Food processing equipment market is expected to reach $69.8 billion by the end of 2032
Market growth is supported by increasing food consumption and expanding food processing industry.
NEWARK, UNITED STATES OF AMERICA, May 17, 2022 /EINPresswire.com/ — According to the recent IMF report, sales of the food processing equipment market are expected to exceed a value of US$69.8 billion in 2032, growing at a CAGR of approximately 4.5% through the end of 2032.
The growth of packaging solutions tough enough to withstand the rigors of manufacturing and transportation has been fueled by rising customer expectations for clean, nutritious and safe meals.
Bagging, filling, wrapping, conveying, sealing and other versatile operations are becoming increasingly popular. The market has also witnessed an increase in demand for shelf stable food products, increasing the adoption of aseptic packaging and forming machinery.
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Other factors influencing the food processing equipment market include increased demand for dairy, meat, poultry, and seafood products coupled with growing awareness of food safety. Food processing is the process of converting raw ingredients into desirable food products through chemical or physical techniques. These machines can be fully or partially automated.
These instruments are used in a variety of industries including seafood and meat processing, poultry farming, dairy, chocolate, vegetable and beverage processing. High-speed packaging and labeling machines are used in the dairy and meat industries. There are three types of finished products: liquid, solid and semi-solid.
Key Takeaways from Food Processing Equipment Market Research:
Europe and North America hold majority of global food processing equipment manufacturing share
The meat, poultry and seafood industries will account for the bulk of the market share and will continue to do so for the foreseeable future.
India is estimated to be the lucrative food processing equipment market in South Asia during the forecast period
“Major players in the food processing equipment market are focusing on ready-to-eat food manufacturing developments and opportunities. In order to gain a competitive edge, market players spend heavily on R&D to develop new products. Manufacturers are also focusing on integrating technical advancements to increase manufacturing efficiency. said a senior IMF analyst.
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Some of the major companies operating in food processing equipment manufacturing are Tetra Pak, HOSHIZAKI Corp., Gea Group, Alfa Lavel, Krones, Middleby, Buhler, Marel, Atlas, Pacific engineering co. Inc., Welbilt, Inc., Dover, Rational AG and others.
Obtain valuable insights into the Food Processing Equipment Market
IMF, in its new offering, provides an unbiased Vegan Tuna Analysis featuring historical demand data (2017-2022) and forecast statistics for the period (2022-2032). The study discloses compelling information about the market demand for food processing equipment based on application (storage tank, chiller, pasteurizer, filters, CIP unit, cream separators, sprayer, dryer, homogenizer, collectors and batch feeders, pulverizing and mixing, melting, heating and cooking, flaking, grinding and cutting, molding, cooling and chilling, flavoring and seasoning, washing/crushing, pulping/grinding/slicing, tanks and storage, fermentation, filtering, Distilling/Sanitizing, Bottling/Filling, Washing, Sorting/Segregating, Peeling & Slicing, Cooling/Freezing, Drying/Frying/Cooking, Slaughter Equipment, Boning, Skimming & Trimming, Cutters & Grinders, Boilers, Heating & Cooking , smokers, massagers and tumblers, blenders, tenderizers others) in seven major regions.
Frequently Asked Questions
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