The Food Processing and Handling Equipment Market was valued at USD 130.06 billion in 2021 and is projected to grow USD 192.09 billion in 2028, at a CAGR of 5.73%.
Food processing and handling equipment are utilized in industries to process raw food products. The equipment is primarily utilized in seafood rearing, poultry farming, dairy and beverage productions, among other uses. Several industries are highly focused on the adoption of advanced technology such as the Internet of Things (IoT) to improve user experience, reducing the risks associated with food processing, and achieving the highest level of food safety. The I.M.A. Group proposed IoT-based smart services, such as IMA Control Room, Industry 4.0, and others, to have alerts, reports, and 24/7 general support on all your machines.
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The goal of the Food Processing and Handling Equipment Market Report is to provide a complete market segmentation that will give you an overview of the industry. The research provides detailed information on the market's overview and scope, as well as its drivers, restraints, and trends. This report will include both qualitative and quantitative characteristics of the sector in each of the study's regions and countries.
COVID-19 ANALYSIS
The ongoing COVID-19 pandemic induced a slowdown in the food and manufacturing industry, along with the global economy. The food and beverage industries are facing challenges in the production and distribution, due to OVID-19 induced lockdowns, across the globe. During the pandemic, out-of-home consumption came to a standstill, but at-home consumption increased. The rate of increased consumption of food is attributable to Food Processing and Handling Equipment Market demand and growth.
Key players in global Food Processing and Handling Equipment market include:
ALFA LAVAL (Sweden)
Bühler Holding AG (Switzerland)
JBT Corporation (US)
SPX Flow (US)
Robert Bosch (Germany)
IMA Group (Italy)
Multivac (Germany)
Krones Group (Germany)
Tetra Laval International S.A. (Switzerland)
Middleby Corporation (US)
Dover Corporation (US)
Ali Group S.r.l (Italy)
Electrolux (Sweden)
Hoshizaki (Japan)
Global Bakery Solutions (UK)
Sealtech Engineers (India)
Dairy Tech India (India)
Spheretech Packaging India Pvt Ltd (India)
Align Industry (India)
LATEST TREND
Increasing Investment in The Integration of IoT and AI
In the Food Processing and Handling Equipment Industry, rising investment in the integration of IoT and AI technology will drive market growth, during the forecast period. ising investment in research and development activities to develop advanced food handling equipment propels the market growth.
This report examines the impact of the COVID-19 outbreak on the Food Processing and Handling Equipment, including supply chain analysis, impact assessments on the Food Processing and Handling Equipment market size growth rate in various scenarios, and the steps that Food Processing and Handling Equipment companies will take action in response to the pandemic.
The market is also segmented by region in this report: Data is broken down in Chapters 4, 5, 6, 7, and 8.
Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, United Kingdom, Italy, Russia, Middle East & Africa, Egypt, South Africa, Israel, Turkey, and GCC Countries, Middle East & Africa, Egypt, South Africa, Israel, Turkey, and GCC Countries
This research report covers everything from the fundamentals of the Food Processing and Handling Equipment Market to complex systems, classifications, and applications. This research report also presents data in an excellent information graphic to give a comprehensive image of the global market. It also includes a comprehensive overview of the factors that influence market growth.
A complete analysis of the Global Food Processing and Handling Equipment Market's competitive landscape has been provided, as well as company insights, financial status, trending developments, mergers and acquisitions, and SWOT analysis. This study will provide readers with a comprehensive and precise picture of the total market, allowing them to make informed judgments.
Future growth drivers and the competitive landscape are discussed in this report. This will allow market report buyers to have a clear understanding of the essential growth and subsequent market strategy. The market's granular data will support in the monitoring of future profitability and make important growth decisions.
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Objective of Studies:
To give a complete study of the global Food Processing and Handling Equipment market structure, as well as forecasts for the major segments and sub-segments. To give information on the elements that influence market growth. Price analysis, supply chain analysis, Porter's five force analysis, and other aspects will be used to analyse the Food Processing and Handling Equipment market.
To give historical and future revenue for market segments and sub-segments in four major geographies and countries: North America, Europe, Asia, Latin America, and the Rest of the World.
To give a country-level market study in terms of current market size and future prospects.
To give market segmentation by application, product type, and sub-segments at the country level.
To provide strategic profiling of important market participants, a thorough analysis of their core strengths, and a competitive landscape for the market.
To monitor and analyse competitive trends in the global Food Processing and Handling Equipment market, such as joint ventures, strategic alliances, mergers and acquisitions, new product development, and research & development.
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