Food Processing and Handling Equipment Market 2022 Net Worth is US$ 138.41 billion and Forecasts by 2028 | Top Key Companies are: Buhler Ag, JBT, M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Tetra Pak International S.A. (Tetra Laval), The Middleby Corporat

Food Processing and Handling Equipment Market 2022-2028

New study report" Food Processing and Handling Equipment Market 2022 Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.

Market Overview:

The report on the Food Processing and Handling Equipment Market is designed by proficient analysts with the motive to serve on table as an ultimate guide for investors, stakeholders, and people in business to make decisions to augment the growth of the Food Processing and Handling Equipment market. The report holds market statistics, values, and other factors that can influence the Food Processing and Handling Equipment market. The market is studied for the forecast period of 2022 to 2028. An in-depth study on the market has been performed to prepare a report maintaining high degree of accuracy thought out. The report details qualitative and quantitative analysis of the Food Processing and Handling Equipment market. The market overview section elaborates on drivers and constraining factors of the market. Additional causes that are anticipated to cast an impact on the market are also discussed in the report. Our market researchers have meticulously studied the market dynamics to deliver an accurate content-rich report.

The global food processing and handling equipment market size was USD 99.68 billion in 2020. The market will exhibit a lower growth of 3.4% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is expected to grow from USD 102.78 billion in 2021 to USD 138.41 billion in 2028 at a CAGR of 4.3% in the 2021-2028 period.

Various segments of the market have been divided into different divisions. They have been depicted maximum share and profit maximization of the market during the forecasting period of 2022 to 2028. This is mentioned in the report too. Depending on the information, it has been recognized with different data and figures offered by the analysis of the overall understanding of the market place and value. Various distinctive features involve the market's knowledge based on the factors like the demographic changes, market dimensions, historical details, and market overviews. The research is also included in the strategic movements that are undertaken by the top-notch markets. Moreover, these key players affect the market growth and the profit rate of the overall market. In this report, the internal dimensions and assessments of the Food Processing and Handling Equipment market are revealed. The study of the Food Processing and Handling Equipment market's description has been taking place during the 2022 period and the last year of the foreseen period that extends to 2028.

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List of Companies Covered in the Food Processing and Handling Equipment Market Report:

Buhler Ag
JBT
M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.
Tetra Pak International S.A. (Tetra Laval)
The Middleby Corporation
Welbilt
Krones AG
GEA Group Aktiengesellschaft
ALFA LAVAL
Dover Corporation


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Method of Research:

Fail-safe, modern research methodologies are employed for the Food Processing and Handling Equipment market analysis. An exhaustive primary and secondary research conducted on the market using robust research techniques aid in the prediction of the market size at the end of forecast period. Top-up and bottom-down approaches were maintained in the entire market study.



Competitive Landscape:

Key Players Collaborate to Broaden their Market Reach and Gain Prominence

The major players in the market are consistently opting for efficient strategies to assist them in maintaining a superior level in the market. They apply various tactics such as form mergers, initiate acquisitions, sign partnerships, and collaborate to bolster both the involved companies' market value. For instance, in August 2019, Buhler Group and Premier Tech based in Canada declared the establishment of tactical cooperation for flexible wrapping solutions in China. It is an amalgamation of Premier Tech's product collection and proficiency and Buhler's competent, precise, and food welfare programmed technologies facilitating forthcoming packaging solutions.



Driving Factors:

Growing Demand for Sanitized Convenience Food Products to Promote Market Growth

Convenience meals are anticipated to display dynamic growth rates in the upcoming future due to the dual-income families that are determining the rapid urban lifestyle. According to the Food Drink Europe, which is a food industry association in the European Union stated, Europe holds the utmost intake rate of processed and ready meals, roughly spent up to 6.7 billion in 2017, followed by North America, Asia Pacific, Latin America, and the Middle East and Africa in the same order. Consequently, the demand for convenience food products is anticipated to rise in developing countries as well. This is further expected to spur the food processing and handling equipment market growth in the near future.



Segmentation:

On the basis of equipment type, the global market is divided into processing equipment, packaging equipment, and service equipment. Among these, the food processing equipment segment is expected to grow vastly in the near future, on account of their demand throughout the food and beverage industry. The food processing equipment segment is leading as it is likely to produce an adequate amount of processed food to satisfy the customer demand. It also held a significant share of 46.7% in 2020.

By application, the market is further segregated into bakery and confectionery products, meat and poultry products, dairy products, beverages, and others.

In terms of region, the global market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.



Regional Insights:

Asia Pacific to Ace in the Market Backed by Rising Disposable Income

Asia Pacific is expected to hold major food processing and handling equipment market share and display dynamic growth in the market value across the globe. The increasing disposable income, combined with the changing consumer inclination towards convenience food & ready-to-eat foods, are the key factors impelling the industry development in this region. The market size was worth USD 28.84 billion as of 2020.

North America is expected to hold the second-largest share in this industry owing to the rising demand for food processing & handling equipment. This is primarily due to the rapidly evolving food & beverage industry and varying consumer liking for frozen food products.

Europe is predicted to observe substantial growth in the industry during the forecast period on account of the cumulative capitalization in the extension of production amenities across the EU region.



Key Industry Development:

April 2019: JBT Corporation announced a conclusive contract of acquiring Proseal U.K. Ltd., which is a tray packing technology supplier in the food industry, such as ready-to-eat meals, sandwiches, fresh harvest, and proteins, augmenting the freshness and taste of the food product.



Major Table of Content:



Introduction
Executive Summary
Market Dynamics
Key Insights
Food Processing and Handling Equipment Market Analysis, Insights and Forecast, 2022-2028
North America Food Processing and Handling Equipment Market Analysis, Insights and Forecast, 2022-2028
Europe Food Processing and Handling Equipment Market Analysis, Insights and Forecast, 2022-2028
Asia Pacific Food Processing and Handling Equipment Market Analysis, Insights and Forecast, 2022-2028
Middle East and Africa Food Processing and Handling Equipment Market Analysis, Insights and Forecast, 2022-2028
Latin America Food Processing and Handling Equipment Market Analysis, Insights and Forecast, 2022-2028
Market Share Analysis, By Key Players, 2022
Competition Matrix
Company Profile

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