Meat Processing Equipment Market Poised for Significant Growth by 2033
The global meat processing equipment market is experiencing robust growth. Its size is projected to expand from $11.56 billion in 2023 to $12.59 billion in 2024, reflecting a 9.0% compound annual growth rate (CAGR).
According to a recent report by The Business Research Company, the market is expected to reach $17.22 billion by 2028 at a CAGR of 8.1%, driven by rising demand for processed meat products and advancements in processing technology.
Key Drivers and Trends
The surge in processed meat consumption is a primary growth factor. Processed meat offers extended shelf life, better taste, and lower risk of contamination, appealing to time-conscious consumers.
Countries like the Netherlands, where processed meat exports reached $9.3 billion in 2021, exemplify the growing demand.
Technological innovation is reshaping the industry. For instance, Germany-based GEA introduced the PowerPak SKIN.50, a packaging machine designed for superior product preservation and reduced waste, highlighting the industry’s focus on sustainability and efficiency.
Emerging trends include:
- Integration of automation and robotics.
- Development of energy-efficient processing equipment.
- Innovations in slicing, portioning, cooking, and smoking technologies.
- Emphasis on high-pressure processing (HPP) to enhance food safety and quality.
Regional and Competitive Insights
North America led the market in 2023, benefiting from advanced infrastructure and high consumer demand.
Key players such as GEA Group, JBT Corporation, and Marel are investing in research and development to stay competitive, focusing on automation and plant-based protein processing equipment.
The report underscores the potential in emerging economies, where increasing meat consumption and modernization of processing facilities are creating new opportunities.
Stakeholders can leverage these insights to make informed decisions, enhance operational efficiency, and gain a competitive edge in this dynamic market.
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