
Report ID: SQMIG30I2456
Skyquest Technology's expert advisors have carried out comprehensive research on the meat processing equipment market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.
Rise in Restaurant and Multinational Hotel Chains
Heightening Awareness about Rich Sources of Nutrients in Meat Items
Limitation of Skilled Labor
Environmental Concerns and Waste Management Issues
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Global Meat Processing Equipment market size was valued at USD 10.77 Billion in 2023 and is poised to grow from USD 11.30 Billion in 2024 to USD 16.61 Billion by 2032, growing at a CAGR of 4.93% in the forecast period (2025-2032).
To remain competitive in the meat processing equipment market, major manufacturers focus on automation, sustainability, and technical innovation. To enhance productivity and quality, companies are investing in energy-efficient equipment, advanced processing technology, and artificial intelligence-based solutions. Mergers and acquisitions and collaborations are typical methods of expanding a market. To remain competitive, regional and global players also develop innovative processing methods and respond to changing customer needs. 'Marel', 'GEA Group', 'JBT Corporation', 'Illinois Tool Works Inc. (Hobart)', 'The Middleby Corporation', 'Heat and Control, Inc.', 'Bettcher Industries, Inc.', 'Minerva Omega Group S.r.l.', 'Tetra Laval International S.A.', 'Nemco Food Equipment Ltd.', 'Bayle S.A.', 'PRIME Equipment Group, Inc.', 'Ross Industries, Inc.', 'KASCO Corporation', 'BIRO Manufacturing Company'
Restaurant and multinational hotel chain growth and expansion are the preponderant forces driving the global meat processing equipment market. Multinational fast-food chains like McDonald's have put higher demand for processed meat products due to growing worldwide demand for beef and chicken. Additionally, major market participants are implementing advanced machinery with strength and stability to cut through meat, which is difficult to handle.
Short-Term: To boost productivity and accuracy, meat processing plants are soon embracing automation and artificial intelligence (AI) to enhance operations. Meat inspection, cutting, and packaging are being maximized by AI-based vision systems and robotic arms. Meat producers who wish to streamline processes and capitalize on growing customer demand prioritize these technologies because they minimize labor expenses, maximize sanitation, and provide consistency in quality.
Why is Asia Pacific Leading Meat Processing Equipment Market in 2024?
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Report ID: SQMIG30I2456
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