meat Processing Equipment machinery in countries, such as Japan, India, the U.K., Germany, and the U.S., are likely to spur the demand for Meat Processing Equipment equipment. For instance, in November 2019, Marel opened its new production center in Dongen, Netherlands, because the former location in Dongen no longer met contemporary standards. Therefore, the realization of the new product center was an initiative taken by the company to improve its efficiency.
World total meat exports reached 38.7 million tonnes, up 5.7 percent from 2019, albeit slower than the 7.4 percent growth registered in 2019. Asia’s imports expanded by 15.8 percent to over 22 million tones, accounting for 63 percent of global meat imports, principally driven by the continued ASF impacts on East Asia’s pig meat production. Induced by the deficit, meat imports by China rose by 57.6 percent, to 11.7 million tones, with pig and poultry meats rising the most.
Furthermore, the increased meat production has been boosting the market for Meat Processing Equipment equipment. The total meat production is estimated at 337.2 million tones (in carcass weight equivalent) in 2020, like the previous year, as increased poultry and ovine meat outputs compensated for pig and bovine meat production contractions. In the pig meat sector, although African swine fever continued to adversely impact production in East Asia, mainly China, the Philippines and Viet Nam, the sector made a faster recovery than had been anticipated. Bovine meat output declines were widespread with reductions in all major geographical regions.
GEA Group Aktiengesellschaft, The Middleby Corporation, Heat and Control, Inc, Marel, Key Technology, Inc, JBT Corporation, Illinois Tool Works Inc. (ITW), Bettcher Industries, Inc, Welbilt, Mepaco Group are some of the prominent players operating in the global Meat Processing Equipment market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst precooked meat, countertop segment holds the major share”
Based on product, the global meat processing equipment market is segmented into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausage, cured meat, and dried. The precooked meat segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. 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.
“Amongst meat, processed pork is anticipated to grow at the highest CAGR during the analyzed period”
Further based on meat, the market is divided into processed beef, processed pork, processed mutton, and other. In 2020, processed pork accounted for a maximum revenue share and is expected to remain dominant during the analyzed period owing to its easy availability. The primary reason for the high demand for pork, despite the religious restriction on its consumption in various parts of the world, is that pork is free of Bovine Spongiform Encephalopathy (BSE) or mad cow disease, which lowers the protein quality in the meat.
“Amongst type, grinding equipment is anticipated to grow at the highest CAGR during the analyzed period”
Further type on product, the market is fragmented into cutting equipment, blending equipment, tenderizing equipment, filling equipment, slicing equipment, grinding equipment, smoking equipment, massaging equipment, and other. In 2020, grinding equipment accounted for a maximum market revenue share and is expected to remain dominant during the analyzed period owing to the increasing consumption of meat products has also been boosting the demand for Meat Processing Equipment in the food industry. For instance, Americans consume an average of 2.4 burgers per day according to the USDA, which is about 50 billion burgers per year.
“North America signifies one of the largest markets of Meat Processing Equipment Market”
For a better understanding of the market dynamics of the Meat Processing Equipment market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America held the considerable market share in 2020. The market in North America is driven by the rising demand for processed meat, the growing investment in Meat Processing Equipment facilities, and the presence of a large number of meat processors, such as Tyson Foods, Cargill Meat Solutions Corp., and JBS USA in this region.
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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive regional level analysis of the industry
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