Market Research Report
Food Processing Equipment Market - Global Opportunity Analysis And Industry Forecast (2017-2022)
|Published by||Meticulous Market Research Pvt. Ltd.||Product code||603495|
|Published||Content info||316 Pages
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|Food Processing Equipment Market - Global Opportunity Analysis And Industry Forecast (2017-2022)|
|Published: February 8, 2018||Content info: 316 Pages||
Food Processing Equipment Market by Type (Meat, Poultry, and Seafood Processing Equipment; Bakery Processing Equipment; Beverage Processing Equipment; Dairy Processing Equipment; Chocolate and Confectionary Processing Equipment; Fruit and Vegetable Processing Equipment; and Other Food Processing Equipment) - Global Opportunity Analysis and Industry Forecast (2017 - 2022)
Global food processing equipment market is majorly driven by the growing processed food consumption, which has increased rapidly in recent decades. This demand is associated with increasing urbanization, a huge base of the population, hectic lifestyles, rising number of nuclear families, increasing proportion of working women, and availability of less time for food preparation. As the demand for processed food is increasing, technological advancements are necessary for the growth of the sector and for the diversification of the existing production capacity of the food processing firms to meet the demand. Hence, food processors are continuously seeking and exploring new processing and preservation technologies with the help of technologically advanced equipment, which is fueling the adoption of food processing equipment across the globe.
Global food processing equipment market is expected to reach USD 74,019.6 million by 2022, at a CAGR of 6.1% during the forecast period of 2017 to 2022. Succeeding an extensive secondary and primary research on food processing equipment and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities analyzed in the market dynamics segment. The factors such as increasing consumer demand for processed food, focus on food safety and safety of workers, growing need to increase productivity, increasing the focus of food manufacturers to reduce production cost, and government support to promote food processing sector are expected to propel the growth of the market. In addition, emerging economies such as Latin America, South East Asia, and Africa provides significant opportunities for the manufacturers in this market. However, the high cost of equipment and increasing inclination towards consumption of minimally processed food hinders the growth of this market to some extent.
The study offers a comprehensive analysis of food processing equipment market with respect to various product types. The global food processing equipment market is segmented into meat, poultry, and seafood processing equipment (cutters and grinders; smokers, massagers, and tumblers; mixers; tenderizers; killing and defeathering equipment; slicers; evisceration equipment; cookers, roasters, and grillers; deheading and gutting equipment; filleting equipment; and others), bakery processing equipment (ovens and proofers; dough mixers; moulders and sheeters; dividers and rounders; depositors; and others), beverage processing equipment (brewery equipment; filtration equipment; carbonation equipment; blenders and mixers; and others), dairy processing equipment (pasteurizers; homogenizers; separators; evaporators and drying equipment; membrane filtration equipment; and others), chocolate and confectionary processing equipment (depositors; formers; coating and spraying systems; mixers; coolers; and others), fruit and vegetable processing equipment (juice extractors; peelers, cutters, and pulpers; dryers; evaporators; and others), and other food processing equipment (cereal & grains processing equipment, fat & oil processing equipment, snacks food processing equipment, and others).
Further, an in-depth analysis of the geographic scenario of the industry provides detailed qualitative and quantitative insights for the five major geographies, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa along with the coverage of major countries in each region. The geographic analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, and government & private investments. The geographic analysis section also comments on the key market players shaping the growth of the industry in the respective countries. The report identified that Asia-Pacific region dominated the global food processing equipment market in 2016 which is mainly attributed to increasing demand of processed food products in emerging and developing countries including India, China, Indonesia, and Thailand and increasing investments from major global food processors. This region is witnessing tremendous growth for food and beverages industry, primarily due to the increasing urbanization, huge base of population, health awareness, and rising disposable income.
The report also includes the competitive landscape based on an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2014-2017). The key players operating in the global food processing equipment market are Bühler AG (Switzerland), Marel HF (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corp (U.S.), Heat and Control Inc. (U.S.), SPX Flow Inc. (U.S.), Alfa Laval AB (Sweden), Nichimo International Inc. (Japan), Krones AG (Germany), Paul Mueller Company (U.S.), Key Technology Inc. (U.S.), and Tetra Pak International S.A. (Switzerland).