Meat Processing Market size is valued at USD 14,050.2 million in 2021 and is expected to reach a value of USD 22,709.7 million by 2028, growing at a CAGR of 7.1% during the forecast period 2022 to 2028. The global market provides a detailed overview of the meat processing market and that can be segmented by product, equipment, meat, and mode of operation. By product, the meat processing market has been segmented into raw cooked meat, precooked meat, fresh processed meat, raw fermented sausages, dried meat and others. The fresh processed meat segment is likely to be the largest and fastest-growing segment in terms of product. Based on equipment, the meat processing market is segmented into grinding equipment/mincers, tenderizing equipment, cutting equipment, slicing equipment, smoking equipment and others. Among these, the tenderizing equipment segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of meat, the market is segregated into beef, pork, mutton, and others. The beef segment is likely to be the fastest-growing segment in the market. By mode of operation, the market is segmented into manual, semi-automatic, and automatic. The manual segment is likely to be the fastest-growing segment in the market.
In June 2019, JBT (US) purchased Proseal (UK) and Prime Equipment Group (US), Inc. to broaden its reach and product line.