The Global Meat Processing Equipment Market is expected to grow Higher by 2027.
A comprehensive overview of the Meat Processing Equipment market is recently added by UnivDatos Market Insights to its humongous database. The Meat Processing Equipment market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Meat Processing Equipment market. The Meat Processing Equipment market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Meat Processing Equipment market at the global and regional levels. The Global Meat Processing Equipment Market is expected to grow Higher by 2027.
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Market Overview
The increased meat production has been boosting the market for Meat Processing Equipment equipment. The total meat production is estimated at 337.2 million tones (in carcass weight equivalent) in 2020, like the previous year, as increased poultry and ovine meat outputs compensated for pig and bovine meat production contractions. In the pig meat sector, although African swine fever continued to adversely impact production in East Asia, mainly China, the Philippines and Viet Nam, the sector made a faster recovery than had been anticipated. Bovine meat output declines were widespread with reductions in all major geographical regions.
A combination of regional and country-specific factors, ranging from the limited availability of animals for slaughter (Australia and Brazil), institutional constraints to purchasing and transporting animals (India) and Covid-19-related market disruptions (the European Union), pushed bovine meat production levels lower. In the poultry sector, although production increased, the sector’s output expansion was the lowest on record since 1960.
COVID-19 Impact
The COVID19 has resulted in a profound re-evaluation of the advantages and costs of Meat Processing Equipment. The COVID-19 pandemic has caused disruption in supply chain worldwide. This has had a profound impact on Meat Processing Equipment. The rising spread of the virus led to strict lockdown restrictions across many countries around the globe. The supply chain and logistics were harmed as a result of the closing of borders across numerous countries. For instance, as per ISM in 2020, there is a 14% increase over the number of 2019 supply chain disruptors which was 3,700. It has resulted in significant disruptions to businesses and economic activities globally and is expected to have a short-term negative impact on the Meat Processing Equipment market due to limited or non-availability of raw material transport and disruption in service providers. As per the US Department of Agriculture (USDA), food-at-home spending (food purchased from supermarkets, convenience stores, warehouse club stores, supercenters, and other retailers) increased from USD 808.0 billion in 2019 to USD 876.8 billion in 2020, due to lockdown. This trend increased the demand for Meat Processing Equipment equipment's demand.
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Global Meat Processing Equipment Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Type, the market is primarily bifurcated into
· Cutting equipment
· Blending equipment
· Tenderizing equipment
· Filling equipment
· Slicing equipment
· Grinding equipment
· Smoking equipment
· Massaging equipment
· Other
The grinding equipment segment dominated the by product of the global Meat Processing Equipment market and will row at --% CAGR to reach US$ -- Billion by the year 2027.
By Meat, the market is primarily segmented into
· Processed beef
· Processed pork
· Processed mutton
· Other
Amongst the meat, Processed pork accounted for the largest share in 2020 and is expected to grow at --% CAGR during the forecast period 2021-2027.
By Product, the market is primarily bifurcated into
· Fresh processed meat
· Raw cooked meat
· Precooked meat
· Raw fermented sausage
· Cured meat
· Dried
The automotivesegment is dominated by end-users of the global Meat Processing Equipment market and will row at --% CAGR to reach US$ -- Billion by the year 2027.
Meat Processing Equipment Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
· Rest of the World
Based on the estimation, the North America region held major share in the Meat Processing Equipment market with almost US$ -- Billion in revenue in 2020.
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The major players targeting the market includes
· GEA Group Aktiengesellschaft
· The Middleby Corporation
· Heat and Control, Inc
· Marel
· Key Technology, Inc
· JBT Corporation
· Illinois Tool Works Inc. (ITW)
· Bettcher Industries, Inc
· Welbilt
· Mepaco Group
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Meat Processing Equipment market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Meat Processing Equipment market?
• Which factors are influencing the Meat Processing Equipment market over the forecast period?
• What are the global challenges, threats, and risks in the Meat Processing Equipment market?
• Which factors are propelling and restraining the Meat Processing Equipment market?
• What are the demanding global regions of the Meat Processing Equipment market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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Table of Content-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPs MEAT PROCESSING EQUIPMENT INDUSTRY
6 COVID-19 IMPACT
7 GLOBAL MEAT PROCESSING EQUIPMENT MARKET REVENUE
8 MARKET INSIGHTS BY TYPE
9 MARKET INSIGHTS BY MEAT
10 MARKET INSIGHTS BY PRODUCT
11 MARKET INSIGHTS BY REGION
12 RECYCLED PLASTICS MARKET DYNAMICS
13 LEGAL & REGULATORY FRAMEWORK
14 DEMAND AND SUPPLY SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 MEAT PROCESSING EQUIPMENT MARKET OPPORTUNITIES
17 MEAT PROCESSING EQUIPMENT MARKET TRENDS & INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER
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