Demand for food processing equipment is driven by escalating demand for highly advanced equipment

Date: 15 April 2020

According to a research report published by Azoth Analytics in March 2020, the Global Food Processing Solutions Market was valued at USD 58250.45 Million in the year 2019. The food processing industry is characterized by intense competition with the most reputed firms performing well by focusing on efficiency in terms of fast processing and distribution. The rapid growth of population in the developing countries like China and India are responsible for ready-to-eat food options that fit the urban life style, which is augmenting the global food processing solutions market value.

The demand for food processing equipment is driven by escalating demand for highly advanced equipment, manufactured using latest technology by restaurateurs coupled with growing awareness among commercial food service providers regarding the availability of latest and updated food equipment. These factors are anticipated to propel the market in the forecast period. The increasing consumer demand for processed food, growing focus on food safety and safety of workers, growing need to increase productivity, increasing focus of food manufacturers to reduce production cost, backed with government support to promote food processing sector are the other key factors which are driving the growth of global food processing solutions market.

APAC region holds the major share for food processing solutions market. Surge in demand for processed quality food across several developed Southeast Asian countries is expected to create lucrative opportunities for the APAC region. Additionally, the demand in the European region is associated with increasing urbanization, a huge base of the population, hectic lifestyles, rising number of nuclear families, increasing proportion of working women, and availability of less time for food preparation.

The food processing sector has become increasingly important as the world’s population has grown and dietary preferences have evolved, reflecting higher incomes and a shift to value-added products. This in turn has boosted demand for equipment and solutions to process, store, package, and cook food.

The increase in sale of chocolate and sugar-free confectionery has driven the growth of bakery and confectionery processing market. Additionally, the demand for other bakery products such as pastries, cakes, and cookies are also quickly growing, which is driving the market value. 

The Azoth Analytics research report on GlobalFood Processing Solutions Market has analysed and segmented the Food Processing Solutions Market by Value (USD Million). The report has  further analysed the Food Processing Solutions Market by Product Type (Meat, Poultry & Sea Food, Bakery & Confectionery, Fruits & Vegetables, Dairy and Others) and by processing Equipment (Pre-Processing Equipment, Processing Equipment). The Global Food Processing Solutions Material Market has been analysed By Region (Americas, Europe, Asia Pacific, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, France, United Kingdom China, Japan, India) for the historical period of 2015-2019 and the forecast period of 2020-2025.