HOME Research Insight GEA Group and ALFA LAVAL aer the Leading players in the Food Processing Equipment Market



GEA Group and ALFA LAVAL aer the Leading players in the Food Processing Equipment Market


The food processing equipment market is projected to grow at a CAGR of 7.0% from 2016 to 2022. Rising demand for processed food products in dairy, meat, poultry, and seafood industries. Consumer interest on safety of food products, increasing demand for convenience foods, demand for innovation in food & beverage products, focus on food & beverage manufacturers on production efficiency, processing time, and quality of food products, and the increasing use of contract manufacturing services in the food & beverage industry are some factors driving the market. The key market players have adopted strategies such as acquisitions, agreements, and new product launches & developments to expand their market share in the food processing equipment market. The key players who adopted these strategies are GEA Group (Germany), ALFA LAVAL (Sweden), Bucher Industries (Switzerland), SPX Corporation (U.S.), and Krones AG (Germany). Other players in the industry include Buhler AG (Switzerland), JBT Corporation (U.S.), Rexnord Corporation (U.S.), Marel (Iceland), and Fenco Food Machinery (Italy).

GEA Group

GEA Group is one of the leading technology suppliers operating in various industry domains, such as food, dairy, beverage, energy, brewery, pharmaceutical, chemical, environment, and marine. About 70% of the company’s revenue comes from the food sector. It concentrates on core competencies and core technologies, which allows the company to stand first in terms of sales, worldwide. Acquisition is the key strategy of the company. Its acquisition of Comas (Italy), a dairy equipment supplier in 2016 helped the company to increase its market share in the dairy industry. Furthermore, it acquired CMT S.p.A (Italy), a leading supplier of single equipment in 2015. This helped GEA to broaden its technology portfolio in the cheese production line. The company is continuously improving its products & services through new and advanced technologies to create new opportunities in food and beverage industries.

ALFA LAVAL  

Alfa Laval is one of the leading suppliers of products and solutions in the areas of heat transfer, separation, and fluid handling. It was acquired by Tetra Laval International S.A (Switzerland) in 1993. The equipment manufactured by Alfa Laval is used to heat, cool, separate, and transport products in industries that produce food & beverages, fuel, chemicals, pharmaceuticals, starch, sugar, and ethanol. Considering that Alfa Laval is an established entity, its various strategies, such as product innovation, market presence, and profitability & return have helped it sustain its business in the food processing equipment market. Innovation in products, such as heat exchangers, separators, and fluid handling form the company’s foundation in terms of profitable growth. For instance, Alfa Laval introduced new heat exchangers in the market in 2016 leading to maximize its profitability.

The geographic expansions strategy has identified areas of opportunity, such as the West African region as an important location for business growth. It focuses on the smooth functioning of its logistics processes as well to avoid any deviation in regular operations to maintain required profits.

Related Reports:

Food Processing Equipment Market by Type (Thermal, Cutting & Peeling, Extraction, Mixer, Blender & Homogenizer), by Application, by End Product Form, by Mode of Operation (Automatic, Semi-automatic), and by Region - Global Forecast to 2022

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