Asia Pacific Food Processing Machinery Market is poised to reach USD 20 billion by 2021– 140 pages report by Market Data Forecast
The Asia Pacific Food Processing Machinery Market was worth USD 13 billion in 2016 and estimated to be growing at a CAGR of 9.0%, to reach USD 20 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.
Asia Pacific 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 Asia Pacific 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 Asia Pacific Food Processing Machinery market is geographically segmented into India, China and rest. China has the largest market share in this region as well as the fastest growing, followed by India.
Rising disposable incomes and populations, urbanization and rising middle-class are responsible for the huge growth of this market in these regions. The Indian government has taken some initiatives in order to propel the growth by processing funds into this market.
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Some of the major competitors dominating the Asia-Pacific 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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