JERSEY CITY, N.J., May 12, 2021 /PRNewswire/ -- Verified Market
Research recently published a report, "Food Processing Equipment
Market" By Mode of Operation (Automatic and Non-Automatic), By Type
(Processing Equipment and Pre-Processing Equipment), By Application
(Bakery & Confectionaries, Meat, Poultry and Seafood &
Others), and By Geography. According to Verified Market Research,
the Global Food Processing Equipment Market was valued at
USD 53.88 Billion in 2020 and is
projected to reach USD 84.88 Billion
by 2028, growing at a CAGR of 5.85% from 2021 to 2028.
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Browse in-depth TOC on "Food Processing
Equipment Market"
202 - Pages
126 – Tables
37 –
Figures
Global Food Processing Equipment Market Overview
One of the primary growth drivers of The Global Food Processing
Equipment Market is the rising concerns about the nutrition value
and safety of the food. This is evident by the fact that the 2019
R&D survey by foodprocessing.com reveals that. According to
Innova, close to three-quarters of American consumers "strongly
agree" that it's important for foods to have mostly recognizable
ingredients.
According to a poll by PR agency Ingredient Communications, just
about that many are willing to pay more for such products. The
rising concern about the quality of food is the due to an increase
in population and a rise in disposable income. Market players also
try to come up with new and improved food products by the means of
increase in their research and development activities. In a 2019
R&D survey by Foodprocessing.com, more than 35% of the
participants laid their emphasis on the introduction of new food
products in the market. Increased R&D to introduce new food
products in the market increases the demand for food processing
equipment, thus helping to grow the Global Food Processing
Equipment Market. The world's top 61 leading food and drink
companies collectively invested €8.7 billion in R&D in 2012.
Out of these 61 companies, 17 are based in the EU and invested €2.3
billion in 2012. The amount of incremental expenditure on research
and development is expected to be responsible for further market
boom. Rising government concerns about the quality of food is also
propelling market growth.
Key Developments in Food Processing Equipment
Market
- In 2021, Italy launched its
first ever mega food park project in India involving food processing facilities as
the two sides plan to expand ties in the backdrop of PM Narendra
Modi's proposed visit there.
- In 2019, GEA had launched a new high-performance system for
improving the quality and yield of meat and poultry products,
without interrupting the production process. The MultiJector is an
automated brine injection system, which will make it easier for
food processors and result in a juicier and more flavourful final
dish, especially for lean cuts of meat that tend to dry out during
cooking.
- In 2020, Middleby Corporation acquired RAM Fry Dispensers, a
business unit of Automated Equipment LLC based in Red Wing, Minnesota, U.S., which specializes
in automated frozen fry dispensing equipment
The major players in the market are JBT Corporation (U.S),
SPX Flow, Inc. (U.S), Krones AG (Germany), The Middleby Corporation (U.S),
Marel (Iceland), Tetra Laval
International S.A. (Switzerland),
Bühler AG (Switzerland), GEA Group
Aktiengesellschaft (Germany),
BAADER Group (Germany), Alfa Laval
(Sweden) among others.
Verified Market Research has segmented the Global Food
Processing Equipment Market On the basis of Operation, Type and
Application and Geography.
- Food Processing Equipment Market by Mode of
Operation
-
- Food Processing Equipment Market by Type
-
- Processing Equipment
- Pre-Processing Equipment
- Food Processing Equipment Market by Application
-
- Bakery & Confectionaries
- Meat, Poultry, & Seafood
- Beverage
- Dairy
- Fruit, Nut, & Vegetable
- Grains
- Others
- Food Processing Equipment Market by Geography
-
- North America
-
- Europe
-
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
-
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
-
- Middle East & Africa
- Latin America
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Top 10 food processing equipment manufacturers adopting mass
production methods
Visualize Food Processing Equipment Market using Verified
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