Lucintel’s latest market report analyzed that food processing provides attractive opportunities in beverage, dairy, meat & poultry, convenience food & snacks, fruits & vegetables, and seafood industries. The food processing market is expected to reach $6.4 Trillion by 2025 with a CAGR of 4.1%. In this market, fruits & vegetables is the highest segment by application, whereas organized sector is largest by industry type. Development of food processing technologies that reduce detrimental changes in food and maintain the nutritional value provides strategic growth path in this market.
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Based on application, the food processing market is segmented into beverages, dairy, meat & poultry, convenience food & snacks, fruits & vegetables, seafood, and others. The fruits & vegetables segment is expected to register the highest CAGR during the forecast period due to inclination of people towards vegan diet.
Browse in-depth TOC on “Food Processing Market”
122 – Tables
144 – Figures
237 – Pages
The food processing market is marked by the presence of several big and small players. Some of the prominent players offering food processing include Nestle, PepsiCo, Archer Daniels Midland Company, Unilever, Anheuser Busch Inbev, and others.
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