According to
the report, the global meat processing equipment market was valued at over USD
9,441.8 million in 2015, is expected to reach above USD 14,490.6 million in
2021 and is anticipated to grow at a CAGR of above 7.4 % between 2016 and 2021.
Meat is the
livestock animal flesh, with high protein content. Meat processing industry
plays a major role in economy and feeding the
world’s huge population base. Meat processing equipment simplifies the
process and makes meat tender which improves the taste and eases the cooking.
The equipment reduces the labor cost and yields high end-use products. The
spending capability over the processed foods is rising tremendously hence there
is huge growth of meat processing market.
Meat is one
of the high protein content foods and hence there is huge demand for meat which
results in escalating the growth of processed meat and meat processing
equipment market. The major industries are replacing conventional machinery
with the advance automated machines to overcome the labor cost, attain high
productivity and improve the quality of finished products. This factor is
likely to drive the meat processing equipment in the forecast period. Moreover,
meat is perishable so processing is the essential part to prevent it from
deteriorating. This fact further stimulates the growth of this market.
However,
high cost of equipment and complexity in handling the machines as compared to
conventional methods is the major restrains for meat processing equipment
market. Nevertheless, ongoing research from the key organizations for fully
automated system is likely to offer new growth prospects to the market in near
future. In addition, increasing demand from the emerging economics and
investment of major players in the India and China for the processing plant is
likely to open new opportunities in the near future.
The meat
processing equipment market can be segmented on the basis of meat type,
equipment and region. There are three widely consumed types of meats which
include duck meat, chicken meat, turkey meat and other types. Chicken is the
potential segment and is expected to maintain its growth owing to stringent
laws in some of the regions on the consumption of beef. The meat processing is
accomplishing huge demand which in turn has forced the manufactures to innovate
the processing equipment.
Several
equipments such as killing & defeathering, cut-up, evisceration, deboning
& skinning, marinating & tumbling, freezing and others are the most
widely used equipments for the processing methods. Killing & defeathering
equipment is significantly growing segment owing to high requirement from the
processing industry.
North
America and Europe are considered to be the most prominent markets for the meat
processing equipment. North America has maximum percentage of meat eaters on
daily basis. As per U.S. Department of Agriculture, average American
consumption of meat in 2012 was 71.2 pounds of red meat and 54.1 pounds of
poultry. Asia Pacific is witnessing an unprecedented boom in recent times. This
mainly contributed by increasing consumption of meat along with surging
discretional income from the emerging countries particularly India and China.
Processed meat is gaining demand in Asia Pacific due to ease of cooking and
great taste. Latin America exhibits higher growth rate owing to changing
preference towards the processed meat.. Middle East and Africa are likely to
experience sustainable growth in the near future owing to improving living
standards.
The meat
processing equipment market comprises of major players such as Prime Equipment
Group, Inc., Duravant, BANSS, BAADER, Marel, Stephan Machinery GmbH, BIRO®
Manufacturing Company, Lyco Manufacturing Inc., Bettcher Industries, Inc,
Mepaco, A-One Manufacturing LLC and Marlen International among others.
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