Press release
Food Processing & Handling Equipment Market 2023-2030: Global Analysis by Type, Application, End-Product Form, Region and Competitive Landscape
According to a new report published by Delvens, titled, "Food Processing & Handling Equipment Market by Type (Food Processing, Food Service, Food Packaging), Application (Meat & Poultry, Bakery & Confectionery, Alcoholic, Non-alcoholic Beverages, Dairy), End-product Form, and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)", the Global Food Processing & Handling Equipment Market size is projected to reach a CAGR of 6.2% from 2023-2030.Top Players covered in Food Processing & Handling Equipment Market report: BAADER Group, GEA Group Aktiengesellschaft, Bühler AG, Marel, Tetra Laval International S.A., Alfa Laval, Krones AG, The Middleby Corporation, JBT Corporation, SPX Flow Inc., LEHUI, Robert Bosch, IMA Group, Multivac, Tetra Laval, Dover Corp., ALI Group S.R.L, Electrolux, Hoshizaki, Global Bakery Solutions, Sealtech Engineers, Dairy Tech India, Align Industry, Wootzano Ltd., and Others.
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Food processing and handling machines and systems used to cook, handle, prepare, package, and store food products are referred to as equipment. Food processing and handling equipment are designed primarily for palatability, but it also performs auxiliary functions such as preparation, handling, and packaging. These machines are increasingly being used to create food product applications.
The food Processing and handling Equipment Market size is mainly driven by consumers changing habits, tastes, and preferences in food, large customer base, change in lifestyle of consumers, easy availability of raw materials and need for broader options of food items. The demand for increasing packaged food in developing countries also drives the market. A rise in the disposable income of the customers and increased availability of dairy products will boost the food processing and handling equipment market size.
The virus has significantly impacted the food processing and handling equipment manufacturing industry, causing production and factory operations to be halted. It all started in China, the global hub for supplying raw materials to companies, and then spread to the entire supply chain for manufacturing companies. Furthermore, the United Nations Conference on Trade and Development (UNCTAD) predicts that global FDI will fall by 5% to 15% as a result of a drop in manufacturing company operations due to factory shutdown. As a result, the COVID-19 outbreak is expected to slow global investment in the food processing equipment manufacturing sector. This scenario has reduced demand for food processing equipment, particularly in 2020.
Recent Developments
In November 2021, JBT Corporation acquired Urtasun Tecnología Alimentaria S.L. provides solutions for fruit and vegetable processing. This acquisition expanded the existing product offering of JBT in the fruits and vegetable processing domain. This would increase its market presence in the packaged and frozen market sectors.
In September 2021, the Middleby Corporation company (US) acquired Imperial commercial cooking equipment company (US), a manufacturer of a range of fryers, ovens, and countertop equipment.
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Scope of the Report:
Food Processing & Handling Equipment Market is segmented into various segments such as type, end-product form, application, and region:
Based on type, the Food Processing & Handling Equipment Market is segmented into:
Food Processing Equipment
Food Service Equipment
Food Packaging Equipment
Based on the end-product form, the Food Processing & Handling Equipment Market is segmented into:
Solid
Liquid
Semi-solid
Based on the application, the Food Processing & Handling Equipment Market is segmented into:
Bakery & Confectionery
Meat & Poultry
Fish & Seafood
Dairy Products
Alcoholic Beverages
Non-alcoholic Beverages
Based on region, the Food Processing & Handling Equipment Market is segmented into:
Asia Pacific
North America
Europe
South America
Middle East & Africa
Regional Analysis
Asia Pacific to Dominate the Market
The Asia Pacific market dominated the food processing and handling equipment market during the forecast period. The food industry in the Asia Pacific is gigantic. In the region, product innovations and technological advances have put increasing pressure on quality standards at all levels, with a growing emphasis on food safety, integrity, quality, and nutritional and health impacts.
Growth in the demand for processed foods, and the rapid rise in supermarkets, and retail outlets are some of the positive factors shaping the growth of the food and beverages industry in the region.
Delvens Industry Expert's Standpoint
The versatility of the equipment enables it to be utilized for a multitude of tasks such as cooking, handling, preparing, packaging, and storing. It is a market that is heavily influenced by the consumers themselves as their preferences, habits, and tastes directly affect it. The market size for food processing and handling equipment is predicted to experience significant growth due to the rise in disposable income of the consumers as well as the increased availability of dairy products. This is an excellent opportunity for manufacturers of these types of equipment to offer a diverse range of products and services to meet the growing demands of the market.
Direct Purchase of the Food Processing & Handling Equipment Market Research Report at: https://www.delvens.com/checkout/food-processing-handling-equipment-market-trends-forecast-till-2030
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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