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Food Vacuum Machine Market Size, Scope Analysis, Key Insights, Leading Key Players, And Forecast To 2033
Food Vacuum Machine Market Trends
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According to The Business Research Company's, The food vacuum machine market size has grown strongly in recent years. It will grow from $15.12 billion in 2023 to $16.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to food preservation needs, rise in convenience foods, expansion of food retail, prevention of oxidation and spoilage, stringent food safety regulations, demand for extended shelf life, reduction of food waste.
The food vacuum machine market size is expected to see strong growth in the next few years. It will grow to $21.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to consumer demand for freshness, increased focus on sustainable packaging, expansion of ready-to-eat market, innovations in machine design, demand for portability and compact machines. Major trends in the forecast period include food preservation technologies, innovation in machine design and features, integration of smart technologies, customized packaging solutions.
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Market Drivers and Trends:
The increasing demand for fresh and organic food products is expected to propel the growth of the food vacuum machine market going forward. Fresh and organic food products refer to agricultural and food items that are cultivated, produced, and processed without the use of synthetic pesticides, herbicides, genetically modified organisms (GMOs), or other artificial additives. Food vacuum machines can offer enhanced quality, shelf life, and overall freshness, help preserve the nutritional content, prevent freezer burn, and enhance the flavor of fresh and organic foods. For instance, in May 2023, according to Organic Trade Associations (OTA), a US-based trade organization, in 2022, sales of organic food in the US reached $60 billion for the first time. Therefore, the increasing demand for fresh and organic food products is driving the growth of the food vacuum machine market .
Technological innovation is a key trend in the food vacuum machine market. Companies are focusing on innovation to achieve efficiency and meet consumer demand. For instance, in December 2022, MULTIVAC, a Germany-based packaging solutions company for food, life science, & healthcare products as well as industrial items, launched the SFP Light steam flushing system. The new SFP Light steam flushing technology is expected to make it possible to immediately vacuum-pack hot food without first cooling it, in an effort to conserve energy and lengthen the shelf life of the finished product. SFP Light steam flushing technology intends to assist caterers and chefs in vacuum packing hot food without having to wait for it to cool down or waste time and energy on active cooling.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Ulma Packaging S.A.R.L., Proseal Group, Multivac Group, Electrolux Professional AB, Henkelman GmbH & Co. KG, Henkovac International BV, PromarksVac Corp., Sammic SL, Technopack Corporation, Sipromac, Webomatic Maschinenfabrik GmbH, Bizerba SE & Co. KG, Dadaux SAS, Metos Instruments Pvt. Ltd., Ridat Company, Reiser Maschinenfabrik GmbH, Accu-Seal Corporation, AmeriVacS, Ary VacMaster Inc., Boss Vakuumverpackungstechnik GmbH, Busch LLC, CVP Systems Inc., Dixie Vac Services, Elmo Rietschle GmbH, Duravant LLC, Fuji Impulse Co. Ltd., GEA Group AG, Hefei Chunhui Machinery Manufacturing Co. Ltd., HFM Packaging Machinery Co. Ltd., China National Packaging Machinery Corporation, Ishida Co. Ltd., JBT Corporation, Komet Maschinenfabrik GmbH
Food Vacuum Machine Market 2024 Key Insights:
• The food vacuum machine market size is expected to see strong growth in the next few years. It will grow to $21.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
• Ready-To-Eat Food Boom Fueling Growth In The Food Vacuum Machine Market
• Innovative Advancements In The Food Vacuum Machine Market
• Asia-Pacific was the largest region in the food vacuum machine market in 2023
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