The Latin America, Middle East and Africa Food Processing Equipment Market would witness market growth of 8.2% CAGR during the forecast period (2021-2027). The demand for the product in Middle Eastern countries would be supported by the population growth, increasing level of disposable income, and growing urbanization. In addition, the ruling bodies of Middle Eastern nations aim to cut down their dependencies on the petroleum sector and putting high investment in industries like automotive, construction, and food & beverage.
Farmed fish solutions for the marine sector had offered a better solution for the demand-supply disruption. Though, the market observed a cost spike for processed and fresh fish. The growth of the market is directly proportional to the bright economic condition of the market and the potential consumer base across the different regions.
However, there has been a sharp dip in the number of malnourished people across the world, however, the global condition of undernourished people is still not improving. Growing population, shift in dietary habits and increasing buying power impact the growth of the market, which put a massive burden on the industry to meet the growing demand across the world.
The Bakery & Confectionaries market dominated the South Africa Food Processing Equipment Market by Application in 2020, thereby, achieving a market value of $270.2 Million by 2027, growing at a CAGR of 7.7 % during the forecast period. The Beverage market is expected to witness a CAGR of 8.2% during (2021 - 2027).
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Food Processing Equipment Market is Predict to reach $78.9 Billion by 2027, at a CAGR of 7.3%
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.
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