The meat processing equipment market is expected to increase from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, at a CAGR of 5.2% during the forecast period. The meat processing equipment market refers to the industry that manufactures and supplies various types of machinery and equipment used in the processing and packaging of meat products. These equipment are designed to enhance efficiency, improve productivity, and maintain hygiene and safety standards in meat processing facilities.
Market Overview:
The meat processing equipment market has experienced significant growth in recent years due to the increasing demand for processed meat products globally. Factors such as population growth, urbanization, rising disposable incomes, and changing dietary preferences have led to a higher consumption of processed meat, driving the demand for meat processing equipment.
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Key Factors Driving the Market:
Increasing Demand for Processed Meat: As consumer lifestyles become busier, there is a growing preference for convenience foods, including processed meat products such as sausages, bacon, ham, and ready-to-eat meat snacks. This trend has fueled the demand for efficient and automated meat processing equipment.
Technological Advancements: The meat processing industry has witnessed significant technological advancements in recent years. These advancements include the development of high-speed processing machinery, automated systems, intelligent cutting and portioning equipment, and advanced packaging solutions. Such innovations have improved productivity, reduced labor costs, and enhanced the overall efficiency of meat processing operations.
Focus on Food Safety and Hygiene: Stringent food safety and hygiene regulations have become a priority for governments and consumers worldwide. Meat processing equipment manufacturers are investing in research and development to design equipment that meets these regulatory standards. This includes the development of equipment with advanced sanitization features, easy-to-clean designs, and effective contamination prevention systems.
Expansion of Meat Industry: The global meat industry is expanding, driven by population growth, increasing urbanization, and rising per capita meat consumption. This growth has led to the establishment of new meat processing facilities and the expansion of existing ones, resulting in a higher demand for meat processing equipment.
Growing Demand for Plant-Based Meat Alternatives: While the demand for meat processing equipment primarily stems from the meat industry, the rise of plant-based meat alternatives has also created opportunities for equipment manufacturers. As the popularity of plant-based meat substitutes increases, the need for equipment to process and produce these products grows as well.
North America is projected to account for the largest market share in the market during the forecast period.
The North American market accounted for the largest share in 2018 due to the rising demand for processed meat, the growing investment in meat processing facilities, and the presence of a large number of meat processors, such as Tyson Foods, Cargill Meat Solutions Corp., and JBS USA in this region. Also, the growing number of new product launches has resulted in the growth of the market in North America.
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Key Market Players
The key players in the global market include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tools Work (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (Spain), Biro Manufacturing Company (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Canada), Minerva Omega Group (Italy), and Risco (Italy), Millard Manufacturing Corporation (US), Apache Stainless Equipment Corporation (US), Gee Gee Foods & Packaging (India), PSS Svidnik (Presovsky), Ross Industries Inc. (US), and Metalbud Nowicki (Poland). These players have broad industry coverage and strong operational and financial strength.
