The Prepared
Food Equipment Market was valued at USD 10.36 Billion in
2020 and is projected to reach 16.74 Billion by 2028, at a CAGR of 6.1% during
the forecast period. Technological advancements in automation, rising
investments in the research and development of food processing equipment, and
growing demand for productive and efficient advanced machinery are widely
believed to be encouraging the industry of the prepared food equipment market.
The
report offers a thorough analysis of the regions with regards to production and
consumption patterns, supply and demand dynamics, import/export, technological
and product advancements, current and emerging trends, consumer demands,
consumer behavior shifts, and presence of key market players in each region.
The report also covers a comprehensive country-wise analysis to impart better
understanding of the scope and growth of the market.
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Key Players:
The various
contributors involved in the value chain of the prepared food equipment market
include component suppliers and prepared food equipment manufacturing companies
such as GEA Group, Alfa Laval, The Middleby Corporation, Marel, and Buhler.
Other players in the industry include Welbilt, Hughes Equipment Company, Heat
and Control Inc., Bigtem Makine, and Hup Sheng Machinery & Industry are
major players in prepared food equipment market.
Further
key findings from the prepared food equipment report suggest:
- Asia-Pacific segment is expected to
be a rapidly growing market with a CAGR 7.5% for prepared food equipment
during the forecast period. Food manufacturers are intensely focused on
production efficiency, processing time, and quality, and hygiene of food
products drives the need for prepared & convenience foods,
subsequently driving the market for prepared food equipment. The
increasing demand for packaged food prepared meals, ready to eat foods,
snacks, and savory products, and meat and seafood products are expected to
be fueling the expansion within the global prepared food equipment market.
- Prepared food equipment is intended
in such the most straightforward way that it can provide fresh and safe
foods. The machine is intended with conveyors, blanchers, washers,
peelers, cutters, coolers, mixers, and fillers. Prepared food equipment is
additionally involved in processing, pre-processing, and packaging food.
The semi-automation technique of prepared food equipment advantages in
increasing efficiency in packaging foods and helps to avoid wasting time
and increase productivity.
- The growing investments in R&D
for faster packaging and overall demand come from the busy lifestyles to
consume packaged foods that can be driving the world prepared food
equipment market. Therefore, Marel (Iceland) signed an agreement to
acquire Cedar Creek Company, an Australian provider of specialized
software and hardware solutions to meat, poultry, and seafood processors.
Marel has successfully completed the acquisition; the acquisition is fully
in line with Marel’s strategic objective to be a leading global supplier
of advanced standard equipment, full solutions, software, and services to
the poultry, meat, and fish industries.
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Segments
covered in the report:
Based on Type, the
market has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Pre-processing
- Sorting & grading
- Mixing & cutting
- Others (Conveying, picking, and
placing)
- Processing
- Blanching
- Cooking
- Seasoning & coating
- Others (Stretching, molding &
pressing, heating, sterilization, and refrigerating equipment)
- Packaging
- Primary
- Secondary
Based on Application,
the market has been segmented as follows: (Revenue, USD Million; 2020-2028)
- Bakery & confectionery products
- Meat & seafood products
- Snacks & savory products
- Sauces, dressings, and condiments
- Dairy & refrigerated products
- Ready-to-eat products
Based on Mode of
Operation, the market has been segmented as follows: (Revenue, USD Million;
2020-2028)
- Automatic
- Semi-automatic
- Manual
Regional
Outlook (Revenue, USD Million; 2020-2028)
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
- Rest of Latin America
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Key questions answered:
- Which of these regions – North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa, dominates market share?
- What is the outcome of the COVID-19 Impact Analysis performed in the
report?
- What are the revenue estimations for every region in the Prepared
Food Equipment market?
- What is the current market valuation of each region and the
estimated market size by the end of the forecast period?
- What is the projected growth rate of the global Prepared Food
Equipment market?
Thank you for reading this article. You can also get
chapter-wise sections or region-wise report coverage for North America, Europe,
Asia Pacific, Latin America, and Middle East & Africa.
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