August 04, 2021
According to the research report titled ‘Meat And Poultry Processing Equipment Market Size By Meat Type (Beef, Pork, Chicken), By Processing Type (Fresh Processed Meat, Raw-Cooked Meat, Precooked Meat, Raw-Fermented Meat, Cured Meat, Dried Meat), By Equipment, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, meat and poultry processing equipment market valuation is slated to expand at a substantial rate over the forecast period 2021-2027.
As per the report findings, surging demand for meat and poultry products triggered by increasing health consciousness among people, and increasing preference for high levels of protein intake are acting as a major impetus for worldwide meat and poultry processing equipment market growth.
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Furthermore, mounting demand for packaged meat in emerging countries, and rapid developments in processed meat and poultry sector are also stimulating the industry expansion.
Elaborating on the negatives, high equipment costs are likely to impede market progression in the upcoming years.
Based on product type, the industry is classified into chicken, beef, pork, and others. Among these, the pork segment accounted for a market share of USD 5,060 million in 2020 and is likely garner significant returns in the forthcoming years. Meanwhile, other animals segment is anticipated to record a CAGR of 6% over the forecast period.
Moving on to processing type, raw-cooked, raw-fermented, fresh processed, cured, precooked, and dried are the major segments highlighted in global meat and poultry processing equipment industry report. In 2019, the raw cooked meat segment was worth USD 2,945 million and is estimated to record healthy growth through 2027.
Considering equipment type, the market is fragmented into killing & defeathering, cut up, evisceration, deboning & skinning, marinating & tumbling, and others. Among these, evisceration equipment segment is likely to witness notable demand over the next 7 years owing to ongoing technological developments and increasing use of automation solutions.
On the regional front, Middle East and Africa market was valued at USD 665 million during 2020 and is expected to gain considerable momentum over the study period. Meanwhile, Latin America industry is slated to register year-on-year growth rate of 7.5% through 2027.
Prominent players in meat and poultry processing equipment market sphere are Denso Corp., Rethink Robotics GmbH (HAHN Group), Yaskawa Electric Corp., Prime Equipment Group Inc. (JBT Corp.), Scott Automation & Robotics Pty Ltd., 3M Company, Bayle SA, CTB Inc., Foodmate US Inc., Middleby Corp., Weber Inc., GEA Group AG, Hawkeye Steel Products Inc., Baader Group, Tomra Systems ASA, Bettcher Industries Inc., and Key Technology Inc. (Duravant Company) among others.