About Food Processing
Food processing is any method used to turn fresh foods into food products or one form of food into other forms. It may involve various process such as washing, chopping, pasteurizing, freezing, fermenting, packaging, cooking and many more. It has various applications including preservation, distribution and marketing of food, protection from pathogenic microbes and toxic substances, year-round availability of many food items and ease of preparation by the consumer.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.2% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that Global 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.
Nestlé S.A. (Switzerland), PepsiCo, Inc. (United States), JBS S.A. (Brazil Company), Anheuser-Busch InBev (Belgium), The Coca-Cola Company (United States), Archer Daniels Midland Company (United States), Tyson Foods, Inc. (United States) and Mondelez International, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Cargill (United States), Mars, Incorporated (United States) and Unilever (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Food Processing market by Type (Food, Chocolate, Candy and Beverage), Application (Beverages, Dairy, Meat & Poultry, Bakery, Convenience Food & snacks, Fruits & Vegetables, Confectionery, Seafood, Pet Food and Other Applications) 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 Process, the sub-segment i.e. Primary Food Processing will boost the Food Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Method, the sub-segment i.e. Traditional Methods (heat treatment, fermentation, pickling, smoking, drying, and curing) will boost the Food Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Innovative Food Processing Techniques and Increased Number of People with Busy LifeStyle
Market Growth Drivers:
Increasing Demand for Packaged Food and Food Products and Food Processing Helps to Increase Shelf Life and Quality of the Food
Challenges:
Environmental Factors Affects the Packaged Food Products
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Food Industry Worldwide and Significant Increase in the Number of Chain Outlets and Restaurants
Market Leaders and their expansionary development strategies
In February 2024, Frozen foods companies Twin City Foods Inc. and Smith Frozen Foods Inc. have signed an agreement to merge, with terms of the deal still being finalized, according to a release distributed by Twin City Foods. The new parent company will be named TCF Holdings Inc., and according to the release, the partnership represents a strategic alignment of resources and capabilities to meet demand and support local farmers.
In March 2024, Fortifi Food Processing Solutions (“Fortifi”), today announces its launch as a unified platform of global leading brands and products within food processing equipment and automation solutions. Operating in more than 15 countries spanning five continents, Fortifi provides a broad range of solutions across the food industry including applications in protein, dairy, and fruits and vegetables. Fortifi’s technologies enhance productivity, maximize yield, and improve worker safety for customers around the world.
Key Target Audience
Food Processing Manufacturers, Research Professionals, Emerging Companies, Government Body & Associations and End-user
About Approach
To 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.