Global Market for Food Processing Machinery and Equipment is Projected to Reach US$60.8 Billion by 2020

Increasing Consumption of Processed Foods Drives the Global Food Processing Machinery and Equipment Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Food Processing Machinery and Equipment markets. Global market for Food Processing Machinery and Equipment is projected to reach US$60.8 billion by 2020, driven by growing population, Westernization of lifestyles and food habits, and the subsequent rise in demand for and production of processed food varieties.

From helping process meat & poultry, fish/seafood, beverages, fruits and vegetables, fats & oil, grain mill to producing dry foods, pre-prepared foods, and dairy products, food processing machinery and equipment are indispensable capital investments in the food processing industry. Designed to meet different application needs in food processing industry, right from slaughtering animals to slicing, chopping, blending, and tenderizing meat in the meat processing industry, or crushing fruits, mixing and separating juices in beverage processing, food processing equipment have a role to play in every step of food processing. Growth in the market is heavily dependent upon food consumption trends and patterns. Growing population, globalization in food manufacturing, liberalization of trade in agriculture and food, rapid urbanization, increasing disposable incomes, increasing awareness over food brands due to advertising by transnational corporations, and growing demand for ready-to-cook/eat convenience food represent few of the factors driving growth in the market.

Urbanization has brought about fast-paced lifestyles and changes in dietary patterns. Rise in nuclear families, dual income households, and increase in women in the workforce have reduced the time available for cooking elaborate homemade meals. These mega-trends have created a strong business case for processed food including easy-to-prepare food and meal replacements for time-pressed consumers. Development in food processing technologies, over the years, have helped add significant value to processed foods, making them nutritious, safe, easy to store, cook, and eat. Per capita consumption of processed foods is increasing across the globe, with developing regions such as Asia-Pacific, Latin America and Eastern Europe especially displaying strong growth. Against this backdrop, food manufacturers are expanding plant production capacities and upgrading plants to meet new food quality and safety standards, thus benefiting demand for food processing machinery and equipment.

Machinery development, production and design in the market have traditionally relied on non-proprietary engineering skills such as metal fabrication, machining, and welding. Of late, the market has been witnessing rapid technological change driven by stringent regulatory guidelines and legislations governing food safety and hygiene, increasing competition and subsequent need for product differentiation. Especially poised to benefit are equipment featuring stainless steel and aluminum components for greater hygiene, sanitation and energy efficiency. Processing equipment with self-cleaning filters will witness strong gains as food processors struggle to minimize the contamination of food processing surface. Robotics is also gaining immense interest given its ability to simplify food processing and handling. Automated and robotic machines reduce human contact with food products that represents the prime cause of food contamination and food borne diseases.

As stated by the new market research report on Food Processing Machinery and Equipment, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 10.5% over the analysis period. Growth in the region is driven by steady economic growth, increase in employment levels, rapid urbanization, growing purchasing power of middle class consumers, and increased per capita spending on processed foods. Meat/Poultry Processing Machinery & Equipment represents the fastest growing product market supported by robust demand for protein rich meat products.

Major players in the market include Atlas Pacific Engineering Co Inc., Bucher Industries AG, Buhler AG, GEA Group Aktiengesellschaft, Heat and Control Inc., John Bean Technologies Corp., Key Technology Inc., Marel Food Systems, Marlen International, Meyn Food Processing Technology BV, The Middleby Corporation, Rheon Automatic Machinery Co. Ltd., Satake Corp., SPX Corporation, Tetra-Laval International SA, and Wenger Manufacturing Inc., among others.

The research report titled “Food Processing Machinery and Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. Product segments analyzed in the report include Meat/Poultry Processing Machinery and Equipment, Fish/Seafood Processing Machinery and Equipment, Dry Foods Processing Machinery and Equipment, Beverages Processing Machinery and Equipment, Pre-Prepared Foods Processing Machinery and Equipment, Dairy Products Processing Machinery and Equipment, Fruit/Vegetable Processing Machinery and Equipment, Grain Mill Processing Machinery and Equipment, Fats & Oil Processing Machinery and Equipment, and Multi-Products/General Purpose Processing Machinery and Equipment.