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Meat Processing Equipment Market to Showcase Continued Growth in the Coming Years

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Meat Processing Equipment Market to Showcase Continued Growth in the Coming Years

January 29
15:40 2021
Meat Processing Equipment Market to Showcase Continued Growth in the Coming Years

MarketsandMarkets™
The meat processing equipment market is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a CAGR of 5.2%

The meat processing equipment market is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a CAGR of 5.2% during the forecast period. This is attributed to the growing consumption of processed meat among consumers, premiumization in meat products, and rising food safety requirement.

Meat Processing Equipment Market

The grinding equipment segment is estimated to account for the largest market share in 2019 in the market.

The grinding equipment segment, by type, is estimated to dominate the meat processing equipment market, by type, in terms of value, in 2019. The primary use of grinding equipment is to grind the large pieces of tenderized meat into smaller pieces. Some of the common grinders are used to separate bone pieces and connective tissues, such as tendons, from the muscle meat. The greater application of grinders for processing a wide range of products, such as minced meat, sausages, hamburgers, and other products, is driving the market for grinding equipment.

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By product type, the precooked meat segment is projected to grow at the highest rate during the forecast period.

Precooked meat products are obtained by mixing fatty tissues, head meat, liver, animal skin, blood, and other edible parts. There are two phases through which this is achieved. In the first phase, the raw meat is heated at a temperature range of around 80-degree Celsius; in the other phase, the meat is heated at a temperature of 80-100-degree Celsius to obtain the final product. 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

North America is projected to account for the largest market share in the market during the forecast period.

The North American market accounted for the largest share in 2018 due to the rising demand for processed meat, the growing investment in meat processing 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. Also, the growing number of new product launches has resulted in the growth of the market in North America.

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The prominent vendors in the meat processing equipment market include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tool Works (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (US), Biro Manufacturing (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Germany), Minerva Omega Group (Italy), Risco (Italy), Millard Manufacturing Corporation (US), Apache Stainless Equipment Corporation (US), Gee Gee Foods & Packaging (India), PSS Svidnik (Presovsky), Ross Industries (US), and Metalbud Nowicki (Poland).

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