Meat Processing Equipment Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Type (Slicing Equipment, Dicing Equipment, Grinding Equipment, Blending Equipment, Others), By Meat Type (Beef, Pork, Poultry, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Jun 2022 Report Code: KSI061613967 Pages: 120

The meat processing equipment market is evaluated at US$10.401 billion for the year 2020, growing at a CAGR of 9.24%, reaching a market size of US$19.303 billion by the year 2027.

Meat processing equipment is a type of machinery specifically made with highly advanced techniques and user-friendly features that enable people and food processing companies to process the meat comfortably. There are numerous operations for which these machines are found beneficial in the meat processing sector, due to which these machines have been gaining much traction, thus playing a significant role in positively impacting the market growth during the forecast period. Moreover, the growing concerns regarding hygiene and cleanliness are also expected to add impetus to the market growth over the next five years. The market is also witnessing positive growth in the coming years because of the growing consumption of processed meat coupled with spreading concerns about food safety. Moreover, the rapid adoption of industry 4.0 and the growth of the food processing industry globally, along with the expanding investments by major food processing companies in automated machinery in both developed and developing economies worldwide, will also augment the growth significantly during the projected period. Besides, the investments by market players in the form of R&D for the development and launch of new technologies and products further show the growth potential of the market over the forecast period. Moreover, stringent regulations by the governments of several countries regarding the packaging, processing, and hygiene of meat products for both animal and human consumption propel business growth opportunities for manufacturers in the near future. However, the costs of this machinery are considerably high, which may be considered one of the key factors restricting the demand for this equipment, thus inhibiting growth to some extent during the next five years.

The segmentation of the meat processing market has been arranged based on type, meat type, and geography. By type, the classification of the market has been done based on slicing, dicing, grinding, and blending equipment, and others. Based on meat type, the market has been segmented into beef, pork, poultry, and others. Geographically, the distribution of the market has been done in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Slicing equipment is expected to hold a substantial market share

By type, the slicing equipment is anticipated to hold a significant share in the market because this equipment can be integrated with other machinery involved in meat processing. This saves time in arraignment practices and weighing times, thus enhancing the hygiene of the meat product. However, dicing equipment is anticipated to witness significant growth owing to its speed and consistency. Moreover, there is a burgeoning trend of barbeque restaurants in many parts of the world, particularly in emerging economies, since dicing produces exact and uniform cuts. The blending equipment segment is also projected to show robust growth owing to its growing applications since there has been an increased demand for blended meat patties in burgers and other types of dishes.

Beef to hold a prominent share

By meat type, the beef segment is expected to hold a considerable share in the market because it is one of the most preferred meats consumed globally, owing to its firm texture and intensive flavour. Also, beef is considered an essential part of the diet due to its high protein content. Pork meat is expected to witness substantial growth due to high consumption in many parts of the world despite religious restrictions in some countries. On the other hand, the poultry segment will also hold a decent market share throughout the forecast period due to the significantly high consumption of poultry meat globally.

APAC to show lucrative growth opportunities

By region, North America is anticipated to hold a healthy market share which may be attributed to the early adoption of technology in countries like the United States of America and Canada. Furthermore, the major developments deployed by the major players are anticipated to fuel the market growth in the projected period. Hence, the growing high consumption of meat in these countries is anticipated to propel the market growth since non-veg meals are considered an essential part of the diet of people living across the North American region. The Asia Pacific region is anticipated to witness exponential growth. It is expected to offer lucrative growth opportunities to the manufacturers over the forecast period owing to increased demand for processing equipment on account of growing investments in automated solutions across the food processing sector.

Competitive Insights

The players in the global meat processing equipment market are deploying multiple growth strategies to gain a competitive edge over their competitors and expand their brand presence in this market. Major market players have been covered along with their relative competitive strategies. Furthermore, The company profiles section provides an overview of the individual company's business, the financial performance of public companies, key products and services offered, as well as recent deals and investments in the market.

Key Developments in the Market:

  • In April 2021, GEA expanded its product portfolio with the launch of PowerPak SKIN.50, the latest SKIN thermoforming packaging solution. This provides high-capacity packing of products up to 100mm in height and protrudes up to 50mm above the level of the packing tray to processors of sliced products like hard cheese, sausages, meat cuts, fish, and high-end products such as top-quality seafood. On the same machine, this new thermoforming technology can also perform vacuum and MAP packaging. This thermoforming packaging machine combines the maximum current production capacity with excellent packing quality and the most minimal wrinkles in the finished package. 
  • In October 2021, Duravant LLC, a global provider of engineered equipment and automation solutions for the material handling, food processing, and packaging, announced a substantial investment from funds led by global investment firm Carlyle, as well as a continuation of its partnership with Warburg Pincus, a leading global growth investor. The transaction's terms were not disclosed.
  • In November 2021, ZX-listed Scott Technology announced the signing of a new contract for the design, construction, and commissioning of a world-leading automated beef boning system worth AUD$18 million. Scott Technology has announced a collaboration with two companies: Teys, Australia's leading protein producers, and Meat & Livestock Australia (MLA). The aim was to develop a revolutionary beef solution that would enhance product quality, yield, throughput, and efficiency while increasing the safety of food and operator. 

Covid Impact:

Covid-19 had a significant impact on the meat processing equipment market. The onset of the pandemic, rise in active cases, and mandated lockdown led to the closure of many production facilities for a short duration, reducing productivity. At the same time, there was also a shortage in staffing due to active cases. Furthermore, the closure of ports, halt of airways, and stringent border restrictions affected the imports and exports of multiple countries, slowing down the market growth. Additionally, even though the demand for processed and hygienic meat products has increased amid the pandemic, the demand for new equipment has decreased, which can also be backed up by the fact that major players had reported decreased revenues in 2020.

Meat Processing Equipment Market Scope:

Report Metric Details
 Market size value in 2020  US$10.401 billion
 Market size value in 2027  US$19.303 billion
 Growth Rate  CAGR of 9.24% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Meat Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered GEA Group Aktiengesellschaft, Mepaco, Middleby Corporation, Heat and Control, Inc., TOMRA, JBT Corporation, Marel, Talsabell S.A., Bettcher Industries, Inc., MAINCA, Zigma International, Biro Manufacturing Company
 Customization scope  Free report customization with purchase

 

Segmentation

  • By Type
    • Slicing Equipment
    • Dicing Equipment
    • Grinding Equipment
    • Blending Equipment
    • Others
  • By Meat Type
    • Beef
    • Pork
    • Poultry
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the meat processing equipment market size by 2027?
A1. The meat processing equipment market is projected to reach a market size of US$19.303 billion by 2027.

Q2. What is the size of the global meat processing equipment market?
A2. Meat Processing Equipment Market was valued at US$10.401 billion in 2020.

Q3. What are the growth prospects for the meat processing equipment market?
A3. The global meat processing equipment market is projected to grow at a CAGR of 9.24% over the forecast period.

Q4. What factors are anticipated to drive the meat processing equipment market growth?
A4. There are numerous operations for which these machines are found beneficial in the meat processing sector due to which these machines have been gaining a lot of traction, thus playing a significant role in positively impacting the meat processing equipment market growth.

Q5. Which region holds the largest market share in the meat processing equipment market?
A5. The North American region is anticipated to hold a healthy share in the meat processing equipment market which may be attributed to the early adoption of technology in countries like the United States of America and Canada.

1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of End-Users
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis

5. Meat Processing Equipment Market Analysis, by Type
5.1. Introduction
5.2. Slicing Equipment
5.3. Dicing Equipment
5.4. Grinding Equipment
5.5. Blending Equipment
5.6. Others

6. Meat Processing Equipment Market Analysis, by Meat Type
6.1. Introduction
6.2. Beef
6.3. Pork
6.4. Poultry
6.5. Others

7. Meat Processing Equipment Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. North America Meat Processing Equipment Market, By Type, 2020 to 2027
7.2.2. North America Meat Processing Equipment Market, By Meat Type, 2020 to 2027
7.2.3. By Country
7.2.3.1. USA
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America
7.3.1. South America Meat Processing Equipment Market, By Type, 2020 to 2027
7.3.2. South America Meat Processing Equipment Market, By Meat Type, 2020 to 2027
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Meat Processing Equipment Market, By Type, 2020 to 2027
7.4.2. Europe Meat Processing Equipment Market, By Meat Type, 2020 to 2027
7.4.3. By Country
7.4.3.1.1. Germany
7.4.3.1.2. France
7.4.3.1.3. UK
7.4.3.1.4. Spain
7.4.3.1.5. Italy
7.4.3.1.6. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Meat Processing Equipment Market, By Type, 2020 to 2027
7.5.2. Middle East and Africa Meat Processing Equipment Market, By Meat Type, 2020 to 2027
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Meat Processing Equipment Market, By Type, 2020 to 2027
7.6.2. Asia Pacific Meat Processing Equipment Market, By Meat Type, 2020 to 2027
7.6.3. By Country
7.6.3.1. China
7.6.3.2. India
7.6.3.3. Japan
7.6.3.4. South Korea
7.6.3.5. Indonesia
7.6.3.6. Taiwan
7.6.3.7. Others

8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix

9. Company Profiles 
9.1. GEA Group AG
9.2. Mepaco
9.3. Middleby Corporation
9.4. Heat and Control, Inc.
9.5. TOMRA
9.6. JBT Corporation
9.7. Marel
9.8. Talsabell S.A.
9.9. Bettcher Industries, Inc.
9.10. MAINCA
9.11. Biro Manufacturing Company

GEA Group AG

Mepaco

Middleby Corporation

Heat and Control, Inc.

TOMRA

JBT Corporation

Marel

Talsabell S.A.

Bettcher Industries, Inc.

MAINCA

Biro Manufacturing Company

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us