The North America Meat Processing Equipment Market is predicted to grow at a CAGR of 7.03% from 2024 to 2029 and the market size is expected to be valued at USD 6.94 billion by 2029 from USD 4.94 billion in 2024.
The rise of this industry can be attributed to the ever-increasing North American population and rising demand for protein-rich processed foods. Smaller suppliers in the industry are expected to increase their distribution channels, which is expected to propel the growth of this market. Meat Processing Equipment can perform functions like blending, cutting, massaging, tenderizing, dicing, filling, and smoking. Using this equipment can lead to greater efficiency, yield, and quality control. Innovative machines are also coming to the market for by-products, leading to a reduction in disposal costs and greater efficiency. Meat processing equipment also helps in meeting consumer demand for nourishing bone broths, sauces and soups which helps in reducing the transportation and waste costs in disposing the bones, thereby reducing the effective price of processing. The North America Meat Processing Equipment market is driven by factors like rising production of meat like beef, pork, and veal, rising preference of customers for protein-rich foods, rising North America population, and rising disposable income among others. However, the market is constrained by factors like high price of equipment, lack of skilled professionals and fragmented nature of the market.
North America leads the global market in food processing machinery market. Within North America, United States is expected to have the largest share. Factors like rising global population and rising preference of customers for processed protein-rich foods is expected to drive the growth of this market in the region.
GEA Group AG (Germany), JBT Corporation (U.S.), Key Technology Inc. (U.S.), Heat and Control, Inc. (U.S.), Marel (Iceland), Illinois Tool Works Inc. (U.S.), The Manitowoc Company, Inc. (U.S.) are some of the notable companies in the North America Meat Processing Equipment market.
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