Food Processing & Handling Equipment Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period.
The global Food Processing & Handling Equipment Market size is projected to reach a CAGR of 6.2% from 2023-2030.
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Food processing and handling machines and systems used to cook, handle, prepare, package, and store food products are referred to as equipment. Food processing and handling equipment are designed primarily for palatability, but it also performs auxiliary functions such as preparation, handling, and packaging. These machines are increasingly being used to create food product applications.
The food Processing and handling Equipment Market size is mainly driven by consumers changing habits, tastes, and preferences in food, large customer base, change in lifestyle of consumers, easy availability of raw materials and need for broader options of food items. The demand for increasing packaged food in developing countries also drives the market. A rise in the disposable income of the customers and increased availability of dairy products will boost the food processing and handling equipment market size.
Delvens Industry Expert's Standpoint
The versatility of the equipment enables it to be utilized for a multitude of tasks such as cooking, handling, preparing, packaging, and storing. It is a market that is heavily influenced by the consumers themselves as their preferences, habits, and tastes directly affect it. The market size for food processing and handling equipment is predicted to experience significant growth due to the rise in disposable income of the consumers as well as the increased availability of dairy products. This is an excellent opportunity for manufacturers of these types of equipment to offer a diverse range of products and services to meet the growing demands of the market.
Competitive Landscape:
· BAADER Group
· GEA Group Aktiengesellschaft
· Bühler AG
· Marel
· Tetra Laval International S.A.
· Alfa Laval
· Krones AG
· The Middleby Corporation
· JBT Corporation
· SPX Flow Inc.
· LEHUI
· Robert Bosch
· IMA Group
· Multivac
· Tetra Laval
· Dover Corp.
· ALI Group S.R.L
· Electrolux
· Hoshizaki
· Global Bakery Solutions
· Sealtech Engineers
· Dairy Tech India
· Align Industry
· Wootzano Ltd. and More
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Key Findings:
Food Processing and handling Equipment Market size is mainly driven by consumers changing habits, tastes, and preferences in food, large customer base, change in lifestyle of consumers, easy availability of raw materials, and need for broader options of food items.
The type segment is further fragmented into Food Processing Equipment, Food Service Equipment, and Food Packaging Equipment. The Food Processing Equipment segment registered the highest CAGR and is anticipated to dominate the market during the forecast period.
The end-product form segment is further segmented into Solid, Liquid, and Semi-solid. The solid segment registered the highest CAGR and is anticipated to dominate the market during the forecast period due to the rising consumption of solid food products, such as bread, processed meat, and processed vegetables, in regular diets.
Recent Developments
In November 2021, JBT Corporation acquired Urtasun Tecnología Alimentaria S.L. provides solutions for fruit and vegetable processing. This acquisition expanded the existing product offering of JBT in the fruits and vegetable processing domain. This would increase its market presence in the packaged and frozen market sectors.
In September 2021, the Middleby Corporation company (US) acquired Imperial commercial cooking equipment company (US), a manufacturer of a range of fryers, ovens, and countertop equipment.
Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for Food Processing & Handling Equipment Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for Food Processing & Handling Equipment Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirements.
Key Features of Global Market Report:
· Analyze competitive developments like expansions, deployments, new product launches, and acquisitions.
· Identify growth opportunities for stakeholders by pinpointing high-growth segments.
· Study global industries status and forecast, focusing on key regions.
· Conduct an in-depth analysis of product segments and applications, offering strategic recommendations for competitive advantage.
· Provide a comprehensive analysis of key regions, including SWOT and Porter's Five Forces analyses.
· Assist in making strategic business decisions and investment plans.
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