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(MoneyNewsWire.Net, March 01, 2018 ) The Europe Food Processing Machinery Market was worth USD 20 billion in 2016 and estimated to be growing at a CAGR of 7.8%, to reach USD 30 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.
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Food Processing Machinery is a complex and multi-dimensional market including all the apparatus and gear utilized as a part of business sustenance creation and bundling. The size of the market can be envisioned by considering the regularly expanding sustenance items. The market 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.
Europe 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 market 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.
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The Europe market 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 Europe Food Processing Machinery market is geographically segmented into France, Germany, Italy, UK, Spain and rest of Europe. Germany has the largest market share in this region due to both diversified offerings in foods and drinks as well as their readiness in responding to changing customer needs and wants. Local research and development teams develop new products according to cuisine taste and preferences which drives this market. Complex and delicate processes dealt with new technologies in these advanced nations will boost the food equipment processing market.
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Some of the major competitors dominating the Europe Food Processing market 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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