A recent market intelligence report that is published by Data Insights Partner on the global food processing and handling equipment market makes an offering of in-depth analysis of segments and sub-segments in the regional and international market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global food processing market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of the global market is offered. In accordance with the report, the food processing equipments market is projected to expand at a CAGR of 6.3% over the period of forecast.
Market Insight, Drivers, Restraints & Opportunity of the Market:
People’s busy lifestyle has caused the demand for immediate packaged foods to rise as the need for food to last for longer days is ever increasing. As the capacity to manufacture food explodes worldwide, the need for processing equipments is increasing day by day. Food processing equipment is a term which covers the components of cooking, hydrating, drying, storing and packaging food products to increase the taste, consumability, shelf life and ease of digestion. That brings us to this analysis.
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A wide range of food processing and handling equipment is used for a range of purposes that are washing, baking, freezing, and boiling depending on the demand of the operation. These machines are designed such to operate with solid, semisolid or liquid food products continuously, or in a batch. In emerging economies, expanding food industries supports the growth of the processing equipments market. Equipment manufacturers install robotic technologies to ensure precision in quality and hygiene of food processed. As people are shifting to fast paces urban lifestyles, convenience meals are facing an uprising demand hike. This holds for emerging countries as well.
Due to the ongoing pandemic, governments across the world are imposing stringent laws about food hygiene and processing. Thus an increased responsibility and workload has become a restraint for small scale manufacturers due to minimal funding that they receive. The increase in the number of food borne diseases poses a threat too, and these above mentioned points are some restraining factors to the growth of the food processing and handling equipment industry.
The IMA Group uses several types of machines for their food packaging and processing industry with the techniques of forming, labeling, filling and sealing to pack and store foods. Multivac, a German company, uses thermoform machines which are great in terms of operation, process reliability, flexibility and efficiency. Multivac supplies integrated solutions with high degree of expertise in application to make sure that packaging results are up to the mark. The machines are thus matched with the packaging materials and it is ensured that the product and machine interaction is taken into consideration. There have been recent investments to incorporate IoT and AI in the R&D sectors of the food processing equipments industry. This collaboration has raised the opportunities of growth of this market. Around 40,000 food processing units were present in India in 2019, which provides great promise to boost the growth for other companies in this industry.
This market intelligence report on the global food processing equipments market is segmented based on equipment type, form, application, and country/regions.
In terms of equipment type, the global food processing and handling equipment market is segregated into
o Pre-processing equipment
o Primary processing equipment
o Cooking equipment
o Refrigeration & storage equipment
o Food preparation equipment
o Warewashing equipment
o Serving equipment
o Filling & dosing
o Case packing
o Wrapping & bundling
o Labeling & coding
o Inspecting, detecting, and check weighing machines
By form, the global food processing and handling equipment market is also classified into,
By application, the global food processing and handling equipment market is also classified into,
By country/region, the global food processing and handling equipment market has been divided into
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Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as
Other players have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as food processing and handling equipment market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Ø This study offers comprehensive yet detailed analysis of food processing and handling equipment market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, launch of new products, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the market of food processing and equipments is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø Leading market players covered this report comprise names such as GEA, Tetra Laval, Multivac, Robert Bosch, IMA Group and many more.
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of products, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for food processing and handling equipment caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for the market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies has been taken into consideration before coming to a conclusion.
Reasons to buy:
v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the food processing and handling equipment market
v Identification of key factors driving investment opportunities in the food processing and handling equipment market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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