Meat Processing Equipment Market

Market Definition

The Meat Processing Equipment Market size was valued at USD 10.87 billion in 2023 and is predicted to reach USD 15.18 billion by 2030 with a CAGR of 4.9% from 2024-2030.

Meat processing equipment refers to a wide range of machinery and tools used in the meat processing industry to handle, prepare, and transform raw meat into various processed meat products. These essential machines and tools are used throughout the different stages of meat processing, from slaughtering and cutting to seasoning, cooking, and packaging. With equipment such as slicers, grinders, smokers, and packaging machines, the food industry can meet the growing demand for processed meat while maintaining high-quality standards and ensuring food safety. Moreover, these specialized tools enable meat processors to enhance flavors, improve preservation, and adhere to stringent hygiene and sanitation practices. Overall, meat processing equipment is indispensable in meeting consumer needs and delivering a wide array of meat products to the market.

Market Dynamics and Trends

The growing consumer preference for convenience and ready-to-eat options has led to an increased demand for processed meat products, consequently driving the growth of the meat processing equipment market. This equipment plays a crucial role in efficiently processing and preparing meat products, meeting the evolving demands of consumers and food industry stakeholders alike.

With the growing popularity of processed meat products, the meat processing equipment market is experiencing significant expansion to cater to the increasing demand for processed meat products worldwide. Moreover, with the growing population and changing lifestyle of people across the globe, the demand for processed meat is anticipated to rise, further driving the growth of the market.

According to a recent report published by the United Nations, the global human population reached 8 billion in 2022, and it is projected to reach 9.7 billion by 2050. This population growth, coupled with changing dietary preferences and lifestyles, is driving the demand for convenient and ready-to-eat food options, including processed meat products, contributing to the expansion of the market.

However, the high cost and food safety concerns are the major factor restraining the growth of the market. On the contrary, technological advancements in food processing equipment such as robotics, electro processing and high-pressure processing (HPP) are expected to create ample growth opportunities for the meat processing equipment market in the coming years. These advancements enable more efficient and precise meat processing operations, enhancing productivity and product quality.

Market Segmentations and Scope of the Study

The meat processing equipment market is segmented on the basis of type, meat type, product type, application, by distribution channel and region. On the basis of type, the market is divided into cutting equipment, blending equipment, tenderizing equipment, filling equipment, dicing equipment, grinding equipment, smoking equipment, massaging equipment, and others. On the basis of meat type, the market is classified into processed beef, processed pork, processed mutton, and others. On the basis of product type, the market is categorized into fresh processed meat, raw cooked meat, precooked meat, raw fermented sausages, cured meat, dried meat, and others. On the basis of application, the market is bifurcated into commercial and residential. On the basis of distribution, the market is further segmented into hotel, restaurants, catering, supermarkets/hypermarkets, convenience stores, independent retailers, online channels, and others. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of meat processing equipment market and is expected to continue its dominance during the forecast period. This is attributed to the growing investments by the government and local authorities in the expansion of meat processing industries due to the rising demand for processed meat.

For instance, in June 2022, the governor of Ohio announced a grant of USD 15 million to 75 Ohio meat processors. The investment aims to improve meat processing capacity, strengthen supply chains, and bolster the state's agricultural economy. Also, government initiatives and regulatory policies in countries such as the U.S. and Canada regarding meat processing to meet the rising needs of the consumers are further accelerating the growth of the market in this region.

For instance, in January 2022, the U.S. government released a comprehensive action plan valued at USD 1 billion to strengthen the meat and poultry supply chain in the country. The initiative aims to support small and medium-sized meat processing companies, enhancing market competition, and ensuring a steady and dependable food supply for consumers.

On the other hand, Asia-Pacific is expected to show a steady rise in the meat processing equipment market due to the rapidly growing urbanization coupled with growing fast food and restaurant chains such as McDonald's, Pizza Hut and Burger King in developing countries such as India, China, and Thailand is expected to drive the meat processing equipment in this region.

For instance, December 2023, KFC opened its 1000th store in India, Also, in March 2023, PizzaHut opened its 300th store in China. As consumer preferences shift towards convenient dining options, there is an increasing need for efficient meat processing equipment to meet the growing demand for processed meat products in this region.

Moreover, the growing initiatives by the governments in this region for to fulfill the rising demand of processed foods is further driving the growth of the market. According to the Ministry of Agriculture and Rural Affairs, the Chinese government has undertaken several initiatives to achieve self-sufficiency in meat and dairy production. One of the key objectives is to reach a meat output target of 89 million tonnes by 2025. These efforts aim to reduce dependency on imports and ensure food security by boosting domestic production capacity in the meat and dairy sectors.

Competitive Landscape

The meat processing equipment market comprises of various market players such JBT Corporation, Middleby Corporation, Marel, Minerva Omega Group s.r.l, GEA Group AG, Key Technology Inc., Heat and Control, Inc., Braher, Les Industries Riopel, Alfa Laval AB among others. These market players are adopting various strategies such as acquisitions and product launches of business across various regions to maintain their dominance in the meat processing equipment market.

For instance, in January 2024, Key Technology Inc. introduced an optical sorter specifically designed for processed foods, including meat products. This innovative sorter enables rapid and efficient quality inspection of products, facilitating the removal of defective items and foreign objects, allowing manufacturers to maintain high-quality standards and minimize product waste.

Moreover, in April 2023, Heat and Control Inc. opened a new equipment manufacturing facility in Mexico. This expansion initiative aims to extend the company's presence and operations in Mexico and the broader North American region, positioning it as a leading provider of food processing equipment and solutions. 

Key Benefits

• The report provides quantitative analysis and estimations of the meat processing equipment market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the meat processing equipment market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the meat processing equipment market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Type

• Cutting Equipment

• Blending Equipment

• Tenderizing Equipment

• Filling Equipment

• Dicing Equipment

• Grinding Equipment

• Smoking Equipment

• Massaging Equipment

• Others

By Meat Type

• Processed Beef

• Processed Pork

• Processed Mutton

• Others

By Product

• Fresh Processed Meat

• Raw Cooked Meat 

• Precooked Meat

• Raw Fermented Sausages

• Cured Meat 

• Dried Meat

• Others

By End-User    

• Meat Processing Plants

• Supermarkets and Hypermarkets

• Food Service Providers

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East 

  • Africa

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2023	USD 10.87 billion
Revenue Forecast in 2030	USD 15.18 billion
Growth Rate	CAGR of 4.9% from 2024 to 2030
Analysis Period	2023–2030
Base Year Considered	2023
Forecast Period	2024–2030
Market Size Estimation	Billion (USD)
Growth Factors	Growing demand for packaged and ready to eat food across the globe Rising population and changing consumption pattern worldwide
Countries Covered	28
Companies Profiled	10
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

• JBT Corporation

• Middleby Corporation

• Marel

• Minerva Omega Group s.r.l

• GEA Group AG

• Key Technology Inc.

• Heat and Control, Inc.

• Braher

• Les Industries Riopel

• Alfa Laval AB