Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the food processing equipment market provides an
in-depth analysis of segments and sub-segments in global as well as regional
food processing equipment market. The study also highlights the impact of
drivers, restraints and macro indicators on the global and regional food
processing equipment market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
the global food processing equipment market. According to the report the global
food processing equipment market is projected to grow at a CAGR of 6.5% over
the forecast period of 2018-2024.
Food process equipment is
available in various components that include dryers, chillers, fryers, mixers,
grinders, slicers, and oven. Food process equipment helps to transform a raw
good ingredient into the processed food through various physical and chemical
means. In addition, the benefits of food processing include toxin removal,
preservation, and increasing food consistency. However, processed foods are
less susceptible to early spoilage rather than fresh foods because they are
better suited for long-distance transportations from source to consumer. Mass
production of food is much cheaper overall than individual production of meals
from raw ingredients. Therefore, a large profit potential exists for the
manufacturers and suppliers of processed food products.
Need to offer food products at
affordable costs and innovation in the technologies are the major factors
driving the growth of the food processing equipment market. In addition, Foods
are usually processed to kill harmful bacteria or other microorganisms, to make
them safer and for longer shelf life. Moreover, processed foods are obtained
from laboratories and not nature. The foods are genetically modified and may
cause gastrointestinal disorders, infertility and can damage your organs. This,
in turn, is anticipated to hamper the growth of the food processed equipment
market. Additionally, factors such as availability of raw materials, changing
lifestyles are positively influencing the demand for the food processing
equipment market. However, processed foods are obtained from laboratories and
not nature. The foods are genetically modified and may cause gastrointestinal
disorders, infertility and can damage your organs, which may act as the
restraining factor for the growth of the food processing equipment market over
the forecast period.
Furthermore, an increasing number
of women’s in the workforce and an increasing number of nuclear families are
leading to the replacement of regular food items with processed food or meals.
This, in turn, is anticipated to open several doors of opportunity for the key
players in the food processing equipment market over the upcoming years. On the
other hand, new technological advancements, the internet of things approach and
digitization are boosting the market over the years to come. Nowadays Food
processing equipment is often integrated with high-speed packaging and labeling
equipment in various industries such as the meat and dairy industry.
Among the geographies, the
Asia-Pacific region is anticipated to be the fastest-growing market for the
food processing equipment market. China accounts for the largest market in the
Asia-Pacific region. Significant growth in disposable income and increasing
demand for food and beverages is Asian countries have augmented the market
growth. On the other hand, rising economy and investment in research and
development activities for the food processing equipment are some of the key
factors driving the European region. Moreover, in the North American region,
the U.S. accounts for the largest market in the food processing equipment
market.
Some of the prominent players in
the global food processing equipment market are Buhler, Tetra Laval, GEA, Anko
Food Machine, and Krones. In addition, the Buhler group is the prominent
provider of the optical sorter. This company has innovated a significant
technology to help frozen vegetables and food processors to achieve the highest
food safety and hygiene standard. Moreover, the same company has announced the
new innovative technology called SORTEX PolarVision. This product is an FM detection
system that delivers an outstanding result from single products to more complex
vegetable mixes.
The report on global food
processing equipment market covers segments such as application, end-product
form, and type. On the basis of application, the global food processing
equipment market is categorized into dairy, alcoholic beverages, non-alcoholic
beverages, bakery & confectionery, and others. On the basis of the
end-product form, the global food processing equipment market is categorized
into liquid, semi-solid, solid. On the basis of type, the global food
processing equipment market is categorized into cutting & peeling
equipment, extraction equipment, thermal equipment, mixer, blender &
homogenizer, and others
The countries covered in the
North America region include the U.S., Canada, and Mexico; while Asia-Pacific
includes China, Japan, India, South Korea, Malaysia, and others. Moreover,
Germany, the U.K., France, Spain, and Rest of Europe are included in the European
region. The U.S. drives the growth in the North America region as it is the
largest market in the region. The Asia-Pacific region offers a substantial
potential for market growth owing to rapid growth in markets such as India and
China. The APAC region is projected to experience a growth at a CAGR of x.x%
over the period of 2018 - 2024.
The report provides profiles of
the companies in the global food processing equipment market such as Marel, JBT
Corporation, Tetra Laval, Buhler AG, BMA, SPX Corporation, Krones AG, Bucher
Industries AG, ALFA LAVAL and GEA Group AG.
The report provides deep insights
on demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the global food processing equipment market. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight into the investment areas
that existing or new market players can consider. The report provides insights
into the market using analytical tools such as Porter's five forces analysis
and DRO analysis of food processing equipment market. Moreover, the study
highlights current market trends and provides forecast from 2018-2024. We also
have highlighted future trends in the food processing equipment market that
will impact the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players. This report will help manufacturers, suppliers, and
distributors of the food processing equipment market to understand the present
and future trends in this market and formulate their strategies accordingly.
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