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The global food processing & handling equipment market for USD 137.2 billion in 2019 and is projected to grow at a CAGR of 6.2%, to reach USD 196.6 billion by 2025. Advancements in the food processing industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food & beverage processing equipment market.
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MarketsandMarkets™ Presents Food Processing & Handling Equipment Market - Forecast to 2025 https://www.marketsandmarkets.com/Market-Reports/food-processing-handling-equipment-market-145960225.html
The report "Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region - Global Forecast to 2025", The global food processing & handling equipment market is estimated to be valued at USD 137.2 billion in 2019 and is projected to reach USD 196.6 billion by 2025, growing at a CAGR of 6.2%. Advancements in the food processing & packaging equipment industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food & beverage processing equipment market. With the growing preference for healthy food and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods & beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies are also expected to support the growth of the food processing & handling equipment market. Browse 103 market data Tables and 47 Figures spread through 215 Pages and in-depth TOC on "Food Processing & Handling Equipment Market - Global Forecast to 2025” The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Asia Pacific is projected to be the fastest-growing regional market for food processing & handling equipment in 2019. The region is expected to experience a sharp rise in the demand for advanced food processing machinery that helps reduce processing time and enhance the efficiency of manufacturing operations. The expected growth in the number of food processing units in this region is further projected to boost the supply and consumption of food & beverage processing equipment. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=145960225
The years considered for the study are as follows: • Base year: 2018 • Projected year: 2025 • Forecast period: 2019-2025 • Report Objectives: • To define, segment, and project the global market size for food processing & handling equipment • To understand the structure of the food processing & handling equipment market by identifying its various subsegments • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) • To analyze the micromarkets, with respect to individual growth trends, future prospects, and their contributions to the total market • To project the size of the market and its submarkets, in terms of value, with respect to regions (along with their respective key countries) • To profile key players and comprehensively analyze their core competencies • To understand the competitive landscape and identify the major growth strategies adopted by players across key regions • To analyze the competitive developments such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements • Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=145960225
By equipment type, the food processing equipmentsegment is estimated to account for the largest share in the food processing & handling equipment market in 2019. Of the various equipment types, the food processing equipment segment is estimated to dominate the market in 2019. Companies are focusing on product innovations and providing innovative machinery to cater to the increasing demand from customers. The demand for food processing & handling equipment is growing with the growth of the food industry owing to the increasing consumption of foods such as meat products, bakery & confectionery products, prepared foods, and convenience foods. New technologies, such as non-thermal processing, are also being developed to support the manufacturing process by reducing production time, ingredient & food waste, and overall cost. The meat & poultry segment is projected to witness strong growth due to the rising demand for convenience food products. The growing demand for convenience food products is one of the major drivers that has effected a surge in demand for food processing & handling equipment for the meat & poultry industry. The preference for convenience food products, including meat and poultry, is increasing due to busy life schedules of people and the increasing working women population. The demand for convenience food products has surged, as they are easy to cook and consume less time, which, in turn, has boosted the demand for meat & poultry processing equipment market during the forecast period. The growing number of organized retailers is increasing the sale of ready-to-eat meals, including meat and poultry food products, which, in turn, is fueling the demand for food processing & handling equipment for the meat & poultry industry. Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=145960225
Key Market Players: • The key players in the food processing & handling equipment market are GEA (Germany), Buhler Ag (Switzerland), Alfa Laval (Sweden), JBT Corporation (US), SPX FLOW (US), Robert Bosch (Germany), IMA Group (Italy), Middleby Corporation (US), and Dover Corporation (US), Robert Bosch (Germany), IMA Group (Italy), Tetra Laval (Switzerland), Multivac (Germany), Middleby Corporation (US), Welbilt, Inc. (US), and Electrolux (Sweden). These players, along with the other players, adopted various business strategies such as new product launches, expansions, and joint ventures & agreements in the last few years, to meet the growing demand for food processing & handling equipment market. • Recent Developments: • In May 2019, GEA launched a new SmartPacker CX400 packaging machine, which has induction sealing capabilities for meat and poultry manufacturers. In April 2019, GEA also launched CALLIFREEZE system for the GEA S-Tec spiral freezer in the Asian market. This product would help GEA’s customers to meet their Industry 4.0 strategy requirements. • In May 2019, Bosch Packaging Technology, a subsidiary of Bosch, launched the Pack 403, a fully-automated, narrow horizontal flow wrapper in the European and Asian markets. The company has been continuously developing innovative products according to the customers’ demands. • In April 2019, Tetra Pak launched a connected packaging platform; this would transform juice and milk cartons into interactive information channels, digital tools, and full-scale data carriers. • Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=145960225
Key Questions Addressed by the Report: • What are the new trending products that food processing & handling equipment companies are exploring? • Which are the key players in the market and how intense is the competition? • What are the upcoming growth trends and megatrends that food processing & handling equipment manufacturers are focusing on in the future? • What are the high-growth opportunities in the food processing & handling equipment market for each segment? • Available Customizations: • Based on the given market data, MarketsandMarkets offers customizations in the reports as per client-specific requirements. The available customization options are as follows: • 1. Product Analysis • Product matrix, which gives a detailed comparison of the product portfolio of each company • 2. Regional Analysis • Further breakdown of the American, European, Asia Pacific, African, Middle Eastern, and South American food processing & handling equipment market • Company Information • Detailed analysis and profiling of additional market players (up to five) • Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=145960225
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