PUBLISHER: DataM Intelligence | PRODUCT CODE: 1455742
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1455742
Overview
Global Meat Nutrient Composition Analysis Equipment Market reached US$ 2.44 billion in 2022 and is expected to reach US$ 3.74 billion by 2030, growing with a CAGR of 5.5% during the forecast period 2023-2030.
The role of meat nutrient composition analysis equipment in detecting and ensuring nutrients in meat and meat products is necessarily increasing its use in meat product labeling. It is essential to determine the nutritional composition of every food product, including meat. The equipment analysis provides information about various nutritional parameters of the meat. The chemical composition of the various meat products can be easily tested with the help of such analysis equipment.
The greater use of meat nutrient composition analysis equipment in increasing the knowledge regarding the quality of the meat can help determine the grade of the meat being tested. There is an increased requirement for equipment that accurately analyzes the product's nutrient content. The strict government regulations regarding nutrient composition labeling drive demand for meat nutrient composition analysis equipment.
Government and retailers have specific labeling requirements for the meat being introduced. Before the product is released for end-user use, knowing whether the meat meets legal composition standards is important. It is important to know about the nutritional composition of the meat before consuming it to ensure the safety and standards of the product and boost the market growth.
Dynamics
Use of Advanced Technology
The increased need for the nutritional composition labeling of meat and meat products in the food processing industry is positively driving the application of advanced technology in the analysis of meat nutritional composition. Various technologies are applied in this field of meat study. Meat processing companies are adopting new and advanced technologies to derive the meat composition accurately with less effort.
The use of ultrasounds and X-rays for the examination of meat, and the adoption of DEXA and NIR technology for performing the parameter analysis have a positive impact on the growth of the market. Such technology helps in the development of new products, providing required nutrition and ensuring the safety of the consumers. Quality control and contamination of food can be achieved promptly through advanced technology in meat analysis.
Rising Demand for Packaged Meat and Meat Products
Meat and meat products always have higher demand among the global population. The changing lifestyle and dietary preferences of people have increased the demand for convenient food products. With a hectic lifestyle, people prefer processed meat and meat products requiring less preparation time. According to the International Labor Organization 2022, around 3.43 billion is the total labor force in the world. In these statistics, 39.5 % are female laborers.
The increasing number of working professionals switched to adopting ready-to-cook and ready-to-eat meat and meat products. The increasing demand for processed meat and meat products has a significant influence on the meat nutrient composition analysis equipment due to the increased importance of meat nutrient labeling on the product package.
High Cost and Maintenance
The high cost of the equipment can retrain the global meat nutrient composition analysis equipment market. The equipment uses advanced technology, which is expensive. Using this equipment in large-scale processing companies may increase manufacturers' production costs. The equipment requires high range requirements which need to be allocated dependently.
The high cost and maintenance of the meat nutrient composition analysis equipment limit the utilization of smaller-scale food processing companies. In addition, the lower and moderate economic nations may not readily adopt such due to limited resources and developmental processes. Further, with continuous technological advancement, it can be a challenge for manufacturers to update the maintenance facilities and requirements of the equipment.
The global meat nutrient composition analysis equipment market is segmented based on meat, product, parameter, technology, sales channel, application, end-user and region.
Growing Importance of Nutritional Labeling
The global meat nutrient composition analysis equipment market is segmented based on their application in meat quality analysis, meat safety testing, nutritional labeling, contaminant detection and others. Among all the segments, the nutrient labeling segment held the largest share in the global meat nutrient composition analysis equipment, due to the highest demand for product labeling in processed meat and meat products.
Food and Drug Administration and other organizations provide food label regulations that must be displayed on the product labeling, such as nutritional information. To provide accurate meat nutrients, there is a high need for meat nutrient composition analysis equipment to provide values of various nutrients present in the product. It is mandatory in many nations to provide accurate nutrient labeling of the meat product.
High Use in Food Processing Companies
In the global meat nutrient composition analysis equipment market, North America holds the largest regional segment share. Consumers of this region are highly concerned about the nutritional content of meat and meat products they consume. With the increased consumer approach towards understanding the nutritional labeling of meat, there is an increased use of such equipment in food processing companies.
The high employment-population ratio of this region has left people with little time for cooking from scratch. There is a high demand for convenient meat products in this region. With the increased market for packed meat and meat products, there is also a greater need for equipment that can provide the accurate nutritional values of the product for food labeling and information regarding the quality assurance of the product.
The major global players in the market include FOSS, CEM, Perkin Elmer, Bruker, NDC Technologies, Marel, Eagle PI, GEA, Bonsai Advanced and Zeltex.
The outbreak of the COVID-19 pandemic moderately impacted the global meat nutrient composition analysis equipment market. The decreased production and availability of meat and meat products had a negative impact on the meat nutrient composition analysis equipment. The less production, there was a limited use of equipment for the product analysis.
The disruption in the supply chain activities reduced the economic activity of meat processing industries. The import and export restrictions also had an impact on the market. Packed and convenient food products were in high demand during the pandemic. People became health conscious and increased their consumption of high-protein foods like meat and meat products.
The rising consumption of packaged food, in turn, had a positive impact on the meat nutrient composition analysis equipment market, due to its higher use in the analysis of the nutrient content of products. People become health conscious and demanded nutrient information about the meat products they consume.
The Russia-Ukraine war had a negative impact on many industrial sectors, including food processing companies. Most meat processing companies in Russia and Ukraine face many challenges in the maintenance of processing units and meat nutrient composition analysis equipment. The interrupted processes at the industrial level badly impact product production and the utility of the equipment.
The scarcity of livestock, reduced workforce, and distribution channel disruption affected the packaged meat products market growth, affecting the meat nutrient composition analysis equipment market. The political and economic uncertainty and import and export trade disruptions created due to the war had a negative impact on the market. Further, the supply chain disturbances had an immense effect on the market growth.
The global meat nutrient composition analysis equipment market report would provide approximately 93 tables, 106 figures and 230 Pages.
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