Market Research Report
Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region - Global Forecast to 2025
|Published by||MarketsandMarkets||Product code||881184|
|Published||Content info||215 Pages
Delivery time: 1-2 business days
|Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region - Global Forecast to 2025|
|Published: June 22, 2019||Content info: 215 Pages||
"The food processing & handling equipment market is projected to grow at a CAGR of 6.2%."
The food processing & handling equipment market, in terms of value, is estimated to account for USD 137.2 billion in 2019 and is projected to grow at a CAGR of 6.2%, to reach USD 196.6 billion by 2025. The rising disposable incomes, growing population, busy lifestyles, and shift in the focus toward convenience foods and instantly processed foods are some of the key trends that are driving the demand for food processing equipment, which is, in turn, influencing the growth of the food processing & handling equipment market. Companies across food processing, food retail, and foodservice value chains have various opportunities to access or increase their penetration of equipment products, either organically or through acquisition.
Based on application, the bakery & confectionery segment is estimated to be the largest segment of the food processing & handling equipment market during the forecast period. The market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex bakery products of different shapes and sizes. Development of new machinery and enhancement of the existing ones are the key strategies adopted by many players in the market. In addition, the increasing focus on the expansion of facilities, marketing schemes, and information exchange programs to create awareness and enhance the applications of bakery processing equipment is projected to contribute to the growth of the segment.
Based on equipment type, the filling & dosing equipment subsegment is projected to be the fastest-growing sub-segment of the food packaging equipment segment of the food processing & handling equipment market during the forecast period. The filling methods vary based on the nature of the product being packaged. Filling machines include one or more dosing devices with which the containers can be controlled. The increased demand for portion packaging is expected to increase the demand for filling & dosing machines, as they provide efficient need-based packaging and help in optimizing the packaging process.
Asia Pacific is projected to be the fastest-growing region in the food processing & handling equipment market in 2019. Global players are expanding their businesses in the Asia Pacific to cater to the increasing demand. The rapid economic growth, because of the rising development in countries such as China and India, is contributing to the growth of the food & beverage and consumer product industries. This growth is also attributed to factors such as the increasing demand for convenience food and the increasingly busy lifestyles of consumers. This, in turn, increases the demand for food processing and packaging machinery.
Others include: sales managers, marketing managers, and product managers.
*ROW includes South Africa, the Middle East, and Rest of South Africa.
Leading players profiled in this report:
The report segments the food processing & handling equipment market on the basis of equipment type, application, form, and region. In terms of insights, this report has focused on various levels of analyses-competitive landscape, end-use analysis, and company profiles-which together comprise and discuss views on the emerging & high-growth segments of the global food processing & handling equipment market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
(Business overview, Products offered, Recent developments, SWOT analysis & MnM View)*
Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.