Food Processing & Handling Equipment Market

Market Leaders - Food Processing & Handling Equipment Market

The food processing & handling equipment market, in terms of value, is estimated to account for USD 137.2 billion in 2019 and is projected to grow at a CAGR of 6.2%, to reach USD 196.6 billion by 2025. The increasing disposable incomes; growing population; busy lifestyles; growing demand for innovative food & beverage products due to the changing consumer trends and shifting focus toward highly convenient and instantly processed food products are some of the key trends influencing the growth of the food processing & handling equipment market. Companies across the food processing, food retail, and food service value chains have various opportunities to access or increase their penetration of equipment products, either organically or through acquisitions.

With the increasing restaurant chains; fast food joints, and QSRs, there is an increase in the demand for various types of foodservice equipment such as cooking equipment, commercial ovens, and serving equipment, which is expected to drive the market during the forecast period.

The key players in the food processing & handling equipment market include GEA (Germany), Buhler Ag (Switzerland), Alfa Laval (Sweden), JBT Corporation (US), SPX FLOW (US), Robert Bosch (Germany), IMA Group (Italy), Middleby Corporation (US), and Dover Corporation (US), Robert Bosch (Germany), IMA Group (Italy), Tetra Laval (Switzerland), Multivac (Germany), Middleby Corporation (US), Welbilt, Inc. (US), and Electrolux (Sweden). These players, along with the other players, adopted various business strategies such as new product launches, expansions, and joint ventures & agreements, in the last few years, to meet the growing demand for food processing & handling equipment.

Major players in the market are mainly focusing on undertaking innovations and developing new products to meet the growing requirements of the customers. The core strengths of the key players identified in this market are growth strategies such as new product launches and acquisitions. The increasing number of new product launches have enabled the market players to enhance their presence in the ever-dynamic food processing & handling equipment market. More than 50% of the strategic developments in the global market were focused on new product developments. The key players such as GEA (Germany), Buhler Ag (Switzerland), and Alfa Laval (Sweden) undertook these strategies to gain a stronger foothold and their market share. For example, GEA Group GEA launched a new SmartPacker CX400 packaging machine, which has induction sealing capabilities for meat and poultry manufacturers.

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Buhler Ag (Switzerland) is focusing on new product developments, expansions, and acquisitions to enhance its foothold in the market. For example, in May 2019, Bühler launched Tubex Pro for an advanced weighing solution. This would help the company to serve more enhanced equipment to its clients, as these weighing machines are very helpful to check even minute deflection in weights.

In April 2019, Tetra Pak (Switzerland) launched connected packaging platform. this would transform juice and milk cartons into interactive information channels, digital tools, and full-scale data carriers. Company has a strong foothold in North America and Latin America due to its wide product offering and strong distribution network. The majority of its revenue is generated through TETRA PAK, one of its subsidiaries.

In April 2019, Tetra Pak launched a connected packaging platform; this would transform juice and milk cartons into interactive information channels, digital tools, and full-scale data carriers.

Related Reports:

Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region - Global Forecast to 2025

Mr. Shelly Singh
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Report Code
FB 7202
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