Press release
Global Meat Processing Equipment Market is expected to grow at a CAGR of 7.6% during the forecast period from 2019-2025
Global Meat Processing Equipment Market 2019, Global Meat Processing Equipment Market Growth,Meat Processing Equipment
Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Dicing, Grinding, Smoking, Massaging, Others), Meat Type, Product Type, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Leading companies in the industry include Marel, EquipamientosCárnicos, S.L., Crown National, Jarvis Industries Canada Ltd., MAJAtronic GmbHamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, recently, the GEA Group AG has launched GEA PerformancePlu, a new concept, which would provide its customers monitoring services, comprehensive analysis reports, and reliable optimization recommendations for sustainable equipment utilization.
The type segment is classified cutting, blending, tenderizing, filling, dicing, grinding, smoking,massaging equipment and other equipment. The massaging equipment segment is expected to grow at a higher CAGR of 9.9% during the forecast period. It is known to ensure fast and homogeneous formulation and to develop specific color of the meat product.Meat type segment is divided into segments such as beef, pork, mutton and others. The pork segment is dominating the market with the highest share 37.80% in 2017. The rising demand for various processed pork products such as hamburgers, sausages, bacon, and trotters has led to the growth of the market. Product Type segment includes fresh processed, raw cooked, precooked, raw fermented, cured, fried and other meats. The fresh processed segment is dominating the meat processing equipment market and valued around USD 3,213.15 Million in 2017. Due to the rising urban population and working segment in the society, there is a shift towards fresh processed meat products, as it saves cooking time.
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Consumer preference towards animal protein in developing nations is one of the driving force. Also, high demand for processed meat along with rise in per capita income and change in lifestyle and preferences of the consumers are another two factors influencing the market growth.But high cost of machineries may hamper the growth of market. However, technological advancement and use of automated processing system should drive the industry growth in coming years.
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