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Food & Beverage Processing Equipment Market by Type, Application, Mode of Operation, End-Product Form And Region - Global Forecast to 2023

Food & Beverage Processing Equipment Market: Global Forecast until 2023

  • July 2018
  • 172 pages
  • ID: 4751615
In this report:
According to HM Government, "Food and drink is the UK's largest manufacturing sector and contributed £## billion or ##.##% to national gross value added in 2015." The growing food & beverage industry is, in turn, driving the growth of the food & beverage processing equipment market in this country.
According to the dairy index from Tetra Pak Global, consumption of products such as milk, cheese, and butter is expected to rise by ##% in the next decade, reaching in excess of ## million tons of liquid milk equivalent by 2024.

Summary

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The food & beverage processing equipment market is estimated to rise at a compound annual growth rate of 6.10 percent.

The food & beverage processing equipment market is projected at ~$55.4B in 2018, and is projected to extend a value of ~$74.4B by 2023, increasing at a compound annual growth rate (CAGR) of 6.10 percent. The sector is primarily influenced by Elements such as the increase in demand for meat, poultry, dairy, bakery, and confectionery products and increase in demand for processed and convenience food. Nevertheless, the increase in costs of production due to growing energy and labor costs and increase in demand for organic and fresh food products are few factors that are anticipated to restrict the increase of the food & beverage processing equipment market in the long run.

On the basis of application type, meat & poultry is forecasted to be the fastest-growing segment in the food & beverage processing equipment market during the estimate period.

Established on the application of the food & beverage processing equipment, the meat & poultry segment is expected to rise at the highest level rate. The expected increase in production units in countries including the US and a shift in the consumption patterns and preference for processed as well as frozen meat products, with increase in the number of quick-service restaurants in some developing countries of Asia including India, Indonesia (ID), and Thailand (TH), are supporting the increase of the market for meat processing equipment in this zone.

The automatic segment is expected to grow at the higher rate for the food & beverage processing equipment market during the outlook period.

One of the driving factors for the rising use of automated processing equipment is its ability to offer accurate processing, fast and reliable production processes, optimum utilization of time, reduced labor costs, and controlled operation. Fully automatic processing lines form a critical part of huge manufacturing units and help achieve economies of scale, and has more opportunities for increase due to multiple advantages offered.

APAC recorded for the biggest market share in 2017 during the studied period.

Asia-Pac controled the food & beverage processing equipment market in 2017 and is expected to grow at the maximal rate over the next five years.The food processing markets in countries including China (CN), India (IN), Australia (AU), and New Zealand (NZ) are export-oriented, and the processing market is of prime importance in these countries as actors are focusing on technology adoption and automation.

This is anticipated to have a positive impact on the food & beverage processing equipment market in the territory. Also, the expected increase in the number of food processing units in this area is further forecasted to boost the supply and consumption of food & beverage processing equipment.

Break-up of Primaries:

• By Company category: Tier 1 - 20.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 45.0 percent

• By Description: C-suite - 25.0 percent, and Director-level - 35.0 percent, and Others - 40.0 percent

• By Area: North America continent - 15.0 percent, Europe (EU) -15.0 percent, Asia Pacific (APAC) - 40.0 percent, and rest of the world - 30.0 percent

• Bucher Sectors

Segment Research

The document breaks down the food & beverage processing equipment market based on end-product form, mode of operation, application, category, and area. In terms of insights, this market research has emphasized different levels of analyses-competitive landscape, company descriptions, and market dynamics-which together comprise and discuss the basic overviews on the emerging & high-growth segments of the food & beverage processing equipment market, high-growth areas, territories, government actions, drivers, market restraints, alternatives, and opportunities.

Why acquiring this study can help you:

• To get a comprehensive overview of the food & beverage processing equipment market

• To benefit wide-ranging information about the top actors in this market, their products review, and top strategies approved by them

• To benefit business insights about the main countries/localities in which the food & beverage processing equipment market is prospering

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