Kenneth Research, in its repository of market research reports, have recently added a report on Food and beverage processing equipment Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Food and beverage processing equipment Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Food and Beverage Processing Equipment Industry was valued at USD 55.6 Billion in the year 2018. Global Food and Beverage Processing Equipment Industry is further estimated to grow at a CAGR of 6.3% from 2019 to reach USD 84.84 Billion by the year 2025. The North America region holds the highest Industry share in 2018 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At a country level, US, China and U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.
The Global Food and Beverage Processing Equipment Industry is divided as By Type, Application, and End product form, Mode of operation and Region. On the basis of Type, the Industry is divided as pre-processing and processing. PVDF membranes are expected to command for the major share of the Industry. This can be attributed to the advantages of PVDF membranes over its counterparts, such as better protein retention, strength, chemical compatibility, and wide applications in western blotting.
On the basis of application, the food & beverage processing equipment Industry is segmented into bakery & confectionery products, meat & poultry, dairy products, non-alcoholic beverages, alcoholic beverages, fish & seafood, and others. The bakery & confectionery products segment accounted for the largest share, followed by meat & poultry segment. Processing equipment such as industrial ovens, molders, formers, mixers, blenders, and cutters form an integral part of bakery and confectionery product manufacturing, and their high demand is mainly due to the highly fragmented bakery & confectionery products Industry and high prevalence and demand for these products in both developed and developing countries.
On the basis of Mode of Operation, the food & beverage processing equipment Industry is segmented into automatic and semi-automatic. The semi-automatic segment accounted for the larger Industry share in 2018. Unlike fully automatic equipment that require high capital investment, semi-automatic equipment enable small- and medium-scale manufacturers to support high yield with consistent quality, without compromising on the production efficiency. On the basis of End-Product form, the solid segment accounted for a larger Industry share, followed by liquid segment. The solid form is providing food manufacturers with easy handling and packaging of end products. The consumption of processed food in the solid form is driven by the fast food and convenience food trend across the globe, with the changing lifestyles in developing and developed countries.
Major market players in Food and Beverage Processing Equipment Industry are Marel, GEA Group, Buhler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Equipamientos Carnicos, Clextral, SPX Flow, and Other 8 more com[anise detailed information provided in the report.
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SWOT analysis of Food and Beverage Processing Equipment Industry
Strength:
Growing demand for processed and convenience food
Weakness:
Rising costs of production due to increasing energy and labor costs
Opportunities:
Emerging markets
Threats:
High Initial Investment and Recurring Cost
Food and Beverage Processing Equipment Industry Segmentation:
Food and Beverage Processing Equipment Industry Overview, By Type
• Pre Processing
• Processing
Food and Beverage Processing Equipment Industry Overview, By Application
• Bakery & Confectionery Products
• Meat & Poultry
• Dairy Products
• Fish & Seafood
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Others
Food and Beverage Processing Equipment Industry Overview, By End Product Form
• Solid
• Liquid
• Semi-Solid
Food and Beverage Processing Equipment Industry Overview, By Mode of Operation
• Semi-automatic
• Automatic
Food and Beverage Processing Equipment Industry Overview, By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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