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Food Processing Machinery Market by Type (Depositors, Extruding Machines, Mixers, Refrigeration, Slicers & Dicers, and Others), Mode of Operation (Semi Automatic, Fully Automatic) and Application (Bakery & Confectionery, Meat, Poultry & Seafood, Dairy, Beverages, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

FO_172392
Pages: 160
Jul 2017 | 3093 Views
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Author's : Biswa Sinha
Tables: 70
Charts: 33
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Food Processing Machinery Market Overview:

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 the tools that facilitate commercial production and packaging of different kind of food such as meat, baked items, seafood, poultry, dairy, beverages, and others. These products are gaining popularity globally as they are considered nutritionally rich, shelf-stable, and have lower risk of contamination. These exist in variety of design, size, and configuration and can be conveniently operated. Earlier, conventional tools were designed to perform single task but at present, advanced equipment are designed, which comprises multiple processing lines capable of accommodating continuous and automated operations.

Global Processed Food Sales, 20142019 (USD Billion)

Global Processed Food Sales, 2014-2019

The above figure indicates that the year-on-year consumption & sales of processed food is steady and is estimated to grow during the forecast period resulting in growth and expansion of global food processing machinery market, especially in Asia-Pacific and Europe.

Global Daily Food Consumption, 2016 (%)

Global Daily Food Consumption, 2016 (%)

The above figure details the consumption statistics of processed, unprocessed, and ultra-processed food. The unprocessed food includes meat & poultry, fruit, dairy, grains, vegetables, seafood, eggs, legumes, and others. Moreover, the processed and the ultra-processed food include cheese, meat, seafood, bread, cereals, snacks, confectionery products, frozen & packaged food, dairy products, fast foods, beverages, and others.

The global food processing machinery market is driven by rise in demand for processed food due to preference of consumers for nutritious, hygienic, and safe food products. Moreover, the developed economies have mature market but the demand is fueled by replacement of conventional tools over the advanced technology. In addition, increase in disposable income in various nations boosts the market growth. However, regulation restrictions by different governments, such as Food Safety Modernization Act (FSMA), is expected to hamper the market. Furthermore, certain areas with absence of cold chain need supply of shelf-stable food products. Thus, introduction of new technological advancements and rise in demand from emerging economies provide opportunities for the market growth.

Segment Review

Segment Review

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 divided as semi-automatic and fully automatic. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA as well as among its major countries.

Top Investment Pocket, By Type

Top Investment Pocket, By Type

The extruding machine segment is the most lucrative in the global food processing machinery market, owing to energy efficiency, ease of handling, lower price, high productivity, negligible wastages, and other factors.
Global food processing machinery market, by geography

Europe dominated the global market occupying more than one-third share in 2016, registering the second highest CAGR of around 4.0% during the forecast period. Asia-Pacific witnessed the highest CAGR and the second highest share in the global market, owing to rapid increase in population and rise in food & beverage market.

The key leading players operating in the food processing machinery industry are 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, and Tetra Laval International S.A.

The other players in the value chain include Buhler, Krones AG, B.K Engineers, National Refractories, Heat and Control, Inc., Meyer Industries, Inc., AFE Group Ltd., Atlas Pacific Engineering Company Inc., ZIEMANN HOLVRIEKA, and Tomra Systems.

Key Benefits

  • 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 growth of the market is provided.
  • Detailed analysis of the industry based on the type and application explains the trending machine type and other potential variants.
  • Porters five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer 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
 

Chapter: 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

Chapter: 2. EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitution
3.3.4. Threat of New Entrants
3.3.5. Competitive Rivalry

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Changing preferences towards processed foods
3.4.1.2. Rising disposable income
3.4.1.3. Replacement of older equipment
3.4.1.4. Impact analysis

3.4.2. Restraints

3.4.2.1. Stringent regulations and international quality standards
3.4.2.2. Impact analysis

3.4.3. Opportunities

3.4.3.1. Growth opportunities in emerging economies
3.4.3.2. Introduction of technological advancements
3.4.3.3. Impact analysis

3.5. MARKET SHARE ANALYSIS, 2016 (%)

Chapter: 4. GLOBAL FOOD PROCESSING MACHINERY MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. DEPOSITORS

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. EXTRUDING MACHINES

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. MIXERS

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

4.5. REFRIGERATION

4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast

4.6. SLICERS AND DICERS

4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast

4.7. OTHERS

4.7.1. Key Market Trends, Growth Factors and Opportunities
4.7.2. Market Size and Forecast

Chapter: 5. GLOBAL FOOD PROCESSING MACHINERY MARKET, BY APPLICATION

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. BAKERY & CONFECTIONERY

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast

5.3. MEAT, POULTRY & SEAFOOD

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

5.4. DAIRY

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

5.5. BEVERAGES

5.5.1. Key Market Trends, Growth Factors and Opportunities
5.5.2. Market Size and Forecast

5.6. OTHERS

5.6.1. Key Market Trends, Growth Factors and Opportunities
5.6.2. Market Size and Forecast

Chapter: 6. GLOBAL FOOD PROCESSING MACHINERY MARKET, BY MODE OF OPERATION

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. SEMI-AUTOMATIC

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.3. FULLY AUTOMATIC

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

Chapter: 7. GLOBAL FOOD PROCESSING MACHINERY MARKET, BY GEOGRAPHY

7.1. INTRODUCTION

7.1.1. Market Size and Forecast

7.2. NORTH AMERICA

7.2.1. Key Market Trends, Growth Factors and Opportunities
7.2.2. Market Size and Forecast
7.2.3. U.S.

7.2.3.1. Market size and forecast, by application

7.2.4. Mexico

7.2.4.1. Market size and forecast, by application

7.2.5. Canada

7.2.5.1. Market size and forecast, by application

7.3. EUROPE

7.3.1. Key Market Trends, Growth Factors and Opportunities
7.3.2. Market Size and Forecast
7.3.3. UK

7.3.3.1. Market size and forecast, by application

7.3.4. Germany

7.3.4.1. Market size and forecast, by application

7.3.5. France

7.3.5.1. Market size and forecast, by application

7.3.6. Spain

7.3.6.1. Market size and forecast, by application

7.3.7. Italy

7.3.7.1. Market size and forecast, by application

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast, by application

7.4. ASIA-PACIFIC

7.4.1. Key Market Trends, Growth Factors and Opportunities
7.4.2. Market Size and Forecast
7.4.3. China

7.4.3.1. Market size and forecast, by application

7.4.4. Japan

7.4.4.1. Market size and forecast, by application

7.4.5. India

7.4.5.1. Market size and forecast, by application

7.4.6. Rest of Asia-Pacific

7.4.6.1. Market size and forecast, by application

7.5. LAMEA

7.5.1. Key Market Trends, Growth Factors and Opportunities
7.5.2. Market Size and Forecast
7.5.3. South Africa

7.5.3.1. Market size and forecast, by type

7.5.4. Brazil

7.5.4.1. Market size and forecast, by type

7.5.5. Turkey

7.5.5.1. Market size and forecast, by type

7.5.6. Rest of the LAMEA

7.5.6.1. Market size and forecast, by type

Chapter: 8. COMPANY PROFILES

8.1. ANKO FOOD MACHINE CO. LTD.

8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves and Developments

8.2. BERKSHIRE HATHAWAY INC.

8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.2.5. Key Strategic Moves and Developments

8.3. BUCHER INDUSTRIES

8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves and Developments

8.4. JOHN BEAN TECHNOLOGIES CORPORATION (JBT)

8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves and Developments

8.5. HOSOKAWA MICRON CORP.

8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves and Developments

8.6. GEA GROUP

8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Business Performance
8.6.5. Key Strategic Moves and Developments

8.7. MALLET & COMPANY, INC.

8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves and Developments

8.8. NICHIMO CO., LTD.

8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Business Performance
8.8.5. Key Strategic Moves and Developments

8.9. SPX CORPORATION

8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Business Performance
8.9.5. Key Strategic Moves and Developments

8.10. TETRA LAVAL INTERNATIONAL S.A.

8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves and Developments

LIST OF TABLES

TABLE 1. GLOBAL FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 2. GLOBAL DEPOSITORS FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 3. GLOBAL EXTRUDING MACHINES FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 4. GLOBAL MIXERS FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 5. GLOBAL REFRIGERATION FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 6. GLOBAL SLICERS AND DICERS FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 7. GLOBAL OTHERS (CUTTING MACHINES, DISPENSING MACHINES, OVENS) FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 8. GLOBAL FOOD PROCESSING MACHINERY MARKET REVENUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 9. GLOBAL FOOD PROCESSING MACHINERY FOR BAKERY & CONFECTIONERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 10. GLOBAL FOOD PROCESSING MACHINERY FOR MEAT, POULTRY & SEAFOOD MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 11. GLOBAL FOOD PROCESSING MACHINERY FOR DAIRY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 12. GLOBAL FOOD PROCESSING MACHINERY FOR BEVERAGES MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 13. GLOBAL FOOD PROCESSING MACHINERY FOR OTHERS (GRAIN, FRUIT, NUT & VEGETABLE) MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 14. GLOBAL FOOD PROCESSING MACHINERY MARKET REVENUE, BY MODE OF OPERATION, 2015-2023 ($MILLION)
TABLE 15. GLOBAL SEMI AUTOMATIC FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 16. GLOBAL FULLY AUTOMATIC FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 17. GLOBAL FOOD PROCESSING MACHINERY MARKET REVENUE, BY GEOGRAPHY, 2015-2023 ($MILLION)
TABLE 18. NORTH AMERICA FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 19. NORTH AMERICA FOOD PROCESSING MACHINERY MARKET REVENUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 20. NORTH AMERICA FOOD PROCESSING MACHINERY MARKET REVENUE, BY MODE OF OPERATION, 2015-2023 ($MILLION)
TABLE 21. NORTH AMERICA FOOD PROCESSING MACHINERY MARKET REVENUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 22. U.S. FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 23. MEXICO FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 24. CANADA FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 25. EUROPE FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 26. EUROPE FOOD PROCESSING MACHINERY MARKET REVENUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 27. EUROPE FOOD PROCESSING MACHINERY MARKET REVENUE, BY MODE OF OPERATION, 2015-2023 ($MILLION)
TABLE 28. EUROPE FOOD PROCESSING MACHINERY MARKET REVENUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 29. UK FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 30. GERMANY FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 31. FRANCE FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 32. SPAIN FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 33. ITALY FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 34. REST OF EUROPE FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 35. ASIA-PACIFIC FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 36. ASIA-PACIFIC FOOD PROCESSING MACHINERY MARKET REVENUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 37. ASIA-PACIFIC FOOD PROCESSING MACHINERY MARKET REVENUE, BY MODE OF OPERATION, 2015-2023 ($MILLION)
TABLE 38. ASIA-PACIFIC FOOD PROCESSING MACHINERY MARKET REVENUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 39. CHINA FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 40. JAPAN FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 41. INDIA FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 42. REST OF ASIA-PACIFIC FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 43. LAMEA FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 44. LAMEA FOOD PROCESSING MACHINERY MARKET REVENUE, BY APPLICATION, 2015-2023 ($MILLION)
TABLE 45. LAMEA FOOD PROCESSING MACHINERY MARKET REVENUE, BY MODE OF OPERATION, 2015-2023 ($MILLION)
TABLE 46. LAMEA FOOD PROCESSING MACHINERY MARKET REVENUE, BY COUNTRY, 2015-2023 ($MILLION)
TABLE 47. SOUTH AFRICA FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 48. BRAZIL FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 49. TURKEY FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 50. REST OF LAMEA FOOD PROCESSING MACHINERY MARKET REVENUE, BY TYPE, 2015-2023 ($MILLION)
TABLE 51. ANKO FOOD MACHINE CO. LTD.: COMPANY SNAPSHOT
TABLE 52. ANKO FOOD MACHINE CO. LTD.: OPERATING SEGMENTS
TABLE 53. BERKSHIRE HATHAWAY INC.: COMPANY SNAPSHOT
TABLE 54. BERKSHIRE HATHAWAY INC.: OPERATING SEGMENTS
TABLE 55. BUCHER INDUSTRIES: COMPANY SNAPSHOT
TABLE 56. BUCHER INDUSTRIES: OPERATING SEGMENTS
TABLE 57. JOHN BEAN CORPORATION (JBT) : COMPANY SNAPSHOT
TABLE 58. JOHN BEAN CORPORATION (JBT) : OPERATING SEGMENTS
TABLE 59. HOSOKAWA MICRON CORP. : COMPANY SNAPSHOT
TABLE 60. HOSOKAWA MICRON CORP. : OPERATING SEGMENTS
TABLE 61. GEA GROUP: COMPANY SNAPSHOT
TABLE 62. GEA GROUP: OPERATING SEGMENTS
TABLE 63. MALLET & COMPANY, INC.: COMPANY SNAPSHOT
TABLE 64. MALLET & COMPANY, INC.: OPERATING SEGMENTS
TABLE 65. NICHIMO CO., LTD.: COMPANY SNAPSHOT
TABLE 66. NICHIMO CO., LTD.: OPERATING SEGMENTS
TABLE 67. SPX CORPORATION: COMPANY SNAPSHOT
TABLE 68. SPX CORPORATION: OPERATING SEGMENTS
TABLE 69. TETRA LAVAL INTERNATIONAL S.A.: COMPANY SNAPSHOT
TABLE 70. TETRA LAVAL INTERNATIONAL S.A.: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. GLOBAL FOOD PROCESSING MACHINERY MARKET: SEGMENTATION
FIGURE 2. GLOBAL FOOD PROCESSING MACHINERY MARKET, 2016-2023
FIGURE 3. FOOD PROCESSING MACHINERY MARKET REVENUE SHARE BY GEOGRAPHY, 2016 & 2023 (%)
FIGURE 4. TOP INVESTMENT POCKETS, BY PRODUCT
FIGURE 5. TOP PLAYER POSITIONING
FIGURE 6. BARGAINING POWER OF SUPPLIERS
FIGURE 7. BARGAINING POWER OF BUYERS
FIGURE 8. THREAT OF NEW ENTRANTS
FIGURE 9. THREAT OF SUBSTITUTES
FIGURE 10. COMPETITIVE RIVALRY
FIGURE 11. MAJOR DRIVING FACTORS
FIGURE 12. RISING DISPOSABLE INCOME
FIGURE 13. FOOD CONSUMPTION PATTERN
FIGURE 14. MAJOR OPPORTUNITIES
FIGURE 15. GROWING EMERGING ECONOMIES
FIGURE 16. MARKET SHARE ANALYSIS
FIGURE 17. U.S. FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 18. MEXICO FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 19. CANADA FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 20. UK FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 21. GERMANY FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 22. FRANCE FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 23. SPAIN FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 24. ITALY FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 25. REST OF THE EUROPE FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 26. CHINA FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 27. JAPAN FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 28. INDIA FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 29. REST OF THE ASIA-PACIFIC FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 30. SOUTH AFRICA FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 31. BRAZIL FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 32. TURKEY FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)
FIGURE 33. REST OF THE LAMEA FOOD PROCESSING MACHINERY MARKET, 2015-2023 ($MILLION)

 

Food production involves stages such as sourcing seeds & fertilizers, farming, harvesting, processing, storage, transportation, and retail sales. This produced food needs to be handled with care throughout the supply chain due to food safety concerns. It is imperative to have food processing machineries to avoid risk of food contamination and to ensure superior quality of food and proper packaging during commercial manufacturing process. Moreover, change in consumer preferences in various regions coupled with strict regulations on different products support the growth of food & beverage firms to invest on processing equipment and develop new products with increased outputs. Moreover, rise in personal income of the emerging economies, such as China and India, is expected to cause an increase in number of households consuming processed foods, thus, resulting in generating more demand for food processing equipment.

In 2016, the depositors and mixers segments occupied maximum share in the global market. The extruding machines and slicers & dicers were lucrative segments with maximum growth rate during the forecast period. The meat, poultry, & seafood is the major application coupled with the highest growth rate of the bakery & confectionery segment from 2016 to 2023.

Europe led the market, occupying the maximum share in 2016 due to strong R&D coupled with immense technological advancement. Furthermore, Asia-Pacific is expected to grow at the highest CAGR with second highest market share, owing to rapid development in the emerging countries.

 

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