Meat Processing Equipment Market Report By Product (Slicing, Blending, Smoking, Dicing, Grinding, Massaging & Marinating, Tenderizing), By Meat Type (Beef, Mutton, Pork), And Segment Forecasts, 2018 - 2025

Industry Insights

The global meat processing equipment market size was estimated at USD 10.10 billion in 2017, expanding at a CAGR of 6.2% over the forecast period. Growing demand for processed meat in developing nations, coupled with a rise in per capita income, is expected to drive demand. Moreover, the dietary shift of consumers towards animal protein in developing nations is anticipated to propel market growth.

The industry exhibits a rising trend of technological advancement through the development of fully automated and in-built sensor systems. In addition, innovations in machine efficiency increased speed, and rising automated processing systems are expected to boost product demand.

Manufacturers in the U.S. opt for mergers in order to capture a larger market share. Consolidation in the industry is driven by a shift in consumer demand and efforts to trim costs. At the same time, the industry is facing increased competition from poultry meat processing, which has resulted in tightened profit-margins in beef and pork processing.

The shift towards intelligent technology and automation is expected to boost demand for innovative equipment. Use of advanced technology options such as in-built sensors in equipment for the detection of foreign materials in order to improve product quality is expected to benefit the industry.

The market does not exhibit a high degree of attractiveness to encourage notable market entry. In addition, the threat of new entrants in the market is low owing to the presence of a large number of equipment manufacturers. In addition, high exit costs in the industry are expected to further reduce the threat of any significant market entry.

Industry growth is likely to be limited by factors such as rising incidences of disease outbreak in livestock, coupled with rising consumer awareness regarding the harmful effects of consumption of red meat. In addition, the presence of social and religion-based regulations across certain economies is expected to restrain industry growth.

Product Insights

Demand for blending equipment is expected to rise at a CAGR of 5.4% from 2018 to 2025, owing to increasing demand for mushroom blended meat patties. Moreover, growing consumption of blended products such as meatloaves, salamis, meatballs, and sausages is expected to drive demand for this type of equipment over the forecast period.

Technologies used in smoking equipment have evolved over time in different parts of the world. Smoking extends product shelf life and enhances its taste. However, the penetration of the machinery is limited as a high proportion of products do not require to be smoked. This is expected to result in limited growth over the forecast period.

The demand for tenderizing equipment is predominantly driven by growth in the consumption of beef and pork. These meats are considered hard to process post-slaughter and are required to be tenderized first. The market for tenderizing equipment is expected to be driven on account of increased consumption by consumers across North America and Asia Pacific.

Pump driven grinding equipment is more advantageous to maintain particle definition in products. They are also used when grind appearance is required for retail sold ground meat. Demand for the product is expected to register steady growth on account of high consumption of patties and meatballs.

Meat Type Insights

Demand for beef processing equipment is expected increase over the forecast period, with the segment expanding at a CAGR of 6.1% owing to increase in per capita consumption. Continuous improvement in beef trade is expected to minimize pricing pressure on the market. However, some parts of Asia and Africa are expected to witness comparatively slow growth due to socio-cultural differences.

Consumption of sheep and goat meat is very limited and has shown a downward trend in the last decade, excluding Islamic countries, where consumption of mutton is higher. Mutton processing is expected to register restricted growth over the forecast period. This can be attributed to relatively small profit generated from sheep and goat husbandry.

Other types of meat typically constitute a niche segment in the meat processing equipment market as these are sold at a very high price. Increasing trend of consumption of rabbit and guinea pig meat in South America, owing to their high protein and low-fat content, is expected to benefit the industry. In addition, a recent lift on the ban of slaughtering and consumption of horse meat in the U.S. is expected to provide new opportunities in the market.

Demand for pork processing equipment is expected to rise majorly on account of increased affinity towards its consumption as shown by consumers in Asia Pacific. In addition, the industry is likely to realize high demand for the product due to increasing modernization of consumer lifestyles in the aforementioned region.

Regional Insights

North America and Europe are leading consumers of such equipment, accounting for a combined share of 66.3% in the market in 2017. This can be attributed to presence of a large meat processing industry in the regions. However, Asia Pacific is estimated to exhibit the fastest growth over the forecast period owing to its growing population and rapid economic growth.

North America is the largest regional market, accounting for USD 3.95 billion in 2017. Growing consumer demand for locally processed meat is one of the major factors driving the market in North America. In addition, heightened demand for such products due to the eating habits of consumers in the region is expected to drive industry growth.

Consumer awareness regarding convenience products is one of the most influential factors contributing to the growth of the meat processing industry, particularly in developing economies. Soaring consumption of fast food through ease of product procurement via retail chains is also expected to have a positive influence on the industry.

Meat Processing Equipment Market Share Insights

The industry is characterized by the presence of manufacturers that offer a wide range of products. Competition is based on a number of factors, including product quality, price, brand recognition, reliability, product features, delivery timelines, and after-sales service. The industry is highly concentrated in North America and Europe owing to high consumption volumes in the aforementioned regions.

Major companies in the industry are likely to engage in strategies to acquire leading brands to expand their product portfolio. Leading players cater to international clients through their respective manufacturing facilities, whereas smaller companies prefer to accommodate domestic players.

Meat Processing Equipment Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global meat processing equipment market report on the basis of product, meat type, and region:

• Product Outlook (Revenue, USD Million, 2014 - 2025)

  • Slicing

  • Blending

  • Dicing

  • Grinding

  • Massaging & Marinating

  • Smoking

  • Tenderizing

  • Others

• Meat Type Outlook (Revenue, USD Million, 2014 - 2025)

  • Beef

  • Mutton

  • Pork

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa