Food Processing Equipment Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021
Food processing equipment is used to transform the raw food materials or items into edible or usable food items, which undergo various physical and chemical processes. These equipment are available in various categories such as dryers, roasters, grinders, chillers, homogenizers to mixers, fryers, feeders slicers, and ovens. They are used in various industries such as dairy industry, bakery structure, seafood industry, chocolate manufacturing industry, beverage industry, poultry farm, and vegetable industry.
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Food processing equipment usually comes along with high-speed packaging and labeling unit or machinery in various industry such as meat and dairy industry. Factors such availability of raw material, more money at the disposal, changing lifestyle, and growing demand are impacting the market positively.
Need to offer a wide range of food products at affordable costs and innovation in technology are some of the key factors helping to drive the growth of the global food processing equipment market around the world. New technological advancements, Internet of Things (IoT) approach, and digitalization are boosting the market. Moreover, producers providing better and faster results along with increased quality and safety of the food is also fostering the market growth. In addition, urbanization has increased the speed of people’s day-to-day life and has changed the way they live. People are changing their eating habits to match their lifestyle. This also acts as the market driver, boosting the growth of the global market. Furthermore, rising number of women in the workforce, increasing the number of nuclear families, lesser time, and more disposal income are leading to replacements of regular food items with processed food or meals. However, some nutritionists recommend on using regular, traditional food more in the daily diet. This may act as a market restraint.
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The global food processing equipment market is segmented on the basis of its application as meat, poultry, seafood, dairy, and bakery industries. Of which, the meat, poultry, and seafood segments are providing more demand for the industry owing to the increase in consumption of these items around the world. Also, the nutritional value they contain attracts educated population more. Geographically, the global food processing equipment market is segmented as the United States, Africa, Asia, the Middle East, Latin America, and Europe.
Asia Pacific is anticipated to be the fastest growing market for food processing equipment owing to rising demand for processed food products in developing countries such as India and China. In North America, countries such as the U.S. are also dominating the global market. Growing awareness regarding new food products, increasing investments in R&D, and rising economy are some of the key factors driving the food processing market in this region.
Some of the major companies dominating the global food processing equipment market are A&B Process Systems, Paul Mueller, Scherjon, Marlen International, SPX, Maschinenbau Rud Baader, Anko Food Machine Company Limited, and Bettcher Industries Incorporated.
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Food Processing Equipment Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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