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MnM’s client was interested in conveyor belt market for the food and beverages industry by understanding market potential and scenario (current & forecast). The key objectives of the study were to determine conveyor belt (synthetic, modular, timing and rubber) market for different geographies and applications. Also identify of major market drivers and trends.

1. Methodology Adopted by MnM:

MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders across the value chain within target geographies, spread across various regions for every industry separately to understand the major applications of different type of conveyor belts. Extensively secondary research to understand the market trend for each belt type in every region. MnM also analyzed the product portfolio of various major and local conveyor belt manufacturers in different regions for different food and beverage applications. The market size and growth rate was estimated accordingly based on the inputs and estimates gathered from primary and secondary sources.

2. Actual Solution Provided:

Through this granular study, MnM analyzed the market dynamics for conveyor belt market, which included growth opportunities, growth drivers in focused application in order to select the appropriate market for client. End-user surveys were conducted across all application (Dairy, Mead, poultry & sea food, Confectionary, Bakery, Beverages, and Convenience Foods, Fruit & Vegetables) to identify end- user requirements, unmet needs and expectations.

Value Delivered:

The granular set of information and recommendations shared by MnM assisted the client to expand its business across geography for different types of belt in food and beverages industry.