The global Meat Processing Equipment market size is expected to be worth around US$ 18.05 billion by 2028, according to a new report by Vision Research Reports.
The global Meat Processing Equipment market size was valued at US$ 11.31 billion in 2020 and is anticipated to grow at a CAGR of 6.02% during forecast period 2021 to 2028.
The stringent regulations on selling, transportation, and trading of processed and semi-processed meat products are expected to drive the market for meat processing equipment.
The global market is driven by significant investments by large market players in the development of fully automated and integrated machines that can perform multiple functions involved in meat processing in one place to save on transfer costs and maintain proper hygiene.
An increase in demand for packaged processed and semi-processed meat products in countries, such as China, the U.S., India, the U.K., and Germany, is expected to drive the market for meat processing industries. As per the reports published by the U.S. FDA, over 50 million tons of meat is produced each year in the U.S., thus generating demand for meat processing equipment.
Slicing equipment led the market and accounted for a 24.9% share of the global revenue in 2020. Slicing equipment can be integrated with other equipment involved in meat processing, such as weighing machines and tray feeders, which helps in reducing the manual weighing and arrangement practices of sliced products, resulting in improved hygiene of meat.
Dicing equipment is used for producing controlled size cubes, slices, flakes, and strips of fresh, and slightly frozen types of meat. The dicing equipment is generally differentiated by overall operation time, the number of blades, and speed. Due to the global rise in the hospitality industry and the growing trend of barbeque restaurants, the demand for dicing equipment is expected to grow over the forecast period.
Blending equipment is estimated to expand at a CAGR of 5.7% from 2020 to 2027. Their demand is increasing owing to the rapidly growing trend for blended meat patties in burgers and usage of blended meat in making tacos, sausages, meatloaves, and meatballs. Blending equipment is generally used for mixing meat and non-meat ingredients and maintaining the uniformity of the product.
The demand for grinding equipment is expected to witness growth owing to the rising demand for patties, sausages, and pies mixed with spices and other ingredients in fast food restaurant chains. Companies are investing significantly in developing grinding machines with varying speeds and blade sizes for numerous applications, thereby augmenting the segment growth.
Pork led the market and accounted for 44.10% share of the global revenue in 2020. 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. The demand for processing equipment is high for pork processing due to its tough texture.
Mutton is one of the most prominently consumed meat types in the eastern parts of the globe, namely Asia Pacific and the Middle East and Africa, owing to its flavor, natural origin, and easy availability. This type of meat is very popular during festival times. However, its demand has seen a downwards trend owing to the outbreak of Scrapie disease in sheep and goats, which affects their nervous system and negatively affects meat quality.
Beef-based meat is estimated to expand at a CAGR of 5.10% from 2020 to 2027. Beef is one of the most preferred types of red meat owing to its firm texture and intensive flavor. Beef is considered to be an important part of the diet of the western world as it is high in proteins. Common beef processing technologies include chopping, seasoning, mixing/tumbling, casing, and smoking.
Other meat types include venison, horse meat, hare meat, and moose. The consumption of these meat types is primarily based on consumer preferences. For instance, horse meat is usually eaten by high-income class people, whereas rabbit meat is consumed due to its high protein content with low fats. The demand for processing equipment in these meat types is distributed among different regions across the globe.
North America led the market and accounted for a 39.9% share of the global revenue in 2020. The rising demand for meat processing equipment in the region is attributed to the high level of automation used in the food processing industry. In addition, meat is one of the most important parts of the meal in the region owing to its high protein content.
The market in Europe is expected to be driven by the rising awareness about benefits associated with meat products, such as high protein content and immunity-boosting ability. Moreover, innovations in the food processing industry, such as integrating all process equipment into one to minimize human effort and increase hygiene levels, are further anticipated to spur market growth.
Asia Pacific is expected to expand at the fastest CAGR of 6.10% over the forecast period on account of the growing population, with varying income levels and cultural diversions. In addition, rising investments by western countries in the region for opening fast-food outlets have increased the demand for meat processing equipment, advanced the production levels, and decreased the processing times.
Minerva Omega Group s.r.l
Tomra Systems ASA
Nemco Food Equipment, LTD.
Massaging & Marinating Equipment
Meat Type Outlook
Central & South America
Middle East & Africa
The Meat Processing Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Meat Processing Equipment market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Meat Processing Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Meat Processing Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Meat Processing Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Meat Processing Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Meat Processing Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Meat Processing Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Meat Processing Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Meat Processing Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Meat Processing Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Meat Processing Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Meat Processing Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Meat Processing Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Meat Processing Equipment market. These factors have benefited the growth of the global market for Meat Processing Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Meat Processing Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Meat Processing Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Hibiscus Flower Powder Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Bakery Processing Equipment Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Food Waste Management Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Fructose Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...
Whey Protein Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028Read more...