Global Food Processing Equipment Market Overview:
Food processing equipment is referring to the various components, processing machines and systems used to handle, prepare, cook, store and package food and food products. The consistently increasing demand and consumption of processed foods is a major driving agent in the growth of the very market. The recent economic growth and surging market openness to foreign goods has radically changed the food processing sector in various developing economies such as India and China.
As per latest study released by AMA Research, the Global Food Processing Equipment market is expected to see growth rate of 5.98%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
The Growth in the Demand for Meat, Poultry, Bakery, Dairy, and Confectionery Products Globally and The Surge in Focus on Production and Operational Efficiency, Processing Time, and Quality of Food Products
Challenges:
Lack of Infrastructure and Skilled Labor in Various Geographic Regions and Ensuring the Correct Mixture of Gases in Controlled Environment Packaging
Restraints:
Increasing Production Cost Due to Rise in Energy and Labor Costs in Developed Nations and Stringent Environmental Regulations
Opportunities:
Increase in Demand for Hygienic Food Packaging Shift Toward Convenient Food Packaging, Consistently Growing Population in Various Developing Nations such as India, China, Brazil among Others and Growth in Investment for the Development of New Food & Beverage Processing Technologies Globally
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are GEA Group (Germany), Buhler AG (Switzerland), Alfa Laval (Sweden), JBT Corporation (United States), SPX FLOW (United States), IMA Group (Italy), Middleby Corporation (United States), Dover Corporation (United States), Robert Bosch (Germany), Tetra Laval (Switzerland), Marel (Iceland) and Ali Group S.r.l. (Italy). Additionally, following companies can also be profiled that are part of our coverage like Multivac (Germany), Welbilt Inc. (United States) and Electrolux (Sweden). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Food Processing Equipment market by 2030. Considering Market by Food Form Type, the sub-segment i.e. Solid will boost the Food Processing Equipment market. Considering Market by Equipment Type, the sub-segment i.e. Pre-Processing Equipment (Sorting, Grading, and Others) will boost the Food Processing Equipment market.
Latest Market Insights:
In April 2023, Tetra Pak unveiled a new generation of aseptic filling machines with improved sustainability features. This successful launch will help Tetra Pak to maintain its position in the market.
The HACCP Compliance Verification, Europe (HCV EU) Program verifies the hygienic quality of commercial food equipment. With this all-inclusive program, manufacturers can demonstrate their commitment to food safety and compliance with relevant European guidelines and legislation.
What Can be Explored with the Food Processing Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Food Processing Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Food Processing Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Food Processing Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Food Processing Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Food Processing Equipment Manufacturers, Component Manufacturers, Distributors, Suppliers, Technology Providers, Government Regulatory Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.