Saudi Arabia food processing equipment market is expected to grow at a robust CAGR over the next five years. The market growth can be attributed to the rising applications of food processing equipment in meat and poultry. Besides, growing concerns in consumers related to food safety and the increasing popularity of convenience foods among the growing workforce of the country is expected to drive the market further. Rapidly expanding population, changing lifestyle preferences, state support, and high personal disposable income are some of the factors contributing to the market growth. Major food processing equipment manufacturers are hugely investing in multinational and domestic companies such as PepsiCo and SAVOLA, which is aiding the market growth. Being the largest economy in the Arab world, Saudi Arabia has favourable trade agreements that ranges from local food manufacturers to major companies. Thus, high demand for healthier foods and continuous advancements made in the food processing sector are expected to be the major drivers in Saudi Arabia in the coming years.
Rising inclination towards processed food products such as frozen bakery products, ready-to-bake, and other kinds of processed foods among consumers are also boosting the growth of Saudi Arabia food processing equipment market during the forecast period. Automation in computerized food processing technology to enhance food quality, safety, speed up process, and guarantee traceability. Hence, rising popularity of automation machinery such as robotic butchery machine, etc. among processed food manufacturers is supporting the adoption of food processing equipment. Government and various food associations are encouraging investments in food processing technology and equipment to ensure food hygiene and enhance the nutritional benefits of food products.
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Saudi Arabia food processing equipment market is segmented into type, mode of operation, end-product form, application, company, and geography. Based on equipment, the market is divided into thermal equipment, mixers blenders & homogenizers, cutting & peeling equipment, extraction equipment and others. The thermal equipment possesses the largest market share and is expected to maintain its position in the forecast period due to the widespread use of thermal equipment in various end-use industries. Based on the application, the meat & poultry segment is projected to lead the market owing to the rising demand for ready-to-eat meat and poultry items among the working population.
Some of the leading players in the Saudi Arabia 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.
Objective of the Study:
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 in Saudi Arabia. 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 in Saudi Arabia.
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TechSci Research calculated the market size of the Saudi Arabia 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.
Key Target Audience:
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, Saudi Arabia food processing equipment Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Food Processing Equipment Market segment.
Available Customizations:
With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
Profit Margin Analysis
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