The Global Food Processing Machinery and Equipment Market is Projected to Reach US$70 Billion by 2022

Rapid Growth of Processed Foods Industry to Drive the Food Processing Machinery and Equipment Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Food Processing Machinery and Equipment market. The global Food Processing Machinery and Equipment market is projected to reach US$70 billion by 2022, driven primarily by the growing consumer demand for processed and packaged foods.

Food processing machinery has evolved to become as an indispensable component of the food processing industry. Designed to transform raw food ingredients into food products using a variety of chemical and physical methods, food processing machinery and equipment, such as grinders, dryers, chillers, feeders, mixers, roasters, separators, ovens, slicers, grinders and homogenizers, find use in poultry, seafood, industrial bakery, dairy, beverage, chocolate making, and vegetable industry, among others. The market for food processing machinery and equipment is thus inherently linked to the structure, behavior, demand and technical trends in the food processing industry, which has seen several changes in recent times, right from type of food products being processed and processing techniques employed to nature of equipment and machinery used. The need to increase output of edible food from fresh food resources, conveniently store it for a longer period of time and reduce wastage is driving food processing industry participants to deploy food processing machinery and equipment in their facilities.

Rapid growth in the food and beverages industry and efforts to introduce new products into the market are also driving growth in the food processing machinery market. Sustained increase in sales of processed and packaged food products, particularly in developing and populous economies is fuelling market growth. The availability of a wide variety of food products at relatively lower costs and increasingly complex nature of production processes are also enhancing the need for automation of food production/processing operations, thus driving demand for food processing machinery market. With automated food processing operations, there is considerable improvement in speed, productivity and efficiency of processing operations while maintenance, operating and wastage costs can be reduced significantly. Consumer concerns over safety of food products and implementation of stringent safety standards are also promoting growth in the food processing machinery market. Type of food products demanded by consumers, new processes employed by food processing companies, tightening government regulations and growing awareness levels on health and hygiene directly influence market prospects for food processing equipment and machinery. Meat/Poultry processing machinery represents the largest product market. With consumption of meat continuing to post strong growth, there is a huge increase in the number of packaged meat products particularly targeting the convenience market. This is consequently propelling the amount of meat being processed, and hence fostering growth in the meat processing machinery market. The growth is also propelled by the rapidly changing food consumption habits of people across the world and their increasing preference for protein rich foods.

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 9.1% over the analysis period. The growth in the region is led by factors such as vast population base, changing consumer lifestyles, increasing disposable incomes and the ensuing shift in food preferences and tastes, and the robustly growing processed and packaged food industry against the backdrop of surging demand for easy-to-cook, convenient foods. Increasing presence of export oriented meat, poultry and seafood processing companies in the region is also driving growth.

Major players covered in the report include Atlas Pacific Engineering Company Inc., Bucher Industries AG, Bühler AG, GEA Group AG, Heat and Control Inc., John Bean Technologies Corporation, Key Technology Inc., Marel Food Systems, Marlen International, Meyn Food Processing Technology BV, The Middleby Corporation, Rheon Automatic Machinery Co. Ltd., Satake Corporation, SPX Flow Inc., Tetra Laval International S.A., 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 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. The market is analyzed by the following Product Groups - Meat/Poultry, Fish/Seafood, Dry Foods, Beverages, Pre-Prepared Foods, Dairy Products, Fruit/Vegetable, Grain Mill, Fats & Oil and Multi-Products/General Purpose. 

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