GLOBAL OPPORTUNITY AND FORECAST FOOD PROCESSING MACHINERY MARKET Food Processing Machinery Market by Type (Depositors, Extruding Machines, Mixers, Refrigeration, Slicers & Dicers, and Others), Mode of Operation (Semi Automatic, Fully Automatic) and Application (Bakery & Confectionery, Meat, Poultry & Seafood, Dairy, Beverages, and Others) - Global Opportunity Analysis and Industry Forecast,
FOOD PROCESSING MACHINERY MARKET ANALYST REVIEW Though the technological advancements, such as minimization of energy consumption & waste generation, supports the high sales of food processing machinery, implementation of stringent regulations pertaining to food processing machinery set by the government organizations can hinder the market growth in the long term. Eswara Prasad Team Lead, Chemicals & Materials at AMR
CURRENT AND FUTURE MARKET SCENARIO The global food processing machinery market was valued at $52,787 million in The global food processing machinery market is projected to reach at $68,882 million by The global food processing machinery market growing at a CAGR of 3.9% from 2017 to The extruding machines segment is expected to show the highest growth rate, registering a CAGR of 4.6% from 2017 to The bakery & confectionery segment is expected to grow at a higher rate of 5.9% during the forecast period.
TOP IMPACTING FACTORS TO MARKET GROWTH Rapid change in the lifestyle of people globally. The food processing companies have upgraded the machineries, which can offer high processing capacity to meet the growth in demand. Manufacturers have focused on customer needs while maintaining the global quality standards. Surge in demand for processed quality food act as the major driver for the market.
FOOD PROCESSING MACHINERY MARKET SEGMENTATION BY TYPE Depositors Extruding Machines Mixers Refrigeration Slicers & Dicers Others (Cutting Machines, Dispensing Machines, and Ovens) Request PDF Sample BY APPLICATION Bakery & Confectionery Meat, Poultry, and Seafood Dairy Beverages Others (Grain, Fruit, and Nut & Vegetable) BY MODE OF OPERATION Semi-automatic Fully automatic
DOMINATING SEGMENTS EXTRUDING MACHINES SEGMENT BAKERY & CONFECTIONERY SEGMENT The extruding machines segment is expected to show the highest growth rate, registering a CAGR of 4.6% from 2017 to The bakery & confectionery segment is expected to grow at a higher rate of 5.9% during the forecast period.
GEOGRAPHICAL OVERVIEW Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is expected to lead the market during the forecast period, followed by Asia-Pacific. Brazil accounted for 28.39% share, in terms of revenue, in the LAMEA market in India is expected to grow at the highest CAGR of 5.0%. Germany accounted for 26.45% share, in terms of revenue, in the European market, in 2016.
DOMINATING MARKET PLAYERS PROFILED IN THE STUDY Anko Food Machine Co. Ltd. Berkshire Hathaway Inc. Bucher Industries John Bean Technologies Corporation (JBT) Hosokawa Micron Corp. GEA Group Mallet & Company Inc. NICHIMO CO. LTD. SPX Corporation and Tetra Laval International S.A.
A Report Titled “Food Processing Machinery Market- Opportunities And Forecast, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Food Processing Machinery Market- Opportunities and Forecast Get PDF Sample Copy Follow Allied Market Research
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