The global Food Processing Equipment market gathered revenue around USD 82 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 6.0% during the prediction period 2021 to 2027. The global food processing equipment market would be largely driven by factors such as increasing consumption of processed food, urbanization, and rising disposable income of consumers across the globe. This is influencing processors to opt for bulk food handling equipment to meet the requirements of consumers across the globe.
In the food processing equipment market report, the equipment type segment includes size reduction equipment, size enlargement equipment, homogenizers & blenders, cooling & heating system, cleaning system, fermenter, sorters & graders, and others. Based on equipment, the food processing equipment market is anticipated to be dominated by the cleaning system segment at a significant growth rate during the forecasted timeline. Cooling & heating system, size reduction equipment, and homogenizers & blenders segments are also prominent in various countries across the globe for food processing due to ease of use and overall satisfactory results. These are the factors expected to influence the growth of the food processing equipment market during the forecast period.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Food Processing Equipment market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Food Processing Equipment market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Food Processing Equipment market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Food Processing Equipment Market: Prominent Regions
Asia Pacific holds major share of the food processing equipment market, due to rapid growth in food production and penetration of multinational processing players in emerging countries such as India, China, Philippines, and various other Asian countries. This factor is expected to expand the growth of the food processing equipment market in Asia Pacific at a rapid pace as compared to other regions in the future.
Demand for food processing equipment in Europe and North America is estimated to increase at a significant pace in the near future due to increase in the consumption of processed food and presence of prominent regional players of the food processing sector. The U.K., Germany, France, Russia, the U.S., and Canada are anticipated to be prominent markets for food processing equipment during the forecast period.
The market in South America and Middle East & Africa is anticipated to grow at a rapid rate in the near future. GCC, South Africa, Brazil, and Argentina are anticipated to be the potential markets in the coming years for food processing equipment.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Significant Market Participants Operational in the Food Processing Equipment Market are:
The leading players in the Food Processing Equipment Market are GEA Group AG, Buhler AG, Tetra Laval International S.A., Alfa Laval AB, Krones AG, Dover Corporation, and Middleby Corporation.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Food Processing Equipment Market: Segmentation
Food Processing Equipment Market, by Equipment
Food Processing Equipment Market, by Operation
Food Processing Equipment Market, by Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Food Processing Equipment market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Food Processing Equipment market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Food Processing Equipment markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
The study objectives of this report are: