The global meat and poultry processing equipment market share is projected to exceed USD 22.3 billion by 2027, according to a recent report by Global Market Insights, Inc.
Growing urbanization around the world and a significant rise in working population have largely increased the demand for processed meat products over the last few years. As a result, application of meat processing machines has become quite common in food industry as well as at home. These machines are produced using highly advanced techniques and comprise of user-friendly features, which makes them useful for meat processing.
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These machines find extensive usage for performing several operations like tumbling, mixing, chopping, salting curing, comminuting, cutting, drying, fermentation, heat treatment and so on. They also reduce harmful bacteria and make meat fit for human consumption. Taking the high product usability into account, global meat and poultry processing equipment market is poised to witness meritorious growth over the upcoming years.
Rising demand for beef
Substantial economic growth and growing urbanization across emerging economies like Brazil and Argentina are fostering the demand for beef significantly. This is providing ample growth opportunities for the industry to make a robust growth in subsequent years. According to the report, beef meat segment across global meat and poultry processing equipment market is expected to record an appreciable valuation of more than USD 6.4 billion by 2027 end.
Increased consumption of meat in Europe
Rising consumption of meat and that of packaged food products in the Europe are the major factors fostering the adoption of meat processing techniques in the region. In addition, the region is also a prominent exporter of meat products across the globe which is complementing the product adoption further. This is majorly due to the important role of meat processing equipment as the meat to be exported needs to be processed in order to preserve its quality. Considering these factors, meat and poultry processing equipment market in Europe is estimated to witness a notable CAGR of over 4% through 2027.
Heightened preference for beef in the U.S.
The U.S. has been one of the largest consumers of beef over a while now, and is anticipated to observe steady growth in the demand in the coming years as well. This can be credited to growing consumer awareness regarding the adverse effects of the consumption of red meat. Besides, increasing adoption of dairy products such as milk and cheese is expected to support the growth of beef meat market which will augment meat and poultry processing equipment market space in future.
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Heightened demand in Russia
Changing lifestyle and growing disposable incomes among Russian population are the major contributors to the increased meat production and consumption in the country, impelling the demand for meat and poultry processing equipment market. Moreover, the government’s intention of achieving self-sufficiency targets has increased investments in automated systems and other new technologies which is complementing the product adoption in the country further.
Strategic initiatives by key market players
Companies operating in meat and poultry processing equipment market such as Hamilton Beach Brands Holding Co., Marel Group, The Middleby Corp, Bettcher Industries Inc., Heat and Control Inc., BAYLE SA, Tetra Laval International SA, Foodmate US Inc., etc. are focusing on new product developments to gain a competitive edge and strong market presence worldwide. For instance, in 2019, GEA announced the launch of its new high-performance equipment designed to improve the yield and quality of meat and poultry products, without hampering the production process. According to the company, it is an automated brine injection system, which can provide the food processors with a juicier and flavorful dish, specifically for lean cuts of meat which usually dry out while cooking. Such developments are providing lucrative growth opportunities to the industry.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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