The world meat consumption was 325.44 million tons in year 2015 and it was 345.42 Million Tons in 2018, an increase of 16.98 million tons during the period. Thus, the rising demand for meat products is expected to increase the demand for meat, poultry and seafood processing equipment.
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Global meat, poultry & seafood processing equipment market is expected to reach USD 15,801,254.06 thousand by 2028 from USD 10,065,215.03 thousand in 2020, growing at a CAGR of 5.8% in the forecast period of 2021 to 2028. The meat's high nutrient content is driving the meat market's growth, and thus the demand is increasing for meat, poultry, and seafood processing equipment. The increasing automation in the processing industry is the factor that is driving the market growth of the meat, poultry, and seafood processing equipment.
Demand for processed meat, poultry and seafood across the world will drive the market's growth rate
The rise in disposable income of the emerging and developing countries in Asia such as India and China due to economic growth has led to increased demand for processed meat, poultry and seafood products. Meat, poultry and seafood processing involves animals slaughtering, meat cutting, and inspecting it for ensuring the safety and the packaging of processed meat. Meat processing involves physical and chemical treatment methods such as slicing, chopping, smoking, coating, filtering and refrigeration processes.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2019 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Equipment Type (Portioning Equipment, Frying Equipment, Filtering Equipment, Coating Equipment, Cooking Equipment, Smoking Equipment, Killing/Slaughtering Equipment, Refrigeration Equipment, High Pressure Processing (High Pressure Processor), Massaging Equipment and Others), Process (Size Reduction, Size Enlargement, Homogenization, Mixing and Others), Mode of Operation (Automatic, Semi-Automatic and Manual), Application (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Dried Meat, Cured, Frozen and Others), Function (Cutting, Blending, Tenderizing, Filling, Marinating, Slicing, Grinding, Smoking, Killing & De-Feathering, Deboning & Skinning, Evisceration, Gutting, Filleting and Others), Processed Products Type (Meat, Poultry and Seafood)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Equipamientos Cárnicos, S.L. (Spain), BIRO Manufacturing Company (U.S.), BRAHER INTERNACIONAL, S.A. (Spain), Riopel Industries Inc. (Canada), Minerva Omega Group s.r.l. (Italy), GEA Group Aktiengesellschaft (Germany), RISCO S.p.A (Italy), Millard Manufacturing Corporation (U.S.), Apache Stainless Equipment (U.S.), Gee Gee Foods & Packaging Co. Pvt. Ltd. (India), PSS SVIDNÍK, a.s. (Slovakia), Ross Industries, Inc. (U.S.), Metalbud (Poland), BAADER (Germany), Nowicki USA (U.S.), Key Technology (U.S.), Illinois Tool Works Inc. (U.S.), The Middleby Corporation (U.S.), Bettcher Industries, Inc. (U.S.) and BIZERBA (Germany) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global meat, poultry & seafood processing equipment market is segmented into six notable segments which are based on equipment type, process, mode of operation, application, function and processed products type.
- On the basis of equipment type, the global meat, poultry & seafood processing equipment market is segmented into portioning equipment, frying equipment, filtering equipment, coating equipment, cooking equipment, smoking equipment, killing/slaughtering equipment, refrigeration equipment, high pressure processing (high pressure processor), massaging equipment and others. In 2021, portioning equipment segment is dominated the market with 14.25% market share owing to the factors such as the major companies are focusing on production of portioning equipment due to higher demand from food processing industry.
- On the basis of process, the global meat, poultry & seafood processing equipment market is segmented into size reduction, size enlargement, homogenization, mixing and others. In 2021, Size Reduction segment is dominated the market with 34.79% market share owing to factors as the number steps which are included in the size reduction are more, thus the majority of operations performed are of size reduction.
- On the basis of mode of operation, the global meat, poultry & seafood processing equipment Market is segmented into automatic, semi-automatic and manual. In 2021, automatic segment is dominated the market owing to factors as the high demand for automatic operations from meat processing industry.
- On the basis of application, the global meat, poultry & seafood processing equipment market is segmented into fresh processed, raw cooked, precooked, raw fermented, dried meat, cured, frozen and others. In 2021, Fresh Processed segment is dominated the market with 27.31% market share owing to factors as the high demand for freshly produced meat and poultry products from consumers which increases the demand for fresh processed meat products.
- On the basis of function, the global meat, poultry & seafood processing equipment market is segmented into cutting, blending, tenderizing, filling, marinating, slicing, grinding, smoking, killing & de-feathering, deboning & skinning, evisceration, gutting, scaling, filleting and others. In 2021, killing & de-feathering segment is dominated the market with 12.42% market share owing to factors as the killing & de-feathering is the primary stage involved in the meat, poultry and seafood processing.
The killing & de-feathering segment will dominate the function segment of the meat, poultry & seafood processing equipment market
The killing & de-feathering segment will emerge as the dominating segment function segment. This is because of the growing availability of meat in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of processed products type, the global meat, poultry & seafood processing equipment market is segmented into meat, poultry and seafood. Meat is further sub-segmented into beef, pork and mutton. In 2021, meat segment is dominated the market with 54.03% market share owing to factors as the demand for meat products worldwide is very high which increases the demand for meat processing segment.
The meat segment will dominate the processed products type segment of the meat, poultry & seafood processing equipment market
The meat segment will emerge as the dominating segment under processed products type with approximately 54.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: Equipamientos Cárnicos, S.L. (Spain), BIRO Manufacturing Company (U.S.), BRAHER INTERNACIONAL, S.A. (Spain), Riopel Industries Inc. (Canada), Minerva Omega Group s.r.l. (Italy), GEA Group Aktiengesellschaft (Germany), RISCO S.p.A (Italy), Millard Manufacturing Corporation (U.S.), Apache Stainless Equipment (U.S.), Gee Gee Foods & Packaging Co. Pvt. Ltd. (India), PSS SVIDNÍK, a.s. (Slovakia), Ross Industries, Inc. (U.S.), Metalbud (Poland), BAADER (Germany), Nowicki USA (U.S.), Key Technology (U.S.), Illinois Tool Works Inc. (U.S.), The Middleby Corporation (U.S.), Bettcher Industries, Inc. (U.S.) and BIZERBA (Germany).
Market Development
- In September 2020, Key Technology entered into a partnership with Heat and Control Pty Ltd. in order to support customers in Australia, New Zealand, and India. This development helps the company to enhance its business and generate adequate revenue.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
North America is the dominant region in meat, poultry & seafood processing equipment market during the forecast period 2021 - 2028
As a result to a changing lifestyle that has increased the need for processed meat, poultry, and seafood products, the U.S. is the market leader in North America. This has increased the need for processing equipment in the nation. In addition, due to the numerous meat, poultry, and seafood processing firms expanding their manufacturing facilities because of the significant technical breakthroughs is driving the market expansion.
Asia-Pacific is estimated to be the fastest-growing region in meat, poultry & seafood processing equipment market the forecast period 2021 - 2028
As a result of its large population, China dominates the Asia-Pacific region. As a result, many businesses are concentrating on the high production efficiency of meat, poultry, and marine goods, which is driving up demand for processing equipment.
COVID-19 Impact
As a result of the COVID-19 pandemic's effects overall supply chain, prices for poultry, beef, and seafood goods soared, sparking a global socioeconomic catastrophe. Prices for poultry, pork, and seafood first rose as a result of decreased production and increased demand brought on by panic buying. However, later on, because of economic limitations and consumers with diminished purchasing power, both demand and production were severely reduced. The total industry was negatively impacted by a decline in the labour force, limitations on animal transportation within and between nations, and modifications to local and global export market legislation.
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