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Meat Processing Equipment Market - By Type (Cutting Equipment, Filling Equipment, Grinding Equipment & More), By Meat (Processed Beef, Processed Pork, Others), By Application (Cured Meat, Dried Meat, Precooked Meat, Raw Fermented Sausages, Others), 2023 - 2032
- Report ID: GMI5460
Meat Processing Equipment Market size valued at USD 10 billion in 2022 and is anticipated to expand at a CAGR of 4.5% from 2023 to 2032. The industry growth is owing to rising investments in meat processing equipment and technological advancements in this sector.
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The meat processing equipment market is projected to grow at a significant CAGR through 2032, driven by strict laws surrounding the sale, trade, and transportation of meat under controlled circumstances to prevent rotting & maintain adequate nutritious levels. Increased R&D spending has led to the creation of new technologies such as the merging of many equipment used for slicing, blending, and grinding into one unit to save maintenance & transfer costs.
The U.S., which is one of the prominent countries in North America, is also one of the largest consumers of processed meat in the world. The increased customer preference for clean & simple-to-cook packaged beef products that do not sacrifice flavour or nutritional value is anticipated to have a favourable impact on the country's market expansion.
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The convenience food market growth is being fuelled by the rising number of convenience food sales outlets in driveways, at gas stations, and other public spaces, making it easier for target customers to access convenience meals. The demand for convenience food is also anticipated to be further boosted by customer preferences for nourishment, increasing disposable incomes, and the rising demand for snacks and fried food products. Convenience food companies are always developing new higher-quality goods to meet the global demand for dinnertime options. As a result, customers are willing to pay slightly more for ready-to-eat food items.
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The total world population saw no significant changes in 2021 compared to 2020 and remained at around 7.8 billion. The total population reached its highest value in the observed period in 2021.
Due to the rapidly spreading popularity of blended meat patties in burgers and the use of blended meat in tacos, sausages, meatloaves, and meatballs, there is an increasing need for blending equipment, which is typically used to maintain product homogeneity when mixing ingredients that are both meat & non-meat.
By application, the meat processing equipment market from pre-cooked meat segment is projected to grow at the highest rate during the forecast period. By mixing fatty tissues, head meat, liver, skin, blood, and other edible portions, precooked meat products are created. This can be accomplished through two stages. To produce the finished product, the raw meat is heated twice once in the first phase at a temperature of around 80 degrees Celsius and once in the second phase at a temperature range of 80 to 100 degrees Celsius. There are many goods available in this category as these products use a range of beef parts.
In terms of meat processing equipment, it is projected that the processed pork segment will dominate the meat processing equipment market in 2022. Since processed pork is less expensive than processed beef and tastes better than processed mutton, there is a huge demand from regions including North America and Europe. Moreover, processed pork is offered in a variety of forms including ham, bacon, and sausages, which are particularly popular in western countries including France and Germany that account for a sizable market share.
The North American meat processing equipment market accounted for the largest share in 2022, due to the expanding demand for processed meat, increasing investments in meat processing plants, and the presence of many meat processors in this region including Tyson Foods, Cargill Meat Solutions Inc., and JBS USA.
Some of the leading companies involved in the meat processing equipment market include Mepaco Group, Minerva Omega Group s.r.l, Tomra Systems ASA, JBT Corporation, Talsabell S.A., Nemco Food Equipment, LTD, Middleby Corporation, and Marel. These companies are investing in research & development activities as well as continuously taking strategic initiatives such as new product launches to strengthen their market positions. For instance, in July 2022, JBT Corporation acquired Alco-food-machines GmbH & Co. KG (Alco) to expand the product offering in further processing.