CHICAGO, March 3, 2020 /PRNewswire/ -- According to the new market research report "Food & Beverage Processing Equipment Market by Type (Processing, Pre-Processing), Application (Bakery & Confectionery, Meat & Poultry, Dairy, Alcoholic & Non-Alcoholic Beverages), Mode of Operation, End-Product Form, and Region - Global Forecast to 2023", published by MarketsandMarkets™, the Food & Beverage Processing Equipment Market is estimated at USD 55.43 billion in 2018 and is projected to reach a value of USD 74.44 billion by 2023, at a CAGR of 6.1%. The market is driven by factors such as the rise in demand for meat, poultry, dairy, bakery, and confectionery products; growth in demand for processed and convenience food; increase in focus on production efficiency, processing time, and quality of food products; and rise in demand for innovative food & beverage products due to changing consumer trends.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121668697
The processing equipment segment accounted for the largest share of the food & beverage processing equipment market, by type, in 2017.
On the basis of type, processing equipment accounted for the largest share of the food & beverage processing equipment market in 2017, followed by pre-processing equipment. The rapidly growing bakery product, dairy product, and beverage industries are expected to accelerate the demand for processing equipment for faster and more efficient processing, in order to meet consumer demand. This growth can be seen in emerging regions such as Asia Pacific, where, due to progressive economic growth and improved income levels, people are demanding more packaged food and ready meals. These factors have fueled the growth of this segment.
Browse in-depth TOC on "Food & Beverage Processing Equipment Market"
75 – Tables
47 – Figures
169 – Pages
The bakery & confectionery products accounted for the largest market share in the food & beverage processing equipment market in 2017.
On the basis of application, bakery & confectionery products accounted for the largest market share in 2017. The demand for ultra-processed bakery products is high in developed countries such as the UK, Germany, the US, Canada, and Spain. Processing equipment such as industrial ovens, molders, formers, mixers, blenders, and cutters form an integral part of bakery and confectionery products manufacturing, and their high demand is mainly due to the highly fragmented bakery & confectionery market and high prevalence and demand for these products in both developed and developing countries. These factors have accelerated the growth of this segment.
The semi-automatic segment accounted for the larger market share among the two modes of operation in the food & beverage processing equipment market in 2017.
On the basis of mode of operation, the semi-automatic food & beverage processing equipment accounted for a larger market share. Semi-automatic mode of operation provides manufacturers with a limited capital capacity, a cost-effective solution. A majority of food manufacturers in developing countries such as India, Vietnam, Indonesia, and China utilize semi-automatic equipment. Further, the process consumes less energy compared to fully automated equipment, and there is an availability of labor at lower costs than in developed countries. Due to these factors, the market for the semi-automatic mode of operation of food & beverage processing equipment accounted for the largest share.
Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=121668697
Asia Pacific dominated the food & beverage processing equipment market in 2017.
Asia Pacific accounted for the largest market share in 2017. The application of processing equipment is estimated to increase at a high pace due to the demand from the processed foods industry. The region is expected to experience a sharp rise in the demand for advanced food processing machinery that helps reduce processing time and enhance the efficiency of manufacturing operations. The expected growth in the number of food processing units in this region is further projected to boost the supply and consumption of food & beverage processing equipment. These factors have fueled the growth food & beverage processing equipment market in the Asia Pacific region.
This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes profiles of leading companies such Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT Corporation (US), Alfa Laval (Sweden), TNA Australia Solutions (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L. (Mainca) (Spain), Clextral (France), SPX Flow (US), Bigtem Makine (Turkey), Fenco Food Machinery (Italy), and Krones Group (Germany).
Browse Related Reports:
Fruit & Vegetable Processing Market by Product Type (Fresh, Fresh-cut, Canned, Frozen, Dried & Dehydrated, Convenience), Equipment (Pre-processing, Processing, Washing, Filling, Seasoning, Packaging), Operation, and Region - Global Forecast to 2022
https://www.marketsandmarkets.com/Market-Reports/fruit-vegetable-processing-market-140232885.html
Meat Processing Equipment Market by Type (Cutting, Blending, Tenderizing, Filling, Slicing, Grinding, Smoking), Product Type (Fresh Processed, Raw Cooked, Precooked, Raw Fermented, Cured), Meat Type, Mode of Operation, & Region - Global Forecast to 2026
https://www.marketsandmarkets.com/Market-Reports/meat-processing-equipment-market-1253.html
Browse Adjacent Markets: F & B Processing and Technology Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/food-processing-equipment-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/food-processing-equipment.asp
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO36916&Transmission_Id=202003031145PR_NEWS_USPR_____IO36916&DateId=20200303)
Share this article