The global food processing equipment market size was valued at USD 55.50 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028. Population expansion, coupled with the rising per capita disposable income, is expected to result in an increased demand for meat and poultry and greater consumption of processed products, thus boosting the market growth over the forecast period. These systems are widely utilized across numerous applications, such as bakery and confectionery, meat, seafood and poultry, dairy, and grains, owing to their inherent advantageous characteristics, such as quality control, durability, hygiene, and preservation.
Population growth and rising disposable income, along with increasing urbanization, are expected to augment the product demand in Middle Eastern countries. Moreover, the governments of Middle Eastern countries are focusing on reducing their reliance on the petroleum sector and promoting investments in industries, such as construction, automotive, and food and beverage.
To identify the key drivers and the competitors’ insights, Request a Sample @:
https://www.grandviewresearch.com/industry-analysis/food-processing-equipment-market/request/rs1
The food and beverage market in developing regions, such as Asia Pacific, is expected to dominate over the coming years owing to a rise in population, increasing foreign direct investments, rising disposable income, and changing preferences. In addition, increasing demand for leisure food in China, India, Indonesia, Malaysia, Japan, and various other countries is anticipated to boost the growth of the industry, thereby stimulating the product demand over the coming years.
Key Player Mentioned:
- GEA Group Aktiengesellschaft
- BAADER Group
- Bühler AG
- Marel
- Alfa Laval
- Tetra Laval International S.A.
- Krones AG
- The Middleby Corporation
- JBT Corporation
Product Segment Analysis:
- Processing Equipment
- Pre-processing Equipment
Application Segment Analysis:
- Bakery & Confectionaries
- Meat, Poultry, & Seafood
- Beverage
- Dairy
- Fruit, Nut, & Vegetable
- Grains
- Others
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
Farmed fish solutions for the marine industry had provided a convenient solution for the demand-supply imbalance. However, the industry witnessed a price hike for fresh and processed fish. The positive economic condition of the market and potential customers are some of the prominent factors that assure the prominent growth of the market over the forecast period.
Access Press Release: https://www.grandviewresearch.com/press-release/global-food-processing-equipment-market
In order to improve the food security of the world, one must increase pollution control measures and reduce food losses. These solutions can be easily achieved by standard and advanced processing equipment. This, in turn, is expected to create opportunities for equipment manufacturers over the forecast period.
Why Purchase this Report?
- A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
- The report provides a holistic view of the competitive scenario of the Food Processing Equipment Market.
- The latest product launches, along with technological changes and developments, are included in the report.
- The data analysis in the report will help you understand the Food Processing Equipment Market dynamics projected from 2021 to 2028.
- The Report has a vast data store, so it can accommodate your custom needs as well.
About Us:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world’s renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
