A recent report published by Infinium Global Research on prepared food equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional prepared food equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional prepared food 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 prepared food equipment market. According to the report, the global prepared food equipment market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.
The growing demand for ready to eat food among the consumers is helping to grow the demand for the prepared food equipment. Further, the growing corporate culture in the developing countries and lack of time to prepare traditional food is helping to boost the demand for a different type of food processing equipment. Moreover, the growing demand for customized food with specific ingredients is catalyzing the demand of the customized prepared food equipment. These prepared foods are meant for immediate consumption, like pizza, burger, dairy, bakery, and ice-cream products.
The growing influence of the urbanization, corporate culture, and nuclear families is helping to grow the demand of the prepared food equipment. Further, the growing application of the prepared food for different purposes such as storage, instant consumption, and delayed consumption is helping to grow the demand for the different type of prepared food equipment market. However, the cost factor of the installation of the new prepared food equipment and the availability of the skilled personnel to operate this type of modern equipment is restricting to the growth of the market. The continuously growing demand for a different type of prepared food in the developing countries is expected to boost the market in the near future.
Geographically, the prepared food equipment market is segmented into four regions, namely North America, Europe, the Asia-Pacific, and RoW. North America is the leading market of the prepared food equipment, owing to the availability of several advanced food retail chain in this region as McDonald's and others. Further, the presence of the several prepared food equipment manufacturing companies in this region is helping to grow the demand of the prepared food equipment in this region. Europe is the second-largest market of the prepared food equipment, after North America. Further, the Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the continuous growing demand for the prepared food product in this region.
The report on global prepared food equipment market covers segments such as mode of operation, type, and application. On the basis of mode of operation, the sub-markets include automatic, semi-automatic, and manual. On the basis of type, the sub-markets include pre-processing, processing, and packaging. On the basis of application, the sub-markets include dairy & refrigerated products, bakery & confectionery products, meat & seafood products, snacks & savory products, sauces, dressings and condiments, and ready-to-eat products.
The report provides profiles of the companies in the market such as Hup Sheng Machinery & Industry Sdn Bhd, Bigtem, Heat and Control, Inc., Hughes Equipment Company, LLC, Welbilt, Inc. (Manitowoc Foodservice, Inc.), The Middleby Corporation, Marel, The Bühler Holding AG, Alfa Laval AB, and GEA Group AG.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The 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 prepared food equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect 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.
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