ALBANY, New York, July 1, 2020 /PRNewswire/ -- The escalating demand for heating and cooling systems that eliminate enzymes or microorganisms that cause spoilage are gaining traction. Thus, producers of food processing equipment are focusing on efficacy in heat processing machines to enhance the shelf life of bakery products. Other factors like rapid urbanization, preference for processed food consumption, and rising disposable income are playing an important role in building the foundation of growth for the food processing equipment market.
A considerable rise in the number of small and medium-scale processing industries due to various government policies for the growth of MSMEs will further heighten the growth prospects of the food processing equipment market.
Transparency Market Research, after a thorough analysis and research of the overall market scenario by skilled experts, predicts a CAGR of ~5% across the forecast period of 2019-2027. The TMR experts also estimate that the global food processing equipment market will climb the valuation peak of ~US$ 80 bn by the end of 2027.
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Food Processing Equipment Market through the Lens of TMR Experts
TMR analysts state that "Apart from heating and cooling systems, manufacturers are increasing the availability of auxiliary equipment such as utility and measurement and control equipment. Oil management is another key driver contributing to the growth of the food processing equipment market." This opinion highlights the growing use of food processing equipment in other applications.
They also affirmed that in a developing economy such as India, which is one of the rapidly growing economies in Asia Pacific, is challenged with the lack of trained/skilled laborers in the food processing sector. Hence, companies and governments should increase efforts to build a robust food processing infrastructure that benefits the vast labor class in India."
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Food Processing Equipment Market: Key Facts And Figures
Uncover 286 pages of intelligent research, current market scenario, and extensive geographical projections. Gain insights on Food Processing Equipment Market (Equipment Type - Thermal Equipment, Depositors, Extruding Machines, Mixers, Refrigeration, Slicers and Dicers, Others; Food Type - Processed, Unprocessed; Application - Dairy Sector, Fruits and Vegetables, Meat and Poultry Processing, Fisheries, Bakery and Confectionery, Other Application; Operation- Semi-Automatic, Automatic) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/food-processing-equipment-market.html
Food Processing Equipment Market: Growth Multipliers
Analyze Food Processing Equipment Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Food Processing Equipment Market: Competitive Outlook
The offering of innovative solutions by key players for improving the efficiency of food processing equipment is assisting the growth of the food processing equipment market. Mergers, acquisitions, joint ventures, collaborations, and partnerships form an important part of the growth of the food processing equipment market. Key players engage in these activities for strengthening their foothold in the food processing equipment market.
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The global food processing equipment market is segmented based on the following parameters:
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