$15.1 Billion Prepared Food Equipment Market - Global Forecast to 2026: Focus of Food Manufacturers on Production Efficiency, Processing Time, and Quality of Food Products
DUBLIN, Jan. 20, 2021 /PRNewswire/ -- The "Global Prepared Food Equipment Market by Type (Pre-processing, Processing, Packaging), Application (Snack & Savory Products, Meat & Seafood Products), Mode of Operation (Automatic, Semi-automatic, Manual), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global prepared food equipment market is estimated to be valued at USD 10.4 billion in 2020 and is projected to reach USD 15.1 billion by 2026, recording a CAGR of 6.4%.
Factors such as the changing food preferences, increase in the global food trade, lifestyle change, and the stringent regulations for import or export of food products is driving the growth of the prepared food equipment market.
The processing segment is projected to be the largest segment, by type, in the prepared food equipment market during the forecast period
Processing is an essential step for the conversion of any raw food to an eatable form. With the increasing demand for different food tastes such as ready-to-eat, on-the-go, and convenience foods, manufacturers are investing in prepared food equipment. The growing trend of consuming savory & snack products among younger consumers also fuels the market for prepared food equipment.
The snacks & savory products segment is projected to account for the largest market during the forecast period
Snacks & savory products are very popular among the younger generation. It is also consumed as an evening food in various countries. The rising health awareness among consumers and the consequent shift toward consuming healthy food products have led manufacturers to innovate products and solutions that can cater to consumers' health objectives and requirements in this food segment.
The automatic segment is projected to grow at the highest CAGR during the forecast period
The automatic segment is projected to grow at the highest CAGR during the forecast period. The automated equipment reduces the cost of labor and production time, thus increasing production efficiency. These factors drive the market for automated prepared food equipment.
The North American market is estimated to account for the largest market share due to the demand for bakery equipment exports
North America has consumers who are willing to adopt tastes for different cuisines, and therefore there is growth for prepared foods like snacks, bakery, and prepared meals. The presence of various companies in this region creates more growth in the prepared food equipment market. The automation industry's growth and application of automation in foods like ready-to-eat food and on-the-go food products drives the demand for prepared food equipment market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Brief Overview of the Prepared Food Equipment Market
4.2 North America: Prepared Food Equipment Market, by Type and Country
4.3 Prepared Food Equipment Market, by Mode of Operation
4.4 Prepared Food Equipment Market, by Application
4.5 Prepared Food Equipment Market, by Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Income to Drive the Demand for Prepared & Convenience Foods
5.2.1.2 Focus of Food Manufacturers on Production Efficiency, Processing Time, and Quality of Food Products
5.2.1.3 Growth of the Retail Industry in Asia-Pacific
5.2.1.4 Internet Penetration Rate
5.2.1.5 Technological Advancements in Automation
5.2.2 Restraints
5.2.2.1 Rise in Capital Expenditure, Production, and Maintenance Costs with Advanced Techniques and Associated Equipment
5.2.2.2 Increase in the Demand for Minimally Processed, Healthier Organic Food Products
5.2.2.3 High Capital Investment
5.2.3 Opportunities
5.2.3.1 Demand for Advanced Machinery with High Productivity and Efficiency
5.2.3.2 Increase in Investments in R&D in Food Processing Equipment
5.2.3.3 Larger Consumer Base in Asia-Pacific Countries and Changes in Food Preferences in the Region
5.2.4 Challenges
5.2.4.1 Infrastructural Challenges in Developing Countries
5.3 Impact of COVID-19 on the Market Dynamics
5.3.1 COVID-19 Will Boost the Sales of Prepared Food Products with Healthy and Premium Positioning
5.3.2 COVID-19 Will Positively Impact the Sales of Equipment with High Hygiene Standards
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 YC-YCC Shift
6.4 Technology Analysis
6.5 Case Studies
6.5.1 Convenience Food - Integrated Assembly Line
6.5.2 Modified Atmosphere Packaging - Monitoring and Control
6.6 Ecosystem Map
7 Prepared Food Equipment Market, by Type
7.1 Introduction
7.1.1 COVID-19 Impact on the Prepared Food Equipment Market, by Type (2018-2021)
7.1.1.1 Realistic Scenario
7.1.1.2 Optimistic Scenario
7.1.1.3 Pessimistic Scenario
7.2 Pre-Processing
7.2.1 Combination of Manual and Automated Equipment in Pre-Processing to Boost Growth in Asia-Pacific
7.2.2 Cleaning, Sorting & Grading
7.2.3 Peeling & Cutting
7.2.4 Others
7.3 Processing
7.3.1 Processing Enables the Availability of Food Products Throughout the Year
7.3.2 Mechanical Processing
7.3.3 Heat Processing
7.3.4 Others
7.4 Packaging
7.4.1 Good Packaging Helps in Enhancing the Marketability of the Food Product
7.4.2 Primary Packaging
7.4.3 Secondary Packaging
7.4.4 Others
8 Prepared Food Equipment Market, by Application
8.1 Introduction
8.1.1 COVID-19 Impact on the Prepared Food Equipment Market, by Application (2018-2021)
8.1.1.1 Realistic Scenario
8.1.1.2 Optimistic Scenario
8.1.1.3 Pessimistic Scenario
8.2 Snacks & Savory Products
8.2.1 Snacks & Savory Products are Packed Adequately as They Have a Short Shelf Life
8.3 Prepared Meals
8.3.1 Changes in Consumption Patterns Have Resulted in the Growth of Fresh, Tasty, and Nutritious Food
8.4 Dairy & Refrigerated Products
8.4.1 Various Options in Dairy Products Appeal to the Consumers, Encouraging the Growth of Automated Equipment
8.5 Bakery & Confectionery Products
8.5.1 Export of High-Quality Bakery Products from the Us and Europe Gives Scope for High Production Equipment
8.6 Meat & Seafood Products
8.6.1 Packaging of Seafood and Meat Products Increases Its Shelf Life and Ensures Food Safety
8.7 Sauces, Dressings & Condiments
8.7.1 The Worldwide Popularity of International Cuisines is Fueling the Growth of Sauces, Dressings & Condiments
9 Prepared Food Equipment Market, by Mode of Operation
9.1 Introduction
9.1.1 COVID-19 Impact on the Prepared Food Equipment Market, by Mode of Operation (2018-2021)
9.1.1.1 Realistic Scenario
9.1.1.2 Optimistic Scenario
9.1.1.3 Pessimistic Scenario
9.2 Automatic
9.2.1 in Developed Countries, Automated Machines Have Gained Pace in the Packaging Industry
9.3 Semi-Automatic
9.3.1 Semi-Automated Machines are Majorly Used by Small- and Medium-Scale Companies
9.4 Manual
9.4.1 Manually Operated Equipment are Generally Used by Companies with Lack of Investments
10 Prepared Food Equipment Market, by Region
11 Competitive Landscape
11.1 Market Evaluation Framework
11.2 COVID-19-Specific Company Response
11.3 Market Share Analysis of Key Players, 2019
11.4 Company Evaluation Matrix: Definitions & Methodology, 2019 (Overall Market)
11.4.1 Stars
11.4.2 Emerging Leaders
11.4.3 Pervasive Players
11.4.4 Participants
11.5 Competitive Leadership Mapping (Startups and SMEs)
11.5.1 Progressive Companies
11.5.2 Starting Blocks
11.5.3 Responsive Companies
11.5.4 Dynamic Companies
11.6 Competitive Scenario
11.6.1 New Product Launches
11.6.2 Deals
11.6.3 Others
12 Company Profiles
Key Players
- GEA Group
- Alfa Laval
- JBT Corporation
- SPX Flow
- Buhler
- Tetra Laval
- Dover Corporation
- Robert Bosch
- Krones
- Middleby Corporation
Start-ups/SMEs
- Marel
- IMA Group
- Multivac
- Ali Group
- Lyco Manufacturing, Inc.
- Heat and Control, Inc.
- Bigtem Makine
- Hup Sheng Machinery & Industry
- Sumpot
- Hosokawa Alpine
For more information about this report visit https://www.researchandmarkets.com/r/efzwih
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