Meat Processing Equipment Market Size, Share & Trends Analysis Report By Product (Slicing, Blending, Dicing), By Meat Type (Beef, Mutton, Pork), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the meat processing equipment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for meat processing equipment market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of meat processing equipment market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Meat Processing Equipment Market Categorization:

The meat processing equipment market was categorized into three segments, namely product (Slicing Equipment, Blending Equipment, Dicing Equipment, Grinding Equipment, Massaging & Marinating Equipment, Smoking Equipment, Tenderizing Equipment), meat type (Beef, Mutton, Pork), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The meat processing equipment market was segmented into product, meat type, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The meat processing equipment market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S.; Canada; Mexico; Germany; Italy; the UK.; Russia; China; India; Japan; Australia; South Korea; Brazil; Argentina; South Africa; and Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Meat processing equipment market companies & financials:

The meat processing equipment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Mepaco Group -Mepaco is a U.S.-based manufacturer of grinding and blending system for food processing. The company also offers customized solutions for specific applications. The company’s product portfolio comprises of industrial mixer-blender, industrial cooker, industrial mixer-grinder, commercial cooker, industrial grinders under 50 HP and over 50HP. The company also offers material handling equipment such as industrial dumpers, ergonomic sanitary lifts, screw auger conveyor, sanitary belt conveyor, stainless vats and bins, racks, and platforms. The company serves number of industries including baking and snack food processing, dairy & cheese processing, fruits & vegetables processing, meat & poultry processing, pet food processing, and prepared food.

• Minerva Omega Group -Located in Italy, the company is engaged in design, manufacture and marketing of machines and systems for food processing, meat processing, packaging, and preservation. The company markets its products under the brands la Minerva, Omega Foodtech, Artex, Suprema, Regina, and General machines. The company caters to the requirements of food counter professionals, large wholesalers, catering businesses, food processing industry, and hotel & restaurant chains. The company operates a large sales and service system for the distribution of its products and to provide effective technical support. The company has a dedicated network of dealers in Italy, while it has entered into partnerships in France, Austria, Germany, Switzerland, U.S., U.K., North Africa, Canada, and Middle East.

• Tomra Systems ASA - Tomra Systems ASA is primarily engaged in the design, manufacturing, and sale of reverse vending machines (RVM) for automated collection of used beverage containers. The company employs a workforce of 3,500 people globally and is publicly listed on Oslo Stock Exchange. The company provides innovative solutions for mainly two business segments: collection solutions and sorting solutions. Collection solution segment comprises of reverse vending and material recovery. Material recovery includes pick up, transport, and processing of used beverage containers in North America, as well as subsequent brokerage of the processed material to recyclers. The company facilitates the collection of approximately 30 billion empty cans and bottles. This segment also processes over 340,000 metric tons of containers annually.

• JBT Corporation - JBT Corporation is global technology solution provider to high-value segments of food & beverage segments. The company manages its business in three operating segments, namely, foodtech, aerotech, and automated system. Foodtech segment offers customized industrial and turnkey solutions and services to food and beverage industry. This segment designs, manufacture, and offers technological solutions for food processing systems for preparation of meat, seafood, poultry, bakery products, ready-to-eat meals, juice & dairy products, fruits & vegetables, and shelf stable packaged foods.

• Talsabell S.A. - TALSA is engaged provides average capacity, quality food processing machinery to the food industry. The company has over 100 years of industrial experience, including more than 80 years in food and meat processing. The company’s product portfolio includes fillers/stuffers, mixer, grinder, mincer, industrial cooker, kettle for commercial purpose.

• Nemco Food Equipment -  NEMCO provides technological and equipment solutions to foodservice industry. NEMCO offers complete line of food preparation equipment, hot dog cooking equipment, food warming equipment, food merchandising equipment, toasters, waffle & cone bakers, countertop & boiling units, cold food holding equipment, on the go equipment, and an assortment of pizza and sandwich merchandising equipment. The company also offers a line of commercial food waste disposers, marketed as BusBoy.

• Key Technology, Inc. - Key Technology, Inc. provides process automation solutions to food processing industry and other industries such as tobacco and pharmaceuticals. The company with its subsidiaries is engaged in designing, manufacturing, marketing, sale, and service of process automation equipment for food safety and quality. The company offers sorting, conveying, and other processing solutions to small, medium, and large-sized food processing companies for range of specialized applications.

• Heat & Control, Inc. - Heat & Control, Inc. is an equipment manufacturer serving food and non-food industries. The company offers technological solutions and equipment for product handling, packaging and inspection. The company offers wide range product portfolio including food processing equipment, seasoning & coating equipment, product handling equipment, packaging & weighing equipment, and inspection equipment. The company provides solutions for number of applications including bakery & confectionary, dried nuts, fruits & vegetables, meat, poultry & seafood, prepared food & snacks, and pharmaceuticals

• Middleby Corporation - The company is engaged in design, manufacture, marketing, distribution, and service of foodservice equipment for commercial restaurants and institutional kitchens; food preparation, cooking, baking, chilling and packaging equipment for food processing operations; and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, and dishwashers primarily used for residential purpose. The company, through its operating subsidiary Middleby Marshall Inc. and other subsidiaries, manages its business in three operating segments; the commercial foodservice equipment group, food processing equipment group, and residential kitchen equipment group.

• Bettcher Industries - Bettcher Industries is engaged in development and manufacturing of innovative cutting and trimming tools for food processing and industrial manufacturing sectors. The company also provides food preparation equipment for restaurants and commercial kitchens in foodservice industry. The company offers wide range of product portfolio for meat processing applications, which includes trimmers, skinners, pneumatic shears, sharpening equipment, weighing and food safety equipment, gyro knives, and breading machines & tables. Bettcher industries is an employee-owned company with its reach in over 70 countries. Headquartered in Ohio, the U.S., the company have direct offices in Switzerland, Brazil, and China.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Meat Processing Equipment Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Meat Processing Equipment Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.