Food Processing Machinery Market Insights and Sales Trends 2024

The global Food Processing Machinery market size is expected to reach US$ 82960 million by 2029, growing at a CAGR of 5.5% from 2023 to 2029.

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Food processing machinery is a complex and multi-dimensional market encompassing all the machinery and equipment used in commercial food production and packaging. The scale of the market can be imagined with respect to the everreasing food products. The market is sensitive to several factors such as the type of food produced and the processing method employed.

The market is mainly driven by the significant applications of Food Processing Machinery in various end use industries. The expanding demands from the Household and Commercial, are propelling Food Processing Machinery market. Industrial Bakery, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Meat Processing Equipment segment is estimated at % CAGR for the next seven-year period.

The consistently rising demand and consumption of processed foods is a key driver for the market. Despite being a universal phenomenonthis demand is more specific to the developing world. The recent economic success andreasing market openness to foreign goods has radically changed the food processing sector in countries such as India and China. One important consequence of this is the rise in consumption of meat. Meat processing equipment are one of the fastest growing segmentespecially in developing countries.

By Company
Anko Food Machine
Buhler
GEA
Krones
Tetra Laval

By Type
Industrial Bakery
Meat Processing Equipment
Beverage Processing Equipment

By Application
Industrial Bakery
Meat Processing Equipment
Beverage Processing Equipment

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This release was published on openPR.