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Oct 02, 2023

USD 5,731.58 million growth in Meat And Poultry Processing Equipment Market

News provided by 30 May, 2023, 10:15 ET Share this article Research Report

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30 May, 2023, 10:15 ET

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Research Report Focuses on Top Companies and Crucial Drivers, Current Growth Dynamics, Futuristic Opportunities, and New Product/Project Launches

NEW YORK, May 30, 2023 /PRNewswire/ -- The meat and poultry processing equipment market size is expected to increase by USD 5,731.58 million from 2023 to 2027, registering a CAGR of over 6.03%, according to the latest research report from Technavio. The growth of the market depends on factors, including the rising awareness of high sources of nutrition in meat and poultry products, the expanding demand for convenient food products, and broader reach through organized retailing.

The meat and poultry processing equipment market covers the following areas:

Meat And Poultry Processing Equipment Market SizingMeat And Poultry Processing Equipment Market ForecastMeat And Poultry Processing Equipment Market Analysis

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Vendor landscape

The meat and poultry processing equipment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Companies mentioned

Vendor offerings

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 system.

BAYLE SA - The company offers meat and poultry processing equipment such as compact line 500, counter rotating plucker, finishing plucker.

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Key market segmentation

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Regional market outlook

North America is estimated to contribute 34% to the growth by 2027. 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 on food security and avoiding the degradation of livestock ecosystems.

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Key driver

Rising awareness of high sources of nutrition in meat and poultry products

· The rising awareness of health benefits associated with meat and poultry products increases their consumption because humans need different nutrients. Meat and poultry products are good sources of nutrients such as proteins, vitamins (especially B12, B6, hydrophilic, and niacin vitamins), minerals (iodine, iron, phosphorus, copper, and zinc), and omega-3 fatty acids [docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA)]. EPA and DHA help in weight management, cognitive function, and prevention of Alzheimer's disease. Minerals and other nutrients present in meat and poultry products help in the growth and development of the brain and reproduction.

Key trend

Technological advancements in meat and poultry processing equipment

Key challenge

Increasing adoption of vegan diet

· Consumers have become more conscious about their food choices. Adopting a vegan diet, which includes only plant-based food products and strongly favors animal rights, has become one of the major food trends across the world. Several bodies claiming the negative impacts of over-consumption of meat and poultry products on the environment is another factor encouraging people to adopt a vegan diet. For instance, the United Nations (UN) claims that the adoption of vegan diet results in combating the worst effects of climate change. The Environmental Protection Agency (EPA) also claims that approximately 80% of ammonia emissions in the US are a result of animal waste.

People are adopting a vegan diet due to ethical concerns toward animals, the environment, and better health. Currently, the vegan diet has become more of a lifestyle, a status symbol, and a philosophy than merely a diet. People for the Ethical Treatment of Animals (PETA), which is an organization that fights for animal rights, encourages people to adopt a vegan diet. Several campaigns such as the annual Veganuary campaign, encourage people to sign up and try veganism for a certain period of time and discuss different types of vegan products and their recipes.

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Related reports:

The meat market size is estimated to grow at a CAGR of 7% between 2022 and 2027. The market size is forecast to increase by USD 522.63 billion. This meat market report extensively covers market segmentation by product (poultry, pork, beef, and others), type (processed and fresh), and geography (Europe, APAC, North America, South America, and Middle East and Africa). The expansion in the retail landscape is one of the key factors driving the growth of the global meat market.

The plant-based meat market is estimated to grow at a CAGR of 26.1% between 2022 and 2027. The size of the market is forecast to increase by USD 12,532.87 million. This report extensively covers market segmentation by food service system (frozen, refrigerated, and shelf-stable), type (plant-based beef, plant-based chicken, plant-based pork, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). New product launches are notably driving market growth.

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Meat And Poultry Processing Equipment Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.03%

Market growth 2023-2027

USD 5,731.58 million

Market structure

Fragmented

YoY growth 2022-2023(%)

5.24

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Germany, France, and Brazil

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

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

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, Market condition analysis for forecast period.

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.

Table of contents:

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

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

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