Global Food Product Machinery Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Food Product Machinery Market Report by The Business Research Company covers food product machinery market drivers and restraints, food product machinery market size, major players, and the impact of COVID-19 on the food product machinery market.
The food product machinery market consists of sales of food product machinery by entities (organizations, sole traders and partnerships) that produce equipment such as dairy product plant machinery and equipment, bakery machinery and equipment, meat and poultry processing and preparation machinery, and other commercial food production machinery.
The food product machinery manufacturing market growth is aided by stable economic growth forecasted in many developed and developing countries. The global food product machinery market is expected to grow from $34.79 billion in 2020 to $36.53 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $49.89 billion in 2025 at a CAGR of 8%.
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Some food product machinery market trends include manufacturers offering high-performance continuous baking ovens to improve production efficiency and consistency in quality. Unlike batch ovens, continuous baking ovens allow cooking or baking process on a continuous line thus providing consistency in the operation. These ovens can be used for high-temperature cooking, impingement, convection, super-heated vapor, and linear or spiral cooking. Continuous baking ovens provide faster bake times and throughput, precise control, improved consistency in quality, and minimal product waste compared to traditional batch ovens. In addition, continuous baking reduces labor costs and saves energy by up to 15%.
Global food product machinery market segments include:
1) By Type: Dairy Product Plant Machinery And Equipment, Bakery Machinery And Equipment, Meat And Poultry Processing And Preparation Machinery, Other Commercial Food Products Machinery.
2) By Product: Depositors, Extruding Machines, Mixers, Refrigerators, Slicers & Dicers, Others.
3) By Capacity: Small, Medium, Large.
4) By Operation: Autonomous, Semi-Autonomous, Manual.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Western Europe is the largest region in the global food product machinery market, accounting for 43% of the market.
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The Food Product Machinery Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides food product machinery market overviews, analyses and forecasts market size, share, food product machinery market players, food product machinery market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The food product machinery market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Food Product Machinery Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Tetra Laval International S A, Buhler AG, GEA Group, Krones AG, John Bean Technologies.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Food Product Machinery Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Food Product Machinery Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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