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Hot Food Processing Equipment Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | GEA Group Aktiengesellschaft, Bühler AG, The Middleby Corporation, JBT Corporation, Heat and Control Inc
Hot Food Processing Equipment Market Size
The Business Research Company offers in-depth market insights through Hot Food Processing Equipment 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 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%. The growth in the forecast period can be attributed to demand for customized and versatile hot food processing solutions, adoption of energy-efficient and eco-friendly processing technologies, integration of automation and robotics for hot food preparation, focus on sustainable packaging and waste reduction in food processing, expansion of specialty and ethnic hot food offerings. Major trends in the forecast period include high-speed cooking and baking technologies, induction cooking and energy-efficient heating, advanced frying and oil management systems, smart and connected cooking equipment, pressure cooking and sous vide techniques.
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Market Segmentation:
The hot food processing includes revenue earned by entities by providing of blanching, pasteurization, sterilization, infrared heater. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Major Driver - The Growth Of Hot Food Processing Equipment Market Driven By Rising Demand For Fast Food And Packaged Food
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.
Competitive Landscape:
Major companies operating in the hot food processing equipment market include GEA Group Aktiengesellschaft, Bühler AG, The Middleby Corporation, JBT Corporation, Heat and Control Inc., SPX Flow Inc., Tetra Laval International S.A., Alfa Laval AB, TNA Australia Pty Limited, Braunschweigische Maschinenbauanstalt AG, Bongard S.A.S, Marlen International Inc, Paul Mueller Company, Nichimo Co.Ltd., Bucher Industries AG, Equipamientos Carnicos S.L., Clextral S.A.S., Bigtem Makine A.S., FENCO Food Machinery s.r.l., Krones Group, Finis Food Processing Equipment B.V., Bettcher Industries Inc., Heat Transfer Sales of the Carolinas Inc., Robert Bosch GmbH, The Vollrath Company LLC, GROTE CO.INC., FMC Corporation, GKS Packaging North America Inc., FPEC Corporation, J.L Souser & Associates Inc.
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Top Trend - Emerging Technological Advancements In The Hot Food Processing Equipment Market
Technological advancement has emerged as the new trend gaining popularity in the hot food processing equipment market. Major companies operating in the hot food processing equipment market are focused on developing new technological solutions such as automated processing, remote maintenance, and others to strengthen their position in the market. For instance, in May 2021, GEA Group, a Germany-based food systems and component company, launched the GEA OptiSlicer 6000, which incorporates a number of technological advancements to slice meat and cheese products more quickly, resulting in increased output and easier maintenance while maintaining ultimate precision. The higher blade capacity and online remote access allow real-time advice and intervention to verify parameters and error messages to rectify faults or optimize machine parameter settings, reducing downtime and maximizing productivity.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hot Food Processing Equipment Market Characteristics
3. Hot Food Processing Equipment Market Trends And Strategies
4. Hot Food Processing Equipment Market - Macro Economic Scenario
5. Hot Food Processing Equipment Market Size And Growth
…..
27. Hot Food Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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