The Global Food and Beverage Processing Equipment Market size was USD 62.31 Billion in 2020 and is expected to reach a value of USD 98.31 Billion by 2028, and register a CAGR of 5.8% during the forecast period. Increasing number of technological advancements in the food and beverage industry is helping food processing manufacturers to increase production capacity and meet ongoing demand for processed food.
The report evaluates the latest scenario and is updated with the current alterations in the economy due to COVID-19 pandemic. The outbreak has resulted in some major changes in the current scenario. The study evaluates the current market scenario along with the COVID-19 effects on the present and future scenarios. The industry has recently observed a drastic change owing to the COVID-19 pandemic. The report gives a precise estimation to help readers understand the impact of the pandemic on the concerned market in the forecast years and help combat challenges that may arise in the future.
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The report gives an accurate and elaborate evaluation of the market for the forecast period to gain an understanding of the global sector for formulating better investment approaches. The study further explores and provides in-depth analysis of current market dynamics and recent trends, with special emphasis on various key factors and potential growth opportunities and risks. The report further analyzes the factors and initiatives contributing to the growth of the market.
The competitive landscape of the Food and Beverage Processing Equipment market is intense as players are actively engaged in the technological advancements, product developments, product pricing, research innovations, and other growth tactics. Moreover, the report also provides insightful data about business alliances such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate and government deals, product launches and brand promotions, and others. The report also offers an in-depth analysis of the company profiles and offers strategic recommendations to the key market players and new emerging players to gain a robust footing in the market.
Companies considered and profiled in the market report:
Marel HF, Alfa Laval, JBT Corporate, GEA Group, Par-way Tryson, Krones AG, Buhler AG, SPX Flow Inc., Middleby Corporation, Tetra Pak. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
The report focuses on leading regions and their major countries to assess the market growth in the forecast years. The major geographical regions included in the study are North America, Asia Pacific, Europe, Latin America, and Middle East Africa.
In-depth regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Segments covered in the report:
Food or Beverage Form Outlook (Revenue, USD Billion; 2018 – 2028)
- Solid
- Liquid
- Others
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Bakery Confectionary
- Dairy Dairy Alternatives
- Fruits, Nuts Vegetables
- Alcoholic drinks
- Non-Alcoholic Drinks
- Poultry, Meat Seafood
- Ready Meals
- Others
Equipment Operation Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Automatic
- Manual
- Other
Processing Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Primary Processing
- Secondary Processing
- Further Processing
- Across the Factory
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The report also offers SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis to offer a better understanding of the market. The graphical data is represented in the form of charts, diagrams, tables, tables, and other representations to provide clear understanding of crucial data.
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