Industrial Food Processor Market Outlook 2024: Exclusive Report By The Business Research Company | Tetra Pak International S.A., GEA Group AG, Alfa Laval AB, Krones AG, Middleby Corporation

The Business Research Company offers in-depth market insights through Industrial Food Processor Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The industrial food processor market size has grown strongly in recent years. It will grow from $62.96 billion in 2023 to $66.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to demand for processed foods, globalization of food supply, consumer demand for convenience, increased food production, growing demand for frozen food products.

The industrial food processor market size is expected to see strong growth in the next few years. It will grow to $82.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to growing demand for organic food, increasing demand for bakery products, growing demand for meat processing, rising demand for healthy and functional foods, demand for food packaging solutions, demand for food exports. Major trends in the forecast period include smart kitchen integration, plant-based food processing, sustainable packaging solutions, digital transformation, clean label processing, .

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Market Segmentation:
The main types of industrial food processors are cutting and chopping, mixing, chilling and freezing, grinding, baking, frying, ovens and others. Cutting and chopping refer to the action of dividing or severing objects, typically using a sharp implement such as a knife or axe. These are operated in automatic and semi-automatic modes for several applications, such as dairy processing, meat or poultry processing, beverage processing, bakery, fruit and vegetable processing and others.
Industrial Food Processor Global Market Report 2023 provides data on the global industrial food processor market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The industrial food processor market report identifies opportunities and strategies based on market trends and leading competitors' approaches.

Major Driver - Rising Demand For Processed Foods Fuels Growth In The Industrial Food Processor Market
The increasing demand for processed food products is expected to propel the growth of the industrial food processor market going forward. Processed food refers to any raw agricultural products that have undergone any process that modifies their original form, including heating, pasteurization, blanching, cooking, canning, freezing and drying. Convenience foods are a subset of processed foods specifically designed for easy and quick preparation, catering to the modern lifestyle's demand for efficiency. An industrial food processor is utilized to slice rapidly and conveniently, dice, shred, blend and puree practically any food to create a variety of processed foods, including convenience foods. For instance, in July 2023, according to Food and Drinks Malaysia by SIAL Group, a Malaysia-based food and beverage exhibition, the convenience food sector in Malaysia increased by 3.0% in volume in 2023 and is expected to reach 7,829.2 kg by 2027. Further, in Malaysia, the revenue from convenience food amounts to $31.84 billion in 2022, which is expected to increase by 5.49% during 2022-2027. Therefore, the increasing demand for processed food products is driving the growth of the industrial food processor market.

Competitive Landscape:
Major players in the industrial food processor market are Tetra Pak International S.A., GEA Group AG, Alfa Laval AB, Krones AG, Middleby Corporation, Bucher Industries AG, Bühler Holding AG, JBT Corporation, Marel hf, SPX Flow Inc., Tomra Systems ASA, Duravant LLC, Hosokawa Micron International Inc., Heat and Control Inc., Baader Gmbh & Company KG, Schenck Process Holding GmbH, RHEON Automatic Machinery Co. Ltd., Urschel Laboratories Inc., Key Technology Inc., Pacific Food Machinery Ltd., Ishida Co. Ltd., Wenger Manufacturing Inc., Satake Corporation, ProXES GmbH, Risco S.p.A., Anko Food Machine Co. Ltd., Cretel, Food Machinery Australasia Ltd.

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Top Trend - Innovative Double Interlock Mechanism Enhances Safety In Industrial Food Processor Offerings
Major companies operating in the industrial food processor market are increasing their focus on introducing products with double interlock mechanism to maximize their profits in the market. The double interlock mechanism in food processors is a safety feature that ensures the processor will not operate unless the bowl and lid are securely locked in place. For instance, in April 2023, Hobart Corporation, a US-based commercial grocery and food service equipment provider, added the FP300i floor model to its lineup of continuous-feed food processors. This heavy-duty food processor has a base, a stacking feed cylinder and a manual pusher plate for greater adaptability. It can process up to 88 pounds of goods per minute. The FP300i food processor has a double interlock mechanism to ensure operator safety by preventing it from operating when the pusher plate is open or swings away. Additionally, it includes a no-volt release that stops it from turning on if the power goes out.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Industrial Food Processor Market Characteristics
3. Industrial Food Processor Market Trends And Strategies
4. Industrial Food Processor Market - Macro Economic Scenario
5. Industrial Food Processor Market Size And Growth
…..
27. Industrial Food Processor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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