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The meat processing equipment market, estimated at USD 9.63 billion in 2016, is projected to grow at a CAGR of 7.03%, to reach USD 14.59 billion by 2022. The market is primarily driven by factors such as increased demand for processed meat products and rising safety regulations generating the need for sophisticated equipment. The high growth potential in the Asia-Pacific and Rest of the World region and untapped regions provide new growth opportunities for the market players. One of the major restrain in the growth of the meat processing equipment market is increasing cost of raw materials and logistics.
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On the basis of type, the meat processing equipment market was led by the smoking equipment segment, followed by filling equipment and tenderizing equipment, respectively. There is an increasing trend towards usage of smoking equipment, this is due to its feature to improve the flavor as well as longevity of the meat product such as smoking meats, smoking sausages, and smoked meat.
The processed beef segment is projected to be the fastest growing segment, during the forecast period. Due to the rising awareness towards healthiness of eating beef and nutritional benefits of beef consumption, companies are focusing on developing and marketing ready-to-eat beef products that meet consumer nutrition, taste, and food safety needs and thus drive the market for meat processing equipment industry.
Asia-Pacific and Rest of the World is projected to be the fastest-growing market for the period considered for this study, due to the high adoption rate of meat processing equipment in food processing. China and Brazil are expected to lead the market for meat processing equipment in the Asia-Pacific and Argentina and South Africa in Rest of the World region for the next five years, as a result of the acquisitions and establishments of meat processing manufacturers, to cater to the needs of the food processing industry. The U.S. meat processing equipment market not only dominates North America but also the global market.
Leading players profiled in this report:
• GEA Group AG (Germany)
• JBT Corporation (U.S.)
• Key Technology Inc. (U.S.)
• Marel (U.S.)
• Heat and Control, Inc. (U.S.)
• Illinois Tool Works Inc. (U.S.)
• Manitowoc (U.S.)
• The Middleby Corporation (U.S.)
• Bettcher Industries, Inc. (U.S.)
• Equipamientos Cárnicos, S.L. (Spain)
Request a discount on copy of Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Dicing, Grinding, Smoking), Meat Type (Beef, Pork, Mutton), and Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured) - Global Forecast to 2022 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=268914 .
The report segments the meat processing equipment market on the basis of type, meat type, product type, and region. In terms of insights, this research report has focused on various levels of analyses—trade analysis, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global meat processing equipment market, high-growth regions, countries, government initiatives, drivers, restraints, and opportunities.
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