According to the research report, “Global Meat Processing Equipment Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 20 Billion by 2029, increasing from USD 14.24 Billion in 2023. The market is expected to grow with a 6.12% CAGR from 2024 to 2029.

Top Six Compaies in the Meat Processing Equipment Market

GEA Group AG:  GEA is one of the largest technology suppliers for food processing and a wide range of other industries. The global group specializes in machinery, plants, as well as process technology and components. GEA is divided into five divisions, each with up to six business units. GEA is listed in the German MDAX, the European STOXX® Europe 600 Index and is one of the companies that make up the DAX 50 ESG, MSCI Global Sustainability as well as the Dow Jones Sustainability World and Dow Jones Sustainability Europe Indices. 

• Established: 1881

• Headquarters:  Düsseldorf, Germany

• Employees: 18,123

• Revenue: 5,469.4 Million Euro

JBT Corporation: John Bean Technologies Corporation (JBT) is a leading global technology solutions provider to high-value segments of the food and beverage industry with a focus on proteins, liquid foods, and automated guided vehicles (AGVs). It offers services such as aircraft ground power, military and commercial cargo loading, and also provides ready-to-eat meals, vegetables, fruits, dairy and bakery products. The company also offers automatic guided vehicles, aerospace services, ground support equipment, gate equipment, military equipment and airport services.

• Established: 2008    

• Headquarters:  Illinois, United States

• Employees: 6,600

• Revenue: 5,469.4 Million Euro

The Middleby Corporation: The Middleby Corporation is a world leader in commercial and residential kitchen equipment and industrial food processing and bakery systems.  With more than 120 brands in three complementary business segments, Middleby innovates, manufactures, and markets its solutions worldwide.In Middleby Residential the company offers leading premium brands including Viking, Lynx, Aga, La Corune, U-Line and Marvel among others. Products include ranges, speed cook ovens, refrigerators, cooktops, and outdoor equipment. The company has two residential showcase showrooms in New York City and Chicago.

• Established: 2008    

• Headquarters:  Illinois, United States

• Employees: 10,722

• Revenue: USD 4,036 Million 

Illinois Tool Works Inc: The Company is a global manufacturer of a diversified range of industrial products and equipment with 84 divisions in 51 countries. ITW has more than 18,000 granted and pending patent applications worldwide. The company’s major products include plastic and metal components, fasteners and assemblies, warehousing equipment, cooking equipment, consumables, refrigerators, freezers, adhesives, chemical fluids, hand wipes, fillers and putties, and arc welding equipment. ITW also offers other products such as insulation products, anchors, fasteners, conveyor systems, and airport ground support equipment for automobile, household, auto aftermarket maintenance and appearance, construction, and other commercial applications.

• Established: 1912    

• Headquarters:  Illinois, United States

• Employees: 45,000

• Revenue: USD 16, 107 Million

Bettcher Industries: Headquartered in Birmingham, Ohio, Bettcher is a leading developer and manufacturer of innovative equipment in the food processing and medical device industries. The Bettcher portfolio includes the following: Bettcher, a designer and manufacturer of handheld trimmers, tools, and cutting consumables for all protein applications; Cantrell-Gainco, a manufacturer of processing equipment and yield enhancement and yield tracking systems for various protein operations; ICB Greenline, an aftermarket replacement parts and services company focused on poultry processing; and, Exsurco Medical, a leading-edge medical device company that provides innovative products and services to transform surgical grafting, debridement, and recovery outcomes for patients with burn and trauma wounds.

• Established: 1944    

• Headquarters:  Ohio, U.S.

• Employees: 300

• Revenue: Estimated USD 82 Million 

Marel hf.: Marel is a multi-national food processing company based in Iceland and headquartered in Garðabær. The Company are listed on Nasdaq Iceland and Euronext Amsterdam.Operating across more than 30 countries, Customer Centers enable efficient communication across different markets. t manufactures, develops, distributes and sells advanced equipment, systems and provide services and solutions to the fish, meat and poultry processing industries. The company offers systems for processing broilers, turkeys and ducks, equipment and systems for processing farmed and wild salmon and whitefish onboard and ashore. Marel also provides solutions on deboning and trimming, case ready food service, bacon processing; and provides products for portioning, coating, heat treatment and sausage making. 

• Established: 1983    

• Headquarters:   Garðabær, Iceland

• Employees: 6,645

• Revenue: 1,721 Million Euro