Selbyville, Delaware,, Jan. 17, 2023 (GLOBE NEWSWIRE) —
The meat and poultry processing equipment market valuation is projected to cross USD 30.5 billion by 2032, as reported in a research study by Global Market Insights Inc.
Expansion of multinational restaurant and hotel chains, especially in Europe as a chief driver of the market growth. For instance, the expansion of multinational fast-food chains such as McDonald’s has increased the demand for meat & poultry products due to the rising demand for chicken and beef around the world. Furthermore, growing investment by the government to improve the quality and working environment in food processing industries has been another major driver for industry size.
With respect to meat, the meat and poultry processing equipment market from beef processing equipment segment will surpass USD 9 billion by 2032. The substantial growth of urbanization together with economic progress in developed as well as developing countries is fueling the demand for beef. According to Food and Agriculture Organization (FAO), global beef consumption is set to expand from 65.5 million tons in 2020 to 76 million tons in 2029.
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The raw-cooked meat segment is predicted to witness over 7.5% CAGR between 2023 and 2032, due to the growing demand for protein-rich and ready-to-cook food in line with changing lifestyles, increasing disposable income, and rapid urbanization. In regions such as North America and Europe, raw meat and non-meat ingredients are consumed widely as a result of their texture, palatability, and bacterial stability.
The meat and poultry processing equipment market size from evisceration segment will grow at 6% CAGR till 2032. Significant investment in the meat processing industry for automation to reduce labor and improve quality and speed is poised to push product adoption. The segment growth is poised to further be driven by positive efforts by companies to innovate machines and equipment to reduce waste and maintain hygiene.
Asia Pacific meat and poultry processing equipment market is expected to exceed USD 14.5 billion by 2032, owing to the growing consumption of meat in China, India, and Japan. Furthermore, the mounting uptake of animal-based food products and shortage of workers in labor-intensive meat processing companies due to the recent outbreak of COVID-19 has provided lucrative opportunities to the industry.
Prominent participants operating across the meat and poultry processing equipment market is predicted to witness a series of growth mergers and acquisitions by companies to boost their market positions. For instance, in January 2021, Marel HF, a provider of food processing solutions, completed the acquisition of PMJ, a global provider of advanced processing solutions for the duck industry. The initiative is speculated to strengthen the company’s position and drive the revenue. Some of the companies in the report include Middleby Corporation, Bettcher Industries, and Prime Equipment Group.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Meat and poultry processing equipment industry 3600 synopsis, 2018-2032
2.1.1 Business Trends
2.1.2 Meat Type trends
2.1.3 Processing type trends
2.1.4 Equipment trends
2.1.5 Regional trends
Chapter 3 Meat and Poultry Processing Equipment Market Insights
3.1 Industry segmentation
3.2 COVID-19 overview on world economy
3.3 Industry ecosystem analysis
3.3.1 Raw material suppliers
3.3.3 Profit margin trends
3.3.4 Distribution channel analysis
126.96.36.199 Technology Providers
3.3.5 Vendor Matrix
3.4 Regulatory landscape
188.8.131.52 NSF 3A 14159-1-2019 (Hygiene Requirements for the Design of Meat and Poultry Processing Equipment)
184.108.40.206 European CEN ‘C’ standards for food machinery safety
220.127.116.11 BS EN 12355:2003(Food Processing Machinery. Derinding-, Skinning- And Membrane Removal Machines. Safety And Hygiene Requirements)
3.5 Cost structure analysis
3.6 Raw Material Analysis
3.6.2 Stainless Steel
3.7 Global meat and poultry processing industry outlook
3.8 Solutions to mitigate risk & food integrity
3.8.1 Streamlining maintenance: structure an efficient meat processing line
3.8.2 Selecting the exact equipment for processing line
18.104.22.168 Hazards posed by the way processing equipment has been finished
3.8.3 Application of electropolishing to reduce contamination risks
3.8.4 Using electropolishing to stay compliant with the USDA and the FDA
3.9 Co-benefit analysis for short and long term labour challenges mitigation
3.9.1 Short term labour challenges mitigation
3.9.2 Medium/long term labour challenges mitigation
3.10 Change management principles
3.10.1 Change management in meat and poultry processing
22.214.171.124 Smart housing management
126.96.36.199 Internet based smart sensing poultry farm
188.8.131.52 Artificial neural network (ANN)
184.108.40.206 Application of Wireless sensor networks (WSNs)
220.127.116.11 Use of sensing or automation technologies
18.104.22.168 Environmental monitoring systems
22.214.171.124 Commercial robotics in poultry production
126.96.36.199 Implementing Evaporative cooling systems (EVAPs)
188.8.131.52 Precision feeding systems
3.11 Industry impact forces
3.12 Innovation & technology landscape
3.13 Growth Potential Analysis, 2022
3.14 Porter’s analysis
3.15 PESTEL analysis
3.16 Impact of COVID-19 on industry
3.17 Feasibility analysis of meat processing plant
3.18 Costs of food safety investments in the meat and poultry slaughter industries
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About Global Market Insights Inc.
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.