According to the report, the “Food Processing Equipment Market” is prognosticated to be worth USD 63.74 billion by the end of 2027 from USD 42.75 billion in 2018. The market is anticipated to expand at a CAGR of 5.2% within the forecast duration set between 2019 to 2027. As per current Food Processing Equipment Market trends, the processing equipment segment is expected to witness exponential growth on account of their increasing demand across the food and beverage industry.
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Prominent players in the market are JBT Corporation, Tetra Pak, Marel, and Buhler AG. Besides this, the list of the significant players in the Food Processing Equipment Market include:
- ALFA LAVAL
- Krones AG
- The Middleby Corporation
- GEA Group Aktiengesellschaft
The report offers a 360-degree overview of the Food Processing Equipment Market with information gathered from both primary and secondary research methods. Growth trajectory is included in the report that mainly emphasizes on growth drivers, restraints, and current trends in the market. It also provides the list of key players functioning in the market and the strategies adopted by them in order to toughen the market competition during the forecast period. The strategies include product launches, investments in research and development, mergers and acquisitions, company collaborations, and others. The report is available for sale on the company website.
The global Food Processing Equipment Market size is anticipated to witness remarkable growth in the forecast period attributable to the expansion of the food and beverage industry in various parts of the world. Fortune Business Insights studies in details the various facts and figures of the progress of this market in their report titled, “Food Processing Equipment Market Size, Share & Industry Analysis, By Equipment Type (Pre-processing Equipment, and Processing Equipment), By Automation Type (Automatic, and Semi-automatic), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2019-2027.”
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Key Industry Developments
Some of the key industry developments in the Food Processing Equipment Market include:
July 2018 – For the expansion of their portfolio, BAADER invested in a new salmon processing machine line by Norvelita, a surimi and fish processing machine manufacturer.
2018 – The Brazilian food industry earned about USD 179 billion that comprised approximate 35,800 food processing companies.
- October 2019- Hobart introduced a new cost-effective and standard heavy-duty mixer, Centerline HMM20 for multiple kitchen applications such as blending and mixing of heavy dough
- July 2018: BAADER invested in Norvelita’s (fish and surimi processing machine manufacturer) new salmon processing machine line, to expand its product portfolio
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Table of Content
5. Global Food Processing Equipment Market Analysis, Insights and Forecast, 2015-2027
5.1.Key Findings / Summary
5.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
5.3.Market Sizing Estimations and Forecasts – By Automation Type (Value)
5.4.Market Sizing Estimations and Forecasts – By Application (Value)
5.4.1.Bakery and Confectionery Products
5.4.2.Meat and Poultry Products
5.4.5.Others (Grains, Fruits, Nuts and Vegetables, etc.)
5.5.Market Analysis, Insights and Forecast – By Region (Value)
5.5.4.Middle East & Africa
6. North America Food Processing Equipment Market Analysis, Insights and Forecast, 2015-2027
6.1.Key Findings / Summary
6.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
6.3.Market Sizing Estimations and Forecasts – By Automation Type (Value)
6.4.Market Sizing Estimations and Forecasts – By Application (Value)
6.4.1.Bakery and Confectionery Products
6.4.2.Meat and Poultry Products
6.4.5.Others (Grains, Fruits, Nuts and Vegetables, etc.)
6.5.Market Analysis, Insights and Forecast – By Country (Value)
7. Europe Food Processing Equipment Market Analysis, Insights and Forecast, 2015-2027
7.1.Key Findings / Summary
7.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
7.3.Market Sizing Estimations and Forecasts – By Automation Type (Value)
7.4.Market Sizing Estimations and Forecasts – By Application (Value)
7.4.1.Bakery and Confectionery Products
7.4.2.Meat and Poultry Products
7.4.5.Others (Grains, Fruits, Nuts and Vegetables, etc.)
7.5.Market Analysis, Insights and Forecast – By Country (Value)
7.5.5.Rest of Europe
8. Asia Pacific Food Processing Equipment Market Analysis, Insights and Forecast, 2015-2027
8.1.Key Findings / Summary
8.2.Market Sizing Estimations and Forecasts – By Equipment Type (Value)
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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