Growth in the per capita consumption across China, Vietnam, Japan, and Philippines is expected to boost the demand for meat and meat products in Asia-Pacific. The main factor that drives the growth of the Asia-Pacific meat processing equipment market includes rise in demand for processed meat due to preference of consumers for protein-rich and safe food products. The other factors that contribute toward the growth of the Asia-Pacific meat processing equipment market are rise in meat consumption and technological advancements in the meat processing equipment industry. However, high cost of meat processing equipment is expected to hamper the market growth throughout the forecast period. Areas with absence of cold chain that need supply of shelf-stable meat products and rise in trend of small-scale meat processing firms are the two main factors that represent numerous opportunities for the Asia-Pacific meat processing equipment market. In addition, growth in focus on safety of workers serves as lucrative growth opportunities for the meat processing equipment industry.
The report segments the market into equipment, application, meat type, and country. Based on equipment, the market is divided into cutting, blending, filling, tenderizing, dicing, grinding, smoking, massaging, and others. According to application, the market is classified into fresh processed meat, precooked meat, raw cooked meat, cured meat, dry meat, raw fermented sausages, and others. By meat type, it is categorized into processed pork, processed beef, and processed mutton. Based on country, the market is analyzed across China, Vietnam, Japan, Philippines, South Korea, India, Australia, Indonesia, Thailand, Malaysia, and Rest of Asia-Pacific.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the Asia-Pacific market.
KEY MARKET SEGMENTS
- Fresh Processed Meat
- Precooked Meat
- Raw Cooked Meat
- Cured Meat
- Dry Meat
- Raw Fermented Sausages
By Meat Type
- Processed Pork
- Processed Beef
- Processed Mutton
- South Korea
- Rest of Asia-Pacific
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- Siemens AG
- Equipamientos Cárnicos, S.L. (Mainca)
- GEA Group Aktiengesellschaft
- Heat and Control, Inc.
- Illinois Tool Works Inc. (Hobart)
- JBT Corporation
- Key Technology, Inc.
- Marel hf.
- The Middleby Corporation
- Welbilt, Inc.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
- The Vollrath Company, LLC
- Millard Manufacturing Corporation
- Siemens AG
- Baucor, Inc.
What is the estimated value of the Asia-Pacific Meat Processing Equipment Market?
What is the growth rate of the Asia-Pacific Meat Processing Equipment Market?
What is the forecasted size of the Asia-Pacific Meat Processing Equipment Market?
|No. of Pages||188|
|Forecast Period||2018 - 2026|
| Estimated Market Value ( USD ||$ 3012 million|
| Forecasted Market Value ( USD ||$ 5936 million|
|Compound Annual Growth Rate||8.9%|
|Regions Covered||Asia Pacific|
Table of Contents
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.3.1. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
2.2. CXO perspective
3.2. Key findings
3.2.1. Top investment pockets
3.3. Top player positioning, 2018
3.4. Porter's Five Forces Analysis
3.4.1. Bargaining power of buyers
3.4.2. Threat of substitution
3.4.3. Threat of new entrants
3.4.4. Competitive rivalry
3.4.5. Bargaining power of suppliers
3.5. Market dynamics
184.108.40.206. Rise in consumption of meat
220.127.116.11. Increase in demand for packaged food
18.104.22.168. Technological advancements
22.214.171.124. High costs associated with machinery
126.96.36.199. Restrictions & Regulations in Meat Processing
188.8.131.52. Safety associated with the use of machinery
3.5.4. Impact analyses
4.1.1. Market size and forecast
4.2. Cutting Equipment
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Blending Equipment
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Filling Equipment
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
4.5. Tenderizing Equipment
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis, by country
4.6. Dicing Equipment
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis, by country
4.7. Grinding Equipment
4.7.1. Key market trends, growth factors, and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis, by country
4.8. Smoking Equipment
4.8.1. Key market trends, growth factors, and opportunities
4.8.2. Market size and forecast, by region
4.8.3. Market analysis, by country
4.9. Massaging Equipment
4.9.1. Key market trends, growth factors, and opportunities
4.9.2. Market size and forecast, by region
4.9.3. Market analysis, by country
4.10.1. Key market trends, growth factors, and opportunities
4.10.2. Market size and forecast, by region
4.10.3. Market analysis, by country
5.1.1. Market size and forecast
5.2. Processed Pork
5.2.1. Market size and forecast, by region
5.2.2. Market analysis, by country
5.3. Processed Beef
5.3.1. Market size and forecast, by region
5.3.2. Market analysis, by country
5.4. Processed Mutton
5.4.1. Market size and forecast, by region
5.4.2. Market analysis, by country
5.5.1. Market size and forecast, by region
5.5.2. Market analysis, by country
6.1.1. Market size and forecast
6.2. Fresh Processed Meat
6.2.1. Market size and forecast, by region
6.2.2. Market analysis, by country
6.3. Precooked Meat
6.3.1. Market size and forecast, by region
6.3.2. Market analysis, by country
6.4. Raw Cooked Meat
6.4.1. Market size and forecast, by region
6.4.2. Market analysis, by country
6.5. Cured Meat
6.5.1. Market size and forecast, by region
6.5.2. Market analysis, by country
6.6. Dry Meat
6.6.1. Market size and forecast, by region
6.6.2. Market analysis, by country
6.7. Raw Fermented Sausages
6.7.1. Market size and forecast, by region
6.7.2. Market analysis, by country
6.8.1. Market size and forecast, by region
6.8.2. Market analysis, by country
7.1.1. Market size and forecast
7.2.1. Market size and forecast
7.3.1. Market size and forecast
7.4.1. Market size and forecast
7.5. South Korea
7.5.1. Market size and forecast
7.6.1. Market size and forecast
7.7.1. Market size and forecast
7.8.1. Market size and forecast
7.9.1. Market size and forecast
7.10.1. Market size and forecast
7.11.1. Market size and forecast
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments
8.2. GEA Group Aktiengesellschaft
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.2.6. Key strategic moves and developments
8.3. ILLINOIS TOOL WORKS INC. (Hobart)
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.4. Equipamientos Cárnicos, S.L. (Mainca)
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.5. The Middleby Corporation
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. Business performance
8.5.6. Key strategic moves and developments
8.6. JBT Corporation
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Product portfolio
8.6.5. Business performance
8.6.6. Key strategic moves and developments
8.7. SIEMENS AG.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. Business performance
8.8. Welbilt, Inc.
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. Business performance
8.8.6. Key strategic moves and developments
8.9. KEY TECHNOLOGY, INC.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. Business performance
8.9.6. Key strategic moves and developments
8.10. Heat and Control, Inc.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Product portfolio
8.10.4. Key strategic moves and developments
Executive SummaryAccording to this report titled, 'Asia-Pacific Meat Processing Equipment Market by Equipment, Application, Meat Type, and Country: Opportunity Analysis and Industry Forecast, 2019 - 2026,' the market was valued at $3012 million in 2018, and is projected to reach $5936 million by 2026, growing at a CAGR of 8.8% from 2019 to 2026.
Meat is either consumed as a processed meat product or as a component of kitchen-style food preparations. Processed meat is a meat that is modified to improve its taste and shelf life. Processed meat products are gaining ground in popularity and consumption volume in Asia-Pacific. The demand for processed meat is expected to increase due to surge in consumer demand for food products with multifunctional nutrition benefits. Therefore, meat processing equipment are designed based on the specific end-use requirements. In addition, automated food processing equipment has experienced a rise in demand due to increase in focus on production efficiency and cost reduction.
Factors that drive the growth of the Asia-Pacific meat processing equipment market are varied consumer trends toward use of ready-to-eat food products. Moreover, the rise in consumption of meat in different countries such as Japan, Philippines, China, and others also boost the market growth. In addition, rise in income levels and technological advancements are expected to fuel the demand for meat processing equipment over the forecast period. However, high cost of equipment is expected to hamper the growth of the Asia-Pacific meat processing equipment market in the near future. Moreover, growth in focus toward safety while using meat processing equipment is expected to serve as a lucrative opportunity for market growth during the forecast period.
In 2018, the cutting equipment segment accounted for major share in the Asia-Pacific meat processing equipment market. Cutting is often the first operation to be employed in meat processing to separate essential meat & fat portions of the carcass from the non-essential ones. Cutting is often carried out under vacuum conditions to reduce disintegration of the protein content, which allows greater volume of filling in sausages and patties. The cutting equipment segment is expected to maintain its dominance and grow at highest CAGR in the Asia-Pacific meat processing equipment market during the forecast period, as it is the most common processing equipment used in the food industry.
Key Findings of the Asia-Pacific Meat Processing Equipment Market:
China occupied more than two-thirds share of the Asia-Pacific meat processing equipment market in 2018.
The processed mutton segment is anticipated to grow with the highest CAGR throughout the forecast period.
The fresh processed meat segment accounted for around one-fourth share of the market in 2018.
Vietnam is anticipated to grow at the highest rate during the analysis period, followed by Philippines.
Processed pork is edible meat obtained from the domestic pig and is the most common type of meat consumed in Asia-Pacific. It is highly prized in various Asian cuisines for its high-fat content and pleasant texture. Pork processing can be divided into three broad stages- slaughtering, cutting, and further processing. Cutting is a size reduction operation in which meat is separated from the carcass and cut into smaller portions. It may then be preserved, sold in portions, or sent for further processing. The processed pork segment accounted for the significant share in 2018.
Fresh processed meat comprises meat mixes composed of finely comminuted, minced, or sliced muscle meat with variable fat content. The main characteristic of this group is that all meat and non-meat ingredients are added raw without any prior heat treatment. The fresh processed meat segment accounted for the significant share in the Asia-Pacific meat processing equipment market.
The report provides an extensive competitive analysis and profiles of the key market players such as Marel hf., GEA Group Aktiengesellschaft, Illinois Tool Works Inc. (Hobart), Equipamientos Crnicos, S.L. (Mainca), The Middleby Corporation, JBT Corporation, Siemens AG., Welbilt, Inc., Key Technology, INC., and Heat and Control, Inc.
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.