Meat Processing Equipment Market Growth & Trends

The global meat processing equipment market size is expected to reach USD 18.03 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.0% from 2020 to 2027. The stringent regulations on selling, transportation, and trading of processed and semi-processed meat products are expected to drive the market for meat processing equipment.

The global market is driven by significant investments by large market players in the development of fully automated and integrated machines that can perform multiple functions involved in meat processing in one place to save on transfer costs and maintain proper hygiene.

An increase in demand for packaged processed and semi-processed meat products in countries, such as China, the U.S., India, the U.K., and Germany, is expected to drive the market for meat processing industries. As per the reports published by the U.S. FDA, over 50 million tons of meat is produced each year in the U.S., thus generating demand for meat processing equipment.

The demand for meat processing equipment is likely to increase as major companies operating in the fast-food industry, namely Taco Bell, Subway, McDonald’s, Dominos, and KFC, are significantly spending on the expansion of their businesses globally. These companies set up large meat processing facilities to supply clean processed meat to their outlets to cater to customer demand.

Meat Processing Equipment Market Report Highlights

  • By product, slicing equipment accounted for 24.7% share of the global revenue in 2019 on account of rapid investment by companies in the development of efficient, faster, and automated slicing equipment in order to reduce processing times and labor costs
  • Blending equipment is estimated to expand at a CAGR of 5.5% from 2020 to 2027 owing to its wide usage in blending of meat with other additives at fast-food outlets and restaurants to make patties, meatballs, and other items
  • By meat type, pork accounted for 44.8% share of the global revenue in 2019 owing to its high protein content and wide usage of meat processing equipment for making ham, sausages, and bacon out of pork owing to its tough texture
  • The U.S. is estimated to expand at a CAGR of 6.3% from 2020 to 2027 on account of high meat consumption in the country, coupled with stringent regulations on the processing of meat products
  • In October 2020, Marel completed the acquisition of Treif Maschinenbau GmbH, a Germany-based food cutting technology provider, thereby strengthening the former’s product offerings for the meat industry as well as other segments