Global Food Preservation Equipment Market Set to Exceed US$ 78.15 Billion by 2033 Driven by Efforts to Combat Food Waste

Recent analysis conducted by Future Market Insights reveals that the global food preservation equipment market is on a dynamic growth path, with expectations to surpass a significant milestone by reaching over US$ 78.15 billion by 2033. This remarkable progress is fueled by strong sales momentum, with a steady Compound Annual Growth Rate (CAGR) of 6.2% anticipated from 2023 to 2033.

A pivotal catalyst driving the global food preservation equipment industry is the increasing focus on mitigating food waste, aligning with the overarching goal of enhancing global food security. This crucial trend has already had a substantial impact and is projected to continue shaping the market's trajectory throughout the forecast period.

In essence, food preservation equipment encompasses a variety of machinery designed to safeguard food products from detrimental effects, including microorganisms, temperature fluctuations, and other environmental factors. The widespread adoption of such equipment offers significant advantages across various industries, including the extension of product shelf life, reduction in waste, and prevention of foodborne illnesses.

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- Catalysts and Lucrative Avenues: Exploring the Food Preservation Equipment Market

In recent times, surging health consciousness and evolving lifestyles have given rise to heightened demand for protein-rich diets like meat and poultry, particularly in countries such as the United States, China, India, and the United Kingdom. This trend is driving the utilization of food preservation equipment across both industrial and domestic settings.

Simultaneously, the development of innovative food preservation equipment, bolstered by enhanced features and favorable governmental support, is poised to open lucrative vistas for manufacturers in the forecast period.

The escalating incidence of foodborne illnesses is another factor expected to positively impact the food preservation equipment market throughout the assessment period.

- Key Insights from the Food Preservation Equipment Market Analysis:

The forecast period spanning 2023 to 2033 is expected to witness the food preservation equipment market surge at a robust CAGR of 6.2%.
In terms of product type, refrigerators hold a substantial share within the global food processing equipment industry.
Within the end-user spectrum, the poultry industry is projected to exhibit healthy growth over the coming decade.
The food preservation equipment market in North America currently holds a valuation of approximately $12.8 billion.
The United States' food preservation equipment market is estimated to be valued at around $8.2 billion.
In India, food preservation equipment sales are poised to witness robust growth throughout the forecast period.
According to a leading analyst at FMI, "Escalating global food insecurity and robust growth in pivotal end-use sectors like poultry, seafood, and dairy are the primary factors fueling the demand for food preservation equipment."

- Leaders in the Arena:

Prominent manufacturers in the food preservation equipment sector encompass Alfa Laval, Wild Goose Canning Systems, Enterprise Tondelli, Vigo Ltd., Dixie Canner Co., Cask Brewing Systems Inc., Palmer-Tech Services, Inc., HOR YANG Machinery, Alpha Brewing Operations, Pneumatic Scale Angelus, Blenzor, Elecster Oyj, and Shanghai Triowin Intelligent Machinery.

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- Get Valuable Insights into Food Preservation Equipment Market

FMI, in its new offering, provides an unbiased analysis of the Food Preservation Equipment market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for Food Preservation Equipment segmented as below:

By Product Type:
Pasteurizer
High-Temperature short time pasteurizer
Higher heat shorter time
Ultra high temperature
Ultra Pasteurized
Refrigerators
Visi Coolers
Walk-in Refrigerators
Freezer
Confectionery Cabinets
Fermenting Equipment
Canning Equipment
Automatic
Semi-automatic
Manual
Irradiation Equipment

By End User:
Poultry Industry
Seafood Industry
Beverage Industry
Snacks Industry
Dairy Products Industry
Health Foods Industry (Whey protein etc.)
Bakery Industry

By Region:
North America
Latin America
Europe
Asia Pacific
Oceania
Middle East and Africa

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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This release was published on openPR.