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The Meat and Poultry Processing Equipment Market size is estimated to grow at a CAGR of 6.03% between 2022 and 2027 and the size of the market is forecast to increase by USD 5,731.58 million. The growth of the market depends on several factors, including the rising awareness of high sources of nutrition in meat and poultry products, the growing demand for convenient food products, and wider reach through organized retailing.
This report extensively covers market segmentation by application (meat processing equipment and poultry processing equipment), product type (pork, beef, chicken, and others), and geography (North America, APAC, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our analysis of the adoption life cycle of the market indicates its movement between the innovator’s stage and the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.
Global Meat and Poultry Processing Equipment Market Customer Landscape
Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
The rising awareness of high sources of nutrition in meat and poultry products is the key factor driving the global meat and poultry processing equipment market growth. The consumption of meat and poultry products is increasing as awareness of their health benefits increases. Meat and poultry products provide all the nutrients needed for a healthy diet. They are good sources of nutrients such as niacin, minerals, and omega-3 fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). EPA and DHA help with weight management, cognitive function, and Alzheimer's disease prevention. In addition, minerals and other nutrients found in meat and poultry products contribute to brain growth, development, and reproduction.
Processing and distribution systems are improving around the world and there is an increasing emphasis on research and development in the meat and poultry market to support the above properties of these products. These factors drive demand for nutritious foods, including meat and poultry products. Due to several health benefits associated with meat and poultry products, the demand for such products is expected to increase during the forecast period. Moreover, global per capita meat consumption has increased steadily over the past decade. According to data from the United States Department of Agriculture's Foreign Agricultural Service (USDA FAS) and his FAS Bangkok, poultry production and consumption is projected to grow by 2-3% in 2023. Therefore, increasing demand for meat and poultry will drive the need for meat and poultry processing equipment, which will bring the market to the fore during the forecast period.
Technological advances in meat and poultry processing equipment will fuel the growth of the global meat and poultry processing equipment market. The food industry is constantly evolving in terms of technology, machinery, and packaging. One of the most important technologies is the novel food processing technology. This technology is used by nearly all major market players to mitigate the negative effects of heat treatment to avoid temperature rise during processing. In addition, the use of non-thermal processing techniques such as high-pressure processing (HPP), pulsed electric fields (PEF), and irradiation can reduce adverse effects on taste and nutrition as the heat is generated at lower temperatures. heat treatment technology. Major vendors in the market using non-heat treatment technology include Duravant, GEA Group, and Marel.
Additionally, competitors in these markets offer innovative processing equipment that efficiently avoids disease transmission, extends the shelf life of meat and poultry products, and preserves maximum nutrients with little or no impact on qualityIn April 2021, BAADER launched his BAADER 608, a new machine capable of separating soft and solid protein components from meat. This technology helps produce the highest quality ground beef free of bones, sinews, and tendons, ensuring the highest possible yield. Therefore, the introduction of technologically advanced meat and poultry processing equipment is expected to foster the growth of the market during the forecast period.
The increasing adoption of a vegan diet can majorly impede the growth of the market. Consumers today have become more conscious of their food choices. They are adopting a vegan diet, which includes only food products of plant origin and strongly promotes animal rights. The negative effects of excessive consumption of meat and poultry products on the environment is another factor encouraging people to adopt a vegan diet. Also, people are adopting a vegan diet due to ethical concerns for animals, the environment, and better health.
The vegan diet has become more of a lifestyle, a status symbol, and a philosophy than just a diet. Organizations such as People for the Ethical Treatment of Animals (PETA) encourage people to adopt a vegan diet. In addition, campaigns such as the annual Vegan campaign, encourage people to sign up and try veganism for a certain period of time and discuss different types of vegan products and recipes. of them. Therefore, with the introduction of new expanded vegan product lines, demand for food products of animal origin, including processed meat and poultry products, will be negatively impacted. This will hinder the market growth during the forecast period.
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Admix Inc.: The company offers meat and poultry processing equipment such as Rotosolver, Rotostat, and Benchmix.
Baader Global SE: The company offers meat and poultry processing equipment such as Uniload, Lincoland, Crate handling systems.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including:
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The meat processing equipment segment will contribute a major share of the market. The meat processing equipment showed a gradual increase in market share with USD 10,712.73 million in 2017 and continued to grow until 2021. The segment includes the revenue generated through sales of processing equipment for pork, lamb, beef, and veal meat.
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Although the meat market is stagnant in developed regions such as North America and Western Europe, the market in developing regions such as APAC and MEA is expected to increase due to meat consumption including processed meat. increasing. This is attributed to the fact that in emerging countries. There is a surge in demand from the growing workforce and their growing awareness of nutrients present in meat. In terms of consumption, pork has dominated the entire meat industry, followed by beef and chicken, as pork is a rich source of protein and vitamins. In addition, pork exports are increasing in countries such as China, the USA, Brazil, Russia, Vietnam, Canada, Japan, the Philippines, Mexico, Germany, France, Thailand, Malaysia, and some parts of Europe. Also, people have become more aware of the amount of protein in their daily diet. Hence, the consumption of meat products has become an important part of nutrition, which is increasing the consumption. Hence, the growing demand for meat will drive the segment and in turn the target market during the forecast period.
By product type, the market will observe strong growth in the pork segment. The pork segment is expected to grow at a moderate rate during the forecast period due to increasing consumer demand for high-protein food products and increasing import and export of pork. Market participants are increasing pork production to meet growing consumer demand. This will help the market grow during the forecast period. Some examples of commonly consumed pork products around the world include smoked pork, bacon, ham, sausage, pork rib, and pulled pork. The demand for pork products can vary depending on cultural and regional preferences. Furthermore, increasing consumer demand for protein-rich food products and increasing imports and exports of pork will drive the growth of the segment and the target market during the forecast period.
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North America is estimated to contribute 34% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. North America led the global meat and poultry processing equipment market in 2022 due to increased demand for processed meat and poultry products. In terms of sales, the US leads the market in North America, followed by Canada, due to changing consumer preferences, the availability of different types of ready-to-eat food products, and the introduction of innovative meat and poultry processing equipment. The regional market is focused on increasing meat and poultry production without compromising food security and avoiding the degradation of livestock ecosystems.
Improved livestock practices will reduce the incidence of disease in livestock by using effective vaccines to minimize the spread of diseases. This is then expected to increase the consumption of meat and poultry products, which in turn will further accelerate the growth of related products, such as the processing equipment market. meat and poultry in the region during the forecast period.
In 2020, the meat and poultry processing equipment market in North America saw a slight decline due to disruptions caused by COVID-19 in slaughtering and meat packing facilities. In the United States, the closure of several meat processing plants affected the beef, pork, and poultry industries, mainly in the first half of 2020. However, the implementation of large-scale vaccination campaigns in 2021 led to the lifting of lockdown restrictions in the US. This has led to the resumption of regular activities in the food processing industry, which has had a positive impact on the growth of the market in North America. In addition, factors such as increasing chicken production in the United States will increase the demand for meat and poultry processing equipment during the forecast period.
The meat and poultry processing equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Meat And Poultry Processing Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.03% |
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Market growth 2023-2027 |
USD 5,731.58 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
5.24 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 34% |
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Key countries |
US, China, Germany, France, and Brazil |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Admix Inc., Baader Global SE, BAYLE SA, Berkshire Hathaway Inc., Bettcher Industries Inc., Brower Equipment, Buhler AG, C.G MFG and DIST INC., Cantrell Gainco Group, Deccan Automation Technology, Duravant LLC, Foodmate US Inc., GEA Group AG, Heat and Control Inc., John Bean Technologies Corp., Marel Group, Poultry Processing Equipment Worldwide Ltd., The Middleby Corp., Tomra Systems ASA, and Zaftech India |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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