Prepared Food Equipment Market Current Trends and Future Estimations to 2036

The global prepared food equipment market size is estimated to account for a value of USD 10.4 billion in 2020 and is projected to reach USD 15.1 billion, with a CAGR of 6.4% for the forecast period 2020-2026. The market is driven by factors such as growing disposable income; increase in supermarkets & retail outlets, investment of food manufacturers on products with a focus on production efficiency, processing time, and quality; and growth of food exports. An increase in investments in R&D activities, demand for advanced machinery, and the growing automation industry are the upcoming opportunities for the prepared food equipment industry.

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By type, the packaging is projected to be the fastest-growing segment in the prepared food equipment market during the forecast period.

The packaging segment is further segmented in primary and secondary packaging.. Packaging of prepared food products is carried out to avoid contamination of the products, reduce wastage during transport & handling, and extend their shelf life. Automated equipment is used in developed countries to standardize the packaging, enhancing the food product's value.

By application, the snacks & savory products segment is projected to dominate the Prepared Food Equipment market during the forecast period.

Every household consumes snacks & savory products as it is easily available and tasty for consumption. With the growing concerns for healthy food options, varieties of snacks are made available, gluten-free, lactose-free, and rich in nutrients.

The automatic segment is projected to be the highest growing segment in the Prepared Food Equipment market during the forecast period by mode of operation.

The ease of use and higher production of food products in lesser time drive the market for automated prepared food equipment. Like the US and Germany, most countries opt for automated equipment to cater to the increasing demand for processed foods domestically and internationally.

The increasing demand for convenience foods Asia Pacific region is driving the Prepared Food Equipment market's growth.

The demand for prepared food equipment is expected to increase in the Asia Pacific region due to the growing retail industry and increased working professionals. The shift to automated equipment and the application of automation in ready-to-eat food and on-the-go food products, with an increasing population, drives the demand for prepared food equipment. The growing innovations in prepared food equipment are also expected to drive the Asia Pacific region's market.

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This report includes a study on the marketing and development strategies and a study on the product portfolios of the leading companies operating in the Prepared food equipment market. It consists of the profiles of leading companies like GEA Group (Germany), Alfa Laval (Sweden), JBT Corporation (US), SPX FLOW (US), Bühler (Switzerland), Tetra Laval (Switzerland), Dover Corporation (US), Robert Bosch (Germany), Krones (Germany), Middleby Corporation (US), Marel (Iceland), IMA Group (Italy), Multivac (Germany), Ali Group (Italy), Lyco Manufacturing, Inc (US), Heat and Control, Inc. (US), BigTem Makine (Turkey), Hup Sheng Machinery & Industry (Malaysia), Sumpot (China), and Hosokawa Alpine (Bayern).

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