Research Reports And Consulting #Meat Processing Equipment Market

Meat Processing Equipment Market: Key Factors behind Market’s Rapid Growth

Meat processing equipment is used to convert raw meat into the required finished meat product commercially through processes such as cutting, slicing, washing, blending, mixing, grinding, drying, thermal processes, freezing, coating, and cooling. The demand for meat processing equipment is increasing with the growth of the food and meat industry, owing to the increasing consumption of convenient meat products such as raw cooked meat, precooked meat, baked meat, dried meat, and other processed meat products.

Key meat processing equipment players include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tools Work (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (Spain), Biro Manufacturing Company (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Canada), 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, Inc. (US), and Metalbud Nowicki (Poland). Agreements, product launches, partnerships, and acquisitions were the dominant strategies adopted by major players. These strategies have helped them to increase their presence in different regions.

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GEA Group (Germany) is involved in the designing and manufacturing of food processing equipment and other industrial processing equipment catering to the chemical, pharmaceutical, marine, and other industries. The company operates in two major segments: BA equipment and BA solutions. It offers meat processing equipment, such as slicers, injectors, and massagers, under its BA equipment segment, through one of its subsidiaries, GEA Process Engineering Ltd. (Denmark). It focuses on developing products with advanced technologies to keep meat fresh for a longer duration. For instance, in February 2019, GEA introduced a new injection system, Multijector 2mm, that would be used for brining bacon/pork to keep them fresh for a longer duration.Marel (Iceland) is engaged in the manufacturing of processing equipment for the meat, fish, and poultry industries. It operates through four major segments: meat, fish, poultry, and others (water treatment, intralogistics, alternative proteins, and potatoes).

Marel is continuously focused on developing new and innovative products to expand their product portfolios with an emphasis on offering customized products as per customer demands. Also, it is focused on innovating products to increase its range of applications. It follows the strategy of acquiring other companies to expand its product portfolios, services, geographical footprint, and customer base. For instance, in October 2019, it acquired Cedar Creek Company (Australia), a firm specializing in software and hardware for meat processors, which would aid the company to manufacture more innovative products and to expand its production line.

Marel has acquired a wide range of international brands, which include GEBA (Israel), Stork poultry processing (Netherlands), Delford Sortaweigh (UK), Norfo (Norway), and CP food machinery (Denmark), in the recent years.

Meat Processing Equipment Market Growth by Emerging Trends, Analysis, & Forecast

The meat processing equipment market size is projected to grow from USD 6.8 billion in 2019 to USD 9.7 billion by 2026, recording a compound annual growth rate (CAGR) of 5.2% during the forecast period. Meat processing equipment is used to convert raw meat into the required finished meat product commercially through processes such as cutting, slicing, washing, blending, mixing, grinding, drying, thermal processes, freezing, coating, and cooling. The demand for meat processing equipment is increasing with the growth of the food and meat industry, owing to the increasing consumption of convenient meat products such as raw cooked meat, precooked meat, baked meat, dried meat, and other processed meat products.

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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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.

Key Market Players

The key players in the global market include GEA Group (Germany), JBT Corporation (US), Marel (Iceland), Illinois Tools Work (US), The Middleby Corporation (US), Bettcher Industries (US), Equipamientos Carnicos (Spain), Biro Manufacturing Company (US), Braher (Spain), RZPO (Russia), Bizerba (Germany), Riopel Industries (Canada), Minerva Omega Group (Italy), and Risco (Italy), Millard Manufacturing Corporation (US), Apache Stainless Equipment Corporation (US), Gee Gee Foods & Packaging (India), PSS Svidnik (Presovsky), Ross Industries Inc. (US), and Metalbud Nowicki (Poland). These players have broad industry coverage and strong operational and financial strength.

GEA Group (Germany) is involved in the designing and manufacturing of food processing equipment and other industrial processing equipment catering to the chemical, pharmaceutical, marine, and other industries. The company operates in two major segments: BA equipment and BA solutions. It offers meat processing equipment, such as slicers, injectors, and massagers, under its BA equipment segment, through one of its subsidiaries, GEA Process Engineering Ltd. (Denmark). It focuses on developing products with advanced technologies to keep meat fresh for a longer duration. For instance, in February 2019, GEA introduced a new injection system, Multijector 2mm, that would be used for brining bacon/pork to keep them fresh for a longer duration.

Marel (Iceland) is engaged in the manufacturing of processing equipment for the meat, fish, and poultry industries. It operates through four major segments: meat, fish, poultry, and others (water treatment, intralogistics, alternative proteins, and potatoes). Marel is continuously focused on developing new and innovative products to expand their product portfolios with an emphasis on offering customized products as per customer demands. Also, it is focused on innovating products to increase its range of applications. It follows the strategy of acquiring other companies to expand its product portfolios, services, geographical footprint, and customer base. For instance, in October 2019, it acquired Cedar Creek Company (Australia), a firm specializing in software and hardware for meat processors, which would aid the company to manufacture more innovative products and to expand its production line.

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Marel has acquired a wide range of international brands, which include GEBA (Israel), Stork poultry processing (Netherlands), Delford Sortaweigh (UK), Norfo (Norway), and CP food machinery (Denmark), in the recent years.

Opportunities for New Market Entrants in Meat Processing Equipment Market

The demand for meat processing equipment is increasing with the growth of the food and meat industry, owing to the increasing consumption of convenient meat products such as raw cooked meat, precooked meat, baked meat, dried meat, and other processed meat products.

Agreements, product launches, partnerships, and acquisitions were the dominant strategies adopted by major players. These strategies have helped them to increase their presence in different regions.

To know about the assumptions considered for the study Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1253

It offers meat processing equipment, such as slicers, injectors, and massagers, under its BA equipment segment, through one of its subsidiaries, GEA Process Engineering Ltd. (Denmark). It focuses on developing products with advanced technologies to keep meat fresh for a longer duration. For instance, in February 2019, GEA introduced a new injection system, Multijector 2mm, that would be used for brining bacon/pork to keep them fresh for a longer duration.Marel (Iceland) is engaged in the manufacturing of processing equipment for the meat, fish, and poultry industries.

It operates through four major segments: meat, fish, poultry, and others (water treatment, intralogistics, alternative proteins, and potatoes). Marel is continuously focused on developing new and innovative products to expand their product portfolios with an emphasis on offering customized products as per customer demands. Also, it is focused on innovating products to increase its range of applications. It follows the strategy of acquiring other companies to expand its product portfolios, services, geographical footprint, and customer base.

For instance, in October 2019, it acquired Cedar Creek Company (Australia), a firm specializing in software and hardware for meat processors, which would aid the company to manufacture more innovative products and to expand its production line.Marel has acquired a wide range of international brands, which include GEBA (Israel), Stork poultry processing (Netherlands), Delford Sortaweigh (UK), Norfo (Norway), and CP food machinery (Denmark), in the recent years.

Meat Processing Equipment Market By Technology Advancements & Business Outlook

The report "Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Slicing, Grinding, Smoking), Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured), Meat Type, Mode of Operation, & Region - Global Forecast to 2026", published by MarketsandMarket. 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 compound annual growth rate (CAGR) of 5.2% during the forecast period. The major factors driving the growth of the meat processing equipment market include the growing consumption of processed meat products, premiumization in meat products, and rising food safety concerns among consumers.

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The massaging equipment segment is projected to grow at the highest CAGR during the forecast period.

The meat processing equipment market is segmented, on the basis of type, into cutting, blending, tenderizing, filling, slicing, grinding, smoking, massaging, and other types (injectors, emulsifiers, and ice flakers).The massaging equipment segment is projected to grow at the highest CAGR during the forecast period, as this equipment has been increasingly used to process both sensitive and less-sensitive meat portion without changing its texture and size, resulting in improved meat products.

Browse in-depth TOC on "Meat Processing Equipment Market"

117 - Tables
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The fresh processed meat segment is projected to account for the largest market share in the meat processing equipment market during the forecast period.

The meat processing equipment market is segmented, on the basis of product type, into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausage, cured meat, dried meat, and other product types (sun drying, mincing, and grinding) The fresh processed meat segment is projected to be a leading segment in the meat processing equipment market due to increased consumer preference for fresh processed meat. Some of the fresh meat products preferred by consumers include sausages, patties, and kebabs.

The market for processed pork is projected to grow at the highest CAGR during the forecast period.

The meat processing equipment market is segmented, on the basis of meat type, into processed beef, processed pork, processed mutton, and other processed meat types (the meat of horses, rabbits, camels, and yaks). The processed pork segment is projected to grow at the highest CAGR during the forecast period, owing to the rising demand for pork due to its high protein, amino acid, and vitamin content. Furthermore, lower prices of processed pork, in comparison with processed beef, are also driving the market.

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The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period.
The North American region is projected to account for the largest market share in the meat processing equipment market during the forecast period. This can be attributed to owing to the largest concentration of meat processors, equipment manufacturers, and distributors involved in the meat processing equipment market. Furthermore, the shortage of labor in this region and the availability of varied equipment are other factors driving this market. Owing to a higher demand for processed meat, many beef processors are present in the region, which has also contributed to its market growth.

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).