Published on : Dec 07, 2017
Albany, New York, December 7, 2017: The global food processing equipment market is likely to grow at a CAGR of 6.7% during the forecast period 2017-2022, and surpass US$ 70 billion in revenues by 2022. Steady demand from the global food industry will continue to provide growth opportunities to manufacturers during the forecast period. These insights are as per a new research added to the comprehensive repository of Market Research Hub (MRH). The report titled “Food Processing Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” is a valuable source of information and guidance for stakeholders looking to understand the dynamics of this market.
The global food processing equipment market continues to be influenced by the broader trends, including automation and energy efficiency. The food processing industry has always remained at the forefront of adoption of automation and it is highly likely that the growing spate of automation will also be incorporated by the industry in the near future. The other key technology trends impacting the market include adoption of smart sensors to enable real-time monitoring and analysis. Focus on energy efficiency and reducing downtime are the other key aspects that are becoming a focus area for manufacturers.
To offer readers concrete information, the report offers segment-wise analysis. The segment-wise analysis helps readers in identifying the strong and weak areas of a market. The global food processing equipment market has been segmented on the basis of equipment into thermal, extruding, depositors, slicers & dicers, and others. On the basis of food type, the key segments include processed, unprocessed; by application, the key segments include dairy, fruits & vegetables, bakery & confectionary, fisheries, meat & poultry, and others. By operation, the key segments include semi-automatic and automatic. According to the report, thermal equipment remains preferred among end-users. By food type, processed food is a lucrative segment, and is likely to grow at a steady rate during the forecast period. By operation, semi-automatic food processing equipment is likely to grow at a higher rate than automatic processing equipment.
On the basis of region, Asia Pacific excluding Japan (APEJ) is one of the most lucrative markets, and it is likely to remain one of the leading markets throughout the forecast period. China and India, two of the most populous countries globally, are likely to push demand for food processing equipment during the forecast period. In addition to APEJ, North America is another lucrative market for food processing equipment globally.
The leading players in the global food processing equipment market include AB Electrolux, Bühler AG, Krones AG, Tetra Laval, ALFA LAVAL GEA Group AG, Dover Corporation, BMA Braunschweigische Maschinenbauanstalt AG, Bucher Industries AG John Bean Technologies Corporation, Marlen International, Inc., NICHIMO CO., LTD, Meyer Industries, SPX Corporation, Marel, and Middleby Corporation
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