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Market Leaders - Meat Processing Equipment Market
Key players identified in the meat processing equipment market include GEA Group AG (Germany), JBT Corporation (U.S.), Key Technology Inc. (U.S.), Heat & Control Inc. (U.S.), Marel (Iceland), have a strong presence in the global meat processing equipment market. Other companies such as Illinois Tool Works Inc. (U.S.), The Manitowoc Company, Inc. (U.S.), Middleby Corporation (U.S.), Bettcher Industries, Inc. (U.S.), and Equipamientos Cárnicos, S.L. (Spain) also have a significant market share in the meat processing equipment market.
The key market players have focused on various growth strategies such as merger & acquisitions and new product launches because of the intensified meat processing equipment market. The major mergers & acquisitions were done in the North American region and the European region by some of the key market players such as Middleby Corporation (U.S.), JBT Corporation (U.S.), and Marel (Iceland).
Market leaders such as Middleby Corporation (U.S.) has successfully adopted merger and acquisition as a key strategy to tap the potential markets. The company focused on acquiring companies which resulted in further strengthening their overall product portfolio and a decrease in cost for their integrated products. JBT Corporation (U.S.) focused more on strengthening their sales, technology, and customer support, which has increased the company’s brand presence in the key potential international markets and has widened its reach to newer segments. Marel (Iceland) is also one of the key players and has acquired MPS meat processing systems (Netherland) for a value of EUR 670 million, which improved Marel’s position of providing complete technological solution in poultry, meat and fish industries.
GEA Group AG (Germany) emerged as a company with maximum number of new product launches across all the segments of the meat processing equipment market. The company launched various new concepts such as GEA performance PLU, which will strengthen its consumer support services and will able to receive consumer feedbacks more accurately. GEA Group AG (Germany) also launched fully automated packaging line, which would enhance company’s product line. GEA Group AG (Germany) in February 2016 introduced five new products, two major redesigns, and a selection of complete solution provider meat processing equipment, which include grinder, mixer, labeler, entry level model of the PowerPak thermoformed, and an end-of-line automation system.
Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Dicing, Grinding, Smoking), Meat Type (Beef, Pork, Mutton), Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured) - Global Forecast to 2022
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