According to TechSci Research, Global Food Processing Equipment Market is expected to reach USD 72.32 Billion by 2024, witnessing growth at a CAGR of over 7%, in value terms due to rising applications of food processing in end-use industries like beverages, dairy, poultry etc. Moreover, the increasing concerns in consumers regarding food safety and growing demand of convenience foods due to the increase in working population is expected to drive the market further. Based on type of equipment, thermal equipment possesses the largest market share and is expected to maintain its position in the forecast period due to its widespread use in various end-use industries. Based on the application, Bakery & Confectionary segment is projected to lead the market owing to the rising demand for ready-to-eat food items. Based on the mode of operation, Semi-Automatic segment is expected to lead the market due to widespread adoptions by manufacturers in developing countries. Asia-Pacific region is projected to grow at the highest CAGR in the forecast period due to the growth of food & beverage industries in emerging economies like India and China.
Years considered for this report:
- Historical Year : 2014 – 2017
- Base Year : 2018
- Estimated : 2019
- Forecast : 2020 – 2024
Objective of the Study:
- To analyse and forecast the market size of Global Food Processing Equipment Market, in terms of value.
- To classify and forecast Global Food Processing Equipment based on type, mode of operation, end-product form, application and regional distribution.
- To identify drivers and challenges for Global Food Processing Equipment Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Food Processing Equipment Market.
- To conduct the pricing analysis for Global Food Processing Equipment Market.
- To identify and analyse the profile of leading manufacturers in the Global Food Processing Equipment Market.
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Some of the leading players in the Global Food Processing Equipment Market are Bucher Industries, Alfa Laval, GEA Group, Fenco Food Machinery, Krones AG, JBT Corporation, Rexnord Corporation, Marel, SPX Corporation, Buhler AG etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Food Processing Equipment manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Food Processing Equipment manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the retailers, distribution channels and presence of all major Food Processing Equipment manufacturers across the globe.
TechSci Research calculated the market size of Global Food Processing Equipment Market using a bottom-up approach, where data for various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
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Key Target Audience:
- Food Processing Equipment Manufacturers.
- Dealers and Suppliers.
- Regulatory organizations.
- Food processing industries.
- Research organizations and consulting companies.
- Trade Associations.
- Food Safety Associations.
- Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as equipment manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Global Food Processing Equipment Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Type:
- Thermal Equipment
- Mixers Blenders & Homogenizers
- Cutting & Peeling Equipment
- Extraction Equipment
- Others
- Market, By Mode of Operation:
- Automatic
- Semi-Automatic
- Market, By End-Product Form:
- Solid Form
- Liquid Form
- Semi-Solid Form
- Market, By Application:
- Bakery & Confectionery
- Dairy
- Meat & Seafood
- Alcoholic Beverages
- Non-Alcoholic Beverage
- Others
- Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
-
-
- Australia
- Singapore
- Malaysia
- Europe
-
- France
- Germany
- United Kingdom
- Italy
- Spain
-
- North America
- United States
- Mexico
- Canada
-
- South America
- Brazil
- Argentina
- Colombia
-
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Food Processing Equipment Market segment.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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