About Meat and Poultry Processing Equipment
Meat and poultry processing equipment is used by manufacturers of meat and poultry products for processing meat using techniques such as blending, homogenization, pasteurization, and filling. Processing of food helps in removal of toxins and preservation. Processed food offers advantages such as enhanced taste, low risk of contamination, enhanced shelf life, and a high degree of portability.
Technavio’s analysts forecast the global meat and poultry processing equipment market to grow at a CAGR of 6.24% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global meat and poultry processing equipment market for 2017-2021. To calculate the market size, the report discusses the market drivers, trends, and challenges faced by the market and their impact on the future market scenarios.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Meat and Poultry Processing Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the Global Meat and Poultry Processing Equipment Market: JBT, Marel, Tetra Laval International, and Key Technology.
Other Prominent Vendors in the market are: Bettcher Industries, GEA Group, TOMRA, Weber, BAADER Food Processing Machinery, Bayle, Prime Equipment Group, CG Manufacturing and Distribution, and Brower Equipment.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is rise in private-label processed meat products. Private-label processed meat and poultry products are gaining popularity among consumers as they are affordable and ready-to-cook, which also resemble entrée. Private-label products are available at premium claims with unique flavoring. Private-label meat products are being stocked in retail stores and are available at lower prices compared with branded products, which are also appealing to consumers. Over the years, there has been a constant increase in the demand for private-labeled meat products, especially in developed economies such as the US and Europe.”
According to the report, one driver in market is rise in demand for pork in China. The world’s largest consumer and producer of pork is China. The country has become the leading importer of pork and is expected to account for more than a quarter of the global pork trade market in 2017. Europe is the largest exporter of pork to China and accounts for more than 72% of the Chinese pork import market. Low prices, abundant exportable supplies, and favorable exchange rate have led European countries to expand their shipment of pork to China. Even though the US accounts for only 18% of the China's pork import market, it is expected to remain as an important market for US shipment due to growing demand for pork. The shipment of pork from the US accounted for only 5.9% in January 2015, which increased to 13.2% in August 2015 due to a rapid decline in the production of domestic pork.
Further, the report states that one challenge in market is health risks associated with consumption of processed meat. Due to health risks associated with processed meat, consumers in the US are reducing the consumption of such food products. Excessive consumption of processed meat may lead to increased risk of premature deaths. It was observed that individuals consuming processed meat were at a 72% increased risk of acquiring a heart disease than consumers of non-processed meat. Also, the risk of dying from cancer was 11% higher. A study conducted by the American Institute of Cancer in 2007 stated that 50 g of processed meat consumed daily increased the risk of colorectal cancer by 21%. A study published in the Journal of Diabetology highlighted the increased risk of the intake of processed meat leading to type 2 diabetes at 41%.
JBT, Marel, Tetra Laval International, Key Technology, Bettcher Industries, GEA Group, TOMRA, Weber, BAADER Food Processing Machinery, Bayle, Prime Equipment Group, CG Manufacturing and Distribution, Brower Equipment.