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Meat Processing Equipment Market is estimated to reach USD 9,700 million by 2026, registering 5.2% CAGR during 2019-2026 | Size, Growth & Forecast

09-27-2022 12:23 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Meat Processing Equipment Market

Meat Processing Equipment Market

Meat Processing Equipment Market

The Meat Processing Equipment Market is expected to reach USD 9,700 million by 2026, growing at a CAGR of 5.2% over the forecast period (2019-2026).

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/global-meat-processing-equipment-market/

The factors driving the growth of Meat Processing Equipment Market includes rising consumption of processed meat products, growing influence of western culture around the world, hectic lifestyles and increasing consumers preference for easy-to-cook and clean packaged meat products. According to the report published by Statista, the sales of processed meat products in the international markets in estimated to reach USD 317.7 billion by the end of 2022, expanding at a CAGR of 3% over the forecast period (2022-2027), which will accelerate the Meat Processing Equipment Market size in coming years. Moreover, rising focus by companies on procuring meat directly from famers or poultry farm owners, increase in the launch of innovative meat products by Global fast-food giants such as KFC and McDonald's Corporation and integration of advanced technologies with the meat processing equipment, are some of the additional factors supplementing the Meat Processing Equipment Market Growth. In addition, the increasing investments by key players on research and development, strategic partnerships between industry players, rapid urbanization, and rising population growth rates, are further propelling the Global Meat Processing Equipment Market. 

However, growth of the Meat Processing Equipment Market is hindered due to rising concerns related to consumption of red meat.

The major players operating in the Meat Processing Equipment Market are Illinois Tool Works Inc., Mepaco, The Middleby Corporation, GEA Group AG, John Bean Technologies Corporation, Bettcher Industries, Inc., Equipamientos Cárnicos, S.L., Key Technology Inc., Marel HF and Heat and Control, Inc., among others.

Based on Product Type, the Fresh Processed Meat segment is predicted to grow at a remarkable CAGR during the forecast period

Fresh processed meat products save cooking time and rising awareness among consumers about the benefits of consuming fresh meat products are some of the factors pushing growth of the segment.

Based on Meat, the Pork segment is projected to capture the largest market share during the forecast period

Processed pork in comparatively less expensive than beef and is available in different varieties such as bacon, and sausages, are propelling growth of the segment.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Increasing use of meat products in the American cuisine, growing consumption of local fast-food products, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Development

In 2019, John Bean Technologies Avure has completed the acquisition of high-pressure processing meat technology, which will benefit meat retailers, processors and consumers worldwide.
In 2018, Key Technology Inc. partnered with and Heat and Control, Inc., this partnership enabled Heat and Control Inc. to expand its wider range of solutions for manufacturers of fresh and processed poultry, meat, seafood, snacks and other food products across New Zealand, India and Australia.

Market Segmentation

Segmentation by Equipment

Cutting Equipment
Blending Equipment
Tenderizing Equipment
Filling Equipment
Dicing Equipment
Grinding Equipment
Others

Segmentation by Product Type

Fresh Processed Meat
Raw Cooked Meat
Pre-cooked Meat
Raw-Fermented Meat
Cured Meat
Dried Meat
Others

Segmentation by Meat

Beef
Pork
Mutton

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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