Global Tenderizing Equipment for Food Market Size By Type (Knives Roller Type, Needles Injection Type), By Application (Meat, Poultry), By Region, And Segment Forecasts, 2023 to 2031

The Global Tenderizing Equipment for Food Market was valued at USD 1.2 billion in 2023 and is expected to surpass USD 2.1 billion by 2031, registering a CAGR of 6.8% during the forecast period from 2023 to 2031. The increasing demand for processed and ready-to-eat foods, along with advancements in food processing technology, is driving the growth of the market. Tenderizing equipment is essential in the meat processing industry as it improves the texture, flavor absorption, and overall quality of meat products, thereby meeting consumer demands for better food experiences.

Drivers:

Increasing Demand for Processed Foods: With the rise in busy lifestyles, the consumption of processed and ready-to-cook food products is increasing, driving the demand for tenderizing equipment in food processing.

Technological Advancements in Food Processing: Continuous innovations in tenderizing technologies, including the development of automated equipment, are enhancing efficiency, product quality, and cost-effectiveness in the food industry.

Growing Meat Consumption: The global consumption of meat and poultry is increasing, particularly in emerging markets, further fueling the need for tenderizing equipment to meet high production volumes and maintain product quality.

Restraints:

High Initial Investment: The substantial capital required to purchase and maintain advanced tenderizing equipment, especially for small and medium-sized food processing businesses, acts as a significant restraint for market growth.

Strict Food Safety Regulations: Adhering to stringent food safety standards and regulatory requirements may increase the operational costs for manufacturers, potentially hindering market growth.

Opportunity:

Adoption of Automated and IoT-Enabled Tenderizing Solutions: The integration of automation and IoT technologies into food processing equipment offers new growth opportunities, helping manufacturers to optimize processes, reduce labor costs, and enhance productivity.

Expansion in Emerging Markets: The growing demand for processed foods in emerging regions, particularly in Asia-Pacific and Latin America, presents a significant opportunity for market players to expand their presence.

Market by System Type Insights:

Manual Tenderizing Equipment accounted for the largest market share in 2023 due to its cost-effectiveness and use in small-scale operations. However, Automated Tenderizing Equipment is expected to witness the highest growth during the forecast period, driven by increased demand for higher production efficiency and reduced labor costs.

Market by End-use Insights:

Meat Processing Plants emerged as the largest revenue contributor in 2023, driven by the rising consumption of meat and poultry products globally. The Foodservice Industry, including restaurants and catering services, is also expected to grow significantly as the demand for processed and ready-to-cook meat products increases.

Market by Regional Insights:

North America led the global tenderizing equipment for food market in 2023, accounting for the largest share due to the presence of a well-established food processing industry and high meat consumption. However, Asia-Pacific is expected to register the highest growth rate during the forecast period, fueled by the increasing demand for processed foods and rapid urbanization in countries like China and India.

Competitive Scenario:

Key players in the global tenderizing equipment for food market include JBT Corporation, Marel, Ross Industries Inc., Provisur Technologies, Bettcher Industries, and Jarvis Products Corp. These companies are focusing on technological innovations, mergers & acquisitions, and expanding their global presence to strengthen their market position. Recent developments include:

In 2023, JBT Corporation introduced a new automated tenderizing solution designed to enhance efficiency in large-scale meat processing operations.

In 2024, Marel launched a compact tenderizing machine for small and medium-sized enterprises, aiming to reduce operational costs while maintaining high product quality.

Scope of Work – Global Tenderizing Equipment for Food Market:

Key Market Developments:

In 2023, JBT Corporation introduced an advanced automated tenderizing system with integrated IoT features, enabling real-time monitoring and process optimization.

In 2024, Ross Industries expanded its manufacturing capabilities in North America to meet the growing demand for tenderizing equipment in the region.

FAQs:

What is the current market size of the Global Tenderizing Equipment for Food Market?

The market size of the Global Tenderizing Equipment for Food Market was valued at USD 1.2 billion in 2023.

What is the major growth driver of the Global Tenderizing Equipment for Food Market?

The major growth driver is the increasing demand for processed and ready-to-eat foods along with advancements in food processing technology.

Which is the largest region during the forecast period in the Global Tenderizing Equipment for Food Market?

North America is the largest region during the forecast period.

Which segment accounted for the largest market share in the Global Tenderizing Equipment for Food Market?

The Meat Processing Plants segment accounted for the largest market share in 2023.

Who are the key market players in the Global Tenderizing Equipment for Food Market?

Key market players include JBT Corporation, Marel, Ross Industries Inc., Provisur Technologies, Bettcher Industries, and Jarvis Products Corp.