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Food and Beverages | Wednesday, January 12, 2022
From the year 2019 to 2027, the global food processing equipment market is expected to grow and inherit advantages like durability, cleanliness, preservation, and quality control.
FREMONT CA: Increased demand for poultry and meat coupled with an increased consumption of processed foods, are expected to drive the worldwide food processing equipment market throughout the forecast period of 2019 and 2027. The market is growing as a result of rising per capita disposable income and population expansion. The equipment is widely utilized in a range of industries, including cereals, fish and poultry, dairy, meat, and bakery, due to their inherent advantages such as durability, quality control, cleanliness, and preservation. It is widely used in end-use industries, especially in Asia Pacific, where booming domestic manufacturing and rising consumer income levels are driving industry innovation.
Manufacturers of large food processing equipment provide a fantastic return on investment by contributing to industry-first technologies which also improves production efficiency. Therefore, in order to reduce lifetime costs and guarantee consistent operations, end users are regularly investing in cutting-edge technologies such as Iot, 5g and automation. Henceforth, the equipment that produces high-quality items and improves food flavor are in high demand. By the end of 2027, the market is estimated to be worth about US$ 80 Billion, according to the TMR report on the global food processing equipment market.
Asia Pacific is expected to observe rapid growth in the global food processing equipment market on account of noteworthy development in the food production sector and the arrival of global food processing companies in progressing nations such as China, India, Philippines, and many other Asian countries. The demand for food processing equipment in North America and Europe is estimated to rise in the future due to the upsurge of processed food consumption and subsistence of various regional players. For food processing equipment, Canada, Russia, US, France, Germany, are contemplated to be important markets from 2019 to 2027.