Global Meat and Poultry Processing Equipment Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

Meat and poultry processing equipment is a specialized type of device with cutting-edge functionality that enables operators to process meat at scale while maintaining the high standards of quality that consumers demand from processed meat products.

Sizing and Forecast

The meat and poultry processing equipment market size has grown strongly in recent years. It will grow from $11.72 billion in 2023 to $12.82 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to sustainability and efficiency, industrial revolution and mechanization, food safety regulations, growing urbanization and demand, quality control and standardization..

The meat and poultry processing equipment market size is expected to see strong growth in the next few years. It will grow to $18.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to focus on food safety and hygiene, rising demand for processed foods, sustainable processing practices, customization and flexibility, market expansion in developing regions.. Major trends in the forecast period include automation and robotics integration, enhanced food safety measures, focus on hygienic design, adaptation to changing consumer demands, efficiency and sustainability..

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Segmentation & Regional Insights

The meat and poultry processing equipment market covered in this report is segmented –

1) By Equipment Type: Killing And Defeathering, Cut Up, Evisceration, Marination And Tumbling, Deboning And Skinning, Other Equipment Type
2) By Processing Type: Raw-Cooked Meat, Freshly processed Meat, Precooked, Cured Meat, Raw Fermented Meat, Dried Meat, Other Processing Types
3) By Meat Type: Cattle, Chicken, Duck, Pig, Rabbit, Sheep, Turkey

North America was the largest region in the meat and poultry equipment market in 2023. The regions covered in the meat and poultry processing equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

The rising consumption of processed meat and poultry products is expected to propel the growth of the meat and poultry processing equipment market going forward. Consumption of processed meat and poultry refers to the consumption or eating of goods that have undergone at least one additional processing or preparation step, such as grinding, adding an ingredient, or heating, which modifies the appearance, texture, or flavor. Meat and poultry processing equipment plays an important role in manufacturing processed meat and related products and is used for various purposes such as slicing, chilling, and dicing, as a result, rising consumption of processed meat and poultry increases the demand for the meat and poultry processing equipment. For instance, in 2022, according to the Food and Agriculture Organization, a Italy-based specialized agency to defect hunger, the global meat production in 2020 was 337.18 million tons, which rose to 339 million tons in 2021. Therefore, the rising consumption of processed meat and poultry products drives the meat and poultry processing equipment market.

Key Industry Players

Major companies operating in the meat and poultry processing equipment market are focused on developing innovative products, such as physical contaminant detection solutions, to gain a competitive edge in the market. Physical contaminant detection solutions are various technologies employed to identify and remove foreign objects or contaminants that may pose a health or safety hazard to consumers, ensuring product safety and quality. For instance, in August 2023, Eagle Product Inspection, a US-based provider of x-ray inspection technology, launched MAXIMIZER RMI. It is an automated reject management system that was created to assist chicken processors in raising the caliber and security of their output. The system provides bone and metal detection in poultry operations integrated with the Eagle RMI 400 x-ray machine, outfitted with Eagle’s image analysis software, SimulTask PRO, and upgraded dual energy detector, PXT. MAXIMIZER RMI uses a combination of X-ray and optical imaging to identify bone fragments and metal contaminants. The X-ray imaging allows MAXIMIZER RMI to see through the product, while the optical imaging allows it to see the product’s surface.

The meat and poultry processing equipment market report table of contents includes:

1. Executive Summary

2. Meat and Poultry Processing Equipment Market Characteristics

3. Meat and Poultry Processing Equipment Market Trends And Strategies

4. Meat and Poultry Processing Equipment Market – Macro Economic Scenario

5. Global Meat and Poultry Processing Equipment Market Size and Growth

….

31. Global Meat and Poultry Processing Equipment Market Competitive Benchmarking

32. Global Meat and Poultry Processing Equipment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Meat and Poultry Processing Equipment Market

34. Meat and Poultry Processing Equipment Market Future Outlook and Potential Analysis

 

35. Appendix

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