The Food Processing Machinery Global Market Report 2023, provides comprehensive information on the food processing machinery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Food Processing Machinery Global Market Report 2023, the market size is expected to grow from $54.26 billion in 2022 to $57.96 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global food processing machinery market size is expected to reach $73.29 billion in 2027 at a CAGR of 6.0%.
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Product innovations are the key trends gaining popularity in the food processing machinery market. Major companies operating in the food processing machinery market are introducing innovative products to sustain their position in the market. For instance, in December 2022, GE Appliances, a US-based home appliance manufacturer, launched the GE Profile smart mixer with Auto Sense technology. The new product is a smart appliance that can be controlled using Google or Alexa voice commands. The uniqueness of the product is its auto-sense technology, which enables it to automatically sense changes in the mixture’s viscosity and stop accordingly. With the use of torque sensors, Auto-Sense technology can detect changes in the viscosity of your mixture and streamline the procedure. The function integrates with the SmartHQ app, where you can choose from guided recipes that outline the procedure step-by-step.
The food processing machinery market is segmented:
1) By Type: Depositor, Extruding Machines, Mixers, Refrigeration, Slicers And Dicers, Other Types
2) By Mode Of Operation: Semiautomatic, Fully Automatic
3) By Application: Bakery And Confectionery, Meat, Poultry And Seafood, Dairy, Beverages, Other Applications
Europe was the largest region in the food processing machinery market in 2022.
The table of contents in TBRC’s food processing machinery market report includes:
1. Executive Summary
2. Food Processing Machinery Market Characteristics
3. Food Processing Machinery Market Trends And Strategies
4. Food Processing Machinery Market – Macro Economic Scenario
5. Food Processing Machinery Market Size And Growth
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26. Africa Food Processing Machinery Market
27. Food Processing Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Processing Machinery Market
29. Food Processing Machinery Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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