Meat Processing Equipment Market to Reach USD 19.6 Billion by 2031 | Top Players such as - Welbilt, Inc., GEA Group AG, The Middleby Corporation

According to a new report published by Allied Market Research, titled, "Meat Processing Equipment Market," The meat processing equipment market size was valued at $12.3 billion in 2021, and is estimated to reach $19.6 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031. Meat is either consumed as a processed meat product or as a component of kitchen-style food preparations. Processed meat is meat that is modified to improve its taste and shelf life. Processed meat products, although in some regions still in their infancy, are globally gaining ground in popularity and consumption volume.

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The global meat processing equipment market growth is driven by factors, including the increase in the demand for meat, change in the lifestyle of people and consumers' inclination toward the use of ready-to-eat packaged food products. Furthermore, the market has been significantly influenced by the food and beverage processing industry. Also, the demand for meat processing equipment is expected to grow due to the increase in the demand for meat and poultry processing as well as safety regulations in the processing sector.

Regional Outlook:

By region, North America garnered the highest share in 2021, holding more than one-third of the global meat processing equipment market revenue and expected to maintain its leadership status throughout the forecast period. The convenience of storage, decline in meat prices, and improvement in meat quality all over the world are expected to drive the growth of the processed meat market. Additionally, due to the high protein content in processed meat, raw cooked meat consumption has increased in North America, which is predicted to further boost the market growth for meat processing equipment. Moreover, regional and global demand for meat products, as well as population growth boost the growth of the meat processing equipment market.

Leading Key Players

The key players profiled in the report include Welbilt, Inc., GEA Group AG, The Middleby Corporation, Heat and Control, Inc., Marel, Key Technology, Inc., JBT Corporation, Illinois Tool Works Inc. (ITW), Bettcher Industries, Inc. and Equipamientos Cárnicos, S.L. (Mainca).

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By application, the fresh processed meat contributed to the major share in 2021, holding more than one-fifth of the global meat processing equipment market revenue and is projected to rule the roost by 2031. The segment growth is attributed to rapid urbanization and rising food prices in developing nations. The use of fresh processed meat in sausages, burger patties, and kebabs further boosts the meat processing equipment market. On the other hand, the raw cooked meat segment would portray the fastest CAGR of 5.8% from 2022 to 2031. Owing to the consumption of raw cooked meat, such as hamburgers, the segment is quickly growing.

Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Meat Processing Equipment Market.
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✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
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Based on meat type, the processed pork segment has been gaining a significant share in the global meat processing equipment market and is expected to sustain its share during the forecast period. Pork is edible meat obtained from domestic pigs and is the most common type of meat consumed worldwide. It is highly prized in various Asian cuisines for its high-fat content and pleasant texture. Pork processing can be divided into three broad stages- slaughtering, cutting, and further processing

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