Global Food Processing Machinery Market 2024-2028
The food processing machinery market is forecasted to grow by USD 22086.71 mn during 2023-2028, accelerating at a CAGR of 6.49% during the forecast period. The report on the food processing machinery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising investments in food processing sector in developing economies in APAC, increasing demand for convenient food products, and growth of contract manufacturing in food industry.
Technavio's food processing machinery market is segmented as below:
- Slicers and dicers
- MP and S
By Geographical Landscape
- North America
- Middle East and Africa
- South America
This study identifies the availability of customized food processing machinery as one of the prime reasons driving the food processing machinery market growth during the next few years. Also, growing focus on safety features of food processing machinery and increasing focus on automated food processing equipment will lead to sizable demand in the market.
The report on the food processing machinery market covers the following areas:
- Food processing machinery market sizing
- Food processing machinery market forecast
- Food processing machinery market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading food processing machinery market vendors that include Alfa Laval AB, ANKO Food Machine Co. Ltd., Bigtem Makine A.S., Bucher Industries AG, Buhler AG, Duravant LLC, FENCO Food Machinery s.r.l., GEA Group AG, Hosokawa Micron Corp., Illinois Tool Works Inc., John Bean Technologies Corp., Krones AG, LEHUI, Marel Group, Nichimo Co. Ltd., SPX FLOW Inc., Tetra Laval SA, The Middleby Corp., TNA Australia Pty Ltd., and Tomra Systems ASA. Also, the food processing machinery market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth