Food Processing Market: The increasing demand for processed and packaged food products drives the global market

According to the report, the global Food Processing market is expected to grow from $160 Billion in 2022, which is expected to reach $350 Billion by 2033, growing at the CAGR of 13% from 2023 to 2033. The food processing market is a vast industry that involves the conversion of raw agricultural products into food products that are ready for consumption. Food processing can involve various techniques such as cooking, canning, freezing, drying, and packaging. The food processing industry plays a critical role in ensuring food safety, extending the shelf life of food products, and meeting the demands of consumers for convenient and nutritious food options. The market is driven by various factors such as the increasing demand for processed and packaged food products, the growing population, changing dietary patterns, and increasing urbanization.

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Key Highlights:

• The global Food Processing Market size was valued at USD 160 billion in 2022 growing at a CAGR of 13% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has published a new market research report on Global Food Processing Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Food Processing market report also includes the following data points:

• COVID19 Impact on Food Processing market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Food Processing market

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Key Players

Some of the major Food Processing players holding high market share include Marel, GEA Group AG, The Bühler, Holding AG, JBT Corporation. These players use acquisition/partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

• Marel
• GEA Group AG
• The Bühler Holding AG
• JBT Corporation
• Alfa Laval AB
• TNA Solution Pty Ltd
• Bucher Industries AG
• Clextral S.A.S
• SPX Flow
• Bigtem Makine A.S.
• FENCO Food Machinery s.r.l.
• Krones AG
• Paul Mueller Company among others

Segmental Analysis

Market Segment By Type with focus on market share, consumption trend, and growth rate of Food Processing Market:

• Cleaning, Sorting, & Grading Equipment
• Cutting, Peeling & Grinding Equipment
• Mixers, Blenders and Homogenizers
• Extrusion & Thermal Equipment
• Other Equipment

Market Segment By Category with focus on market share, consumption trend, and growth rate of Food Processing Market:

• Semi-Automated
• Fully Automated

Market Segment By application with a focus on market share, consumption trend, and growth rate of the Food Processing Market:

• Bakery, Confectionery, and Dairy Products
• Meat, Poultry, & Seafood Products
• Fruit, Vegetables, and Beverages
• Others

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Global Food Processing Geographic Coverage:

• North America
  • US
  • Canada
  • Mexico

• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordic Countries
  • Benelux
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific

• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA

• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Reasons to Buy this Report:

• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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