Press release
Food Processing and Manufacturing (FPM) CM Market Trends, Size, Forecast - 2018-2023
The global food processing and manufacturing (FPM) contract manufacturing market size was estimated to USD 77,000 million in 2018 and expected to grow with a CAGR of 5.1% during the forecast period. In food processing and manufacturing, a company can outsource products or raw material that enable their food processing business to be always competitive in initial stage or during growth. By providing the contract to another business for the packaging of their food product can eliminate the need to invest highly in broad equipment or employing additional staff when there is a low cash flow. Thus, small food manufacturers such as Peter Greven provide outsourcing services to a well-equipped business. Moreover, there are several contract manufacturing firms existing in the food sector, including Kilfera Food Manufacturers Ltd., PacMoore Corporation and Hearthside Food Solutions LLC.Request a free sample of our report on Food Processing and Manufacturing (FPM) CM Market : https://www.omrglobal.com/request-sample/fpm-contract-manufacturing-market
Major factors contributing to the growth of the global FPM contract manufacturing market include rapid influx of new product varieties due to increasing demand for innovative food products across the globe. Lack of manufacturing production capabilities of OEM (original equipment manufacturer) and growing demand for convenience food due to change in lifestyle are fueling the market growth. Improvement in food manufacturing supply chain are driving investment in automation technologies across the food processing and manufacturing industry. Stringent regulatory policies for the approval of food products and increasing risk associated with the quality of the product are some of the factors hindering the growth of the market. Some of the other factors responsible for restraining market growth are the increasing cost of raw material. However, emerging markets and introduction of automation technology in food production decreases the manual work which is expected to create enormous opportunities for the market in the near future.
A full report of Food Processing and Manufacturing (FPM) CM Market is available at : https://www.omrglobal.com/industry-reports/fpm-contract-manufacturing-market
Global FPM Contract Manufacturing Market Segmentation
By services
• Food manufacturing services
o Convenience foods
o Bakery products
o Dietary supplement
o Confectionery products
o Dairy products
o Others
• Research and development
• Food packaging services
Competitive landscape
• Key company analysis
• Key strategy analysis
Regional analysis
North american
• United states
• Canada
Europe
• U.k
• Germany
• Italy
• Spain
• France
• Roe
Asia pacific
• India
• China
• Japan
• Roapac
Rest of the world
Company profiles
• Access business group llc
• Adirondack beverages inc.
• Afp advanced food products llc
• Amco proteins
• American custom drying company
• American soy products, inc.
• Amerilab technologies, inc.
• Ameriqual group llc
• Anderson dahlen inc.
• Arizona nutritional supplements, llc
For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/fpm-contract-manufacturing-market
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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