Meat Processing Equipment Market: Mergers between the local as well as global players hampers the global industry, finds ZMR

02-May-2017 | Zion Market Research

Meat is considered and eaten as a staple food item in various regions of the globe. Meat has elevated content of water, protein, and fat. There has been a tremendous development in a number of meat lovers all over the globe owing to its immense taste. Meat processing is the method for making simpler the meat for enhanced taste and simple cooking. Natural meat gets blemished due to the emission of different enzymes after the process of butchering. This has led to the elevated use of processing methods to avoid the spoilage of meat. The meat processing tool offers lofty efficiency during the process, initiating from killing and ending with marinating. In 2015 the global meat processing equipment market was esteemed at over $9,441.8 Million. In 2021, the global meat processing equipment market is anticipated to reach above $14,490.6 Million and is projected to grow at a rate of 7.4 % CAGR from 2016 to 2021.

Mergers between the local as well as global players are the main reason that is hampering the global meat processing equipment market. For instance, WH Group Ltd. overtook Shuanghui International in January 2014, thus boosting the development of the global market. Also, rising demand from the industry is another factor towering the growth of the global market. Apart from this, increasing applications also hold for fueling the growth of the global market.

Based on the type of meat, the global meat processing equipment market is divided as chicken meat, duck meat, turkey meat, and others. On the basis of the type of equipment, the global meat processing equipment market is bifurcated into cut-up, killing & de-feathering, deboning & skinning, evisceration, freezing, marinating & tumbling, and others.

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Some of the prominent players in the global meat processing equipment market are Tyson Foods Inc., Cargill Inc., GEA Group AG, Illinois Tool Works, Marel hf, Tomra Systems ASA, Cherkizovo Group, Bettcher Industries Inc., Sanderson Farms Inc., Tyson Foods Inc., Manitowoc, Key Technology Inc., Tonnies Fleisch, Weber GmbH, Vion Group, John Bean Technologies Corp., Shuanghui International, WH Group Ltd., Tool Works Inc., Hormel Foods, Tetra Laval International SA, Nippon Meat Packers Inc., Cargill Inc., Middleby Corporation, and Tyson Foods Inc.

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