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The rapid spread of the COVID-19 has led to severe market ambiguity in the equipment manufacturing sector worldwide. Adoption of Advanced Technology in Processing Equipment. Food manufacturers are collaborating with processing equipment manufacturers to develop customized machinery as per their requirements. In the same way too, the sector is impacted by both the local economy where it manufactures as well as by the global economy in terms of food … The Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. worldwide: Revenue in the Food & Beverages segment is projected to reach US$276,904m in 2021. It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports … Bakery & confectionaries led the market and accounted for 21.7% of the global revenue share in 2019, on account of the high levels of per capita bakery product consumption in countries, such as the U.S., U.K., Spain, Italy, Germany, and France. According to XYZResearch, the global Food Processing Flash Dryer market was valued at USD xxx million in 2019, and it is expected to reach a value of USD xxx million by 2026, at a CAGR of xx% over the forecast period 2021-2026. We are here to help you succeed in everything you do and although this is a journey you are taking the first step towards success … Industry Insights The global food preservatives market size was valued at USD 2.5 billion in 2018 and is anticipated to register a CAGR of 3.7% over the forecast period. Governments and various food associations are encouraging the food processing machine manufacturers to invest in R&D, thus increasing the food processing technology and equipment market revenue. In 2018, the Brazilian food industry reached around USD 179 billion, comprising of approximately 35,800 food processing companies. Food Processing Machinery Market Overview: Global Food Processing Machinery Market was valued at $52,787 million in 2016, and is projected to reach at $68,882 million by 2023, growing … Food processing machines are the tools that facilitate commercial production and packaging of different kind of food such as meat, baked items, … The meat, poultry, & seafood application segment is expected to grow at a CAGR of 6.5% from 2020 to 2027, owing to the changing consumer lifestyle, high preference for nutritious food, and the rising awareness about the health benefits of seafood. We never share your personal data. Which application is expected to hold the highest share of the market? With Mill E3, Buhler AG has set new standards for the cost-effective milling industry. We stand by our report quality. Industry Insights. Factors, such as rapid industrialization and expansion of the food & beverage industry in Brazil, Argentina, and Paraguay, are expected to drive the regional market. By continuing to visit this site you agree to our use of cookies . The food and beverage industry has a huge contribution to R&D facilities. ; Strategic initiatives; Bigtem Makine A.S.; TNA Australia Pty. 1.4.4 Global Food Processing Machinery and Equipment Market Size … A Large and Growing Market. Home >> . 5th Edition This study includes a COVID-19: Market Impact Analysis. Deployment of automated processing equipment in the food and beverage industry over a decade has reduced the enslavement on manual workforce. The food manufacturing industry covers the production and sale of food, and includes a spectrum of activities like farming, packaging, distribution, marketing and retail. Skilled and hygienic labor is an essential requirement in the food processing industry. Food Processing Machines Market Report 2020 Global Industry Size, Segment by Key Companies, Types & Applications and Forecast to 2025 Market Study Report Date: 2020-12-01 Business Product ID: 3051448 The report was very accurate and as per my requirements. Looking forward to work together on similar projects”, “We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. We use cookies to enhance your experience. How big is the food processing equipment market? "Catapult Your Business to Fore, Gain Competitive Advantage ", Region : Global | Format: PDF | Report ID: FBI101768. Automatic Food Processing Equipment is Expected to Dwell in the Dominant Market Position. The demand for food processing machines in Central & South America is estimated to witness significant growth from 2020 to 2027. The product demand in the beverage industry is expected to witness growth on account of increasing consumption of drinks, such as wine, juices, bottled water, coffee, and tea. (MAINCA); FENCO Food Machinery s.r.l. It looks quite comprehensive and the data is exactly what I was looking for. The growth of the market can be attributed to the … In addition, the rising popularity of convenience and packaged foods is expected to open new avenues for manufacturers in developing nations over the forecast period. Global food processing equipment market expected to reach approximately USD 80.27 billion by 2024, growing at a CAGR of around 7.0% between 2017 and 2024; Global food processing equipment market … Bakery, meat and poultry, dairy, and several other sectors opt for bespoke food processing machines for better conditioning of food products. Food Processing Machines Market Report 2020 Global Industry Size, Segment by Key Companies, Types & Applications and Forecast to 2025 Market Study Report Date: 2020-12-01 … Global Food Processing Flash Dryer Market 2020, Market Size, Revenue, Growth Trend by Major Companies and Major Countries Ask for Sample/Enquiry and details report @… This growth is attributed to the rising number of processed and semi-processed retail food outlets and new product launches. Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. The Global Food Manufacturing and Processing Machinery Market report draws precise insights by examining the latest and prospective industry trends and helping readers recognize the … The domestic consumption of various processed food, such as pizza crusts, ready-to-eat foods, potato chips, sausages, and bread witnessed growth in the emerging markets of China, India, and the Middle Eastern economies. A Large and Growing Market. The equipment is used in the food industry, specifically for fruit and vegetable, meat and poultry processing. Automatic food processing equipment segment is projected to grow exponentially in the near future, owing to their increasing demand across the food and beverage industry. The report will account for Covid19 as a key market contributor. New product development, licensing agreements, and mergers & acquisitions are some of the key strategies adopted by the market players to gain a higher share and strengthen their position in the market. These systems are capable of carrying out all the sub-processes involved in food processing, such as mixing, killing, filleting, breaking, and baking, to optimize labor and transfer costs. Research and Markets sees the baby food market as the fastest growing at a CAGR of 6.4 percent during the forecast period. The grinding segment dominates the global food processing blades market due to its capability to effectively reduce the size of the foodstuffs. In addition, product innovations and growing demand for whole-grain, gluten-free, and additive-free foods are anticipated to have a positive impact on the market growth in the region. The semi-automatic segment led the market and accounted for over 50% of the global revenue share in 2019. The global food processing equipment market size was valued at USD 45.01 billion in 2019 and is projected to reach USD 62.98 billion by 2027, exhibiting a CAGR of 4.4% during the forecast period. In the UK, the food industry employs more than 500,000 people, which represents around 15% of manufacturing jobs. Rapid advancements in packaging and processing technologies in the food sector in the U.S. and several countries of the European Union are expected to drive demand for packaged foods. The penetration of automatically operated machines is anticipated to witness growth at a CAGR of 6.3% over the forecast period on account of the high demand for automation, technological development, and strong research & development capabilities of market players. The increasing demand for poultry, meat, and seafood products along with packaged food products, such as ready-to-eat foods and frozen meals, is expected to drive the market growth. The key factors driving the growth of the demand for pet food processing include the growing trend towards … In many countries, the food processing industry is a major contributor to the health of the national economy. For instance, BAADER rebranded its food processing machines into modern digital solutions providing automated food value chain. The key factors that are driving the food processing equipment market include the rising food & beverage industry, stringent regulations pertaining to food processing & safety, and increasing demand for packaged and processed foods. Request discounts available for Start-Ups & Universities. In addition, increasing demand for gluten-free and high-fiber food products is expected to drive innovations in the food & beverage industry, which, in turn, is projected to have a positive impact on the market growth over the forecast period. global food processing seals market covers segments, by material type (metals, elastomers, face materials, and other materials), application (bakery, confectionery, meat, poultry & seafood, dairy products, beverage), size, trends, CAGR, forecast up to 2025, the study also highlights the impact of drivers, restraints This, in turn, has resulted in the development of multifunctional equipment, having the ability to carry out multiple operations, such as cleaning, skinning, and weighing, to reduce the overall processing time and cost. The global food processing equipment market size was estimated at USD 57.46 billion in 2019 and is expected to reach USD 59.53 billion in 2020, b. This is a very good piece of work and will be very helpful to us going forward. 1.4.3 Global Food Processing Machinery and Equipment Market Size and Growth Rate of Dairy from 2014 to 2026. The report 2020 Global Food Processing Ingredients Market, Size, Share, Outlook and Growth Opportunities' is a comprehensive work on the Food Processing Ingredients markets, … Food manufacturing companies are making large investments for expanding their production capabilities to cater the fastest growing consumer demands. Figure 1-1 - Global Food Processing Machinery Market Global Food Processing and Handling Equipment market is expected to grow at a CAGR of 6.5% and is anticipated to reach around USD 212.8 Billion by 2026. Request a Free sample to learn more about this report. The Zion Market Research added a new report “Food Processing Seals Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025” in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints, profiles of major market players, segmentation and forecasting. Increasing Demand for Safe and Hygienic Processed Convenience Food Products to Drive Growth. The study includes the food processing market size and forecast for the food processing market through 2024, segmented by application type, end-use industry and by region. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. The firm attributes the growth to factors such as the increase in working parents, safer baby food options for infants and toddlers and parents' growing awareness of nutritional benefits associated with baby food. All interactions are confidential. Thank you Fortune Business Insights for your efforts and prompt response”, “I had a great experience working with Fortune Business Insights. Food Processing Equipment Segment is Projected to Grow at a Higher CAGR in the Near Future. Food Processing Industry Research & Market Reports. Which equipment type segment is expected to lead the market during the forecast period? What is the food processing equipment market growth? This equipment is used for various applications in the food and beverage industry. As per the secondary study, food processing machine producers are citing the lack of skilled technicians and operators across the U.S., hampering the market growth. The data offered to us was exactly what we were looking for. ), Europe (U.K., Germany, France, Italy and Rest of Europe), Asia Pacific (Japan, China, India, and Rest of Asia Pacific), Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa), Latin America (Brazil, Mexico, and Rest of Latin America), Granular Research on Specified Regions or Segments, Companies Profiled based on User Requirement, Broader Insights Pertaining to a Specific Segment or Region, Breaking Down Competitive Landscape as per Your Requirement, Other Specific Requirement on Customization. Looking forward to work together in the future”, “It has been a delightful experience working with you guys. How much was the food processing equipment market worth in 2019? Very satisfied with the overall report as it has helped me to build strategies for my business”, “This is regarding the recent report I bought from Fortune Business insights. According to the multiple secondary sources, the total market size of the bakery and confectionery sector is estimated to reach USD 530 billion at a CAGR of 4.5% by 2021. The automatic food processing equipment market in Asia Pacific is expected to witness significant growth owing to the increasing population coupled with rising demand for packaged food. Moreover, the growing demand for frozen food in China and Australia is driving the market growth in Asia Pacific. The MarketWatch News Department was not involved in the creation of this content. The semi-automatic mode of operation segment led the U.S. market in 2019; however, it is expected to lose its share to the automatic mode of operation on account of increasing investments in process automation to improve productivity. We know where we will be getting business intelligence from in the future.”, “Thank you for sending the market report and data. Therefore, the major market players are indulging in expanding their manufacturing plants with low maintenance costs. Despite the shutdown of major businesses, preventive measures such as distancing of the civilians and workers are taken by the governments to mitigate the spread of COVID-19, thus minimizing the threat of getting affected. 1 Executive Summary Executive Summary. The global food processing equipment market size was valued at USD 57.46 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.6% from 2020 to 2027. To know how our report can help streamline your business, Speak to Analyst, Bakery and Confectionery Products to Dominate the Food Processing Equipment Market Share During the Forecast Period. Besides, the report offers insights into the market trends and highlights key industry developments. 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