A recent report published by Infinium Global Research on the meat
processing equipment market provides an in-depth analysis of segments and
sub-segments in the global as well as regional meat processing equipment
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional meat processing equipment market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecasts, and dollar values of the global meat processing equipment market.
According to the report, the global meat processing equipment market is
projected to grow at a healthy CAGR over the forecast period of 2020-2026.
Meat is consumed as vital food in numerous parts of the world and
it has high protein content, fat, and water. The global meat processing
machinery industry is facing a number of challenges as it deals with the impact
of the COVID-19 epidemic. The imports and the exports of various products have
been paused owing to the epidemic situation. Only pharmaceutical products and
essential goods are allowed to be traded across the globe. FDA, in specific,
has relaxed the nutrition labeling of products which is anticipated to aid in
increasing the distribution of packaged foods by restaurant operators leading
to the optimal supply chain of products to customers. In addition, food safety
testing and processing industries are projected to function at full capacity
due to consumer's stock-piling goods during the COVID-19 lockdown.
The demand for the meat processing equipment market is expected to
upsurge owing to lifestyle changes and preferences of the consumers.
Furthermore, an increase in demand for packaged foods & processed meat
products along with an increase in demand for food safety boost market growth. Meat
processing simplifies and improves the taste and facilitates easy cooking.
Moreover, the meat processing equipment brings high effectiveness during the
practice from slaughtering to preserving. Meat processing equipment changes the
raw meat ingredients into ready-to-eat meat and other meat forms, depending on
a customer’s choice. They safeguard easy portability and also increase the
shelf life of the meat product.
Meat processing equipment is manufactured based on specific
customer requirements. This equipment is used to remove toxins and upsurge meat
consistency. The constant dominance of meat-based culture in various countries
enhances the demand for meat processing equipment. Additionally, an increase in
the trade flow of meat has augmented the demand for processed meat with great
durability and shelf life, which is anticipated to fuel the growth of the meat
processing equipment market. On the other hand, the high cost of equipment is
anticipated to restrain the market growth over the forecast period.
Among the geographies, North America region is expected to hold
the largest share in the global meat processing equipment market. The rising
demand for processed meat, the growing investment in meat processing
facilities, and the presence of a large number of meat processors in the North
American region are the factors driving regional growth. Moreover, the
increasing number of new product launches has resulted in the growth of the
meat processing equipment market in the North America region. Furthermore, the
adoption of meat processing equipment is anticipated to increase in Asia
Pacific region owing to the change in lifestyle of consumers, growth in demand
for ready-to-eat food products, and stable economic growth. Developing markets,
such as China and India, are projected to show the highest growth in demand for
meat processing equipment over the forecast period.
The report on the global meat processing equipment market covers
segments such as type, meat, and application. On the basis of type, the
sub-markets include cutting equipment, blending equipment, tenderizing
equipment, filling equipment, dicing equipment, grinding equipment, smoking
equipment, massaging equipment, and others. On the basis of meat, the
sub-markets include processed beef, processed pork, processed mutton, and
others. On the basis of application, the sub-markets include fresh processed
meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat,
dried meat, and others.
The report provides profiles of the companies in the market such
as GEA Group AG, JBT Corporation, Key Technology Inc., Marel, Heat and Control,
Inc., Illinois Tool Works Inc., Manitowoc, The Middleby Corporation, Bettcher
Industries, Inc., and EquipamientosCárnicos.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the meat processing
equipment market. Moreover, the study highlights current market trends and
provides forecasts from 2020-2026. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.