Asia Pacific Food Processing Equipment Market By Application (Meat, Poultry, & Seafood; Beverage, Bakery & Confectionaries, Fruit, Nut, & Vegetable, Dairy, Grains and Others), By Type (Processing and Pre-Processing), By Mode of Operation (Semi-automatic and Automatic), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Food Processing Equipment Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027). The growth of the food processing equipment is expected to be boosted due to different factors like population growth, the increasing per capita disposable income and it has resulted in a higher demand for meat and poultry and consumption of processed products.
The equipment finds high utilization across sectors like meat, bakery & confectionery, dairy, seafood & poultry, and grains, due to their innate beneficial properties like durability, preservation, quality control, and hygiene. The food procession equipment market would witness bright growth prospects as the product is highly used in the end-use industries, particularly in the Asia Pacific due to the increasing domestic manufacturing and consumer income levels.
Due to the booming population, growing foreign direct investment, growing disposable income, and changing preferences are expected to fuel the food and beverage market in emerging regions like the Asia Pacific. Moreover, the growing demand for leisure food in China, India, Japan, Indonesia, Malaysia, and various other nations would supplement the growth of the market, hence increasing the product demand in the next few years.
The Processing market dominated the Singapore Food Processing Equipment Market by Type in 2020, thereby, achieving a market value of $1,020.2 Million by 2027, growing at a CAGR of 9.8 % during the forecast period.
Based on Application, the market is segmented into Meat, Poultry, & Seafood; Beverage, Bakery & Confectionaries, Fruit, Nut, & Vegetable, Dairy, Grains and Others. Based on Type, the market is segmented into Processing and Pre-Processing. Based on Mode of Operation, the market is segmented into Semi-automatic and Automatic. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include John Bean Technologies Corporation, The Krones Group, Alfa Laval AB, MiddleBy Corporation, GEA Group AG, Buhler Group, Baader Group, Marel Ltd., SPX Flow, Inc., and FENCO Food Machinery S.r.l.
Scope of the Study
Market Segments Covered in the Report:
- Meat, Poultry, & Seafood
- Bakery & Confectionaries
- Fruit, Nut, & Vegetable
By Mode of Operation
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- John Bean Technologies Corporation
- The Krones Group
- Alfa Laval AB
- MiddleBy Corporation
- GEA Group AG
- Buhler Group
- Baader Group
- Marel Ltd.
- SPX Flow, Inc.
- FENCO Food Machinery S.r.l.
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