Food Processing & Handling Equipment - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Food Processing & Handling Equipment Market is accounted for $127.39 billion in 2018 and is expected to reach $248.36 billion by 2027 growing at a CAGR of 7.7% during the forecast period. Rising demand for meat, poultry, bakery, dairy, confectionery products, hygienic food packaging and shift toward convenient food packaging are some of the factors fuelling the market growth. However, increasing the cost of production due to the rise in energy and labour costs and stringent environmental regulations are restricting market growth.
The Food Processing & Handling (FP&H) provides the equipment and solutions to produce, process, and distribute food to billions of households around the globe, and it services a multi-faceted value chain from farming to logistics. The sector has become increasingly important as the world’s population has grown and dietary preferences have demanded everywhere. The reflecting higher disposable incomes and a shift to value-added products, this, in turn, has boosted demand for equipment and handling to process, store, package, and cook food.
Based on application, the bakery & confectionery products segment is estimated to have a lucrative growth due to the condition that market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex bakery products of different shapes and sizes. By Geography, Asia Pacific is likely to have a huge demand due to the presence of key factors such as industrialization, growing middle-class population, rising disposable income, changing lifestyles, and the rising consumption of processing and packaged products.
Some of the key players profiled in the Food Processing & Handling Equipment market include Alfa Laval, Ali Group S.R.L, Buhler AG, Dover Corporation, Electrolux, GEA Group, Hoshizaki, IMA Group, JBT Corporation, Krones Group, Middleby Corporation, Multivac, Robert Bosch, SPX FLOW and Tetra Laval International S.A.
• Food Packaging Equipment
• Food Processing Equipment
• Food Service Equipment
• Alcoholic Beverages
• Bakery & Confectionery Products
• Dairy Products
• Fish & Seafood Products
• Meat & Poultry Products
• Non-Alcoholic Beverages
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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