Asia Pacific Meat Processing Equipment Market

Asia Pacific Meat Processing Equipment Market Value & Growth Rate:

The Asia Pacific Meat Processing Equipment Market was worth US$ 2.69 billion in 2022 and is anticipated to reach the valuation of US$ 3.82 billion by 2027 and is predicted to grow at a CAGR of 7.9% during 2022-2027.

Asia Pacific Meat Processing Equipment Market Scenario:

Meat processing is a method of improving and upgrading the flavour of meat while also promoting easy cooking. Natural meat, on the other hand, forms a slime of various proteins during animal butchering. Following then, the use of processing methods to prevent meat degradation became commonplace. Furthermore, from slaughter to marinating, the meat processing equipment ensures great proficiency throughout the training process. As demand for processed-to-eat foods develops, customers' lifestyles change, and monetary growth continues stable, meat processing equipment is likely to be more widely used in Asia-Pacific. Over the projection period, developing markets such as China and India are likely to have the most growth in demand for meat processing equipment. However, intentions by the Indian government to prohibit the use of beef are projected to discourage the usage and exchange of processed beef, limiting the expansion of the meat processing equipment business.

The use of private-label processed meat staples is increasing in the meat processing equipment industry. Because it is ready-to-cook and affordable, this sort of processed poultry and beef is becoming increasingly popular. Furthermore, over the projection period, growing demand for processed meat products, as well as needs for high-level gear, are expected to fuel demand for meat processing equipment. In addition, the meat processing equipment industry is expanding as major equipment suppliers increasingly favour computerised technology over traditional equipment. Meat is particularly perishable, so appropriate preparation is necessary to avoid spoilage. In any case, the global meat processing equipment market is predicted to be stifled by escalating costs of coordinations and raw materials for processed equipment over the forecast period.

Asia Pacific Meat Processing Equipment Market Drivers:

From slaughter to marinating, the meat processing equipment ensures outstanding proficiency throughout the training process.

As demand for processed-to-eat foods develops, customers' lifestyles change, and monetary growth continues stable, meat processing equipment is likely to be more widely used in Asia-Pacific. Over the projection period, developing markets such as China and India are likely to have the most growth in demand for meat processing equipment. The use of private-label processed meat staples is increasing in the meat processing equipment industry. Because it is ready-to-cook and affordable, this sort of processed poultry and beef is becoming increasingly popular. Furthermore, over the projection period, growing demand for processed meat products, as well as needs for high-level gear, are expected to fuel demand for meat processing equipment. In addition, the meat processing equipment industry is expanding as major equipment suppliers increasingly favour computerised technology over traditional equipment. Meat is particularly perishable, so appropriate preparation is necessary to avoid spoilage. These factors are expected to contribute to the meat processing equipment market growth during the forecasted period.

Asia Pacific Meat Processing Equipment Market Restraints:

The Indian government's plans to ban the use of beef are expected to hinder the use and exchange of processed beef, limiting the meat processing equipment industry's growth. Moreover, rising costs of coordinations and raw materials for processed equipment are expected to suffocate the worldwide meat processing equipment market throughout the forecast period. Over the projected period, this scenario is expected to limit the worldwide Meat Processing Equipment Market's growth.

Recent Developments in the Asia Pacific Meat Processing Equipment Market:

Marel acquired Cedar Creek Company (Australia), an Australian company that specialises in meat processing software and equipment, in October of this year. This would allow the corporation to develop new items and extend its product line.

Asia Pacific Meat Processing Equipment Market Segmentation: 

By Product Type:

• Raw Fermented

• Fresh Processed Meat

• Raw Cooked Meat

• Cured Meat

• Precooked Meat

Based on the product type, it is segmented into, Raw Fermented, Fresh Processed Meat, Raw Cooked Meat, Cured Meat, Precooked Meat, the fresh processed meat category takes the biggest chunk of the meat processing equipment market share.

By Meat Type:

• Processed Pork

• Processed Mutton

• Processed Beef

• Others

The processed pork component is predicted to expand the fastest within the projection period since it consumes a rich source of food value, such as minerals, nutrients, phosphorus, niacin, and iron.

By Equipment Type:

• Dicing Equipment

• Tenderising Equipment

• Blending Equipment

• Cutting Equipment

• Filling Equipment

• Grinding Equipment

• Massaging Equipment

• Smoking Equipment

On the basis of equipment type, it is segmented into dicing equipment, blending equipment, tenderizing equipment, grinding equipment, filling equipment, cutting equipment,  massaging equipment and smoking equipment. Thanks to its wide range of applications, the cutting equipment was observed to be dominating the market by taking up considerable market share. It is also forecasted to observe notable market growth during the forecasted period.

Asia Pacific Meat Processing Equipment Market Regional Analysis: 

The Asia Pacific Meat Processing Equipment Market Report includes a segmentation of the following countries:

• India

• China

• Japan

• Australia

• Vietnam

• New Zealand

• South Korea

• Thailand

• Malaysia

• Philipines

• Indonesia

• Rest of APAC

During the forecasted period between 2022-2027, The Asia Pacific meat processing equipment market is predicted to develop at the fastest rate throughout the forecast period, owing to rising population and high economic growth. The Asia Pacific region has seen tremendous expansion in recent years. This has mostly contributed to an increase in meat consumption and discretionary spending in emerging countries, particularly India and China. Processed beef is in high demand in the Asia Pacific region since it is easy to cook and tastes well. The Latin American meat processing equipment sector is expanding at a quicker rate as local customers' preferences for processed meat evolve. These factors are driving the Asia-Pacific Meat Processing Equipment Market growth.

Asia Pacific Meat Processing Equipment Market Key Players:

1. GEA Group AG

2. JBT Corporation

3. Key Technology, Inc.

4. Marel

5. Heat and Control, Inc.

6. Illinois Tool Works, Inc.

7. Manitowoc

8. The Middleby Corporation

9. Bettcher Industries, Inc.,

10. Equipamientos Cárnicos, S.L. (Mainca).