PUBLISHER: Orion Market Research | PRODUCT CODE: 1159277
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159277
Global Prepared food equipment market Size, Share & Trends Analysis Report by Type (Pre-Processing, Processing, and Packaging), by Mode of Operation (Fully Automated. Semi-Automated, and Manual), and by Application (Bakery & Confectionery Products, Dairy & Refrigerated Products, Snacks & Savory Products, Meat & Seafood Products, Ready-To-Eat Products, and Sauces, Dressings, and Condiments), Forecast Period (2022-2028)
The global Prepared Food Equipment market is anticipated to grow at a substantial CAGR of 6.1 % during the forecast period. The increase demand for packaged food across the globe is expected to drive the growth of the prepared food equipment market over the forecast. 'On-the-go' lifestyles along with Longer working hours, longer commuting times, and a wider range of leisure activities, which is all contributing to the notion of "time-poor" consumers. In addition, consumers are less inclined to spend what valuable time they have preparing food. The main consequence of this has been an increased incidence of snacking during the day and rising out-of-home consumption as well as a greater reliance on ready-prepared foods in the evening.
The global prepared food equipment market is segmented based on the type, mode of operation, and application. Based on the type segment, the market is augmented into pre-processing, processing, and packaging. Based on the mode of operation segment, the market is again sub-segmented into the fully automatic, semi-automatic, and manual. Based on the application, the market is further segmented into the Bakery & Confectionery Products, Dairy & Refrigerated Products, Snacks & Savory Products, Meat & Seafood Products, and Ready-To-Eat Products, and Sauces, Dressings, and Condiments. Among the application segment, the snack and savory products are expected to grow at a substantial rate over the forecast. The rising consumer preferences towards the snacks and savory due availability of customized snacks and savory with specific ingredients in the market is boosting the growth of the prepared food equipment market.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The North America region is witnessed to be the fastest-growing region over the forecast. The presence of key players across the region such as The Middle by Corporation, Marel hf., The Buhler Holding AG, and among others is boosting the prepared food equipment market over the forecast. The technological advancement in processing ready to eat foods across the region is the another key factor responsible for fueling the market growth.
The major companies serving the global prepared food equipment market include Gea Group AG, Alfa Laval AB, JBT Corp., Spx Flow Inc., Buhler Holding AG, Dover Corp., Heat and Control, Inc., IMA Group, Lyco Manufacturing, Inc., Multivac Group, Robert Bosch Gmbh, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Soft Robotics Inc. announced its launch of SoftAI Solutions incorporating proprietary 3D vision, artificial intelligence software, and industry-proven soft grasping to address the most pressing problem plaguing the food industry - the inability to meaningfully automate operations. This technological innovation will finally drive broad scale adoption of automation resulting in a more resilient food supply chain that produces safer products at higher volumes with reduced waste and lower operational costs.
Research Methodology
The market study of the global prepared food equipment market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: