The North America Food Processing Equipment Market would witness market growth of 6.9% CAGR during the forecast period (2021-2027). Unhealthy lifestyle and an increasing number of diseases across the world has led to the rising health concerns and dietary plans of the people in developed and developing nations. It is further estimated to contribute to the growth of the market during the forecast years. Several governments and food associations are motivating & supporting the food processing machine manufacturers to increasingly allot funds in R&D, which will grow the revenues of the food processing technology & equipment market.
With the accessibility of raw materials and shifting lifestyles, there is an emerging need to provide a wider range of food products at minimized costs and advanced technology. These factors further support the growth of the market around the world. The bakery and pasta equipment market are increasing at a high growth rate among all food processing equipment. With the rising income level of people, manufacturers are investing more in food processing equipment. This shifting trend results in the increasing investment in food processing equipment and further leads to advancements in technology regarding slicing, cutting, and grinding in food processing equipment. The advancements that took place in the industry helps manufacturers to replace the older machines with the latest ones that are more efficient and increase their production.
The USA market dominated the North America Fruit, Nut, & Vegetable Market by Country in 2020, thereby, achieving a market value of $1,529 Million by 2027. The Canada market is experiencing a CAGR of 7.9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 10% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Food Processing Equipment Market is Estimated to Reach USD 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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