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Food Processing Machinery Market 2023 - Technology Trends, Share Analysis, Size, Segmentation, And Forecast To 2032
Food Processing Machinery Market Analysis
Food Processing Machinery Market Size, Growth Rate, And Forecast
The global food processing machinery market size is expected to grow from $54.26 billion in 2022 to $57.96 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global food processing machinery market size is expected to reach $73.29 billion in 2027 at a CAGR of 6.0%.
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Food Processing Machinery Market Drivers
Increased demand for processed food is expected to propel the growth of the food processing machinery market. Processed foods refer to any type of food that are not in their natural state and have been subjected to some sort of food processing. This can include foods that have been cooked, canned, frozen, dried, or packaged. These food processing procedures can be carried out using food processing machinery.
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Food Processing Machinery Market Segments
1) By Type: Depositor, Extruding Machines, Mixers, Refrigeration, Slicers And Dicers, Other Types
2) By Mode Of Operation: Semiautomatic, Fully Automatic
3) By Application: Bakery And Confectionery, Meat, Poultry And Seafood, Dairy, Beverages, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the food processing machinery market.
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Food Processing Machinery Market Key Players
Major competitors in the food processing machinery market include Tetra Laval International S.A., SPX Corporation, Nichimo Co Ltd., GEA Group AG, Hosokawa Micron Corp., John Bean Technologies Corporation (JBT).
The Business Research Company's "Global Food Processing Machinery Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Food Processing Machinery Market Include:
1. Executive Summary
2. Food Processing Machinery Market Characteristics
3. Food Processing Machinery Market Trends And Strategies
4. Food Processing Machinery Market - Macro Economic Scenario
5. Food Processing Machinery Market Size And Growth
...
26. Africa Food Processing Machinery Market
27. Food Processing Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Food Processing Machinery Market
29. Food Processing Machinery Market Future Outlook and Potential Analysis
30. Appendix
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