rfq@prestigemetals.com || 262-891-3888

2018 Manufacturing Survey: Sunny Expectations

Prestige SM Director

Call them cockeyed optimists if you will, but food industry professionals are riding into 2018 with great expectations, based on findings in Food Processing’s 17th annual Manufacturing Outlook Survey.

Four out of five survey respondents say they either are very optimistic or somewhat optimistic about the prospects for the New Year, the most upbeat attitude in at least five years. At the other extreme, barely 1 percent indicate they are very pessimistic, one-third the ratio of a year ago.

Optimism increases with headcount, with respondents from the largest organizations most confident riding into 2018. Those at companies with 50 or fewer employees were relatively downbeat, although the outlook at firms with 51-100 workers topped all demographic categories.

The protein sector–meat, poultry and seafood–topped all product categories in terms of positive outlook, closely followed by confections and sauces and condiments.

Anticipated increases in plant production help explain survey participants’ expectations. Only 15 percent think throughput will be flat or down somewhat, about half the proportion in the last three years. More expect their facility to rack up double-digit throughput increases than single digits.

Expectations for corporate performance are more mixed, with almost half indicating overall production will be roughly the same. One-third believe their facility’s production boost will come at the expense of other plants in the company’s network.

Slightly more than half believe facility staffing will increase, the highest proportion in at least five years. Only 6.3 percent foresee staff reductions, another recent-history low.

Food safety continues to rank as the top food manufacturing issue, both in terms of overall importance and in the number of food professionals who rank it No 1. Cost control had the second highest average ranking, but worker safety was rated first by a higher proportion, with 17 percent of respondents saying it is the most important issue. More professionals rated automation and capacity expansion as more important than cost control. Almost one-quarter reserve the top spot for food safety.

Food safety failures are costly, both in financial terms and in lost public and customer confidence. Some observers put the average direct cost of a recall at $10 million. Almost one in eight survey participants said their companies experienced a product recall in the past 12 months.

Read more: 2018 Manufacturing Survey: Sunny Expectations 

Food Processing Equipment Market 2018

Prestige SM Director

Global Food Processing Equipment Market Analysis Report studies latest Food Processing Equipment industry trends, development aspects, market gains and Food Processing Equipment industry scenario during the forecast period (2018-2023). The fundamental overview of Food Processing Equipment industry, key market segments, product description, Food Processing Equipment applications are presented in this report. Global Food Processing Equipment Market report provides the details related to fundamental Food Processing Equipment overview, development status, technological advancements, market dominance and market dynamics. The past data pertaining to Food Processing Equipment industry along with present and forecast market scenario will drive useful business decisions.

Global Food Processing Equipment Market Report includes top Food Processing Equipment manufacturers along with their company profile, Food Processing Equipment growth aspects, opportunities and threats to the market development. Global Food Processing Equipment report lists the details related to demand and supply, consumption ratio, sales margin, production capacity, cost analysis and factors affecting the growth of Food Processing Equipment. This report presents the Food Processing Equipment industry analysis from 2011-2017 and then provides forecast details from 2018-2023. An up-to-date Food Processing Equipment industry details related to industry events, import/export scenario, market share is covered in this report.

Global Food Processing Equipment Market report evaluates the market on basis of key regions like North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Russia, Spain etc.), South America (Brazil, Argentina etc.), Asia-Pacific (China, India, Japan, Southeast Asia etc.), Middle East & Africa (Saudi Arabia, South Africa etc.). A complete analysis of Food Processing Equipment Strengths and risk factors of the market development will provide the way for determining the investment feasibility.

Global Food Processing Equipment market studies the market driving forces, limiting factors to the market growth, all the qualitative and quantitative data related to Food Processing Equipment industry. All the relevant points related to Food Processing Equipment  industry performers, competitive market scenario, segmented analysis, consumer volume, Food Processing Equipment manufacturing cost, and innovative strategies followed by key players are evaluated in this report.

Read more: Food Processing Equipment Market 2018  

USDA grant to help Franklin County CDC improve food processing

Prestige SM Director

The Franklin County Community Development Corporation just received a half a million dollars from the USDA.

The 3 year grant will help the Franklin County CDC improve their food processing center and increase sales to institutions and retail markets.

The Franklin County Community Development Corporation is based in Greenfield. They work with food entrepreneurs and farmers, to help them create products for stores.

They’ll use some of the grant money to purchase a washer chiller and dryer conveyor belt, and a bag sealer, an equipment that’ll help increase efficiency at their western Massachusetts Food Processing Center.

“Everything that those pieces of equipment will do, are being done manually right now so this will help us able to double our capacity for the number of pounds of veggies we freeze in a day,” said Joanna Benoit, Food Business Development Specialist at the Franklin County CDC.

Benoit told 22News the new equipment will help them increase the amount of frozen vegetables they produce.

They will soon be able to place the frozen foods in their 2,800 square foot cold storage facility, that’s under construction.

They expect construction to complete in about 3 weeks

Read more: USDA grant to help Franklin County CDC improve food processing 

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

Copyright 2018 Prestige Metal Products, Inc.