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Food Processing Equipment Market to Reach USD 62.98 billion by 2027; Increasing Investment in Product R&D will Aid Growth, says Fortune Business Insights™

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Pune, Aug. 20, 2020 (GLOBE NEWSWIRE) — The global food processing equipment market size is projected to reach USD 62.98 billion by the end of 2027. The increasing investments in the integration of modern concepts have yielded automated products. According to a report published by Fortune Business Insights, titled “Food Processing Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Pre-processing Equipment, and Processing Equipment), By Automation Type (Automatic, and Semi-automatic), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2020-2027, the market was worth USD 45.01 billion in 2019 and will exhibit a CAGR of 4.4% during the forecast period, 2020-2027.Please visit: https://www.fortunebusinessinsights.com/industry-reports/food-processing-equipment-market-101768
The recent coronavirus outbreak has brought about a sense of panic among people across the world. The efforts taken to curb the spread of the disease have had an adverse effect on several industries across the world. Due to the adverse effects that the pandemic has had across the world, several businesses have been forced to shut down. Although large scale companies have not faced such severe consequences, a few have certainly been compelled to shut down manufacturing units for a temporary period. As a result, the Covid-19 pandemic has had an adverse effect on the food processing market in recent years.Food processing equipment are used to simplify several phases including manufacturing, packaging, storage, and distribution of food products. Technological advancements have played a huge role in the growth of the market in recent years, accounting to the exceptional properties enabled by these technologies. The increasing investments in the deployment of technologically advanced products will bode well for the growth of the market in the coming years. Moreover, the ability of these equipment to enable safety and reliability in processing equipment will lead to a wider product adoption in the coming years. The use of modern technologies has been pivotal to the growth of the regional as well as global market in recent years and these concepts will enable rapid growth of the market in the coming years as well.The food processing equipment market report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the massive investments in the integration of technologically advanced equipment and the implementation of newer concepts have made the highest impact on market growth. The increasing number of product innovations across the world has made a positive impact on the growth of the global market in recent years and the manner of ongoing advances will continue to influence the growth of the market in the foreseeable future. In July 2020, Marel announced that it will be implementing a new software module in its manufacturing plant. The company announced that it will be integrating this module to cater to each of its manufacturing plants. This step will bode well for the company in the coming years.The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the food processing equipment market in Asia Pacific is projected to emerge dominant in the coming years. The rising food and beverage industry has created the platform for manufacturers in this region. The presence of several large scale companies in countries such as China, India, and Japan will have a positive impact on the growth of the regional market.  As of 2019, the market in Asia Pacific was worth 13.5 billion and this value is projected to increase at a considerable pace in the coming years. The market for food processing equipment in Europe will witness considerable growth in the coming years, driven by the increasing demand for ready-to-eat (RTE) products in this region.
List of Key Companies Profiled in the Food Processing Equipment Market Report are:Buhler Ag (Uzwil, Switzerland)JBT (Chicago, Illinois)Marel (Gardabaer, Iceland)Tetra Pak International S.A. (Pully, Switzerland)The Middleby Corporation (Elgin, Illinois)Hobart (Troy, Ohio)Krones AG (Neutraubling,Germany)GEA Group Aktiengesellschaft (Düsseldorf, Germany)ALFA LAVAL (Sweden)BAADER (Lübeck/Germany)
Industry Developments:• June 2020: Buhler announced that it will be initiating a new food application center (FAC) for virtual networking within the industry.IntroductionDefinition, By SegmentResearch Methodology/ApproachData SourcesExecutive SummaryMarket DynamicsMacro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19Short-term ImpactLong-term ImpactCompetition LandscapeBusiness Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPorter’s Five Force AnalysisGlobal Market Share Analysis and Matrix, 2019Key Market Insights and Analysis, By SegmentsGlobal Food Processing Equipment Market Analysis, Insights and Forecast, 2016-2027By Equipment Type (Value)Pre-processing EquipmentProcessing EquipmentBy Automation Type (Value)AutomaticSemi-automaticBy Application (Value)Bakery and Confectionery ProductsMeat and Poultry ProductsDairy ProductsBeveragesOthers (Grains, Fruits, Nuts and Vegetables, etc.)By Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued…!!!
Processed Meat Market Size, Share & Industry Analysis, By Type (Frozen, Canned, and Chilled), Animal Type (Poultry, Beef, Pork, and Others), Distribution Channel (Hypermarket/Supermarket, Convenience Stores, Specialty Stores, and Others), and Regional Forecast, 2020 – 2027Beverage Processing Equipment Market Size, Share And Global Trend By Equipment Type (Heat Exchangers, Brewery Equipment, Filtration Equipment, Blending & Mixing Equipment, Carbonation Equipment), By Beverage Type (Alcoholic Beverages, Carbonated Beverages, Non-Carbonated Beverages, Dairy-based Beverages), And Geography Forecast Till 2026Fluid Handling Systems Market Size, Share and Global Trend By Component (Pumps, Control Valves, Storage Tanks, Others), By End-Use Industry (Chemical, Food Processing, Power Generation, Marine, Others) and Geography Forecast till 2026Food Packaging Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Filling, Bottling, Case Cartoning, Labeling and Palletizing), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages and Others) and Regional Forecast, 2020-2027Food Processing and Handling Equipment Market Size, Share & Industry Analysis, By Equipment Type (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2019-2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
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