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Food and Beverages Processing Equipment Market Report, Industry Overview, Growth Rate and Forecast 2024

 



(Entertainment-NewsWire.com, June 21, 2019 ) As per the latest report by IMARC Group, titled “Food and Beverages Processing Equipment Market Research Report and Forecast 2019-2024”, the global food and beverages processing equipment market reached a value of US$ 55.7 Billion in 2018. Food and beverages processing equipment are used to transform raw ingredients into consumable food products through various chemical and physical means. They comprise different measuring devices, such as timers, thermometers, weighing devices and pressure gauges, to monitor the processing, packaging and labeling of food products. They are widely utilized in the production of dairy, bakery, poultry, seafood and confectionery products. Apart from this, they are also used to automate processes such as heating, blanching, cooking and pasteurization.



Get a PDF Sample for more detailed market: https://www.imarcgroup.com/food-beverages-processing-equipment-market/requestsample



Market Trends:



The emergence of green technologies has encouraged various manufacturers to replace their old equipment with energy-efficient variants which assist in reducing the carbon footprint and overall production cost. Moreover, the manufacturers are investing in research and development activities and introducing advanced technologies to expand their consumer base. For instance, they are including machine learning and Industrial Internet of Things (IIoT) along with offering flexible and customizable equipment. Further, on account of strong economic growth, rapid urbanization and improving standards of living, the demand for food products is increasing worldwide. Some of the other growth inducing factors include changing dietary patterns, growing number of quick-service restaurants (QSRs), and emerging demand for healthy, nutritious and ready-to-eat food products. By 2024, the market value is projected to recah US$ 82.5 Billion, expanding at a CAGR of 7% during 2019-2024.



Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/food-beverages-processing-equipment-market



Insights on Market Segmentation:



Market Breakup by Type:



1. Pre-Processing

2. Processing



Based on types, the market has been bifurcated into pre-processing and processing equipment. Currently, processing equipment dominates the market, holding the largest share.



Market Breakup by End Product Form:



1. Solid

2. Liquid

3. Semi-Solid



On the basis of end product forms, the market has been segmented into solid, liquid and semi-solid. At present, the solid form represents the largest segment, accounting for the majority of the market share.



Market Breakup by Mode of Operation:



1. Semi-Automatic

2. Automatic



Based on the mode of operations, semi-automatic equipment exhibits dominance in the market, followed by automatic equipment.



Market Breakup by Application:



1. Bakery and Confectionery

2. Meat and Poultry

3. Dairy Products

4. Fish and Seafood

5. Alcoholic Beverages

6. Non-Alcoholic Beverages

7. Others



The market has been segregated on the basis of applications which include bakery and confectionery products, meat and poultry, dairy products, fish and seafood, alcoholic beverages, non-alcoholic beverages, and others.



Market Breakup by Region:



1. North America

2. Europe

3. Asia Pacific

4. Middle East and Africa

5. Latin America



Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for the majority of the market share.



Competitive Landscape:



Some of the key players operating in the market include Alfa Laval, GEA Group, Bühler, Clextral, Marel, JBT Corporation, TNA Australia Solutions, Bucher Industries, Equipamientos Cárnicos, S.L. (Mainca), SPX Flow, Bigtem Makine, Fenco Food Machinery and Krones Group.





Browse similar reports by IMARC Group:



Mobile Phone Insurance Market Research Report and Forecast: https://www.imarcgroup.com/mobile-phone-insurance-market



Global Diesel Engine Market Research Report and Forecast: https://www.imarcgroup.com/diesel-engine-market



About Us:



IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.



IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.



IMARC Services Pvt. Ltd.

Richard Lewis

6317911145

sales@imarcgroup.com

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