About Food Processing-
Food processing is the comprehensive set of methodologies and practices employed to convert raw agricultural materials into ready-to-consume food items. This intricate industry spans various phases, commencing with the harvest or slaughter of raw ingredients and culminating in the creation of packaged, market-ready food products. Within food processing, a diverse array of activities unfolds, encompassing tasks such as cleaning, sorting, chopping, cooking, preserving, packaging, and labeling. The overarching objectives are to augment the shelf life, safety, and quality of food, while concurrently aligning with consumer preferences and regulatory standards. This pivotal sector significantly contributes to maintaining a reliable and accessible food supply, diminishing food waste, and bolstering the overall efficiency and sustainability of the food supply chain.The food processing market is thriving due to an escalating consumer demand for convenient and diverse food options, propelled by the simultaneous forces of global population growth and urbanization. Market growth is further fueled by advancements in food preservation technologies and a heightened focus on health and wellness, complemented by supportive government initiatives for the food processing industry. Nevertheless, the sector grapples with challenges, including stringent regulatory standards, substantial initial capital investments, and the volatility of raw material costs. Key trends within the market encompass the increasing popularity of clean label and natural ingredient products, the integration of automation in processing plants, and the notable development of plant-based and alternative protein items.
|Value (USD Million)
Competition among existing players is due to the Food Processing market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Food Processing market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that America Vendors will contribute the maximum growth to Global Food Processing- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nestle SA (Switzerland), Mondelez International Inc (America), The Kraft Heinz Co. (America), The Hershey Co. (America), Danone SA (France), General Mills Inc. (America), Grupo Bimbo SAB de CV (Maxico), Kellanova (America), Ajinomoto Co Inc (Japan ) and Inner Mongolia Yili Industrial Group Co Ltd (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kellanova (America), Ajinomoto Co Inc (Japan) and Inner Mongolia Yili Industrial Group Co Ltd (China).
AMA Research has segmented the market of Global Food Processing- market by Type (Cleaning, Sorting & Grading Equipment, Cutting, Peeling & Grinding Equipment, Mixers, Blenders & Homogenizers, Extrusion & Thermal Equipment and Others), Application (Bakery and Confectionery, Meat Poultry and Seafood, Dairy, Beverages and Others) and Region.
On the basis of geography, the market of Food Processing- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Category Type, the sub-segment i.e. Semiautomatic will boost the Food Processing- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Rise in Clean Label and Natural Ingredient Products and Adoption of Automation and Smart Manufacturing in Processing Plants
Market Growth Drivers:
Growing Consumer Demand for Convenience Foods and Increasing Global Population and Urbanization
Managing Environmental Impact and Waste in Processing and Dealing with Labor Shortages and Skilled Workforce Challenges
Stringent Food Safety and Regulatory Standards and High Initial Capital Investment for Processing Equipment
Expansion into Emerging Markets with Increasing Disposable Income and Investment in Research and Development for Product Innovation
Market Leaders and their expansionary development strategies
In November 2021, KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR will acquire Bettcher Industries leading manufacturer and supplier of food processing equipment and associated aftermarket parts and consumables, from MPE Partners.
In June, 2023 Organisers KAOUN International and dmg events announced the launch of the eagerly awaited Saudi Food Manufacturing show earlier today, at a press conference on day two of a packed Saudi Food Show. With increased market demand the inaugural edition of Saudi Food Manufacturing will raise the Kingdom’s fast-growing food manufacturing and processing sector to new heights and cement its place at the heart of progress towards the strategic goals set out in Vision 2030. Saudi Food Manufacturing is affiliated with The Saudi Food Show - the Kingdom’s largest F&B business event to date, Gulfood Manufacturing and Gulfood - the world’s largest food and hospitality business event in the world.
Key Target AudienceProviders, Manufactures, Suppliers, Research Organization, Distributer and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.