Fior Markets launched a study titled “Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Dicing, Grinding, Smoking, Massaging, Others), Meat Type, Product Type, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.”
The global meat processing equipment market is expected to grow from USD 11,234.80 Million in 2017 to USD 20,231.2 Million by 2025 at a CAGR of 7.6% during the forecast period from 2018-2025.Change in lifestyle and preferences of the consumers and growing demand for packaged foods & processed meat products coupled with increase in demand for food safety are driving the market growth
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The massaging equipment segment is expected to grow at a higher CAGR of 9.9% during the forecast period
The type segment is classified cutting, blending, tenderizing, filling, dicing, grinding, smoking,massaging equipment and other equipment. The massaging equipment segment is expected to grow at a higher CAGR of 9.9% during the forecast period. It is known to ensure fast and homogeneous formulation and to develop specific color of the meat product.
The pork segment valued around USD 4246.75Million in 2017.
Meat type segment is divided into segments such as beef, pork, mutton and others. The pork segment is dominating the market with the highest share in 2017. The rising demand for various processed pork products such as hamburgers, sausages, bacon, and trotters has led to the growth of the market.
The fresh processed segment is dominating the market with the highest share 28.60% in 2017.
Product Type segment includes fresh processed, raw cooked, precooked, raw fermented, cured, fried and other meats. The fresh processed segment is dominating the meat processing equipment market in 2017. Due to the rising urban population and working segment in the society, there is a shift towards fresh processed meat products, as it saves cooking time.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America is dominating the market with the highest share of 43.20% in 2017.It is due to rising consumer demand for locally processed meat in North America. In addition, upsurge in demand for such products due to eating habits of consumers in the region is expected to drive industry growth
The major players of market include Marel, EquipamientosCárnicos, S.L., Crown National, Jarvis Industries Canada Ltd., MAJAtronic GmbH, Bettcher Industries, Inc., Illinois Tool Works Inc., Mepaco, GEA Group, Key Technology, Middleby Corporation, Millard Manufacturing Corporation, Processing and Packaging Machinery Association (PPMA Ltd), Marlen International, RND Automation Private Limited, and JBT Corporate
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