NEW YORK, July 4, 2022 /PRNewswire/ -- The food processing machinery market is set to grow by USD 16.15 billion from 2019 to 2024, progressing at a CAGR of 5.58% as per the latest market forecast report. Technavio categorizes the food processing machinery market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the food processing machinery market during the forecast period.
For more highlights on the parent market analysis - Request a sample report.
Food Processing Machinery Market 2020-2024: Scope
Our food processing machinery market report covers the following areas:
Food Processing Machinery Market 2020-2024: Vendor Analysis
The food processing machinery market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Alfa Laval AB, BAADER, Bühler AG, GEA Group Aktiengesellschaft, Illinois Tool Works Inc., John Bean Technologies Corp., KRONES AG, Marel, Tetra Laval International SA, and The Middleby Corp. are some of the major market participants.
For Instance, BAADER - The company offers various food processing machinery and equipment solutions such as Fish processing and Poultry processing.
To know about all major vendor offerings - Click Now!
Food Processing Machinery Market 2020-2024: Market Dynamics
Drivers: The anticipated growth in the global packaged food market, growing investments in the food processing sector in developing economies in APAC & the increased focus on technological innovations will offer immense growth opportunities.
Challenges: The purchase of refurbished machinery and retrofitting of current machinery by the food manufacturer, rising prices of raw materials & high amount of food wastage during processing will challenge the growth of the market participants.
For elaborated information on the market dynamics - Grab a sample now!
Food Processing Machinery Market 2020-2024: Segmentation Analysis
To know about the market contribution of each segment - Request a sample now!
Get ready to achieve excellent business outcomes from this exclusive Food Processing Machinery Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
What is the current trend taking place in the market space?
Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
What are market drivers, restraints, and challenges impacting demand & growth of the market?
Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Food Processing Machinery Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Food Processing Machinery Market Forecast Report - Buy Now!
The plastic processing machinery market share is expected to increase by USD 3.56 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.58%.
The food packaging machinery market size has the potential to grow by USD 4.05 bn from 2020 to 2024, and the market's growth momentum will accelerate during the forecast period.
Food Processing Machinery Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 5.58%
Market growth 2020-2024
USD 16.15 billion
YoY growth (%)
Performing market contribution
APAC at 57%
Leading companies, competitive strategies, consumer engagement scope
Alfa Laval AB, BAADER, Bühler AG, GEA Group Aktiengesellschaft, Illinois Tool Works Inc., John Bean Technologies Corp., KRONES AG, Marel, Tetra Laval International SA, and The Middleby Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table Of Contents :
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Bakery - Market size and forecast 2019-2024
Dairy - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers - Demand led growth
Market positioning of vendors
Alfa Laval AB
GEA Group Aktiengesellschaft
Illinois Tool Works Inc.
John Bean Technologies Corp.
Tetra Laval International SA
The Middleby Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/food-processing-machinery-market-forecast-report-usd-16-15-billion-market-growth-opportunity-by-2024-technavio-301579643.html