The food & beverage processing equipment market was valued at USD 52.37 billion in 2017; it is projected to reach a value of USD 74.44 billion by 2023, growing at a CAGR of 6.1% from 2018. The basic objective of the report is to define, segment, and project the global market size for food & beverage processing equipment on the basis of end-product form, mode of operation, application, type, and region. It also helps to understand the structure of the market by identifying its various segments. The other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro and microeconomic indicators of this market to provide factor analysis, and to project the size of the global market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121668697
On the basis of application, the meat & poultry segment is projected to grow at the highest CAGR from 2018 to 2023, owing to a shift in consumption patterns and preference for processed as well as frozen meat products; rise in the number of quick-service restaurants in some developing countries of Asia such as India, Indonesia, and Thailand; and expected rise in pork production units in countries such as the US.
Based on the mode of operation, the automatic segment is projected to grow at a higher CAGR from 2018 to 2023. Fully automated and integrated processing lines help in achieving operational efficiencies and proper control of production process. Fully automatic processing lines form a critical part of huge manufacturing units and also help to achieve economies of scale. The market for automated processing lines is saturated in developed regions, predominantly in the US, Canada, and Western & Central European countries, while developing regions such as Asia Pacific are projected to exhibit a higher rate of adoption of these systems. These factors are contributing to the popularity of the automatic segment of the food & beverage processing equipment market.
Asia Pacific accounted for the largest market share in 2017. The application of processing equipment is estimated to increase at a high pace due to the demand from the processed foods industry. The region is expected to experience a sharp rise in the demand for advanced food processing machinery that helps reduce processing time and enhance the efficiency of manufacturing operations. The expected growth in the number of food processing units in this region is further projected to boost the supply and consumption of food & beverage processing equipment. These factors have fueled the growth food & beverage processing equipment market in the Asia Pacific region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT Corporation (US), Alfa Laval (Sweden), TNA Australia Solutions (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L. (Mainca) (Spain), Clextral (France), SPX Flow (US), Bigtem Makine (Turkey), Fenco Food Machinery (Italy), and Krones Group (Germany).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Company Name: MarketsandMarkets
Contact Person: Mr. Sanjay Gupta
Email: Send Email
Address:630 Dundee Road Suite 430
State: IL 60062
Country: United States