Global Meat Processing Equipment Market is expected to reach USD 16.22 billion by 2025. Meat is the utmost appreciated livestock product and for several people aids as their first-choice source of animal protein. Meat is also consumed as an as processed meat products or constituent of kitchen-style food preparations. Meat processing consists of exclusive chemical and physical treatment methods that can be mechanized. The meat processing equipment market is estimated to grow at a significant CAGR of 6.2% over the future period as the scope and its applications are rising enormously across the globe.
Growth
in secured regulations producing the need for classy equipment, and high demand
for numerous processed meat products like packaged meat products and
ready-to-eat meat products are documented as major factors of meat processing
equipment industry that are estimated to enhance the growth in the years to
come. However, rising cost of logistics and raw material may restrain overall
market growth in the coming years. Meat processing equipment market is
segmented based on equipment’s, meat type, product type, and region.
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Massaging
equipment, Cutting equipment, Smoking equipment, Blending equipment, Grinding
equipment, Tenderizing equipment, Dicing equipment, Filling equipment, and
other equipment’s could be explored in meat processing equipment in the
forecast period. There are various types of meat like Processed mutton,
processed beef, and Processed pork that could be explored in meat processing
equipment in the future period. Dried meat, freshly processed meat, cured meat,
raw cooked meat, raw-fermented meat, precooked meat, and other product types
could be explored in meat processing equipment in the foremost period.
Globally,
North America accounted for the largest market share of meat processing
equipment and is estimated to lead the overall market in the upcoming years.
The reason behind the growth of overall market could be presence of huge meat
processing manufacturers in the region and high demand for the equipment’s from
the populace. The United States is a major consumer of meat processing equipment
in this region, as high demand from consumers for locally processed meat.
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Instead,
Europe and the Asia Pacific are also estimated to have a positive influence on
the future growth. Europe is the second largest region with significant market
share. However, Asia Pacific is estimated to grow at fastest pace with the
highest CAGR in the foremost period. The developing countries like India and
China are the major consumers of meat processing equipment in the region.
The
key players of meat processing equipment market are The Manitowoc Company,
Inc., GEA Group AG, Illinois Tool Works Inc., JBT Corporation, Marel, and Heat
and Control, Inc. These players are concentrating on inorganic growth to
sustain themselves amongst fierce competition. As such, mergers, acquisitions,
and joint ventures are the need of the hour.
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