July 02, 2020
As per the report titled ‘Global Food Processing Solutions Market: Analysis By Processing Equipment, Product Type, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global food processing market was worth USD 58,250.45 million in the year 2019, and is expected to register substantial growth over 2020-2025.
Increasing population of emerging economies such as Indian and China are catalyzing popularity of ready-to-eat food options suitable to their urban lifestyle, which is expected to fuel the growth of global food processing solutions market.
Based on product terrain, meat, poultry and sea food segment accounts for the largest market share due to escalating awareness about animal protein rich diet, rising demand for processed and convenience goods, automated technology in poultry processing, and rising concerns about health and changing lifestyle.
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Based on regional landscape, APAC region is anticipated to hold largest fragment of the market owing to increasing demand of processed food products in emerging economies like India, China, Thailand and Indonesia, and increasing investments by leading manufacturers. Also, increasing demand for food and beverages due to increasing urbanization, growing population, rising health awareness, and high per capita income are excepted to further propel the market growth in APAC.
Middleby Corp, Marel, Tetra Laval, Buhler Group, JBT Corporation, Meyn, GEA Group, Krones, SPX Flow, and Bucher Industries AG are the leading contenders in global food processing solutions market.