Strict rules and regulations regarding maintaining the quality of the food have motivated people to eat healthy and natural food. Insight by Source On the basis of source, the market is subdivided into the natural source and synthetic source. Key Market Trends, Growth Factors and Opportunities 4. Market size comprises sales through all retail channels including direct to consumer. The report on the global food processing equipment market offers key insights on the factors hampering and driving the market. Are they really ready to accept what's in their food? Buffalo meat production stands at 1.
But numerous sub-segments do enable more venturesome investors to strategically position their portfolios for outperformance. Key Strategic Moves and Developments 8. Technological advancements have assisted key companies operating in the global food processing machinery market to introduce many new types of machinery and equipment. Sub-Segments Food companies fall into various sub-segments, and painting them all with one broad stroke can lead to surprising deviations from expected performance. Market value and volume comprises sales through all retail channels including direct to consumer. . Zuper is a B2B Software as a Service SaaS offering for organizations, irrespective of shape and size.
Bargaining Power of Suppliers 3. The ever-growing consumer demands have opened up huge investment opportunities for foreign and private entities in the food processing and equipment industry. India is the 2nd largest producer of food in the world, and the food processing sector in the country is expected to double in the next decade. Market Size and Forecast 5. For a competitive analysis, the global market for food processing machinery is segmented on the basis of region. Market Size and Forecast 5.
Similarly, the launch of their organic soup brand. Government expects total processing to grow by 25% of the total produce by 2025. These research reports help the organizations to make quick and powerful decisions that make out highest growth in revenue. Growing pressure on the processing industry due to increasing demand for processed and packaged food products as a result of rising population will contribute to the market expansion. Integration of Internet of Things IoT and smart sensors in food processing equipment are leading to the reduced maintenance costs, remote equipment monitoring, and maintenance.
An article from May 2015, points out why people have turned against processed foods. Moreover, the developed economies have mature market but the demand is fueled by replacement of conventional tools over the advanced technology. Market size and forecast, by application 7. Increased penetration of organized retail is also helping in driving demand for processed food as more individuals are becoming aware of their availability. It has also been decided to provide for a lock-in period of eight years for use of assets in instances where a deduction under Section 35 A of the Income Tax Act has been claimed.
To reduce post-harvest losses of fruits and vegetables, Government plans to set up 500 cold chain projects in the country. Market size and forecast, by type 7. In addition, changing lifestyle, growing tendency of accepting clean labels, working women population, mounting demand for protein and antioxidants products and upsurge in the number of dual-income households are also facilitating the growth of the global food processing ingredients market. Threat of New Entrants 3. The information is not intended to be used as the primary base for investment decisions. Stock Price, historical and current end-of-day data provided by eoddata.
States from the Midwest and Southern regions dominate this list. In addition, enhanced lifestyle, large population base and mounting disposable income are also creating a positive impact on the food processing ingredients market growth in the region. This report includes a wealth of information on. This has made the food industry beneficial for workers. The global food processing machinery market is driven by rise in demand for processed food due to preference of consumers for nutritious, hygienic, and safe food products.
Market size and forecast, by type Chapter: 8. Our expert analysts extensively research the food processing industry of emerging economies of Asia-Pacific. It excludes unpackaged items, desserts, frozen cakes, frozen yoghurts and tofu. After all, all food is made up of chemicals so is the human body , and most food is processed to make it more nutritious, safe, convenient, etc. Right now, this whole country is grappling with pros and cons of transparency. All quotes are in local exchange time.
Companies involved in drink processing, and food packaging and sterilization are adapting to evolving regulations. Food processing in Indian economic context is considered as a sunrise industry. India ranks 5 th in terms of producing, growing, consuming and exporting. India is the largest producer of buffalo meat and the 2nd largest producer of goat meat. Market size and forecast, by application 7. Based on equipment type the market is segmented into thermal equipment, depositors, mixers, extruding machines, slicers and dicers, refrigeration, and others. Below is the production of agricultural products in million Mn tonnes in 2016 and their global ranks.
Key Strategic Moves and Developments 8. If we look at expansion projects, Kentucky is at the top with 89 projects followed by Ohio and Pennsylvania with 83 and 66 projects respectively. There are more than 6000 cold storage facilities in the country, with 95% of them operated by private players. To bridge the gap of demand-supply and to optimize cost of production, supply-chain plays a vital role. As the industry is undergoing rapid expansion, specialized knowledge and targeted research are necessary moving forward. Recent advances in the machine and equipment sector are expected to revolutionize the industry and drive the segment growth.