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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Meat Processing Equipment Market Outlook
The global meat processing equipment market stood at a value of around USD 12.74 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.2% to reach USD 21.84 billion by 2032.
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Increasing Demand for Mutton to Augment the Meat Processing Equipment Industry Growth
Based on meat type, mutton is one of the most prominently consumed meat types in the eastern parts of the globe, namely the Middle East and Africa and the Asia Pacific owing to its natural origin, flavour, and easy availability. Mutton is very popular during festival times. However, its demand has seen a downward trend owing to the outbreak of Scrapie disease in goats and sheep, which affects their nervous system and adversely impacts the meat quality.
The Asia Pacific to Provide Significant Growth Opportunities to the Meat Processing Equipment Industry
Geographically, the application of meat processing equipment is anticipated to increase in the Asia Pacific due to high demand for ready-to-eat food products, stable economic growth, and change in the lifestyle of consumers. During the forecast period, emerging markets, such as India and China, are anticipated to witness a significant increase in demand for meat processing equipment. However, unfavourable government policies such as the Indian government’s ban on beef consumption in some states of the country are anticipated to hamper the trade and consumption of processed beef, thus, affecting the growth of the meat processing equipment industry.
Meat Processing Equipment: Market Segmentation
Meat processing equipment is used to process meat to enhance its shelf life and taste. It helps in converting raw food materials into food items by using various physical and chemical tools. Usually, meat processing equipment is made up of stainless steel. Grinders, chillers, fillers, roasters, cutters, smokers, dicers, tenderisers, blenders, fryers, dryers, mixers, separators, slicers, homogenisers, feeders, and ovens are the various types of meat processing equipment that are available in the market. They find applications in multiple sectors like poultry farms, the dairy industry, the seafood industry, and many more.
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By product type, the market is divided into:
- Slicing Equipment
- Blending Equipment
- Dicing Equipment
- Grinding Equipment
- Massaging and Marinating Equipment
- Smoking Equipment
- Tenderising Equipment
- Others
Based on meat type, the industry can be segmented into:
- Pork
- Mutton
- Beef
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Changing Lifestyle and the Rising Awareness of the Nutritional Value of Meat and Poultry Products to Bolster the Growth of the Global Meat Processing Equipment Industry
Factors behind the growth of the global meat processing equipment industry are changing lifestyle of people, rising consumption of meat and poultry products due to their nutritional value, and the increasing consumer demand for ready-to-eat food products. Moreover, the growing technological advancements in the food and beverage processing industry have positively influenced the market. In addition, the growing focus to enhance meat and poultry processing and adhere to safety regulations implemented by the government are expected to enhance the demand for meat processing equipment in the coming years.
Key Industry Players in the Global Meat Processing Equipment Market
The report gives a detailed analysis of the following key players in the global meat processing equipment market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Key Technology, Inc.
- Minerva Omega Group s.r.l.
- Tomra Systems ASA
- JBT Corporation
- Talsabell S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by Meat Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Meat Processing Equipment Market Report Snapshots
Meat Processing Equipment Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of approximately 12.74 billion.
The market is projected to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 21.84 billion by 2032.
The major drivers of the market include the rising awareness towards consistency of meat products, increasing importance of production quality, and food and employee safety, and the rising investment in food processing machinery.
The key trends guiding the growth of the market include the changing lifestyles of people and the increasing consumption of ready-to-eat meat/food products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Slicing equipment, blending equipment, dicing equipment, grinding equipment, massaging and marinating equipment, smoking equipment, tenderising equipment, among others are the various products of meat processing equipment in the market.
Beef, mutton, pork, and others are the significant meat types in the industry.
The key players in the global meat processing equipment market are Key Technology, Inc., Minerva Omega Group s.r.l., Tomra Systems ASA, JBT Corporation, Talsabell S.A., among others.
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