The meat processing equipment market size was valued at $12.3 billion in 2021, and is estimated to reach $19.6 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031. Meat is either consumed as a processed meat product or as a component of kitchen-style food preparations. Processed meat is meat that is modified to improve its taste and shelf life. Processed meat products, although in some regions still in their infancy, are globally gaining ground in popularity and consumption volume. The demand for processed meat is expected to increase due to a surge in consumer demand for food products with multifunctional nutrition benefits.
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The key players profiled in the report include Welbilt, Inc., GEA Group AG, The Middleby Corporation, Heat and Control, Inc., Marel, Key Technology, Inc., JBT Corporation, Illinois Tool Works Inc. (ITW), Bettcher Industries, Inc. and Equipamientos Cรกrnicos, S.L. (Mainca).
Based onย type, the cutting equipment segment accounted for a major share of the global meat processing equipment market in 2021. Cutting is often the first operation to be employed in meat processing to separate essential meat & fat portions of the carcass from the non-essential ones. Cutting is often carried out under vacuum conditions to reduce the disintegration of the protein content, which allows a greater volume of filling in sausages and patties. The cutting equipment segment is expected to maintain its dominance and grow at the highest CAGR during the forecast period, as it is the most common processing equipment used in the food industry.
๐๐๐๐๐๐๐-๐๐๐๐ ๐๐ ๐ ๐๐ – ๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐% ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/checkout-final/443efc62f960aa84782ab63030a9d533
In terms of value, North America and Europe collectively contributed around 66.7% of the global meat processing equipment market share in 2018. The leading players in the meat processing equipment industry have focused on product launch and acquisition as their key strategies to gain a significant meat processing equipment market share. The high level of automation utilized in the meat processing industry is to account for the increased demand for equipment in the area. Additionally, meat is one of the most critical parts of the meal in the region due to its high protein content
Key Findings of The Study
- By type, the cutting equipment segment in meat processing equipment is expected to grow at a CAGR of 4.9% from 2022 to 2031.
- In terms of value, the processed pork segment is expected to grow at a CAGR of 4.8% from 2022 to 2031.
- By application, the raw cooked meat segment is estimated to hold 20.2% of the share of the global meat processing equipment market by 2031.
- North America has been gaining a dominant share in the global meat processing equipment market and is expected to grow at a CAGR of 3.1% during the forecast period.
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