Top Investment Pocket Food Processing Machinery Market Forecast 2023

Food Processing Machinery Market

by Type, Mode of Operation Opportunity Analysis andand Industry Forecast, 2016-2023 Application Industry Global OpportunityForecast Analysis and 2023 Industry Forecast, 2016-2023

FOOD PROCESSING MACHINERY MARKET

Food processing machinery market was valued at $52,787 million in 2016, and is projected to reach at $68,882 million by 2023, growing at a CAGR of 3.9% from 2017 to 2023. The meat, poultry, and seafood segment dominated the market in 2016, and accounted for around two-fifths market share, in terms of revenue.

The demand for processed food has increased due to rapid change in the lifestyle of people globally. Thus, the food processing companies have upgraded the machineries, which can offer high processing capacity to meet the growth in demand. Moreover, manufacturers have focused on customer needs while maintaining the global quality standards. Furthermore, surge in demand for processed quality food act as the major driver for the market.

FOOD PROCESSING MACHINERY MARKET

The depositor food processing machines segment is expected to dominate the market throughout the forecast period and accounted for around one-fourth share in 2016, in terms of revenue. In addition, the extruding machines segment is expected to witness higher growth rate as compared to others.

In 2016, the meat, poultry & seafood segment dominated the market with two-fifths market share, in terms of revenue, owing to the higher rate of meat consumption in the developed countries as compared to dairy and other food products. According to Food and Agriculture Organization (FAO), consumption of meat has been growing at 5%6% per annum as compared to 3.45-3.8% for milk and dairy products during 2015-2020.

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FOOD PROCESSING MACHINERY MARKET

Key Benefits • This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the global food processing machinery market from 2017 to 2023.

• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.

• Detailed analysis of the industry based on the type and application explains the trending machine type and other potential variants.

• Porters five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.

• Extensive analysis of the market is conducted by following key product positioning and monitoring of the top players within the market framework.

FOOD PROCESSING MACHINERY MARKET

Top Investment Pocket, By Type

FOOD PROCESSING MACHINERY MARKET

Europe and North America collectively accounted for more than half of the market share, in terms of revenue, in 2016. Europe dominated the market, owing to the increase in demand for food processing machines and high machinery production in Germany in 2016. Asia-Pacific is expected to be the highest growing region during the forecast period.

The prominent market players profiled in the report include Anko Food Machine Co. Ltd., Atlas Pacific Engineering Co. Inc., Berkshire Hathaway Inc., Bucher Industries, Mallet & Co. Inc., Nichimo Co. Ltd., Spx Corp., Ziemann International GmbH, AFE Group Ltd., Bean (John) Technologies Corp., BMA Group, Heat and Control Inc., Hosokawa Micron Corp., and Meyer Industries Inc. Send Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2392

FOOD PROCESSING MACHINERY MARKET

Food Processing Machinery Market Key Segments

By Type • Depositors • Extruding Machines • Mixers • Refrigeration • Slicers & Dicers • Others (Cutting Machines, Dispensing Machines, and Ovens

By Application • Bakery & Confectionery • Meat, Poultry, and Seafood • Dairy • Beverages • Others (Grain, Fruit, and Nut & Vegetable)

By Mode of Operation • Semi-Automatic • Fully Automatic

FOOD PROCESSING MACHINERY MARKET

By Geography • North America • Europe • Asia-Pacific • LAMEA

FOOD PROCESSING MACHINERY MARKET Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com

FOOD PROCESSING MACHINERY MARKET

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