The Business Research Company’s Food Vacuum Machine Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Food Vacuum Machine Global Market Report 2023 evaluates food vacuum machine market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global food vacuum machine market size is expected to grow from $14.15 billion in 2022 to $14.94 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. 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 food vacuum machine market size is expected to grow to $18.44 billion in 2027 at a CAGR of 5.4%.
The increase in demand for ready-to-eat (RTE) food is expected to propel the growth of the food vacuum machine market. Ready-to-eat food is a meal that has been prepared and packaged before serving and requires no additional preparation or cooking. Consumers have been shifting away from openly or loosely offered food products to consuming hygienically packaged fortified RTE foods using food vacuum machines due to rising literacy rates and cleanliness standards. For instance, in 2022, according to the Ministry of Commerce & Industry, India, in comparison to 2020-21 (April–October), India’s exports of ready-to-eat foods increased by 24% to $ 394 million in 2021–22 (April-October). Therefore, the rise in demand for RTE food is driving the growth of the food vacuum machine market.
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The food vacuum machine market segments in the report are:
1) By Machinery Type: Chamber Vacuum Machines, External Vacuum Machines, Tray Sealing Machines
2) By Application Type: Bakery and Confectionery Products, Beverages, Meat and Seafood, Snacks and Savories, Convenience Food, Dairy and Frozen Desserts, Sauces, Dressings, Spices, and Condiments, Fruits and Vegetables, Prepared Food, Other Applications
3) By End-User Type: Industrial, Commercial, Domestic
The table of contents in TBRC’s food vacuum machine market report includes:
- Executive Summary
- Food Vacuum Machine Market Characteristics
- Food Vacuum Machine Market Trends And Strategies
- Food Vacuum Machine Market – Macro Economic Scenario
- Food Vacuum Machine Market Size And Growth
- Food Vacuum Machine Market Segmentation
- Food Vacuum Machine Market Regional And Country Analysis
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- Food Vacuum Machine Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Food Vacuum Machine Market
- Food Vacuum Machine Market Future Outlook and Potential Analysis
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