The new report by Expert Market Research titled, ‘Global Meat Processing Equipment Market Trends, Share, Price, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global meat processing equipment market, assessing the market based on its segments like product types, meat types, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6%
The meat processing equipment market is being driven by the increasing consumer demand for ready-to-eat food products, lifestyle changes, and preferences of the consumers. Meat processing equipment is used to remove toxins and increase meat consistency. Increase in the trade flow of meat has increased the demand for processed meat with high durability and shelf life, which is expected to drive the growth of the meat processing equipment market.
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Additionally, emerging markets and increase in spending power of consumers, rising awareness of the nutritional value of meat and poultry products, and changing patterns of food consumption are also contributing positively to the growth of the market.
Industry Definition and Major Segments
The meat processing equipment is useful to decrease harmful bacteria and make the meat ready for human consumption. It is used to process meat to enhance its shelf life and taste. This equipment is helpful to perform various operations such as chopping, mixing, tumbling, salting curing, cutting, drying, heat treatment, fermentation, and much more.
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By product type, the market is categorised into:
• Slicing Equipment
• Blending Equipment
• Dicing Equipment
• Grinding Equipment
• Massaging and Marinating Equipment
• Smoking Equipment
• Tenderising Equipment
Based on meat type, the industry can be divided into:
The regional markets for meat processing equipment include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The rising consumer consciousness towards high quality nutritional products such as meat is likely to aid the market. Further, premiumisation in meat products and a rise in the adoption of automated processing systems is likely to be another key trend bolstering the market growth in the forecast period.
The growth in the demand for packaged and unpackaged food items and the ever-rising global population is expected to drive the market in the forecast period. Moreover, the adoption of modern biotechnology coupled with new technologies for the meat processing chain and increasing investments by the key players is anticipated to significantly contribute to the market growth.
Key Market Players
The major players in the market are Key Technology, Inc., Minerva Omega Group s.r.l., Tomra Systems ASA, JBT Corporation, and Talsabell S.A., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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