Food Processing Machine Market Will Witness $93,737.1 Million

Food processing machinery market

According to a new report published by Allied Market Research, titled ‘Food Processing Machinery Market by Type, Application, Mode of Operation, and Region: Global Opportunity Analysis and Industry Forecast, 2022-2031’, the global food authenticity market was valued at 61,249 million dollars in 2020, and is expected to reach $93,737.1 million in 2031, registering a CAGR of 3.9% from 2022 to 2031.

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Consumption of processed foods has skyrocketed in recent decades around the world. The growth of the world population makes an important contribution to this growth. According to the United Nations Department of Economic and Social Affairs, the world population was 7.3 billion in 2015 and is expected to reach 9.7 billion by 2050. As a result, consumers in metropolitan regions have access to a significantly wider range of food options and greater food availability than those in rural areas. This urbanization trend contributes significantly to higher living standards and salaries, which in turn has a stronger impact on the affordability of processed food products. Such development will boost the food processing machinery market over the forecast period.

Due to the rapid change in the lifestyle of people around the world, the demand for processed food has increased dramatically. As a result, food processing companies have upgraded their machines to provide high throughput to meet increased demand. Furthermore, manufacturers have prioritized consumer needs while adhering to global quality standards. Furthermore, the market is driven by an increase in food processing machinery market opportunities, expanding the market globally.

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The food processing machinery market analysis is segmented on the basis of type, application, mode of operation and region. Based on the type, it is classified into dosing machines, extruders, mixers, cooling, slicing and dicing machines and others (slicing machines, dosing machines and ovens). By application, it is divided into bakery and confectionery, meat, poultry and seafood, dairy, beverages and other (grains, fruits and nuts and vegetables). Based on the operation mode, it is divided into semi-automatic and fully automatic. By region, it is analyzed in North America, Europe, Asia Pacific and LAMEA.

The food processing machinery market forecast based on type is divided into dosing machines, extruders, mixers, cooling, slicing and dicing machines and others (slicing machines, dosing machines and ovens). Deposit machines increase efficiency and reduce operating costs in a food production plant. by enabling continuous processing and more accurate product packaging, such benefits made this segment the largest segment during the forecast period.

Based on application, the food processing machinery market is divided into bakery and confectionery, meat, poultry and seafood, dairy, beverages and others (grain, fruits and nuts and vegetables). Meat, poultry and maritime products are forecast to grow the fastest during the forecast period. People’s changing lifestyles, increased preference for nutritious foods and increased understanding of the health benefits of maritime goods have driven demand for meat, poultry and seafood.

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𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁:

The food processing machinery segment is expected to dominate the food processing machinery market over the forecast period, accounting for a 22.21% share in terms of revenue in 2020. Moreover, the extrusion machinery segment is expected to witness higher growth compared to others.

In 2020, the meat, poultry and seafood segment dominated the market with a two-fifths market share in terms of sales, reflecting higher meat consumption in developed countries compared to dairy and other food products. According to the Food and Agriculture Organization (FAO), meat consumption has increased by 5%-6% annually, compared to 3.45-3.8% for milk and dairy products in the period 2015-2020.

Europe and North America together accounted for more than half of the market share in 2020, in terms of revenue. Europe dominated the market, thanks to the increase in demand for food processing machinery and high machine production in Germany in 2020. Asia Pacific is expected to be the highest growing region during the forecast period.

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● Anko Food Machine Co. Ltd.
● Atlas Pacific Engineering Co. Inc.
● Berkshire Hathaway Inc.
● Bucher Industries
● Mallet & Co. Inc.
● Nichimo Co. Ltd.
● SPX Corp.
● Ziemann International GmbH
● AFE Group Ltd.
● Bean (John) Technologies Corp.
● BMA Group
● Heat and Control Inc.
● Hosokawa Micron Corp.
●Meyer Industries Inc.

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● Europe is expected to lead the market during the forecast period, followed by Asia Pacific.

● The extrusion machines segment is expected to show the highest growth rate, with a CAGR of 5.9% between 2022 and 2031.

● The bakery and confectionery segment is expected to grow at 5.1% during the forecast period.

● Germany accounted for a 26.45% share in terms of turnover in the European market in 2020.

● India is expected to grow at the highest CAGR of 5.8%.

Read more:

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🔹Pork Jerky Market- https://www.openpr.com/news/3485611/pork-jerky-market-to-generate-1-4-billion-by-2031

🔹Nutritional Analysis Market- https://www.einpresswire.com/article/709198945/nutritional-analysis-market-to-cross-8-2-bn-by-2031

🔹Coffee franchise market- https://www.openpr.com/news/3484864/coffee-franchise-market-to-reach-200-3-billion-by-2031-at-8-3

🔹Birch Water Market- https://www.einpresswire.com/article/709214863/birch-water-market-to-hit-2-4-bn-by-2031-grows-at-a-cagr-of-7-2

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Allied Market Research (AMR) is a full-service market research and business advisory division of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global corporations as well as medium and small businesses with unparalleled quality of ‘Market Research Reports’ and ‘Business Intelligence Solutions’. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization towards delivering high-quality data and insights. We maintain professional business relationships with various companies and this helps us in mining market data that helps us generate accurate research data tables and confirm the utmost accuracy of our market forecasts. All data presented in the reports published by us is obtained through primary interviews with top executives of leading companies in the concerned domain. Our secondary data sourcing methodology includes in-depth online and offline research and discussion with expert industry professionals and analysts.

This release was published on openPR.