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Global $31.5 Billion Markets for Food Processing and Food Packaging Equipment, 2020

Prestige SM Director

The global market for equipment used in food processing and packaging is expected to reach nearly $31.5 billion by 2020 from about $25.7 billion in 2015, rising at a compound annual growth rate (CAGR) of 4.2%, from 2015 to 2020.

This report focuses on the global market of food processing and packing equipment and provides an updated review including basic design and its applications in various segments of food processing and packing such as meat, fish and poultry, milk, fruits and vegetables, beverages, industrial bakery products and grains. The scope of the study is global. Each market is analyzed and its application, regulatory environment, new products and advancements, market projections and market shares.

Read more: Global $31.5 Billion Markets for Food Processing and Food Packaging Equipment, 2020

Global Fruit and Vegetable Processing Equipment Market Driven by Increase in Demand for Frozen Foods: Technavio

Prestige SM Director

The global fruit and vegetable processing equipment market size is projected to reach USD 3,320 million by 2021, growing at a CAGR of close to 5% over the forecast period, according to Technavio’s latest report.

In this report, Technavio covers the market outlook and growth prospects of the global fruit and vegetable processing equipment market for 2017-2021. The research report provides actionable intelligence alongside the market size of various segments and details of the major factors influencing the market.

APAC: largest fruit and vegetable processing equipment market

“APAC is the largest and fastest growing regional segment of the fruit and vegetable processing equipment market, driven by fast-growing economies such as India, China, and Indonesia,” says Anju Ajaykumar, one of the lead analysts at Technavio for engineering tools research.

China is the largest contributor to the market from APAC, due to a shift in dietary habits and preference towards value-added foods. Also, there is an overall increase in disposable incomes in APAC, which is increasing the demand for processed and frozen foods.

North America: home to largest manufacturer of food processing machinery

The fruit and vegetable processing equipment market in North America is expected to grow moderately during the forecast period. The market growth will be driven by the US, which is the largest global manufacturer of food processing machinery. The country exports machinery to other regions, supported by duty-free or preferential duty rates, increased competition from low-cost products, and increased investments in the overseas market. These factors aid in bringing in a high amount of revenue to the North American market, thereby driving its growth.

Europe: rising consumption of processed vegetables driving market segment

“Europe is driven by stringent food safety rules and regulations regarding residue level limit and stability of raw material supply. Also, consumers in Europe are increasing their consumption of processed vegetables, thus driving the demand for processed vegetables,” says Anju.

The increase in production of raw materials from APAC countries is leading to increased imports and a stable supply of fruits and vegetables to EMEA. Germany is the largest importer of processed fruits and vegetables in Europe, followed by the UK, France, Belgium, and the Netherlands.

The top vendors in the global fruit and vegetable processing equipment market highlighted in the report are:

Read more: Global Fruit and Vegetable Processing Equipment Market Driven by Increase in Demand for Frozen Foods: Technavio

Global Food Processing Equipment Market 2016

Prestige SM Director

Food Processing Equipment Industry Report introduced a Market Segment, Product Types, with Sales, Revenue, Price, Market Share and Growth, focuses on top players in these regions/countries, Size, Share, Demand, Analysis, Manufacturers, Type and Application, Forecast 2016 to 2021

The report, titled Food Processing Equipment is an in-depth analysis of the Food Processing Equipment market across the world. A brief historic overview of the Food Processing Equipment market has been mentioned in the report, followed by the present scenario of the market. The report analyses the size of the market and forecasts the valuation and the growth rate of the market in the span of next couple of years. Key drivers and restraints of the overall market has been pointed out. The report cites the various opportunities to favor the growth of the Food Processing Equipment market during the forecast period. It also indicates the key market trends shaping up the market.

The Food Processing Equipment market has certain distinct aspects. The report throws light on each of these aspects and studies the various segments of the market in detail. The growth of each of the market segments during the forecast horizon has been analyzed in the report. The present state of the Chinese economy has lowered the demand from every market. The report discusses the impact of the various initiatives taken by the government in China to revive the economy and how this would impact the demand from Food Processing Equipment market in the nation. The report also takes note of the various micro- and macro-economic factors governing the overall market in rest of the world.

Discussing about the key players operating in the Food Processing Equipment market, the report provides crucial information about them. The Food Processing Equipment market has become very competitive worldwide. The report profiles the key players and analyzes their growth in the next couple of years. The report serves as a useful tool for enterprises looking out to invest in projects in the Food Processing Equipment market.

Read more: Global Food Processing Equipment Market 2016 – GEA, Bühler, Marel, Ali, JBT, Meyer Industries, Satake, Haas, Heat and Control, Baader, Bucher, Haarslev, Rheon, BMA

2017 Prestige Metal Products, Inc.