Food Processing Machinery - China topped the market by manufacturing the highest volume of food processing machinery
According to a new market report published by Stratistics MRC the Food Processing Machinery Market accounted for $53.22 billion in 2015 and is expected to reach $92.51 billion by 2022 growing at a CAGR of 8.2% from 2015 to 2022. Increasing disposable incomes and growing awareness about processed food are the forcers fueling the market growth. Factors such as the strict regulations towards safety standards, complex process in production, increasing varieties, utmost importance on quality are supporting the need for automation.
The global Food Processing Machinery Market is segmented by Processing Type into Meat/Poultry Processing, Beverage Processing, Dairy & Milk Processing, Fruit and Vegetable Processing, Chocolate & Confectionery Processing, Bakery and Other Processing Type. The Meat/Poultry Segment presently command the market and accounts for a market share of more than 28% during the forecast period. The demand for meat processing machinery is driven by the increased consumption of processed foods, including protein-rich meat products, and growing concerns pertaining to food safety.
Browse the full report at "Global Food Processing Machinery Market Outlook".
This report also covers trends driving each segment and offers analysis by geography, with key regions such as North America, Europe, Asia Pacific and Rest of the World. North America commanded the largest market revenue. Asia Pacific food processing machinery market has acquired the leading position among all the regional markets. Market is projected to maintain its dominance on account of the robust presence of China in the global market. China topped the market by manufacturing the highest volume of food processing machinery in 2011. Owing to the rapid development of the food processing industry, China is also expected to witness high demand for food processing machinery, which in turn is projected to drive the Asia Pacific market extensively.
Some of the key players in the market include Spx Corp., Bean (John) Technologies Corp., Hosokawa Micron Corp., Tomra Systems, Anko Food Machine Co. Ltd., Meyer Industries Inc., Atlas Pacific Engineering Co. Inc., Heat and Control Inc., Ziemann International, Mallet & Co. Inc., Satake Corp., AFE Group Ltd., Bucher Industries, Berkshire Hathaway Inc., Nichimo Co. Ltd., and BMA Group.
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