SAN FRANCISCO, January 8, 2019
SAN FRANCISCO, January 8, 2019 /PRNewswire/ --
The global food processing equipment market size is anticipated to reach at USD 85.59 billion by 2025, according to a new report published by Grand View Research, Inc. Driven by growing demand for processed and Ready-to-Eat (RTE) food products across the globe, the market is projected to expand at a CAGR of 6.2% over the forecast period. Strict government regulations regarding the hygiene and standardization of food products will further driver the demand for food processing equipment. Increasing demand for meat, poultry, and seafood is also predicted to support the market growth in the coming years.
Furthermore, growing trend of industrial automation coupled with easy availability of these units will spur the market development. The automatic mode of operation segment led the market in 2017 and is likely to expand further at a CAGR of 7.0% over the forecast period. This growth can be attributed to technological advancements in the processing market. Companies offer automated operational systems for the manufacturing of food processing equipment to have a competitive advantage in the market.
The processing equipment segment is expected to register a CAGR 6.5% in the forecast period reaching USD 45.67 billion by 2025. The pre-processing equipment type is also projected to account for a significant share of the global market.
Browse full research report with TOC on "Food Processing Equipment Market Size, Share & Trends Analysis Report By Type, By Mode of Operation, By Application (Meat, Poultry, Seafood, Bakery, Confectionery), And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/food-processing-equipment-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global food processing equipment market on the basis of mode of operation, type, application, and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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