(Food-Beverage-News.Com, September 19, 2018 ) According to Verified Market Intelligence, the global meat processing equipment market was valued at USD 2.63 billion in 2016 and is projected to reach USD 6.92 billion by 2025, growing at a CAGR of 11.35% from 2017 to 2025.
Meat processing equipment is a type of food processing equipment used to process meat in order to enhance its taste and shelf life. It mainly helps in converting raw food materials into food items by using various chemical and physical tools. It is mainly made up of stainless steel. Various types of meat processing equipment are available in the market such as chillers, grinders, roasters, fryers, dryers, mixers, separators, slicers, homogenizers, feeders, and ovens. These equipment have applications in different industries such as poultry farm, seafood industry, dairy industry and many more.
Safety regulations for sophisticated equipment and high rise in demand for processed meat have been driving the global meat processing equipment market. While the sudden rise in the cost of raw materials might hinder the overall growth at a global level.
Competitive Landscape:
The major players in the market are as follows:
GEA Group AG Key Technology Inc. Heat and Control, Inc. Manitowoc Bettcher Industries, Inc. Equipamientos Cárnicos, S.L. (Mainca) The Middleby Corporation Illinois Tool Works Inc. Marel JBT Corporation
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