The global food processing machinery market was valued at $52,787 million in 2016, and is projected to reach at $68,882 million by 2023, growing at a CAGR of 3.9% from 2017 to 2023. Food processing machines are meant for manufacturing high quality food with enhanced taste and increased shelf life. These are also responsible for packaging of different food items such as baked foods, confectionaries, beverages, dairy, meat, poultry, seafood, and others.
Food processing machinery buyers demand the equipment to be loaded with latest technology and offering high processing capacity with international hygiene & quality standards. The demand for processed food items have increased globally due to change in food habits and preferences. Moreover, growth in food processing industry has provided opportunities for new players to enter the market with innovative products offering higher output and better results.
The global market is driven by increase in demand for processed quality food and rise in consumer concerns over safety of food products. However, implementation of certain standards by the government pertaining to food processing machinery restrains the market growth. Furthermore, advanced technology innovation resulting in lesser energy consumption and minimal waste generation provide opportunities such as high sales and market growth.
The food processing machinery market is segmented on the basis of type, application, mode of operation, and geography. Based on type, it is classified into depositors, extruding machines, mixers, refrigeration, slicers & dicers, and others (cutting machines, dispensing machines, and ovens). Based on application, it is categorized into bakery & confectionery, meat, poultry & seafood, dairy, beverages, and others (grain, fruit, and nut & vegetable). On the basis of mode of operation, it is bifurcated into semi-automatic and fully automatic. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players in this study are as follows:
Anko Food Machine Co. Ltd.
Berkshire Hathaway Inc.
Bucher Industries
John Bean Technologies Corporation (JBT)
Hosokawa Micron Corp.
GEA Group
Mallet & Company, Inc.
NICHIMO CO., LTD.
SPX Corporation
Tetra Laval International S.A.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the global food processing machinery market from 2017 to 2023.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
Detailed analysis of the industry based on the type and application explains the trending machine type and other potential variants.
Porter's five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring of the top players within the market framework.
Food Processing Machinery Market Key Segments:
By Type
Depositors
Extruding Machines
Mixers
Refrigeration
Slicers & Dicers
Others (Cutting Machines, Dispensing Machines, and Ovens)
By Application
Bakery & Confectionery
Meat, Poultry, and Seafood
Dairy
Beverages
Others (Grain, Fruit, and Nut & Vegetable)
By Mode of Operation
Semi-Automatic
Fully Automatic
By Geography
North America
U.S.
Mexico
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
South Africa
Brazil
Turkey
Rest of LAMEA
