The report “Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Slicing, Grinding, Smoking), Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured), Meat Type, Mode of Operation, & Region – Global Forecast to 2026″, The meat processing equipment market is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a compound annual growth rate (CAGR) of 5.2% during the forecast period. The major factors driving the growth of the meat processing equipment market include the growing consumption of processed meat products, premiumization in meat products, and rising food safety concerns among consumers.
The massaging equipment segment is projected to grow at the highest CAGR during the forecast period.
The meat processing equipment market is segmented, on the basis of type, into cutting, blending, tenderizing, filling, slicing, grinding, smoking, massaging, and other types (injectors, emulsifiers, and ice flakers).The massaging equipment segment is projected to grow at the highest CAGR during the forecast period, as this equipment has been increasingly used to process both sensitive and less-sensitive meat portion without changing its texture and size, resulting in improved meat products.
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The fresh processed meat segment is projected to account for the largest market share in the meat processing equipment market during the forecast period.
The meat processing equipment market is segmented, on the basis of product type, into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausage, cured meat, dried meat, and other product types (sun drying, mincing, and grinding) The fresh processed meat segment is projected to be a leading segment in the meat processing equipment market due to increased consumer preference for fresh processed meat. Some of the fresh meat products preferred by consumers include sausages, patties, and kebabs.
The market for processed pork is projected to grow at the highest CAGR during the forecast period.
The meat processing equipment market is segmented, on the basis of meat type, into processed beef, processed pork, processed mutton, and other processed meat types (the meat of horses, rabbits, camels, and yaks). The processed pork segment is projected to grow at the highest CAGR during the forecast period, owing to the rising demand for pork due to its high protein, amino acid, and vitamin content. Furthermore, lower prices of processed pork, in comparison with processed beef, are also driving the market.
The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period.
The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period. This can be attributed to owing to the largest concentration of meat processors, equipment manufacturers, and distributors involved in the meat processing equipment market. Furthermore, the shortage of labor in this region and the availability of varied equipment are other factors driving this market. Owing to a higher demand for processed meat, many beef processors are present in the region, which has also contributed to its market growth.
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The prominent vendors in the meat processing equipment market include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tool Works (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (US), Biro Manufacturing (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Germany), Minerva Omega Group (Italy), Risco (Italy), Millard Manufacturing Corporation (US), Apache Stainless Equipment Corporation (US), Gee Gee Foods & Packaging (India), PSS Svidnik (Presovsky), Ross Industries (US), and Metalbud Nowicki (Poland).
Recent Developments:
- In November 2019, Marel opened its new production center in Dongen, Netherlands, because the former location in Dongen no longer met contemporary standards. Therefore, the realization of the new product center was an initiative taken by the company to improve its efficiency.
- In October 2019, Marel acquired Cedar Creek Company (Australia), an Australian firm of specialized software and hardware for meat processors. This would aid the company to manufacture more innovative products and to expand its production line.
- In October 2019, Marel acquired a 50% stake in Curio (Iceland) with the objective of becoming a global supplier of advanced standard equipment for the meat industry.
In June 2019, JBT (US) acquired Proseal (UK) and Prime Equipment Group (US), Inc. to expand its reach and its production line. - In February 2019, GEA Group (Germany) launched a new injection system, Multijector 2mm, which would be used for brining bacon/pork to keep them fresh for a longer duration.
In November 2018, Bettcher signed an agreement with Grasselli (Italy) for its innovative product design. The agreement includes the sale of equipment types, with service activities provided by Bettcher technicians. - In July 2018, Bettcher launched Quantum Flex Trimmers for cutting meat at a greater speed to increase productivity.
- In February 2018, Minerva Omega Group acquired the Italian company ARSA (Italy) to expand its production line and its geographical reach.