Increasing Consumption due to increasing population, More demand for quality and healthy foods, increasing rate of urbanization, and due to increasing rate of industrialization are key factors contributing to high CAGR of Food Processing & Handling Equipment during the forecast period.
Market Size – USD 146.22 Billion in 2020, Market Growth – CAGR of 6.1%, Market Trends – Product launches and research for advanced Food Processing & Handling Equipments
According to the current analysis of Reports and Data, the global Food Processing & Handling Equipments market was valued at USD 146.22 Billion in 2020 and is expected to reach USD 235.30 Billion by 2028, at a CAGR of 6.1%. The rising demand for food processing & handling equipment attributed to the increase in the world consumption. The people in developing countries like India, China and the large market from these countries will create more demand from the food industry. The shift in preference among the population in terms of what they eat to avoid any health concerns and the increase in income of the people in the choice of food is found across the globe. The demand for higher value-added food is growing tremendously.
These equipment are designed to meet the requirement of industries but the during past few years the government intervention in the sector has increased due to safety and health concerns and because of which to cope up with the standards set is major challenge for the industry around the globe. The equipment manufacturers also have to design the material following the standard set as because which price rise witnessed for the industry. The processing production cycle, initial foundation operations focus on making the raw material for subsequent processes—typically mechanical or chemical processing—by unraveling the desirable material from the low quality, substandard, or unwanted material. In doing so, manufacturers are better able to guarantee the production of uniform and high-quality products, as well as remove foreign matter and contaminants which may degrade or damage the food material or equipment. Mechanical processing operations are engaged (without the application of heat or chemicals) to homogenize, reduce, enlarge, or otherwise alter the physical form of solid, semi-solid, and liquid matter. By changing the form and size of the food matter, manufacturers can facilitate and raise the efficiency and effectiveness of subsequent processes, improve the overall quality and edibility, and allow for a greater range of products to be produced.
Key participants include Alfa Laval, Buhler AG, JBT Corporation, GEA, Dover Corporation, Robert Bosch, IMA Group, Middleby Corporation, Welbeit Inc., Multivac Corporation
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Food Processing & Handling Equipments market based on form, application, equipment type, processing type, and region:
Form (Revenue, USD Billion; 2018–2028)
Application (Revenue, USD Billion; 2018–2028)
Equipment Type (Revenue, USD Billion; 2018–2028)
Processing Type (Revenue, USD Billion; 2018–2028)
Regional Outlook (Revenue in USD Billion; 2018–2028)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020 – 2028 Chapter 3. Indicative Metrics Chapter 4. Food Processing & Handling Equipment Segmentation & Impact Analysis 4.1. Food Processing & Handling Equipment Segmentation Analysis 4.2. Food Processing & Handling Equipment Market Value Chain Analysis, 2018 – 2028 4.3. Regulatory framework 4.4. Food Processing & Handling Equipment Market Impact Analysis 4.4.1. Market driver analysis 4.4.1.1. Increasing rate of consumption 4.4.1.2. Rising demand for healthier food items 4.4.2. Market restraint analysis 4.4.2.1. High investment Cost 4.5. Key opportunities prioritized 4.6. Food Processing & Handling Equipment Pricing Analysis 4.7. Industry analysis – Porter’s 4.8. Food Processing & Handling Equipment PESTEL Analysis
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Strategy Benchmarking 10.5. Vendor Landscape Chapter 11. Company Profiles 11.1. Alfa Laval 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Product Length Benchmarking 11.1.4. Strategic Initiatives 11.2. Buhler AG 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Product Length Benchmarking 11.2.4. Strategic Initiatives 11.3. JBT Corporation 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Product Length Benchmarking 11.3.4. Strategic Initiatives 11.4. GEA 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Product Length Benchmarking 11.4.4. Strategic Initiatives 11.5. Dover Corporation 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Product Length Benchmarking 11.5.4. Strategic Initiatives
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