The report on global food processing equipment market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global food processing equipment market to grow with a CAGR of 6.5% over the forecast period of 2018-2024. The study on food processing equipment market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
Food process equipment’s are available in various components that includes dryers, chillers, fryers, mixers, grinders, slicers, and oven. Food process equipment helps to transform a raw good ingredient into the processed food through various physical and chemical means. In addition, benefits of food processing includes toxin removal, preservation, and increasing the food consistency. However, processed foods are less susceptible to early spoilage rather than fresh foods because they are better suited for long distance transportations from source to consumers. Mass production of food is much cheaper overall than individual production of meals from raw ingredients. Therefore, a large profit potential exists for the manufacturers and suppliers of processed food products.
Need to offer food products at affordable costs and innovation in the technologies are the major factors driving the growth of the food processing equipment market. In addition, Foods are usually processed to kill harmful bacteria or other microorganism, to make them safer and for longer shelf life. Moreover, processed foods are obtained from laboratories and not nature. The foods are genetically modified and may cause gastrointestinal disorders, infertility and can damage your organs. This in turn is anticipated to hamper the growth of the food processed equipment market. Additionally, factors such as availability of raw materials, changing lifestyle are positively influencing the demand for food processing equipment market. However, processed foods are obtained from laboratories and not nature. The foods are genetically modified and may cause gastrointestinal disorders, infertility and can damage your organs, which may act as the restraining factor for the growth of the food processing equipment market over the forecast period.
Furthermore, increasing number of women’s in workforce and increasing number of nuclear families are leading to replacement of regular food item with processed food or meals. This in turn is anticipated to open several doors of opportunity for the key players in the food processing equipment market over the upcoming years. On the other hand, new technological advancements, internet of things approach and digitization are boosting the market over the years to come. Now a days Food processing equipment is often integrated with high-speed packaging and labeling equipment in various industry such as meat and dairy industry.
Among the geographies, Asia pacific region is anticipated to be the fastest growing market for the food processing equipment market. China accounts for the largest market in the Asia Pacific region. Significant growth in disposable income and increasing demand for food and beverages is Asian countries has augmented the market growth. On the other hand, rising economy and investment in research and development activities for the food processing equipment are some of the key factors driving the European region. Moreover, in the North American region US accounts for the largest market in the food processing equipment market.
Some of the prominent players in the global food processing equipment market are Buhler, Tetra Laval, GEA, Anko Food Machine, and Krones.In addition, the buhler group is the prominent provider of optical sorter. This company has innovated a significant technology to help frozen vegetables and food processors to achieve highest food safety and hygiene standard. Moreover, the same company has announced the new innovative technology called SORTEX PolarVision. This product is an FM detection system that delivers an outstanding result from single products to more complex vegetable mixes.
The report on food processing equipment market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global food processing equipment market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global food processing equipment market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
The global food processing equipment market is segmented on the basis of equipment type and application.
Global Food Processing Equipment Market by Equipment Type
? Thermal Equipment
? Extruding Machines
? Slicers And Dicers
Global Food Processing Equipment Market by Application
? Dairy Sector
? Fruits And Vegetables
? Meat And Poultry
? Bakery And Confectionery
? JBT Corporation
? Tetra Laval
? Buhler AG
? SPX Corporation
? Krones AG
? Bucher Industries AG
? ALFA LAVAL
? GEA Group AG
How this report delivers?
1. Comprehensive analysis of global as well as regional markets of food processing equipment market.
2. Complete coverage of all the segments in food processing equipment market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global food processing equipment market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.