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Meat Processing Equipment Market Size, Market Competitive Landscape, Business Growth, Share, And Forecast To 2033
The new report published by The Business Research Company, titled ""Meat Processing Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, the meat processing equipment market size has grown strongly in recent years. It will grow from $11.56 billion in 2023 to $12.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The meat processing equipment market size is expected to see strong growth in the next few years. It will grow to $17.22 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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Elevated Processed Meat Consumption Fuels Growth In The Meat Processing Equipment Market
The increase in consumption of processed meat is expected to propel the growth of the meat processing equipment market going forward. Processed meat provides a number of advantages, including a better taste, a lower risk of meat-borne infections, a longer shelf life, and a high degree of portability. For instance, in June 2021, according to a report published by the Statistics Netherlands, a Netherlands-based government agency, Dutch meat exports amounted to $9.3 billion (18.8 billion euros), with 85 percent consisting of domestically produced or processed meat. The remaining 15 percent pertains to re-exports or transit trade. Therefore, the increasing consumption of processed meat drives the growth of the processed meat market.
Technological Innovation Reshapes The Meat Processing Equipment Market
Technological innovation is a key trend gaining popularity in the meat processing equipment market. Technological innovation is the discovery of knowledge that advances technology. For instance, in April 2021, Germany-based food company GEA launched a thermoforming packaging machine for slicing products, meat cuts, sausages, fish, hard cheese, and high-end seafood named PowerPak SKIN.50. With an excellent shelf life, it prevents oxidation and keeps juices and marinades within the package, and provides a clear view of the entire product, and minimizes packaging waste by using thin films and recyclable paperboard webs.
The meat processing equipment market covered in this report is segmented -
1) By Type: Cutting Equipment, Blending Equipment, Tenderizing Equipment, Filling Equipment, Slicing Equipment, Grinding Equipment, Smoking Equipment, Massaging Equipment, Other Equipment
2) By Meat Type: Beef, Mutton, Pork, Other Meat
3) By Application: Fresh Processed Meat, Precooked Meat, Raw Cooked Meat, Cured Meat, Dry Meat, Raw Fermented Sausages, Other Applications
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Major companies operating in the meat processing equipment market include GEA Group, JBT Corporation, Marel, Illinois Tool Works, The Middleby Corporation, Bettcher Industries, Equipamientos Carnicos, Biro Manufacturing Company, Braher International, RZPO, Bizerba, Riopel Industries, Minerva Omega Group, Risco, Millard Manufacturing Corporation, Apache Stainless Equipment Corporation, Gee Gee Foods & Packaging, PSS Svidnik, Ross Industries Inc., Metalbud Nowicki, Welbilt Inc., Heat and Control Inc., Key Technology Inc., Duravant LLC, Prime Equipment Group Inc., BAADER, BANSS, Stephan Machinery GmbH, Grote Company, Handtmann Maschinenfabrik GmbH & Co. KG, K+G Wetter GmbH, Seydelmann KG, Vemag Maschinenbau GmbH, FPEC Corp., Hollymatic Corporation, Jarvis Products Corporation, Mepaco
Contents of the report:
1. Executive Summary
2. Meat Processing Equipment Market Report Structure
3. Meat Processing Equipment Market Trends And Strategies
4. Meat Processing Equipment Market - Macro Economic Scenario
5. Meat Processing Equipment Market Size And Growth
…..
27. Meat Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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