RnRMarketResearch.com adds “World Food Processing Machinery to 2019”to its store.
World demand to rise nearly 8% annually through 2019
Worldwide demand for food processing machinery is projected to advance nearly eight percent per annum to $73 billion in 2019. Six major trends will stimulate growth through 2019:
The transition from manual food processing to mechanical food processing in developing countries.
- The replacement of older food processing equipment worldwide.
- Government initiatives to support local food and beverage production in countries like Indonesia and Russia.
- Increasing demand for processed foods in developing countries because of personal income gains and urbanization.
- A worldwide dietary shift toward higher value-added foods such as meat, wine, and chocolate.
- The development of new health and organic food and beverage products.
Beverage, candy processing equipment to grow fastest
Although global demand for all major product types will expand at a healthy pace through 2019, beverage and chocolate and confectionery processing equipment are projected to register the fastest gains. Because demand for beverages and chocolate confectionery products in most developing countries is currently quite limited, both segments have significant growth potential. As the discretionary incomes of households in Central and South America and the Africa/Mideast and Asia/Pacific regions increase, they will purchase more beverages and chocolate and confectionery products, which are often considered to be luxury goods. To take advantage of new sales opportunities, foreign multinationals are expected to build many new production facilities in developing countries, generating additional demand for beverage, and chocolate and confectionery processing equipment.
Global sales of processing machinery for meat, poultry, and fish, and dairy products and milk are also forecast to post strong advances between 2014 and 2019. Rising personal incomes in many industrializing countries will lead to an increase in the number of households that can afford these products, as well as higher local meat, poultry, fish, milk, and dairy product output. Additionally, more farmers in developing countries will gain access to the capital needed to invest in large-scale animal and dairy production, leading to an increase in local beef, pork, chicken, seafood, milk, and dairy product availability and related processing equipment demand. Government programs aimed at bolstering local meat, poultry, fish, milk, and dairy production will contribute to gains as well. Finally, suppliers of meat, poultry, and fish, and dairy product machinery will benefit greatly from increasing foreign participation in many developing markets. In addition to building new production facilities, multinationals have launched initiatives to improve the quality of dairy and meat, poultry, and seafood products, and encourage sustainability and standardization in developing areas. As these agricultural commodities become safer and more widely available, food and beverage companies will increase production of associated processed foods, generating additional machinery demand.
Sales of more mature product types -- such as industrial bakery equipment and fruit, nut, and vegetable machinery -- are projected to increase at a slower pace through 2019. Because these foods are staples in most countries, there is already significant demand for related processing equipment.Complete report is available at http://www.rnrmarketresearch.com/world-food-processing-machinery-to-2019-market-report.html .
Profiles 45 global players such as John Bean Technologies, Heat & Control, Bühler & Marel
This study analyzes global supply of and demand for machinery designed for use by food and beverage processors. Types of food processing machinery include:
- industrial bakery machinery
- meat, poultry, and seafood machinery
- chocolate and confectionery machinery
- beverage production machinery
- dairy and milk machinery
- fruit and vegetable machinery
- other types of industrial food processing equipment (such as chilling, drying, and mixing machinery)
- food processing equipment parts and attachments (including bearings, cutting attachments, pulleys, power units, sensors, and temperature regulators).
Inquire before buying this report @ http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=392850 .
Excluded from the scope of this study is machinery designed for -- and used primarily in -- nonmanufacturing settings, such as milking machines, restaurant cooking and heating equipment, and retail bakery ovens and bread slicers. However, end-use applications for industrial-type food processing machinery are not limited to manufacturing facilities and can include farms, food service operations, grocery stores, and other settings where the capabilities of industrial-grade equipment are warranted. In a similar manner, nonindustrial food processing machinery used in food and beverage manufacturing facilities (for example, residential or commercial-type microwave ovens installed in employee lunchrooms) are excluded from the scope of this study. Also excluded is refrigeration equipment designed for food storage applications (as opposed to processing line chillers and freezers), packaging and associated line machinery (bottling and filling equipment, case loading machines, conveyors, labeling and coding equipment, etc.), used food processing machinery of all types, and related services such as equipment rebuilding, and retrofitting systems integration.