The global Meat Processing Equipment Market accounted for USD 13649.1 Million in 2020 and is expected to reach USD 20380.8 Million by 2028, growing at a CAGR of 5% from 2021 to 2028.
The global Meat Processing Equipment Market accounted for USD 13649.1 Million in 2020 and is expected to reach USD 20380.8 Million by 2028, growing at a CAGR of 5% from 2021 to 2028.
The global meat processing equipment market is especially boosted by the rising requirement for meat due to its high nutritional value. Additionally to the present, increasing employment of automated tools by the main companies rather than traditional equipment stimulates the event of worldwide meat processing equipment market. Meat is extremely fragile. Hence processing it's essential to avoid the meat from deteriorating. Although, complications for handling the devices as compared to conformist methods and high initial price of kit might impede the event of worldwide meat processing equipment market.
Yet, major industries aim on designing automated tools to affect the high productivity and labor cost. This trend is predicted to ascertain the high development of the worldwide meat processing equipment market within the near future. Rising technical enhancements within the production of kits are additionally one among the explanations to spice up the worldwide meat processing equipment market. as an example, in March 2018, GEA Group unrolled RAY™ PP batch freeze dryers. These dryers are designed for little scale drying of food items like vegetables, fruits, herbs, coffee, seafood, meat, etc thereby boosting the global meat processing equipment market.
The global meat processing equipment market has witnessed a decrease in the sales for overall meat processing equipment products due to the lockdown enforcement placed by governments to contain COVID spreading. People had no option but to remain indoors, so the consumption of products had decreased drastically. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain. However, the world markets are slowly opening to their full potential, and theirs a surge in demand for Meat Processing Equipment.
Rising investments in the automation of meat processing machinery in countries, such as Japan,the U.K. India, Germany, and the U.S., are likely to spur the demand for meat processing equipment. In recent years, there has been an unceasing rise in life expectancy and more attention to quality. Also, consumers are progressively becoming more aware of their health and have started paying more attention to their lifestyles and healthy diets, which has rushed the demand for meat processing equipment across the globe.
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
The meat processing equipment market can be segmented on basis of meat types such as duck meat, chicken meat, turkey meat, and other types. Other meat types include venison, horse meat, hare meat, and moose. The consumption of these meat types is primarily based on consumer preferences. Chicken meat is estimated to expand at a CAGR of more than 4% from 2020 to 2028 and is one of the most preferred types of meat owing to its flavor. Different types of equipment designed for the processing of meat are killing & de-feathering, cut-up, evisceration, deboning & skinning, marinating & tumbling, freezing and others.
Regionally, 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 Cargill Meat Solutions Corp., Tyson Foods, 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. Also, the U.S. has proved to be the largest consumer, experiencing the highest demand, owing to growing health consciousness and increasing disposable income of consumers.
The Asia Pacific is probably going to be the quickest developing division for the Meat Processing Equipment market within the years. China, Australia, and India are also anticipated to witness significant growth in the coming years. The center East and Latin America are likely to develop rapidly within the Meat Processing Equipment market shortly.
Some of the key players in the Meat Processing Equipment Market are Duravant, Prime Equipment Group, Inc., BAADER, BANSS, Stephan Machinery GmbH, Marel, Lyco Manufacturing, Inc, BIRO Manufacturing Company, Mepaco, Bettcher Industries, Inc, Marlen International, and A-One Manufacturing LLC are some of the major players in the global meat processing equipment market. There has been a huge requirement for the processed meat market in developed nations. This led the major players in the global meat processing equipment market to aim at the enhancement of automated machinery.
By Equipment Type
By Meat Type
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Meat Type
FIG NO. 2. Market Attractiveness Analysis, By Equipment Type
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Meat Processing Equipment Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Meat Type, 2020 & 2028
FIG NO. 7. Global Meat Processing Equipment Market for Duck meat, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Meat Processing Equipment Market for Duck meat, By Country, 2020 & 2028
FIG NO. 9. Global Meat Processing Equipment Market for Chicken meat, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Meat Processing Equipment Market for Chicken meat, By Country, 2020 & 2028
FIG NO. 11. Global Meat Processing Equipment Market for Turkey meat, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Meat Processing Equipment Market for Turkey meat, By Country, 2020 & 2028
FIG NO. 13. Global Meat Processing Equipment Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Meat Processing Equipment Market for Others, By Country, 2020 & 2028
FIG NO. 15. Market Revenue Share, By Equipment Type, 2020 & 2028
FIG NO. 16. Global Meat Processing Equipment Market for Killing & defeathering, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Meat Processing Equipment Market for Killing & defeathering, By Country, 2020 & 2028
FIG NO. 18. Global Meat Processing Equipment Market for Cut-up, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Meat Processing Equipment Market for Cut-up, By Country, 2020 & 2028
FIG NO. 20. Global Meat Processing Equipment Market for Evisceration, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Meat Processing Equipment Market for Evisceration, By Country, 2020 & 2028
FIG NO. 22. Global Meat Processing Equipment Market for Freezing, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Meat Processing Equipment Market for Freezing, By Country, 2020 & 2028
FIG NO. 24. Global Meat Processing Equipment Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Meat Processing Equipment Market for Others, By Country, 2020 & 2028
FIG NO. 26. Global Meat Processing Equipment Market Revenue Share, By Region, 2020 & 2028
FIG NO. 27. North America Meat Processing Equipment Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 28. Porter’s Five Forces Analysis for Global Meat Processing Equipment Market
FIG NO. 29. PEST Analysis for Global Meat Processing Equipment Market
FIG NO. 30. Pricing Analysis for Global Meat Processing Equipment Market
FIG NO. 31. Value Chain Analysis for Global Meat Processing Equipment Market
FIG NO. 32. Company Share Analysis, 2019
FIG NO. 33. Radar Determinant Chart, 2019
FIG NO. 34. Company Strategic Developments – Heat Map Analysis
FIG NO. 35. Business Segment Revenue Share, 2020 (%)
FIG NO. 36. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 37. Market Channels
FIG NO. 38. Marketing Channel Development Trend
FIG NO. 39. Growth in World Gross Product, 2008-2018
FIG NO. 40. Research Methodology – Detailed View
FIG NO. 41. Research Methodology
List of Tables
TABLE NO. 1. Global Meat Processing Equipment Market: Snapshot
TABLE NO. 2. Quarterly Meat Processing Equipment Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Meat Processing Equipment Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Meat Processing Equipment Market for Duck meat, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Meat Processing Equipment Market for Chicken meat, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Meat Processing Equipment Market for Turkey meat, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Meat Processing Equipment Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Meat Processing Equipment Market for Killing & Defeathering, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Meat Processing Equipment Market for Cut-up, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12 Global Meat Processing Equipment Market for Freezing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Meat Processing Equipment Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14 Global Meat Processing Equipment Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 15. North America Meat Processing Equipment Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 16. North America Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 17. North America Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 18. U.S. Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 19. U.S. Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 20. Canada Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 21. Canada Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 22. Mexico Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 23. Mexico Meat Processing Equipment Market Revenue, By Meat Type, 2016 – 2028 (USD Million)
TABLE NO. 24. Drivers for the Meat Processing Equipment Market: Impact Analysis
TABLE NO. 25. Restraints for the Meat Processing Equipment Market: Impact Analysis
TABLE NO. 26. Major Buyers
TABLE NO. 27. Distributors/Traders List
TABLE NO. 28. Global Meat Processing Equipment Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 29: Global Meat Processing Equipment Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
This report is based on in-depth qualitative and quantitative analyses of the global Meat Processing Equipment market. Zion Research has collected and analyzed key data belong to the global Meat Processing Equipment market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined afterconducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Meat Processing Equipment across the world has been calculated through primary and secondary research.
Zion Research employs combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include, STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Meat Processing Equipment industry. Primary research makes up major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Meat Processing Equipment market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Meat is the livestock animal flesh, with high protein content. Meat processing industry plays a major role in economy and feeding the world’s huge population base. Meat processing equipment simplifies the process and makes meat tender which improves the taste and eases the cooking. The equipment reduces the labor cost and yields high end-use products. The spending capability over the processed foods is rising tremendously hence there is huge growth of meat processing market.
Meat is one of the high protein content foods and hence there is huge demand for meat which results in escalating the growth of processed meat and meat processing equipment market. The major industries are replacing conventional machinery with the advance automated machines to overcome the labor cost, attain high productivity and improve the quality of finished products. This factor is likely to drive the meat processing equipment in the forecast period. Moreover, meat is perishable so processing is the essential part to prevent it from deteriorating. This fact further stimulates the growth of this market.
However, high cost of equipment and complexity in handling the machines as compared to conventional methods is the major restrains for meat processing equipment market. Nevertheless, ongoing research from the key organizations for fully automated system is likely to offer new growth prospects to the market in near future. In addition, increasing demand from the emerging economics and investment of major players in the India and China for the processing plant is likely to open new opportunities in the near future.
The meat processing equipment market can be segmented on the basis of meat type, equipment and region. There are three widely consumed types of meats which include duck meat, chicken meat, turkey meat and other types. Chicken is the potential segment and is expected to maintain its growth owing to stringent laws in some of the regions on the consumption of beef. The meat processing is accomplishing huge demand which in turn has forced the manufactures to innovate the processing equipment. Several equipments such as killing & defeathering, cut-up, evisceration, deboning & skinning, marinating & tumbling, freezing and others are the most widely used equipments for the processing methods. Killing & defeathering equipment is significantly growing segment owing to high requirement from the processing industry.
North America and Europe are considered to be the most prominent markets for the meat processing equipment. North America has maximum percentage of meat eaters on daily basis. As per U.S. Department of Agriculture, average American consumption of meat in 2012 was 71.2 pounds of red meat and 54.1 pounds of poultry. Asia Pacific is witnessing an unprecedented boom in recent times. This mainly contributed by increasing consumption of meat along with surging discretional income from the emerging countries particularly India and China. Processed meat is gaining demand in Asia Pacific due to ease of cooking and great taste. Latin America exhibits higher growth rate owing to changing preference towards the processed meat.. Middle East and Africa are likely to experience sustainable growth in the near future owing to improving living standards.
The meat processing equipment market comprises of major players such as Prime Equipment Group, Inc., Duravant, BANSS, BAADER, Marel, Stephan Machinery GmbH, BIRO® Manufacturing Company, Lyco Manufacturing Inc., Bettcher Industries, Inc, Mepaco, A-One Manufacturing LLC and Marlen International among others.
The global Meat Processing Equipment Market was valued at USD 13649 Million in 2020.
The global Meat Processing Equipment Market is expected to reach USD 20380.8 Million by 2028, growing at a CAGR of 5% between 2021 to 2028.
The global meat processing equipment market is mainly boosted by the rising requirement for meat owing to its high nutritional value.
North America in 2020 ruled the Meat Processing Equipment Market and was believed to be the highest income-generating area all over the globe.
Some of the key players in the Meat Processing Equipment Market are Duravant, Prime Equipment Group, Inc., BAADER, BANSS, Stephan Machinery GmbH, Marel, Lyco Manufacturing, Inc, BIRO Manufacturing Company, Mepaco, Bettcher Industries, Inc, Marlen International, and A-One Manufacturing LLC are some of the major players in the global meat processing equipment market.
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