Meat Processing Equipment Market Size, Share, Trends and Forecast to 2025
Posted by Shristi on November 25th, 2019
“The Global Meat Processing Equipment Market growing at substantial growth rate over the forecast years 2019-2025 to reach US$ 18,127.5 Mn by 2025 due to rise in population demanding for processed meat products across the world.”
The global meat processing equipment market anticipated to grow at notable CAGR to reach US$ 18,127.5 Mn by 2025. Factors impelling the growth of market include rise in demand for packaged and processed food products due to change in lifestyle, grow in international trading of meat products, technological advancements in the meat processing equipment, and surge in number of meat processing industries across the globe. In addition, rise in demand for protein rich food products, grow in meat consistency and shelf life with meat processing, and surge in disposable income are anticipated to surge the meat processing equipment market over the forecast years. However, high cost for initial setup, stringent regulations for the trading of food products, and increase in logistics cost are hinder the growth of meat processing equipment market over the forecast years.
Global meat processing equipment market segmented on the basis of equipment type, meat type, application, and region
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Cutting Equipment Expected to Dominate the Global Meat Processing Equipment Market
Based on the equipment type, global meat processing equipment market segmented into cutting equipment, blending equipment, tenderizing equipment, filling equipment, dicing equipment, grinding equipment, smoking equipment, massaging equipment, and others. Among all the equipment, cutting equipment dominated the market in 2018 with an approximate share of 28.3% and the segment is burgeoning at significant CAGR over the forecast years owing to increase in demand for the packaged and ready to eat meat products from population. Moreover, development of advanced meat cutters also surge the market over the forecast timeframe. However, blending equipment growing at highest growth and creates lucrative opportunities over the forecast timeframe.
North America Leads the Global Meat Processing Equipment market
PBI’s global Meat Processing Equipment market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all the regions, North America accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to rise in demand for processed and ready to eat food products due to busy work schedule, rise in disposable income, and presence of huge number of players in the region. Europe meat processing equipment market growing at 4.9% CAGR over the forecast years owing to rise in population demand for quality food and meat products in Germany, France, UK, and other developed countries in the region.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global Meat Processing Equipment market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In June 2019, GEA launched a new high performance system for improving the quality and yield of meat and poultry products, without interrupting the production process.
Key player’s profiles in the report are BT Corporation, GEA Group AG, Key Technology Inc., Heat and Control, Inc., Illinois Tool Works Inc., The Manitowoc Company, Inc., Millard Manufacturing Corp., Bettcher Industries, Inc., and The Middleby Corporation
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By Equipment Type
By Meat Type
Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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