Food Processing Market to grow rapidly at a CAGR of 11.82% from USD 163.79 Billion in 2022 to USD 400.43 Billion by 2030
Research Reports
Mar 21, 2023
Food Processing Market Insights
According to MRFR The global Food Processing market industry is expected to register a CAGR of 11.82% during the forecast period 2023 – 2030 hold a value of over USD 163.79 Billion in 2022 to USD 400.43 Billion by 2030
The food processing market refers to the industry that is involved in transforming raw agricultural products, such as fruits, vegetables, grains, and livestock, into food products that are safe, nutritious, and have a longer shelf life. This includes various stages of processing, such as cleaning, sorting, peeling, cutting, preserving, and packaging. The food processing industry plays a crucial role in the food supply chain, as it helps to increase the availability and accessibility of food products, while also ensuring food safety and quality. The market includes a wide range of players, from small artisanal producers to large multinational corporations, and covers various food categories such as dairy, bakery, confectionery, meat and poultry, and beverages, among others.Covid-19 Pandemic some of the ways in which it has affected the industry-Disruptions in the Supply Chain, Changes in Consumer Demand, Increased Regulatory Scrutiny, Shifts in Export Markets drivers factors includes Growing Demand for Convenience and Ready-to-Eat Foods, Rising Population and Urbanization, Technological Advancements, Increasing Health and Wellness Consciousness restraints includes High Cost of Equipment and Machinery, Stringent Regulations and Safety Standards, Seasonal and Weather-Related Fluctuations, Concerns About Health and Environmental Impacts
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Segmentation
The food processing market is categorized by equipment type into cleaning, sorting, & grading equipment, cutting, peeling & grinding equipment, mixers & blenders, extrusion equipment, thermal equipment, homogenizers, and other equipment. Based on category, the market is segmented into semi-automated and fully automated. The market is also classified on the basis of application into Bakery & Confectionery, Dairy Products, Meat, Poultry, & Seafood Products, Fruit & Vegetable, Beverages and others.
Regional Analysis
North America is a major market for food processing, driven by the increasing demand for convenience foods and the growing popularity of plant-based and organic food products. The United States is the largest market for food processing in North America, with a large number of multinational food processing companies headquartered in the country. Asia-Pacific is a rapidly growing market for food processing, driven by the increasing population, rising disposable incomes, and changing consumer preferences for convenience foods.
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Key Players
some of the key companies include Marel, GEA Group AG, The Bühler Holding AG, JBT Corporation, Alfa Laval AB, TNA Solution Pty Ltd., Bucher Industries AG, Clextral S.A.S, SPX Flow, Bigtem Makine A.S., FENCO Food Machinery s.r.l., Krones AG, and Paul Mueller Company.
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Food Processor Market Information- by type (full-sized food processor, slicer/choppers, grinder, blender, hand-operated, mini food processor, and others), by technology (batch bowl, continuous feed, bowl and continuous feed, buffalo choppers, and others), by application (dairy processing, meat/poultry processing, beverage processing, bakery, fruit and vegetable processing, and others) and by Region Forecast to 2030
Bakery Products Market Research Report Information By Product Type (Breads, Cakes & Pastries, Cookies & Biscuits, Bagels, Donuts, Pizza & Pizza Crust, Pies & Tarts, and Brownies), By Category (Fresh and Frozen), By Distribution Channel (Food Retail, and Food Service), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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