Market Research Report
Food Processing Equipment Market Size by Type (Meat, Poultry, and Seafood Processing Equipment, Bakery Processing Equipment, Beverage Processing Equipment, Dairy Processing Equipment, Chocolate Processing Equipment) - Global Forecast to 2025
|Published by||Meticulous Market Research Pvt. Ltd.||Product code||915899|
|Published||Content info||336 Pages
Delivery time: 1-2 business days
|Food Processing Equipment Market Size by Type (Meat, Poultry, and Seafood Processing Equipment, Bakery Processing Equipment, Beverage Processing Equipment, Dairy Processing Equipment, Chocolate Processing Equipment) - Global Forecast to 2025|
|Published: November 6, 2019||Content info: 336 Pages||
The global food processing equipment market is expected to reach $91.8 billion by 2025, at a CAGR of 6.9% during the forecast period of 2019 to 2025. The growth in this market is mainly attributed to the increasing consumer demand for processed food, growing focus on food safety and safety of workers, growing need to increase productivity, increasing focus of food manufacturers to reduce production cost, and government support to promote food processing sector. In addition, emerging economies such as Latin America, South East Asia, and Africa provides significant opportunity for the manufacturers in the global food processing equipment market. However, high cost of equipment and increasing consumers' inclination towards consumption of minimal processed food products hinders the growth of this market. Also, lack of trained labor force in many parts of the globe poses a great challenge to the global food processing equipment manufacturers.
The study offers a comprehensive analysis of the global food processing equipment market with respect to various types. The global food processing equipment market is segmented on the basis of type into meat, poultry, and seafood processing equipment, bakery processing equipment, beverage processing equipment, dairy processing equipment, chocolate and confectionery processing equipment, fruits and vegetables processing equipment, and other food processing equipment. The study also evaluates industry competitors and analyzes the market at the regional and country level.
Meat, poultry, and seafood processing equipment market is estimated to hold the largest share of the overall food processing equipment market in 2019. The large share of this segment is mainly attributed to the increasing demand and thereby the production of processed meat products which is associated with growing global population, urbanization, and disposable income; and consumer preference for protein-rich food products and convenience food products. However, the chocolate and confectionery processing equipment market is expected to grow at the fastest CAGR during the forecast period, cited to various factors such as rising need to manufacture high-value confectionery products under cost-pressure; growing need of maximizing energy efficiency; and growing confectionery industry due to economic factors, sociological trends, increasing health consciousness, and fast-evolving indulgence seeking attitude of the consumers.
Geographically, Asia-Pacific is estimated to account for the largest share of the overall food processing equipment market in 2019. The large share of this region is mainly attributed to the increasing demand of processed food products in emerging and developing countries including India, China, Indonesia, and Thailand; increasing investments from the major global food processors; and burgeoning food and beverages industry, primarily due to the increasing urbanization, huge base of population, growing health awareness, and rising disposable income.
Some of the key players operating in the global food processing equipment market are Buhler AG (Switzerland), Marel HF (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), Suite John Bean Technologies Corporation (U.S.), The Middleby Corporation (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) among others.