Global Meat Processing Equipment Market Size, Share, Growth & Forecast 2026
by Mack Nene SEO | Digital Marketing
The global meat processing equipment market is anticipated to grow at a substantial rate during the forecast period owing to the increasing demand for protein-rich food particularly meat products around the world. The growing risk of meat-borne diseases and recent outbreak of coronavirus pandemic have further created the demand for meat processing equipment’ as they help in toxin removal and increase meat consistency. Further, the increasing demand for processed and frozen meat is also expected to support the growth of global meat processing equipment market over the coming years.
Meat processing equipment convert the raw meat ingredients into ready-to-eat meat and other meat forms, depending on a consumer’s choice. They ensure easy portability and also enhance the shelf life of the meat product. Moreover, the growing population of meat eating consumers and high disposable incomes are expected to drive the global meat processing equipment market in the coming years.
Global meat processing equipment market can be segmented based on type, meat type, product type and region. Based on type, the market is categorized into cutting equipment, dicing equipment, blending equipment, tenderizing equipment, massaging equipment, smoking equipment, filling equipment, grinding equipment and others. The cutting equipment segment dominated the market in 2020, followed by blending and tenderizing equipment, respectively. However, the massaging equipment segment is predicted to have the highest growth rate during the forecast period due to growing demand for fast and homogeneous formulation.
Based on product type, the global meat processing equipment market is segmented into fresh processed meat, raw fermented sausages, precooked meat, dried meat, cured meat and others. Among them, the fresh processed meat segment is expected to undergo the fastest growth in the meat processing equipment market during the forecast period owing to increased consumer preference for fresh processed meat.
Major companies operating in the global meat processing equipment market include GEA Group AG, Mepaco Group, Key Technology, Inc., JBT Corporation, Minerva Omega Group s.r.l., Bettcher Industries, Inc., Middleby Corporation, Heat and Control, Inc., Illinois Tool Works Inc., Equipamientos Cárnicos, S.L., Marel, Tomra Systems AS, Manitowoc and Biro Manufacturing, among others. Companies are involved in growth strategies like new product launches, collaborations and acquisitions to increase their market share in terms of revenue and enhance their global reach.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyse and forecast the market size of global meat processing equipment market.
- To forecast global meat processing equipment market based on type, meat type, product type, company and regional distribution.
- To identify drivers and challenges for global meat processing equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global meat processing equipment market.
- To identify and analyse the profile of leading players operating in the global meat processing equipment market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of meat processing equipment companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the vendors which could not be identified due to the limitations of secondary research.
TechSci Research calculated global meat processing equipment market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Meat processing equipment manufacturers/companies/partners
- Government bodies such as regulating authorities and policy makers
- Organizations, industry associations, forums and alliances related to meat processing equipment market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as meat processing equipment manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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Created on Apr 30th 2021 09:19. Viewed 238 times.