Meat Processing Equipment Market Set for Significant Growth, Projecting $22.6 Billion by 2031 Due to Technological Advancements and Consumer Trends


Posted September 26, 2024 by Prajwalagale001

Meat Processing Equipment Market Set for Significant Growth, Projecting $22.6 Billion by 2031 Due to Technological Advancements and Consumer Trends
 
Meticulous Research®—a leading global market research company—has released its latest research report titled "Meat Processing Equipment Market by Type (Cutters, Mixers and Blenders, Massagers, Tumblers, Tenderizers, Slicers), Mode of Operation (Semi-automatic, Automatic), Category (Processed Meat, Fresh Meat), Meat Type (Beef, Chicken) - Global Forecast to 2031."

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The report forecasts that the meat processing equipment market will reach $22.6 billion by 2031, growing at a CAGR of 6% from 2024 to 2031. Key factors driving this growth include an increasing demand for animal-based food, the necessity to enhance productivity while reducing production costs, and government initiatives aimed at promoting the food processing sector. However, the high costs associated with meat processing equipment may hinder market growth.

Market Segmentation and Future Outlook

The meat processing equipment market is segmented by type (cutters and grinders; smokers, massagers, and tumblers; mixers and blenders; tenderizers; killing and defeathering equipment; slicers; evisceration equipment; cookers, roasters, and grillers; de-heading and gutting equipment; and other equipment), mode of operation (semi-automatic and automatic), category (processed meat and fresh meat), meat type (beef, pork, chicken, mutton, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

In 2024, the cutters and grinders segment is expected to dominate the market due to increasing global meat production and the versatility of these tools in a wide range of meat products. The semi-automatic segment is projected to hold the largest market share due to its ability to enhance labor productivity and flexibility in production processes.

The processed meat category is anticipated to be the largest segment in 2024, driven by rising demand for ready-to-cook food products and ongoing technological advancements in meat processing equipment. Additionally, the beef segment is expected to capture the largest market share, as beef is a major protein source with growing consumer preference.

Regional Insights

The report highlights that the Asia-Pacific region will register the fastest growth from 2024 to 2031, fueled by increasing awareness of protein-rich diets, rapid technological advancements in the food and beverages industry, and a burgeoning economy. The strong demand for meat products in developing nations like China and India, along with urbanization and rising incomes, is driving the preference for convenient ready-to-cook meat offerings.

Key Players

The meat processing equipment market features moderate competition, with several large and small global, regional, and local players. Notable companies operating in this market include:

GEA Group Aktiengesellschaft (Germany)
Marel HF (Iceland)
John Bean Technologies Corporation (U.S.)
The Middleby Corporation (U.S.)
Mepaco Group (U.S.)
Minerva Omega Group s.r.l (Italy)
Heat and Control Inc. (U.S.)
Alfa Laval AB (Sweden)
Equipamientos Cárnicos, S.L (MAINCA) (Spain)
Biro Manufacturing Co (U.S.)
Nordischer Maschinenbau Rudolf Baader GmbH & Co. KG (Germany).

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Issued By Prajwal
Country India
Categories Food
Last Updated September 26, 2024