Food Processing Equipment Market Size, Industry Trends, Regional Outlook, Company Share and Segment Forecasts, 2018 to 2025
Industry Insights
Rising health consciousness and dietary shifts in developed, as well as developing regions are also estimated to boost market growth in the years to come. In addition, various government organizations are encouraging the food processing equipment manufacturers to enhance their R&D capabilities, which is also likely to fuel the market growth.
The automatic equipment have witnessed higher demand in recent years as compared to semi-automatic machinery. Industry 4.0 and green revolution in the manufacturing sector favors automation in the food processing industry. This is also supporting the market growth. Food standards and safety are the ace target for the value chain participants and they need to follow stringent government regulations and standards for it.
Factors such as rising disposable income levels, rapid globalization, and adoption of automated technologies, trigger the growth of this market. Growing pressure on the processing industry due to increasing demand for processed and packaged food products as a result of rising population will contribute to the market expansion.
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Type Insights
The machinery units in this include forming, extruding, drying, cooling, freezing, coating, thermal, homogenization, and filtration. Recent advances in the machine and equipment sector are expected to revolutionize the industry and drive the segment growth. The global food processing equipment market constantly requires efficient and effective solutions for all the complex manufacturing operations.
Application Insights
Meat, poultry, and seafood segment led the application segment in 2017 occupying a significant share of the market. It is expected to register a CAGR of 7.2% over the forecast period. Beverage application is expected to be the second-largest segment with a CAGR of 6.9% over the coming years.
Regional Insights
Regional Outlook (Revenue, USD Billion, 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East and Africa
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Report Scope
Attribute | Details |
The base year for estimation | 2017 |
Actual/Historical data | 2014 - 2016 |
Forecast period | 2018 - 2025 |
Market representation | Revenue in USD Billion, and CAGR from 2017 to 2025 |
Regional scope | North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa |
Country scope | U.S., Canada, Mexico, Germany, Russia, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Brazil, and South Africa |
Report coverage | Revenue forecast, competitive landscape, growth factors, and trends |
15% free customization scope (equivalent to 5 analyst working days) | If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of the customization |