Food Processing Equipment Market: Emerging Trends and Growth Drivers, 2025
The
global Food Processing Equipment Market size is
anticipated to reach at USD 85.59 billion by 2025, according to a new report
published by Grand View Research, Inc. Driven by growing demand for processed
and Ready-to-Eat (RTE) food products across the globe, the market is projected
to expand at a CAGR of 6.2% over the forecast period. Strict government
regulations regarding the hygiene and standardization of food products will
further driver the demand for food processing equipment. Increasing demand for
meat, poultry, and seafood is also predicted to support the market growth in
the coming years.
Furthermore,
growing trend of industrial automation coupled with easy availability of these
units will spur the market development. The automatic mode of operation segment
led the market in 2017 and is likely to expand further at a CAGR of 7.0% over
the forecast period. This growth can be attributed to technological
advancements in the processing market. Companies offer automated operational
systems for the manufacturing of food processing equipment to have a
competitive advantage in the market.
The
processing equipment segment is expected to register a CAGR 6.5% in the
forecast period reaching USD 45.67 billion by 2025. The pre-processing
equipment type is also projected to account for a significant share of the
global market.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/food-processing-equipment-market
https://www.grandviewresearch.com/industry-analysis/food-processing-equipment-market
Further key findings from the study suggest:
- The
processing equipment type segment is expected to witness the fastest
growth over the forecast period
- India was
valued at USD 3.2 billion in 2017 owing to the large-scale demand for food
processing equipment in the region
- As of 2017,
the country is among the prominent markets on account of large population
base and rapid industrial development
- The U.S.
food processing equipment market is expected to register a CAGR of 4.9%
owing to favorable growth opportunities in the region
- U.K. is also
anticipated to grow significantly over the coming years
- Some of the
companies in the global market include BAADER Group, GEA Group AG, Buhler
AG, Alfa Laval AB, and Tetra Laval International S.A.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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