Global Food Processing Machinery Market to grow at a CAGR of 7.51% during the period 2016 - 2020; Finds New Report

Report forecast the global food processing machinery market to grow at a CAGR of 7.51% during the period 2016-2020.

Food processing equipment is used by manufacturers of food products for processing food using techniques such as blending, homogenization, pasteurization, and filling. Processing of food helps in removal of toxins and preservation. Processed food offers advantages such as enhanced taste, low risk of contamination, enhanced shelf life, and a high degree of portability. Rapid rate of urbanization and changing lifestyles are some of the other major factors responsible for the demand for processed foods, which in turn is contributing to demand for food processing machineries worldwide.

The report covers the present scenario and the growth prospects of the global food processing machinery market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the different geographies.

The market is divided into the following segments based on geography:

• Americas
• APAC
• Europe
• MEA

According to the report, one of the key drivers for market growth will be concerns regarding food safety. Consumers prefer packaging that is convenient and keeps packaged products safe. Metal cans are impervious to oxygen and protect the quality of the food products. Therefore, they are preferred for packaging food products over plastic, flexible packaging, and carton packaging. Canned food comes in sealed, air-tight, tamper-proof, steel containers. Hence, the chances of contamination are minimal. The emphasis on food safety is leading to increased demand for high-end food processing machineries, such as cutters; blenders; and filling, curing, and filleting machines; and contributing to growth of the global food processing machinery market.

Further, the report states that increase in prices of basic food products will be a challenge for the market. A rise in the global population is leading to an increased demand for food worldwide. Unfavorable weather and restrictive government policies also affect the prices of basic food products. For instance, according to the Economic Research Service (ERS), in 2015, the price of eggs increased by 17.75% compared to the previous year. This inflation in prices of basic food products is leading to an increase in the prices of processed food. Many small-scale manufacturers of processed foods are delaying or avoiding the adoption of food processing machinery, as these require considerable capital expenditure.

Global Food Processing Machinery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global food processing machinery market:  Anko Food Machine, Buhler AG, GEA Group, Krones AG, Tetra Laval,

Other Prominent Vendors in the market are: A&B Process Systems, Alfa Laval, C. van't Riet, Farm and Ranch Depot, Feldmeier Equipment, IDMC, JBT, John Bean Technologies, Marel, Marlen International, Paul Mueller, Scherjon, and SPX.

Market driver

• Demand for packaged processed food
• For a full, detailed list, view our report

Market challenge

• Increase in prices of basic food products
• For a full, detailed list, view our report

Market trend

• Advances in technology
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 64 pages and 30 Exhibit “Global Food Processing Machinery Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market opportunity assessment for different types of food processing machineries, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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