Press release
Food and Beverage Processing Equipment Market surpass to reach US$ 78.2 billion by 2029 and is projected to accelerate at a CAGR of 3.04% from 2022 to 2029
Food and Beverage Processing Equipment Market Overview:
Qualitative analysis about Food and Beverage Processing Equipment market status (2020 to 2029), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2019 to 2029), regional industrial layout characteristics and macroeconomic policies, industrial policy has also be included. From raw materials to downstream buyers of this industry will be analysed scientifically, the feature of product circulation and sales Distribution will be presented as well.
The growth of this market is primarily driven by increasing global food consumption and growth in the food processing industry. However, high initial investment costs and rising production costs due to rising energy and labor costs are expected to limit the market growth. Advancements in the food processing industry, innovations in processing technology, and continued growth in demand for processed foods are some of the factors expected to support the growth of the food and beverage processing equipment market. With the growing preference for healthy and functional foods, manufacturers are expected to introduce new devices to meet the demand for healthy and functional foods and beverages.
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The comprehensive Demand analysis of the Food and Beverage Processing Equipment market will assist in managing better product differentiation, along with detailed understanding of the core capability of each activity involved. The Food and Beverage Processing Equipment market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
Following are the major Companies of Food and Beverage Processing Equipment market - Marel, GEA Group, Bühler, JBT, The Middleby Corporation, Heat and Control, Inc., Alfa Laval, TNA Pvt Ltd., Bucher Industries, Equipamientos Cárnicos, S.L, Clextral, SPX FLOW, Bigtem Makine, FENCO Food Machinery, Krones Group, Finis Food Processing Equipme and others.
Recent Developments
In October 2021, Gea launched its new Xtru Twin 140 extruder completing its range of high-capacity output equipment. The Gea Xtru twin extruders offered the flexibility to produce a wide range of products, including cereal-based snack pellets die-cut, 2D, 3D, multilayers, square shape, punched and direct expanded; breakfast cereals; dry pet food; and any other extruded food product. The latest Xtru Twin 140 had a production capacity of over 3 tons of pellets and 10 tons of pet food kibbles an hour.
In 2021 June, SPX FLOW has launched New APV Pilot 4T Homogenizer equipment which would allow customers to test a wide variety of recipes in a single compact unit. This product would help food & beverage producers. APV helped homogenize immiscible liquid into an emulsion.
In October 2021, Alfa Laval acquired LiftUP located in Norway. This acquisition helped strengthen Alfa Laval's aquaculture portfolio.
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Food and Beverage Processing Equipment market Segmentation:
Based on the industrial chain, this report mainly indicates the definition, types, applications and major players of Food and Beverage Processing Equipment market in details.
Food and Beverage Processing Equipment Market by Type, 2020-2029, (USD Millions, Thousand Units)
Pre-Processing
Sorting & Grading
Cutting, Peeling, Grinding, Slicing, And Washing
Mixing & Blending
Processing
Forming
Extruding
Coating
Drying, Cooling, And Freezing
Thermal
Homogenization
Filtration
Pressing
Food and Beverage Processing Equipment Market by Form, 2020-2029, (USD Millions, Thousand Units)
Solid
Liquid
Semi-Solid
Food and Beverage Processing Equipment Market by Mode of Operation, 2020-2029, (USD Millions, Thousand Units)
Automatic
Semi-Automatic
Food and Beverage Processing Equipment market Regional Analysis:
Food and Beverage Processing Equipment market research targets on volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market analysed on historical data and future growth Aspects. Geographically, Food and Beverage Processing Equipment market report focuses on following key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
Asia Pacific will account for the largest revenue share at 37.21% in 2020 and is anticipated to witness the fastest growth during the forecast period. Due to the large number of players in the Chinese market, product innovation and strategic alliances have become the success factors for Chinese players. New product innovation, development, and introduction of advanced technology provide lucrative opportunities for food manufacturers, thereby accelerating market growth in recent years.
The United States is one of her most urbanized countries, with about 80% of the population living in urban areas. This is influencing food preferences and boosting the growth of the food processing industry. However, being a mature market, product demand is expected to grow at a slower pace during the forecast period.
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Growth Market Overview:
Digital transformation of Food and Beverage Processing Equipment industry verticals requires broadband services, thereby promoting growth. For instance, increasing online commerce for retail goods and services, digitalization of hospital records, e-government initiatives, and rapidly rising platforms for media and entertainment content are notably augmenting the market growth. Wireless technology holds immense potential in accelerating the global digital revolution across verticals through productivity enhancements and cost-effectiveness.
Top Change Bringing Technologies
Industrial Internet of Things
Artificial Intelligence
Just in Time
Smart Packaging
Additive Manufacturing
Predictive Maintenance
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