Reports and Data published a new report titled global Food Processing Equipment Market research report that delivers a close watch on changing market trends as well as the size of individual segments, and overall industry outlook. The detailed elaboration of the global Food Processing Equipment market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.
According to the current analysis of Reports and Data, the global Food Processing Equipment Market was valued at USD 146.22 Billion in 2020 and is expected to reach USD 235.30 Billion by 2028, at a CAGR of 6.1%. The rising demand for Food Processing Equipment attributed to the increase in the world consumption. The people in developing countries like India, China and the large market from these countries will create more demand from the food industry.
The report includes an extensive study of industry, strategic initiatives adopted by major companies, growth prospects, market position, and shares held by key participants to provide readers a comprehensive overview of the competitive landscape. The report also studies strategic initiatives undertaken by major companies in the market, including product launches, product innovation, and technological development, to strengthen their position in the market. It also studies notable business events, including collaborations, mergers and acquisitions, joint ventures, partnerships, and brand promotions.
The report offers a thorough analysis of the regions with regards to production and consumption patterns, supply and demand dynamics, import/export, technological and product advancements, current and emerging trends, consumer demands, consumer behavior shifts, and presence of key market players in each region. The report also covers a comprehensive country-wise analysis to impart better understanding of the scope and growth of the market.
Key Participants:
Key participants include Alfa Laval, Buhler AG, JBT Corporation, GEA, Dover Corporation, Robert Bosch, IMA Group, Middleby Corporation, Welbeit Inc., Multivac Corporation.
Further key findings from the report suggest:
- Food Processing Equipment market is growing at a CAGR of 5% in Asia Pacific followed by North America and Europe, with 6.4% and 6.0% CAGR, respectively. The increasing demand across the globe is the key factor to accelerate the market growth during the forecast period across all regions
- As of 2018, Bakery Confectionery is the dominating industry application, which holds 21.8% of the global industry. The Asia-pacific market is the chief revenue-generating source for this product segment, followed by North America and Europe regions
- Dairy Products application is expected to be the fastest-growing market segment during forecast period 2019-2026 with a CAGR of 6.8%. However, risk associated with products like shelf life, costs, and alternatives to dairy products are major challenge for the market growth.
- Others Application segment (that includes livestock feed, Frozen Foods, pharmaceutical, juices beverages, soups, seasoning dressings) was valued at USD 10.3 billion and is expected reach USD 16.2 billion by 2026
- Conveyor Belts equipment type holds 32.5% of the equipment type segment. The increasing use of conveyor belts for horizontal moving of products in the company is the primary factor for the growth.
- The New Product Launches and with the advancement in technology and reluctance of the
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Market Segmentation:
Form (Revenue, USD Billion; 2018–2028)
- Solid
- Liquid
- Others
Application (Revenue, USD Billion; 2018–2028)
- Bakery Confectionery
- Meat, Poultry Seafood
- Dairy Products
- Prepared Food
- Fat Oil
- Fruits Vegetables
- Others
Equipment Type (Revenue, USD Billion; 2018–2028)
- Elevators
- Conveyor Belts
- Hoppers Silos
- Reclaimers
- Stackers
Processing Type (Revenue, USD Billion; 2018–2028)
- Grading
- Sorting
- Milling
- Packing
Regional Outlook (Revenue in USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
- Brazil
Key Questions Answered In The Report
- What will be the market size and growth rate in the forecast year?
- What are the key factors driving the global Food Processing Equipment market?
- What are the risks and challenges in front of the market?
- Who are the key players in the global Food Processing Equipment market?
- What are the trending factors influencing the market shares?
- What are the key outcomes of Porter’s five forces model?
- Which are the global opportunities for expanding the global Food Processing Equipment market?
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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