Surging demand across the pharmaceuticals, food & beverage and personal care industries is a key force driving the global food production machinery market. Raw material availability and necessity to offer wide variety of food at a low-cost are a few factors which may spur the global food production machinery market growth. Additionally, evolving lifestyles and technological innovations may positively impact the food production machinery growth in the near future. Further, growing population and frequently changing food preference may lead to upsurge in demand for food. This evolving trend may lead to more investments in the food production machinery market ultimately. Further, technological advancements pertaining to slicing, cutting and grinding in food production equipment, may impel manufacturers to replace their old machines with newer ones for better efficiency. All these factors are expected spur the global food production machinery market growth over the forecast period.
Dietary focus shift towards more value-added foods including meat & chocolate may prompt manufacturers to widen their operations & services and ultimately investing more in food production machinery market. This will further stimulate producers to strive for broader product offerings at a lower cost paired with value-added services. Further, manufacturers from wholly industrialized countries may invest more in novice methods of processing basic products including vegetables, fruits and grains, thus demanding more advanced equipment driving the food production machinery market growth over the next few years. Rapid industrialization in developing countries coupled with increasing consumer disposable income is also expected to drive the food production machinery market in the near future. Rising demand for processed food products may significantly drive sales for food production machinery over the next few years. Further, demographic shifts such as greying of population, acceptance of more convenience/ on-the-go products and rising number of smaller households may favourably impact the food production machinery market growth.
Continuously evolving economies led to the improvement in fixed investment environment, which is also anticipated to encourage food processors to upgrade their machinery. Further, these machineries provide efficiency, distribution facilities, high reliability & efficient service owing to which the demand for food production machinery is expected to upsurge over the next few years. Other factors which may spur market demand include growing food & beverage shipments, new product introduction and rising industrialization producing more non-staple items. However, compliance to stringent government regulations may remain as a major challenge to the food production machinery market. Food production equipments are available in various categories such as roasters, dryers, homogenizers, fryers, separators, feeders, mixers, slicers, grinders, ovens and chillers. Surging demand for these equipments in various industries including dairy, bakery, poultry farm, seafood, chocolate manufacturing, beverage, milk, fruit & vegetables is anticipated to significantly drive the market demand over the next few years. Further, beverage, bakery & chocolate production machinery is expected to witness high growth owing to rising demand for their products. However, sales of meat processing equipments may be fuelled substantially owing to the affordability of these equipments with rising consumer incomes.
The North America and Europe food production machinery market is expected to witness high growth over the forecast period. This may be credited to factors such as growing economy, rising R&D investments and surging awareness about new products. However, Asia Pacific is expected to remain dominant over the next few years owing to the escalating demand for processed food products in China, India, Indonesia and Thailand. Further, diversification of production facilities & capacity to meet consumer demand for more value-added food categories may favourably impact food production machinery market demand in this region.
Key players operating in the food production machinery market include Heat and Control Inc., Buhler AG, Atlas Pacific Engineering Co, Inc., Key Technology Inc., GEA Group, John Bean Technologies Corp., Bucher Industries AG, Wenger Manufacturing Inc., Tetra Laval, Marlen International, SPX Corp and Atlas Pacific Engineering Co, Inc. Technological advancements is one of the key strategies adopted by several food production machinery market players. Further, the market players offer product differentiation through reduced emissions and waste by using energy and natural resources efficiently. They focus on conducting business through protecting public health environment safety.
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