(Food-Beverage-News.Com, April 10, 2018 ) According to the new report by Meticulous Research™, the food processing equipment market will exceed 74 billion USD by 2022, growing at a CAGR of 6.1% over the next five years.
This market is driven by “increasing consumer demand for processed food, growing focus on food safety and safety of workers, risinBg need to increase productivity, increasing focus of food manufacturers to reduce production cost, and government support to promote food processing sector,” Meticulous Research™ noted in a press release today.
However, high cost of equipment and increasing inclination towards consumption of minimal processed food restricts the growth of this market to some extent.
The well-established meat, poultry, and seafood processing equipment are expected to dominate the food processing equipment market through 2022, “mainly due to increasing demand of processed meat products, owing to growing global population, urbanization, and consumer preference for protein-rich food products.”
The report notes that the chocolate and confectionery processing equipment market is expected to witness the fastest growth during the forecast period, due to “rising need to manufacture high-value confectionery products under cost-pressure, growing need of maximizing energy efficiency, growing confectionery industry, and a fast-evolving indulgence-seeking attitude of the consumers.”
Asia Pacific region is the largest market for food processing equipment, due to “consistent demand of processed food products in countries such as India, China, Indonesia, and Thailand, and increasing investments from major food processors.” This region is witnessing tremendous growth for the food and beverages industry, primarily due to the increasing urbanization, health awareness, and disposable income; as a result, numerous food and beverage firms are transitioning from manual to mechanical food processing in order to increase output and develop new products, which ultimately drives the food processing equipment market.
The key players operating in this market are Bühler AG (Switzerland), Marel HF (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Heat and Control Inc. (U.S.), SPX Flow Inc. (U.S.), Alfa Laval AB (Sweden), Nichimo International Inc. (Japan), Krones AG (Germany), Paul Mueller Company (U.S.), Key Technology Inc. (U.S.), and Tetra Pak International S.A. (Switzerland).
Scope of the report
Market by Type
Meat, Poultry, and Seafood Processing Equipment Cutters and Grinders Smokers, Massagers, and Tumblers Mixers Tenderizers Killing and Defeathering Equipment Slicers Evisceration Equipment Cookers, Roasters, and Grillers Deheading and Gutting Equipment Filleting Equipment Others Bakery Processing Equipment Ovens and Proofers Dough Mixers Moulders and Sheeters Dividers and Rounders Depositors Others Beverage Processing Equipment Brewery Equipment Filtration Equipment Carbonation Equipment Blenders and Mixers Others Dairy Processing Equipment Pasteurizers Homogenizers Separators Evaporators and Drying equipment Membrane Filtration Equipment Others Chocolate and Confectionery Processing Equipment Depositors Formers Coating and Spraying Systems Mixers Coolers Others Fruit and Vegetable Processing Equipment Juice Extractors Peelers, Cutters, and Pulpers Dryers Evaporators Others Other Food Processing Equipment.
Which are the high growth market segments in terms of equipment type and regions/countries? What is the historical market for food processing equipment across the globe? What are the market forecasts and estimates from the period 2015-2022? What are the major drivers, restrains, and opportunities in the global food processing equipment market? Who are the major players in the global food processing equipment market and what share of the market do they hold?
About Meticulous Research™ Meticulous Research™ is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research™ produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.
