Food Processing Equipment Market worth 72.27 Billion USD by 2022
The food processing equipment market, in terms of value, is projected to reach around USD 72.27 Billion by 2022, at a CAGR of 7.0% from 2017 to 2022.
(EMAILWIRE.COM, August 23, 2017 ) The report "Food Processing Equipment Market by Type (Thermal, Cutting & Peeling, Extraction, Mixer, Blender & Homogenizer), by Application, by End Product Form, by Mode of Operation (Automatic, Semi-automatic), and by Region - Global Forecast to 2022", The food processing equipment market is projected to reach USD 72.27 Billion by 2022 at a CAGR of 7.0% from 2017 to 2022.
Browse 70 market data tables and 56 figures spread through 161 pages and in-depth TOC on "Food Processing Equipment Market - Global Forecast to 2022"
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The market is driven by factors such as increasing demand for processed foods in related segments of the food industry, such as dairy, meat, poultry, and seafood, rising consumer concerns about safety of food products, and growing demand for processed and convenience foods.
Meat & seafood is the fastest-growing segment in the food processing equipment market by application during the forecast period 2017–2022
Meat & seafood processing equipment helps to ensure that the processing activities are performed on time as well as help in maintaining hygiene, owing to which processing companies are able to deliver better quality products to consumers. With the rise in population, the need for food has also increased. The changes in lifestyles and increase in disposable incomes result in an increased preference for convenience food products. Hence, the inclination towards convenience meat & seafood products is also expected to increase. This is expected to drive the growth of the meat & seafood processing equipment industry as well. North America has a huge market for processed meat & seafood products, and as a result, for processing equipment as well.
In the end product form segment, the solid food products segment has the largest market in the food processing equipment industry
The solid processed food products include meat, seafood, bakery products, ready-to-eat products, dairy products, and among others. The purpose of processing in solid food products is to produce a desired food product, for easy handling, better taste or sensory characteristics, and greater shelf life. The equipment that are mainly used in processing of food products in solid form include heating equipment, dryers, fermenters, coolers, coating equipment, evaporators, and powder handling equipment. The consumption of processed food in a solid form is driven by the fast food and convenience food trend across the globe.
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Significant growth for food processing equipment is observed in the Asia-Pacific region
Asia-Pacific led the market for food processing equipment across the globe. In the region, China is estimated to have the largest share in the regional and global market. The Asia-Pacific region has a significant potential for food & beverage market growth; changing lifestyle of the consumers, due to the rise in the disposable income is one of the major factors contributing to the growth of food processing equipment market in this region.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as GEA Group (Germany), ALFA LAVAL (Sweden), Bucher Industries (Switzerland), SPX Corporation (U.S.), and Krones AG (Germany).
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com
Browse 70 market data tables and 56 figures spread through 161 pages and in-depth TOC on "Food Processing Equipment Market - Global Forecast to 2022"
Download PDF Brochure:
http://www.marketsandmarkets.com/pdfdownload.asp?id=121668697
Early buyers will receive 10% customization on this report.
The market is driven by factors such as increasing demand for processed foods in related segments of the food industry, such as dairy, meat, poultry, and seafood, rising consumer concerns about safety of food products, and growing demand for processed and convenience foods.
Meat & seafood is the fastest-growing segment in the food processing equipment market by application during the forecast period 2017–2022
Meat & seafood processing equipment helps to ensure that the processing activities are performed on time as well as help in maintaining hygiene, owing to which processing companies are able to deliver better quality products to consumers. With the rise in population, the need for food has also increased. The changes in lifestyles and increase in disposable incomes result in an increased preference for convenience food products. Hence, the inclination towards convenience meat & seafood products is also expected to increase. This is expected to drive the growth of the meat & seafood processing equipment industry as well. North America has a huge market for processed meat & seafood products, and as a result, for processing equipment as well.
In the end product form segment, the solid food products segment has the largest market in the food processing equipment industry
The solid processed food products include meat, seafood, bakery products, ready-to-eat products, dairy products, and among others. The purpose of processing in solid food products is to produce a desired food product, for easy handling, better taste or sensory characteristics, and greater shelf life. The equipment that are mainly used in processing of food products in solid form include heating equipment, dryers, fermenters, coolers, coating equipment, evaporators, and powder handling equipment. The consumption of processed food in a solid form is driven by the fast food and convenience food trend across the globe.
Make an Inquiry:
http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=121668697
Significant growth for food processing equipment is observed in the Asia-Pacific region
Asia-Pacific led the market for food processing equipment across the globe. In the region, China is estimated to have the largest share in the regional and global market. The Asia-Pacific region has a significant potential for food & beverage market growth; changing lifestyle of the consumers, due to the rise in the disposable income is one of the major factors contributing to the growth of food processing equipment market in this region.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as GEA Group (Germany), ALFA LAVAL (Sweden), Bucher Industries (Switzerland), SPX Corporation (U.S.), and Krones AG (Germany).
About MarketsandMarkets
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™ INC
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results