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Description
Meat Processing Equipment Market size was valued at USD 6,918.2 million in 2021, at a CAGR of 5.4% from 2022 to 2028. The global market provides a detailed overview and that can be segmented by Equipment, by type of meat, and by Source of meat. By Equipment, the Meat Processing Equipment market growth has been segmented into Meat Mixer, Meat Mincer, Meat Grinder, Meat Dicer, Massaging Equipment, Meat Blender, and Meat Cutter. The Meat Grinder segment is likely to be the largest and fastest-growing segment in terms of Equipment. The main usage of grinding equipment is to grind the significant parts of tenderized meat into small amounts. Some standard grinders are utilized to isolate connective tissues, like tendons and bone pieces, from the muscle. The better use of grinders for processing an extensive variety of products, such as minced meat, hamburgers, sausages, and other products, is boosting for meat processing equipment market share. Based on the Source of meat, the Meat Processing Equipment market is segmented into Pork, Beef, Horsemeat, and Others. The Pork segment is expected to have a significant share in 2021. The main reason for the increasing demand for pork, in spite of the religious constraint on its consumption in numerous parts of the globe, is that pork is devoid of mad cow disease or Bovine Spongiform Encephalopathy (BSE), which drops the quality of protein in the meat. The need for processing instruments is high for pork owing to its rough texture. Mutton is one of the most blatantly consumed meat in the eastern parts of the world, particularly the Middle East and the Asia Pacific, and Africa, due to its natural origin, flavor, and easy accessibility.
Key Development:
In June 2022, the ‘Hot air GRACE pellet snack expander’ was launched by Grace Food Processing & Packaging Machinery at Snack & Bake Tec 2022
In November 2021, KKR acquired Bettcher Industries from MPE Partners which is a food processing equipment provider
