Meat Processing Equipment Market to Reach $22.6 Billion by 2031

Meticulous Research®-a leading global market research company, published a research report titled, 'Meat Processing Equipment Market by Type (Cutters, Mixers and Blenders, Massagers, Tumblers, Tenderizers, Slicers) Mode of Operation (Semi-automatic, Automatic), Category (Processed Meat, Fresh Meat), Meat Type (Beef, Chicken) - Global Forecast to 2031'

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According to this latest publication from Meticulous Research®, the meat processing equipment market is projected to reach $22.6 billion by 2031, at a CAGR of 6% from 2024 to 2031. The growth of the meat processing equipment market is mainly driven by the increasing demand for animal-based food, the growing need to increase productivity and reduce production costs, and government support to promote the food processing industry. However, the high cost of equipment is expected to restrain the growth of this market.

The meat processing equipment market is segmented by type (cutters and grinders; smokers, massagers, and tumblers; mixers and blenders; tenderizers; killing and defeathering equipment; slicers; evisceration equipment; cookers, roasters, and grillers; de-heading and gutting equipment; and other meat processing equipment), by mode of operation (semi-automatic and automatic), category (processed meat and fresh meat), meat type (beef, pork, chicken, mutton, and other types of meat), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Based on type, in 2024, the cutters and grinders segment is expected to account for the largest share of the meat processing equipment market. The segment's large market share is attributed to increasing global meat production and consumption and the great application of cutters and grinders in the wide range of meat products.

Based on mode of operation, in 2024, the semi-automatic segment is expected to account for the largest share of the global meat processing equipment market. The segment's large share is attributed to the benefits of semi-automatic food processing equipment, such as greatly improved labor productivity, flexibility in production processes, and technical & economic feasibility.

Based on category, the processed meat segment is expected to account for the largest share of the meat processing equipment market in 2024. The segment`s large market share is mainly attributed to the increasing demand for ready-to-cook food products and growing innovation and technological advancement in the equipment for meat processing. Also, the growing urbanization and increasing per capita income among millennials is further expected to boost the growth of processed meat, which ultimately supports the dominant position of this segment.

Based on meat type, in 2024, the beef segment is expected to account for the largest share of the meat processing equipment market. The large market share of this segment is attributed to the growing demand for beef, as it is a major source of protein. Usually, cattle and buffalo meat have a higher protein content as compared to other meat types, including chicken, pork, turkey, and lamb. Awareness associated with the consumption of protein through high nutritional food and growing preference for beef over other meats owing to various diseases associated with poultry and pork is further expected to drive the growth of this market.

Based on geography, Asia-Pacific is expected to register the fastest growth during the forecast period of 2024-2031. The fast growth of this regional market is due to the increasing awareness regarding the importance of protein-rich diets, the rising technological advancement and new product innovations in the food & beverages industry, the fast-growing economy, and the strong demand for meat and meat products in developing countries, including China and India. Moreover, rapid urbanization, rising income, and changing lifestyles in the Asia-Pacific region have resulted in consumers opting for convenient ready-to-cook meat products.

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Key Players

The meat processing equipment market is characterized by moderate competition due to the presence of many large and small-sized global, regional, and local players. The key players operating in the meat processing equipment market are GEA Group Aktiengesellschaft (Germany), Marel HF (Iceland), John Bean Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Mepaco Group (U.S.), Minerva Omega Group s.r.l (Italy), Heat and Control Inc. (U.S.), Alfa Laval AB (Sweden), Equipamientos Cárnicos, S.L (MAINCA) (Spain), Biro Manufacturing Co (U.S.), and Nordischer Maschinenbau Rudolf Baader GmbH & Co. KG (Germany).

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This release was published on openPR.