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Global Food Processing Machinery Industry expected to register a promising CAGR of 7.3% during the period 2016-2021

 



(MoneyNewsWire.Net, January 19, 2018 ) The Global Food Processing Machinery Industry was worth USD 50 billion in 2016 and estimated to be growing at a CAGR of 7.3%, to reach USD 72 billion by 2021. Food processing equipment can perform various operations like slicing vegetables, pureeing, mixing and kneading dough, shredding or grating cheese or vegetables, grinding items such as nuts, seeds and others. They can also perform functions like pasteurization, fermentation, refrigeration and freezing, canning, irradiation and dehydration.

Browse Industry data tables and in-depth TOC of the Global Food Processing Machinery Industry to 2021 @ https://www.marketdataforecast.com/market-reports/global-food-processing-machinery-market-3032/

Food Processing Machinery is a complex and multi-dimensional Industry including all the apparatus and gear utilized as a part of business sustenance creation and bundling. The size of the Industry can be envisioned by considering the regularly expanding sustenance items. The Industry is delicate to a few factors, for example, the kind of food delivered and the handling technique utilized. Processed food offers advantages like enhanced taste, improved shelf life, low risk of contamination and easy portability.

Global Food Processing Machinery is driven by factors like ever rising demand for food as a result of booming population, rising demand for processed foods, increasing disposable incomes, changing preference of consumers towards packaged foods as a result of increased awareness about their benefits among others. However, this Industry faces challenges like consumers concerned about loss of nutrients as food is processed, addition of genetically engineered ingredients. These factors may act as growth hurdles for the Food Processing Machinery in certain regions.

Free sample of the report is available @ https://www.marketdataforecast.com/market-reports/global-food-processing-machinery-market-3032/request-sample

The Global Industry for Food Processing Machinery is broadly categorized by type into thermal, cutting & peeling, extraction, mixer, blender & homogenizer and others. By mode of operations this industry is divided into semi-automatic and automatic segments. By application this industry is segmented into bakery & confectionery, meat, poultry & seafood, dairy, beverages and others. In this particular segment meat, poultry & seafood segments have the highest share accounting to around 30%.

The Global Food Processing Machinery Industry is geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. Globally, Europe dominates the Industry with a share of around 40% and has second largest growth rate. Second position is taken by the Asia-Pacific region and this region is the fastest growing in this industry owing to booming populations in countries like China and India.

Inquire before buying @ https://www.marketdataforecast.com/market-reports/global-food-processing-machinery-market-3032/inquire

Some of the major competitors dominating the Global Food Processing Industry are Anko Food Machine Co. Ltd., Berkshire Hathaway Inc., Bucher Industries, John Bean Technologies Corporation (JBT), Hosokawa Micron Corp., GEA Group, Mallet & Company, Inc., NICHIMO CO., LTD., SPX Corporation, and Tetra Laval International S.A.

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