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Rapid Demand for Processed Foods to Spur Growth in the Global Food Processing Machinery and Equipment Market


Published: January 2018

REPORT STATISTICS


  • Code: MCP-2557
  • Pages: 598
  • Tables: 170
  • Companies: 365


FOOD PROCESSING MACHINERY AND EQUIPMENT: A RESEARCH BRIEF

The global market for Food Processing Machinery and Equipment is projected to reach US$89 billion by 2024, driven by the ever-present consumer demand for convenience food and the resulting growth in production of processed foods and beverages. Consumerism in the food industry is the single most important trend providing the foundation for growth in the market. The growing variety of specialized processed food products is driving demand for customized equipment solutions. Other major factors driving growth in the market include strong demand for automated equipment capable of offering cost and efficiency benefits; and developments in new equipment materials and design technology. Growing concerns over food contamination and the emphasis placed on equipment longevity and anti-corrosion features are forecast to help drive demand for equipment manufactured from stainless steel. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 8.8% over the analysis period led by factors such as vast population base; changing consumer lifestyles and dietary patterns; increasing disposable income and the ensuing increase in per capita spending on processed foods; implementation of food security policies and the resulting industrial mass production of food in developing Asian markets; and growing presence of export oriented meat, poultry and seafood processing companies in the region. 

    Summary of Findings

  • Extruding Machines Find Widespread Demand Due To Factors such as Easy Handling, Higher Productivity, Improved Energy Efficiency, Less Wastage and Low Cost of Equipment
  • Improving Inland Fisheries Production Supported by the Growth in Aquaculture and Fish Farming Drives Demand for Fish & Seafood Processing Machinery
  • Rising Popularity of Protein Rich Diets and Increasing Livestock Production and Productivity Spur Sales of Meat Processing Machinery
  • Efforts to Retrofit Aging Food Processing Facilities Fuels Replacement Demand Especially in Developed Markets
  • Focus on Food Quality and Safety Drives Engineering Interest in Hygienic Design of Processing Equipment

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America), and Rest of World

    Market Segmentation & Classification

  • Product Segments:
    • Meat/Poultry Processing Equipment, Fish/Seafood Processing Equipment, Dry Food Processing Equipment, Beverage Processing Equipment, Pre-Prepared Food Processing Equipment, Dairy Products Processing Equipment, Fruit/Vegetable Processing Equipment, Grain Mill Processing Equipment, Fats & Oil Processing Equipment, and Multi-Products/General Purpose Processing Equipment

MAJOR PLAYERS

  • Alfa Laval
  • Atlas Pacific Engineering Company, Inc.
  • Bucher Industries AG
  • Bühler AG
  • GEA Group AG
  • Heat and Control, Inc.

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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