Global processed meat market at US$361.57B in 2012, projected to reach US$799.1B by 2018, growing at CAGR of 14.3% from 2013-2018, according to Research and Markets report

Nevin Barich

Nevin Barich

Dec 18, 2013 – Business Wire

DUBLIN , December 18, 2013 (press release) – Research and Markets has announced the addition of the "Global Processed Meat & Meat Processing Equipment Market Report 2013-2018" report to their offering.

The global market for processed meat was $361,568.7 million in 2012 and is projected to reach $799,051.2 million by 2018, growing at the CAGR of 14.3% from 2013 to 2018.

Customer awareness and acceptance regarding the convenience of meat products is an important factor in the growth of the processed meat industry. Globally, the meat processing equipment industry is also witnessing steady growth on account of the increasing demand for a high-quality of processed food, growth in the processed meat industry, and acceptance by the meat products manufacturers to use the mechanization techniques and equipment depending on their availability. The increasing concern about healthy food and food safety is also leading to growth of the market.

Advancements are being made in meat processing equipment development to make them environmentally friendly. These positive attributes of processed meat and meat processing equipment are viewed as excellent business opportunities in the steadily growing meat market. These factors have attracted many multinational meat processors and manufacturers of the meat processing equipment to make a foray into the production and marketing of their products.

The market recorded revenue of $7,656.5 million in 2012. This market is growing with a CAGR of 7.2% from 2013 to 2018, and by 2018 its market is projected to be $11,495.3 million. On a global scale, North American region is the dominating consumer of both, processed meat as well as meat processing equipment. Many important players operating in this market are focusing on the Asia-Pacific region for business expansion as there is an increasing awareness among the meat consumers in this region about the mechanization of the meat processing activity, which has triggered the demand for such equipment.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Processed Meat - Market Overview

5 Meat Processing Equipment - Market Overview

6 Processed Meat Market, By Types

7 By Product Types

8 By Geography

9 Meat Processing Equipment Market, By Types

10 By Geography

11 Competitive Landscape

12 Company Profiles

- BRF SA

- Cargill Inc

- Cherkizovo Group

- GEA Food Solutions

- Hormel Foods

- Illinois Tool Works

- John Bean Technologies Corporation

- Key Technology Inc

- Manitowoc

- Marel HF

- Marfrig Group

- Middleby Corporation

- Nippon Meat Packers Inc

- Sanderson Farms Inc

- Shuanghui International

- Smithfield Foods Inc

- Tonnies Fleisch

- Tyson Foods Inc

- Vion Group

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