Global Hot Food Processing Equipment Market Outlook - Estimated Market Size, Revenue Trends And Drivers 2024-2033 | GEA Group Aktiengesellschaft, Bühler AG, The Middleby Corporation, JBT Corporation, Heat and Control Inc

The Business Research Company presents an extensive market research report on the ""Hot Food Processing Equipment Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Hot Food Processing Equipment industry. This report on Hot Food Processing Equipment market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The hot food processing equipment market size has grown strongly in recent years. It will grow from $24.14 billion in 2023 to $26.42 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased consumer demand for convenient and ready-to-eat foods, growth in the foodservice industry and quick service restaurants (QSRs), expansion of commercial kitchen and food production facilities, need for efficient and high-volume food production capabilities, rise in preference for processed and value-added food products.
The hot food processing equipment market size is expected to see strong growth in the next few years. It will grow to $37.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.

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Key Market Players:

GEA Group Aktiengesellschaft, Bühler AG, The Middleby Corporation, JBT Corporation, Heat and Control Inc are prominent players in the Hot Food Processing Equipment industry.

Market Drivers:

According to the Hot Food Processing Equipment Market Report 2024 by The Business Research Company, Rising demand for fast food and packaged food is expected to propel the growth of the hot food processing equipment market going forward. Fast-food and packaged foods are types of foods that save time in food acquisition, preparation, and preparation and are ready-to-eat foods from grocery stores. Hot food processing equipment is used to handle, cook, prepare, store, and package food and food products. For instance, according to the Press Information Bureau, a nodal agency of the Government of India, India exported more than $2.14 billion worth of final food products in 2020-21. The export of products under the ready-to-eat (RTE), ready-to-cook (RTC) and ready-to-serve (RTS) categories rose by more than 23% to $1011 million from April to October (2021-22), compared to $800 million reported in April to October (2020-21). Therefore, the rise in demand for fast food and packaged food is driving the hot food processing equipment market.

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Market segments for Hot Food Processing Equipment include:
1)By Type: Baking Equipment, Evaporation Equipment, Pasteurization Equipment, Dehydration Equipment, Roasting and Grilling Equipment, Frying Equipment, Sterilization Equipment, Blanching Equipment, Other Types
2)By Mode of Operation: Automatic, Semi-Automatic, Manual
3)By End-User: Food Processing Industries, Food Service Industry, Household

The report answers the following questions:

What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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