Global Meat Processing Equipment Market Size is Projected to Grow from USD 6.8 Billion in 2019 to USD 9.7 Billion By 2026 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 10, 2020--
The “Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Slicing, Grinding, Smoking), Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured), Meat Type, Mode of Operation, & Region - Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
Rising consumption of processed meat is increasing the demand for meat processing equipment.
Some of the major factors driving the growth of the meat processing equipment market include premiumization in meat products, increasing food safety requirements for trade, rising demand for convenience meat products, and technological innovation in meat processing equipment.
The grinding equipment segment is projected to dominate the meat processing equipment market throughout the forecast period.
The grinding equipment segment is estimated to dominate the meat processing equipment market, by type, in 2019, due to a greater application of grinders to process a wide range of products, such as minced meat, sausages, hamburgers, and other products. Furthermore, the easy handling and cleaning of the grinding equipment make it preferred by both small and large meat processors. However, due to its higher prices, as compared to other equipment types, such as those used for slicing and cutting, its reach is largely restricted to large meat processing companies.
The automatic segment is projected to grow at the highest growth rate during the forecast period.
The automatic segment is projected to grow at the highest growth rate, as the adoption of automatic meat processing equipment results in reduced processing time and increases process efficiency & precision. Further, the adoption of automatic equipment aids meat processors in identifying problems or defects during each stage of meat processing, resulting in the lowered number of defected meat products. However, the higher setup cost of automatic meat processing equipment in comparison to the other modes of operation is expected to hamper the growth of the automatic equipment segment.
Asia Pacific is projected to record the highest growth during the forecast period.
The Asia Pacific region is projected to record the highest growth during the forecast period. The growing demand for processed meat, such as meat cuts, steaks, and ready-to-cook meat, due to the changing lifestyles and expansion of meat processing capabilities are the major factors driving the growth of the meat processing equipment market in the region. Also, foreign investments in meat processing in countries, such as Vietnam, China, and Indonesia, are expected to boost the demand for meat processing equipment.
In-depth interviews were conducted with CXOs, managers, and key executives from various key organizations operating in the meat processing equipment market.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall meat processing equipment market segments and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Regions Covered
1.4 Periodization Considered for the Study
1.5 Currency Considered
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Meat Processing Equipment Market
4.2 Meat Processing Equipment Market: Major Regional Submarkets
4.3 North America: Meat Processing Equipment Market, By Key Type and Country
4.4 Meat Processing Equipment Market, By Meat Type and Region
4.5 Meat Processing Equipment Market, By Product Type
4.6 Meat Processing Equipment Market, By Type and Region
5 Market Overview
5.2 Market Dynamics
5.3 Value Chain
6 Meat Processing Equipment Market, By Type
6.2 Cutting Equipment
6.3 Slicing Equipment
6.4 Blending Equipment
6.5 Tenderizing Equipment
6.6 Filling Equipment
6.7 Grinding Equipment
6.8 Smoking Equipment
6.9 Massaging Equipment
6.10 Other Equipment
7 Meat Processing Equipment Market, By Meat Type
7.2 Processed Beef
7.3 Processed Pork
7.4 Processed Mutton
7.5 Other Meat Types
8 Meat Processing Equipment Market, By Product Type
8.2 Fresh Processed Meat
8.3 Raw Cooked Meat
8.4 Precooked Meat
8.5 Raw Fermented Sausages
8.6 Cured Meat
8.7 Dried Meat
8.8 Other Product Types
9 Meat Processing Equipment Market, By Mode of Operation
10 Meat Processing Equipment, By Region
10.2 North America
10.4 Asia Pacific
10.5 South America
10.6 Rest of the World (RoW)
11 Competitive Landscape
11.2 Competitive Leadership Mapping
11.3 Start-Up Microquadrants
11.4 Market Share Analysis
11.5 Competitive Scenario
12 Company Profiles
12.1 GEA Group
12.2 JBT Corporation
12.4 Illinois Tool Works
12.5 The Middleby Corporation
12.6 Bettcher Industries
12.7 Equipamientos Carnicos
12.8 Biro Manufacturing Company
12.12 Riopel Industries
12.13 Minerva Omega Group
12.15 Millard Manufacturing Corporation
12.16 Apache Stainless Equipment Corporation
12.17 Gee Gee Foods & Packaging
12.18 PSS Svidnik
12.19 Ross Industries, Inc.
12.20 Metalbud Nowicki
For more information about this report visit https://www.researchandmarkets.com/r/bn6jut
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INDUSTRY KEYWORD: RETAIL OTHER MANUFACTURING MANUFACTURING FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 02/10/2020 11:09 AM/DISC: 02/10/2020 11:09 AM