Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121668697
The solid segment dominated the market with USD 32.78 billion in 2020
In terms of value, the market for food & beverage processing equipment was dominated by the solid form in 2020. With the rise in disposable income, consumers in developing markets are willing to spend more on processed and packaged convenience food. Due to this, food manufacturers are scaling up their production to cater to the rising demand for food, which, in turn, is contributing to the rising demand for processing equipment in the market.
The processing segment by type dominated the market, with a share of 67.5% in 2020
The processing segment dominated the market for food & beverage processing equipment and was valued at USD 37.41 billion in 2020 and is projected to grow at a CAGR of 5.5% during the forecast period. The rapidly growing bakery products, dairy products, and beverages industries are also expected to accelerate the demand for equipment for faster and more efficient processing to meet consumer demand. This growth can be seen in emerging regions such as the Asia Pacific, where, due to progressive economic growth and improved income levels, people are demanding more packaged food and ready meals; this has led to the growth of the overall food & beverage equipment market.
China dominated the Asia Pacific market for food & beverage processing equipment with a value of USD 7.15 Billion in 2020
The Chinese food & beverage processing equipment market is fragmented with the presence of small and medium-sized food & beverage processing equipment manufacturers that are mainly focused on offering a limited range of products. The presence of a large number of equipment manufacturers is also driving the growth of this market. Chinas food processing industry is maturing, and growth is moderating. Consumers have become increasingly interested in eating more natural and healthier foods while valuing convenience and attractive packaging.
Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=121668697
Key players in this market include Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT (US), The Middleby Corporation (US), Heat and Control, Inc. (US), Alfa Laval (Sweden), TNA Australia Pty Ltd. (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L (Spain), Clextral (France), SPX FLOW (US), Bigtem Makine (Turkey), FENCO Food Machinery (Italy), Krones Group (Germany), Finis Food Processing Equipment B.V. (Netherlands), Bettcher Industries, Inc. (US), Anko Food Machine Co. Ltd. (Taiwan), Heat and Control, Inc. (US), BAADER (Germany), and Dover Corporation (US).
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenue decisions.
Our 850 full time analysts and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketss flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441