In this report, Planet Market Reports Information covers the present scenario with the base year being 2017 and the growth prospects of global Food Processing Equipment market for 2018-2023.
Food processing equipment helps to transform the raw food ingredients in to food items through various physical and chemical means. Food processing equipment are available in various categories which includes dryers, chillers, fryers, feeders, mixers, grinders, roasters, homogenizers, separators, slicers and ovens. These foods processing equipment are used in various industries including dairy industry, industrial bakery, poultry farm, seafood industry, chocolate manufacturing unit, confectionery, beverage industry, milk, fruit, nut, and vegetable industry. Stainless steel is one of the main elements, which is widely used in the food processing equipment. 304SS and 316SS are two most common types of alloys of stainless steel, which are used in food processing equipment.
In the coming years there is an increasing demand for Food Processing Equipment in the regions of North America and Europe that is expected to drive the market for more advanced Food Processing Equipment. Globalization has led to quick changes in the food preferences of people around the world. People have started opting for much protein intake into their diet, consequently leading to increased processed meat consumption. The manufacturers of processed food are majorly focusing on the quality of the products. The food processing equipment market is showing rapid changes due to two main forces: change in the food demand and improvement in the technologies.
Globally, the Food Processing Equipment industry market is not concentrated as the manufacturing technology of Food Processing Equipment is relatively matured. There are large numbers of manufacturers in the world. And some enterprises, like GEA Group, Bühler AG, Marel, etc. are wellknown for the wonderful performance of their Food Processing Equipment and related services. At the same time, North America, occupied 27.99% revenue market share in 2016, is remarkable in the global Food Processing Equipment industry because of their market share and technology status of Food Processing Equipment.
Although the market competition of Food Processing Equipment is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Food Processing Equipment and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Over the next five years, Planet Market Reports Information projects that Food Processing Equipment will register a 7.2% CAGR in terms of revenue, reach US$ 77300 million by 2023, from US$ 51000 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Food Processing Equipment market by product type, application, key manufacturers and key regions.
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To calculate the market size,Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Frozen Food Processing Machinery
Bakery and Pasta Processing Machinery
Meat Processing Machinery
Segmentation by application:
Food Processing Plants
This report also splits the market by region:
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The Key Manufacturers covered in this report:
Heat and Control
Rheon Automatic Machinery
Sinmag Bakery Machine
Atlas Pacific Engineering
Mallet & Company
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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To study and analyze the global Food Processing Equipment consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Food Processing Equipment market by identifying its various subsegments.
Focuses on the key global Food Processing Equipment manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Food Processing Equipment with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industryspecific challenges and risks.
To project the consumption of Food Processing Equipment submarkets, with respect to key regions along with their respective key countries.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Name: Jennifer Daniel
Organization: Planet Market Reports