Commercial Food Processors Market Report Overview
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Commercial Food Processors Market size is expected to grow from 221.8 Million in 2022 to USD 313.7 Million by 2028 at a Compound Annual Growth (CAGR) of 6% from 2022 to 2028.
Food can be continuously fed into a continuous feed food processor as it operates and dispenses food into a different container. They assist end-users in cutting down on the time required to process big batches of food, making it simpler for them to produce a variety of cuisines in a short amount of time.
Increasing demand for meat and poultry as well as increasing consumption of processed goods are anticipated as a result of population growth and rising per capita disposable income, which will enhance market growth during the forecast period. Due to their multiple favourable qualities, including quality control, durability, cleanliness, and preservation, these systems are extensively used in a variety of industries, including bakery and confectionery, meat, fish, and poultry, dairy, and grains. The product is increasingly used in end-use sectors, particularly in Asia Pacific, where expanding domestic production and growing consumer income levels are fueling innovation in this industry.
COVID-19 Impact
"Growing Food Industry Concerns About Food Safety Management During COVID-19 Restricted Growth"
The manufacturing and food industries have suffered as a result of the recent COVID-19 outbreak, and there has also been a fall in international commerce. It is essential that the food business emphasize proper personal hygiene practices and provide staff with training in these areas. Globally, governments are supporting hygienic design and engineering of the food processing and handling equipment through guidelines, instructional programmers, laboratory testing techniques, and training materials for a clean environment and associated subjects. Based on the Hazard Analysis and Critical Control Point (HACCP) analysis, the Food Safety Management Systems (FSMS) applied a few concepts to handle food safety laws.
Latest Trends
"Growing Investments in the Food Processing Sector Will Support Market Expansion"
The market for food processing and handling equipment is projected to develop as a result of rising R&D expenditures in food processing technology. Financially rewarding market potential are indicated by investments in integrating IoT and AI and combining them with food processing and handling equipment. The increased product demand is to blame for the rising investment by both domestic and international businesses in the food processing sector of Asia Pacific. The Indian government's National Investment Promotion & Facilitation Agency predicts that by the end of 2024, the food processing sector would have attracted investments of USD 33 billion. In India, there are now over 40,000 food processing plants. Over the projection period, they are anticipated to rise considerably, offering profitable prospects to businesses engaged in the market.
Commercial Food Processors Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into continuous feed food processors, bowl-type food processors, buffalo choppers. continuous feed food processors is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into restaurant, food factory. restaurant will be the dominating segment.
Driving Factors
"Advanced Automation and Robotics Technology Integration in Manufacturing Facilities to Support Market Developments"
The manufacturers now on the market are attempting to implement cutting-edge automation as well as IoT and AI technologies to implement robots in production facilities. Through these initiatives, food safety will be improved, and the global supply chain will be strengthened. To raise operational efficiency and enhance food processing and handling procedures, manufacturers are prone to carrying out product monitoring, remote maintenance, and self-diagnosis in manufacturing facilities. Now that the facilities are in compliance with the procedures outlined by Industry 4.0, these automated processing technologies may be used without any issues. The post-purchase smart services that equipment manufacturers offer to their clients are their main emphasis. I.M.A. Group, for instance, suggests smart services like a digital room (data exchange through Industry 4.0), smart service suite (smart software with integrated virtual and augmented reality), technical services 24/7, and many more.
"Demand for Hygienic Convenience Food Products Will Rise Fueling market Growth"
The popularity, production, and consumption of ready-to-eat food products were influenced by growing urban populations across many geographies and the adoption of a fast-paced metropolitan lifestyle. The European Union's food industry organization, Food Drink Europe, reports that ready meals are most frequently consumed in Europe (up to 6.7 billion were spent there in 2017), followed by North America, Asia Pacific, Latin America, the Middle East, and Africa. As a result, emerging economies are also anticipated to see an increase in the demand for convenience food items.
Restraining Factors
"Lack of Knowledge of Food Safety Regulations Will Limit Market Growth"
Due to the increased incidence of foodborne illnesses and the COVID-19 pandemic, several governments and food organizations throughout the world are putting severe rules and regulations into place around the handling and processing of food. To lessen the danger posed by convenience food, governments all over the world are providing a variety of safety training facilities for those who operate equipment used in food processing and handling. Due to the limited capital backing in their businesses, a few rising small and medium-sized firms find it difficult to execute government regulations, which restrains the expansion of the worldwide market.
Commercial Food Processors Market Regional Insights
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"Asia Pacific will lead the market "
Asia Pacific, where 34.9% of global revenue was generated in 2022, is anticipated to expand at the quickest rate. Due to the sizeable number of participants in the Chinese market, the Chinese players' success depends on product innovation and strategic alliances. The introduction of cutting-edge technology, new product advancements, and favourable chances for the food industry has fueled the market's expansion in recent years.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Hobart (U.S.)
- Robot-coupe (U.S.)
- Sammic (U.S.)
- Waring (U.S.)
- Berkel (U.S.)
- Electrolux (Sweden)
- Magimix (France)
- Skyfood Equipment (U.S.)
- Vollrath (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 221.8 Million in 2022 |
Market Size Value By |
US$ 313.7 Million by 2028 |
Growth Rate |
CAGR of 6% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types and Applications |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the commercial food processors market expected to touch by 2028?
Based on our research the commercial food processors market is expected to reach USD 313.7 million in 2028.
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What CAGR is the commercial food processors market expected to exhibit by 2028?
The commercial food processors market is expected to exhibit a CAGR of 6.0 % by 2028.
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Which are the driving factors of the commercial food processors market?
The expanding food and beverage sector, strict laws governing food preparation and safety, and increased consumer demand for packaged and processed foods are the main drivers propelling the commercial food processors market for food processing equipment.
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Which are the top companies operating in the commercial food processors market?
The top key players in the commercial food processors market are Hobart, Robot-coupe, Sammic, Waring, Berkel, Electrolux, Magimix, Skyfood Equipment, Vollrath.