The global meat processing equipment market is valued around $6.0 billion in 2020 and is likely to showcase a CAGR of ~5.5% during the forecast period (2021-2027). Meat processing equipment is a type of food processing equipment used to process meat to enhance its taste and shelf life. Rising investments in the automation of Meat Processing Equipment machinery in countries, such as Japan, India, the U.K., Germany, and the U.S., are likely to spur the demand for Meat Processing Equipment equipment. For instance, 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.
World total meat exports reached 38.7 million tonnes, up 5.7 percent from 2019, albeit slower than the 7.4 percent growth registered in 2019. Asia's imports expanded by 15.8 percent to over 22 million tones, accounting for 63 percent of global meat imports, principally driven by the continued ASF impacts on East Asia's pig meat production. Induced by the deficit, meat imports by China rose by 57.6 percent, to 11.7 million tones, with pig and poultry meats rising the most.
Furthermore, the increased meat production has been boosting the market for Meat Processing Equipment equipment. The total meat production is estimated at 337.2 million tones (in carcass weight equivalent) in 2020, like the previous year, as increased poultry and ovine meat outputs compensated for pig and bovine meat production contractions. In the pig meat sector, although African swine fever continued to adversely impact production in East Asia, mainly China, the Philippines and Viet Nam, the sector made a faster recovery than had been anticipated. Bovine meat output declines were widespread with reductions in all major geographical regions.
GEA Group Aktiengesellschaft, The Middleby Corporation, Heat and Control, Inc, Marel, Key Technology, Inc, JBT Corporation, Illinois Tool Works Inc. (ITW), Bettcher Industries, Inc, Welbilt, Mepaco Group are some of the prominent players operating in the global Meat Processing Equipment market. Several M&A's along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
"Amongst precooked meat, countertop segment holds the major share"
Based on product, the global meat processing equipment market is segmented into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausage, cured meat, and dried. The precooked meat segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. As these products utilize a variety of meat parts, various products are offered in this category. This is the key factor driving the market for precooked meat, which, in turn, boosts the precooked meat equipment market.
"Amongst meat, processed pork is anticipated to grow at the highest CAGR during the analyzed period"
Further based on meat, the market is divided into processed beef, processed pork, processed mutton, and other. In 2020, processed pork accounted for a maximum revenue share and is expected to remain dominant during the analyzed period owing to its easy availability. The primary reason for the high demand for pork, despite the religious restriction on its consumption in various parts of the world, is that pork is free of Bovine Spongiform Encephalopathy (BSE) or mad cow disease, which lowers the protein quality in the meat.
"Amongst type, grinding equipment is anticipated to grow at the highest CAGR during the analyzed period"
Further type on product, the market is fragmented into cutting equipment, blending equipment, tenderizing equipment, filling equipment, slicing equipment, grinding equipment, smoking equipment, massaging equipment, and other. In 2020, grinding equipment accounted for a maximum market revenue share and is expected to remain dominant during the analyzed period owing to the increasing consumption of meat products has also been boosting the demand for Meat Processing Equipment in the food industry. For instance, Americans consume an average of 2.4 burgers per day according to the USDA, which is about 50 billion burgers per year.
"North America signifies one of the largest markets of Meat Processing Equipment Market"
For a better understanding of the market dynamics of the Meat Processing Equipment market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America held the considerable market share in 2020. The market in North America is driven by the rising demand for processed meat, the growing investment in Meat Processing Equipment 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.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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Meat Processing Equipment equipment is a type of food processing equipment used to process meat to enhance its taste and shelf life. Rising investments in the automation of Meat Processing Equipment machinery in countries, such as Japan, India, the U.K., Germany, and the U.S., are likely to spur the demand for Meat Processing Equipment equipment. For instance, 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.
World total meat exports reached 38.7 million tones, up 5.7 percent from 2019, albeit slower than the 7.4 percent growth registered in 2019. Asia's imports expanded by 15.8 percent to over 22 million tones, accounting for 63 percent of global meat imports, principally driven by the continued ASF impacts on East Asia's pig meat production. Induced by the deficit, meat imports by China rose by 57.6 percent, to 11.7 million tones, with pig and poultry meats rising the most.
Based on type, the global Meat Processing Equipment Equipment market is segmented into cutting equipment, blending equipment, tenderizing equipment, filling equipment, slicing equipment, grinding equipment, smoking equipment, massaging equipment, and other. Currently, grinding equipment dominated the market and is expected to maintain its dominance during the forecast period owing to the large application such as processing a wide range of products, such as minced meat, sausages, hamburgers, and other products, is driving the market for grinding equipment.
Based on meat, the market is divided into processed beef, processed pork, processed mutton, and other. Processed pork dominated the market in 2020 since processed pork is cheaper than processed beef and tastes better than processed mutton.
Based on product, the market is segmented fresh processed meat, raw cooked meat, precooked meat, raw fermented sausage, cured meat, and dried. Currently precooked segment dominates the market and is expected to maintain its dominance during the analyzed period as these products utilize a variety of meat parts, various products are offered in this category.
For a better understanding of the market adoption, report provide detailed analysis for major region and countries including North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for Meat Processing Equipment Equipment due to the rising demand for processed meat, the growing investment in Meat Processing Equipment 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.
Some of the major players operating in the market includes GEA Group Aktiengesellschaft, The Middleby Corporation, Heat and Control, Inc, Marel, Key Technology, Inc, JBT Corporation, Illinois Tool Works Inc. (ITW), Bettcher Industries, Inc, Welbilt, Mepaco Group; etc.
Table of Contents
1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Meat Processing Equipment Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Global Meat Processing Equipment Market
2.1.1 Main Objective of the Global Meat Processing Equipment Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPs MEAT PROCESSING EQUIPMENT INDUSTRY
6 COVID-19 IMPACT
7 GLOBAL MEAT PROCESSING EQUIPMENT MARKET REVENUE
8 MARKET INSIGHTS BY TYPE
8.1 Cutting equipment
8.2 Blending equipment
8.3 Tenderizing equipment
8.4 Filling equipment
8.5 Slicing equipment
8.6 Grinding equipment
8.7 Smoking equipment
8.8 Massaging equipment
8.9 Other
9 MARKET INSIGHTS BY MEAT
9.1 Processed beef
9.2 Processed pork
9.3 Processed mutton
9.4 Other
10 MARKET INSIGHTS BY PRODUCT
10.1 Fresh processed meat
10.2 Raw cooked meat
10.3 Precooked meat
10.4 Raw fermented sausage
10.5 Cured meat
10.6 Dried
11 MARKET INSIGHTS BY REGION
11.1 NORTH AMERICA WORLD MEAT PROCESSING EQUIPMENT MARKET
11.1.1 United States
11.1.2 Canada
11.1.3 Rest of North America
11.2 EUROPE WORLD MEAT PROCESSING EQUIPMENT MARKET
11.2.1 Germany
11.2.2 France
11.2.3 United Kingdom
11.2.4 Spain
11.2.5 Italy
11.2.6 Rest of Europe
11.3 ASIA PACIFIC WORLD MEAT PROCESSING EQUIPMENT MARKET
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 Australia
11.3.5 Rest of Asia Pacific
11.4 REST OF THE WORLD MEAT PROCESSING EQUIPMENT MARKET
12 RECYCLED PLASTICS MARKET DYNAMICS
12.1 Market Drivers
12.2 Market Challenges
12.3 Impact Analysis
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
14.1 Demand Side Analysis
14.2 Supply Side Analysis
14.2.1 Top Product Launches
14.2.2 Top Business Partnerships
14.2.3 Top Merger & Acquisitions
15 VALUE CHAIN ANALYSIS
16 MEAT PROCESSING EQUIPMENT MARKET OPPORTUNITIES
17 MEAT PROCESSING EQUIPMENT MARKET TRENDS & INSIGHTS
18 COMPETITIVE SCENARIO
18.1 Porter's Five forces analysis
18.1.1 Bargaining power of Supplier
18.1.2 Bargaining power of Buyer
18.1.3 Industry Rivalry
18.1.4 Availability of Substitute
18.1.5 Threat of new Entrants
18.2 Competitive Landscape
18.2.1 Company Shares, By Revenue
19 COMPANY PROFILED
19.1 GEA Group Aktiengesellschaft
19.1.1 Key Facts
19.1.2 Business Description
19.1.3 Key Product/Services Offerings Revenue Split
19.1.4 Growth Strategy Financial Overview of GEA Group Aktiengesellschaft
19.1.5 SWOT Analysis
19.1.6 Key Financials Product Launch
19.1.6.1 Partnerships
19.1.6.2 Business Expansion and Investments
19.1.7 Recent Developments Merger and Acquisition
19.1.7.1 Product Launch
19.1.7.2 Partnerships
19.1.7.3 Business Expansion and Investments
19.1.7.4 Merger and Acquisition
19.2 The Middleby Corporation
19.3 Heat and Control, Inc
19.4 Marel
19.5 Key Technology, Inc
19.6 JBT Corporation
19.7 Illinois Tool Works Inc. (ITW)
19.8 Bettcher Industries, Inc
19.9 Welbilt
19.1 Mepaco Group
20 DISCLAIMER
GEA Group Aktiengesellschaft
The Middleby Corporation
Heat and Control
Inc
Marel
Key Technology
Inc
JBT Corporation
Illinois Tool Works Inc. (ITW)
Bettcher Industries
Inc
Welbilt
Mepaco Group