Report Code: A15625 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Prepared Food Equipment Market
Request Now !The increase in income of the population, changes in consumption patterns, and manufacturers' investment in developing innovative products on production efficiency, time interval, and quality of food products are expected to fuel the demand for prepared food equipment.
Demand for advanced machinery with high productivity and efficiency has increased. Food manufacturers still search for advanced machinery and delivery solutions to satisfy safety standards and increase productivity to satisfy consumer demand changes. Competitors in food manufacturing are mostly focused on increasing the extent of automation in food processing operations to extend the predictability of preventative maintenance, time interval of processing, and connectivity.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
The demand for prepared & convenience foods increased due to rise in income of individuals
The rise in income within the economy, especially in emerging countries like India and China, has led to rise in demand for prepared & convenience foods. With the rising demand for convenience and ready-to-eat (RTE) food, customers also are concerned about the nutritional and health benefits of such food items before consumption. This is often achieved by automating or integrating the general processes, which help maintain food quality and nutritional value.
The demand for prepared food equipment is predicted to extend in Asia-Pacific due to the growing retail industry and increased working professionals. The shift to automated equipment and therefore the application of automation in ready-to-eat food and on-the-go food products, with an increasing population, drives the demand for prepared food equipment. The growing innovations in prepared food equipment also are expected to drive the Asia Pacific region's marketÂ
Increase in demand of healthier & organic food products
The rise within the aging population in developed countries has led to a rise in health concerns. there's a high preference for fresh and minimally processed food products without synthetic chemical preservatives. This adversely affects the demand for prepared food equipment as prepared foods are processed with preservatives and other flavoring agents to extend the time period and enhance palatability.
The snacks & savory products segment is projected to dominate the Prepared Food Equipment market during the forecast period. Every household consumes snacks & savory products because it is definitely available and attractive for consumption. With the growing concerns for healthy food options, sorts of snacks are made available, gluten-free, lactose-free, and rich in nutrients.
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Questions answered in the Report
Prepared Food Equipment Market Report Highlights
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Key Market Players | Krones, SPX FLOW, Ali Group, Dover Corporation, JBT Corporation, GEA Group, Alfa Laval, Middleby Corporation, Tetra Laval, Robert Bosch |
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