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Food Processing Equipment Market: Global Forecast until 2022

  • February 2017
  • 163 pages
  • ID: 4751615
In this report:
As per an article published by the European Commission, consumer expenditure on food in Japan decreased by ##.##% between 2012 and 2015, with a projected ##.##% decrease in 2016 to a projected total of EUR ##.## billion.
According to the dairy index from Tetra Pak Global, the consumption of products such as milk, cheese, and butter is expected to rise by ##% in the next eight years, reaching ## million tons of liquid milk equivalence by 2024.

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"The food processing equipment market is estimated to rise at a compound annual growth rate of 7.00 percent"

The food processing equipment market is estimated to grow ~$72.3B by 2022 at a Compound annual growth rate of 7.00 percent between 2017 and 2022. The sector is influenced by Elements such as growing demand for food processing in dairy, meat, poultry, and seafood applications, increasing concerns of consumers about the safety of food products, increasing demand for processed and convenience foods, and increasing demand for innovative food & beverage products due to changing consumer trends. Factors, including growing cost of production due to advanced technology used in processing equipment, and growing demand for minimally processed healthy organic food products are selecting the industry.

"Thermal equipment segment led the food processing equipment market by category, with the biggest share in 2015"

Thermal processing equipment offers precise control over cooking/chilling processes, resulting in flavor and texture retention. Clean-label is an aspect demanded by consumers nowadays and regular thermal processing technologies are unable to meet this specificity, hence manufacturers are focusing on next-generation thermal processing technologies to significantly reduce thermal processing period of a product to preserve the freshness of the food item while meeting all other food safety requirements. The market demand for convenient and high-quality food products are some of the main factors that are driving the industry demand for thermal equipment.

"Asia-Pac to lead the sector in terms of market share between 2017 and 2022"

The industry for food processing equipment in the Asia-Pac region was the biggest. China (CN) is forecasted to dominate the sector for food processing equipment globally as well as regionally. The Asia Pacific (APAC) area has a big market for food & beverages; the improved standard of living due to the increase in the income levels is one of the main factors driving the food & beverage market rise in this area. The food market has contributed significantly to the regional increase.

The breakdown of the primaries on the basis of company, description, and area, conducted during the business research study, is mentioned as follows:

By Company Type: Tier 1 - 47.0 percent, Tier 2 - 25.0 percent, and 1/3 3 - 28.0 percent

By Designation: Director Level - 55.0 percent, C Level - 35.0 percent, and Others - 10.0 percent

By area: Asia-Pacific - 45.0 percent, Europe - 30.0 percent, North america (NA) - 15.0 percent, and rest of the world - 10.0 percent

Top players are like follows:

The overall food processing equipment market is leaded by, is monopolized by main players including GEA Group, Alfa Laval, Bucher Sectors, SPX Corporation, and Krones AG. Other actors in the sector contain Buhler AG, JBT Corporation, Rexnord Corporation, Marel, and Fenco Food Machinery.

Segment Research

Food processing equipment market, on the basis of class, includes thermal equipment, cutting & peeling equipment, mixer, blender & homogenizer, extraction equipment, and others. On the basis of application type, the sector is divided into dairy, alcoholic beverages, non-alcoholic beverages, meat & seafood, bakery & confectionery, and others. The main end-product forms considered include solid, liquid, and semi-solid. The mode of operation of food processing equipment studied are automatic and semi-automatic. On the basis of area, the sector has been divided into north america, Europe (EU), Asia Pacific (APAC), and the Rest of the globe.

Why acquiring this study can help you

From an insight prospect, this market research has emphasized several levels of analyses - industry, and company descriptions, which together comprise and examine the basic overviews on the competitive landscape-emerging and high-growth segments of the overall food processing equipment market; high-growth areas; and sector drivers, market restraints, and alternatives.

The market research offers business insights on the following:

- Business entry: Exhaustive information on food processing equipment products provided by key players in the overall market.

- Product improvement/Innovative products: In-depth understanding on upcoming equipment products, technologies, analysis & growth activities, and recent product launches in the food processing equipment market.

- Industry development: Highlighted information about profitable emerging sectors.

- Industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall food processing equipment market.

- Opposing assessment: In-depth assessment of market share, strategies, products, and manufacturing competences of key players in the overall food processing equipment market.

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