The global food processing equipment market size is expected to be worth around US$ 89.35billion by 2030, according to a new report by Vision Research Reports.
The global food processing equipment market size was valued at US$ 55.60 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 89.35billion by 2030 |
| Growth Rate | CAGR of 6.10% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Mode of Operation, Type, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | GEA Group Aktiengesellschaft, BAADER Group, Bühler AG, Marel, Alfa Laval, Tetra Laval International S.A., Krones AG, The Middleby Corporation, JBT Corporation, SPX Flow Inc. |
Growth Factors
The changing lifestyle of people, increasing inclination toward nutritious food, and awareness about the health benefits of marine products are expected to surge the product demand over the coming years.
Population growth and rising disposable income, along with increasing urbanization, are expected to drive the consumption of processed foods, which, in turn, is expected to benefit the industry growth. Moreover, the governments of Middle Eastern countries are focusing on reducing their reliance on the petroleum sector and promoting investments in industries, such as construction, automotive, and food and beverage.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Food Processing Equipment are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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