Recent analysis conducted by Future Market Insights, Inc. forecasts a dynamic trajectory for the global food preservation equipment market. The market is primed to surpass a notable milestone, crossing the US$ 78.6 billion mark by 2033. This journey is underscored by an accelerated pace of overall sales, projected to uphold a steady Compound Annual Growth Rate (CAGR) of 6.2% throughout the forecast period spanning from 2023 to 2033.
A paramount driver propelling the global food preservation equipment industry forward is the escalating emphasis on curtailing food wastage, with the overarching goal of enhancing global food security. This crucial trend has exerted and is poised to sustain a notable impact on the market’s course throughout the projected timeline.
At its core, food preservation equipment encompasses a range of machines designed to shield food products from the deleterious effects of microorganisms, temperature variations, and other environmental factors. The widespread adoption of such equipment bestows profound benefits upon end-use industries, chief among them being the substantial extension of product shelf life, reduction in wastage, and prevention of foodborne illnesses.
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Driving Forces and Lucrative Prospects: Exploring the Food Preservation Equipment Market
Over the years, growing health awareness and changing lifestyles have created high demand for protein-rich diets such as meat and poultry, particularly in countries like the United States, China, India, and the United Kingdom. This is propelling the need for food preservation equipment at industrial and domestic levels.
Similarly, development of innovative food preservation equipment with enhanced features and favorable government support will create lucrative opportunities for manufacturers during the projection period.
The growing incidence of foodborne diseases is another factor that is expected to positively influence food preservation equipment market during the assessment period.
Key Takeaways from the Food Preservation Equipment Market Study:
- During the projection period 2023 to 2033, the food preservation equipment market is anticipated to accelerate at a CAGR of 6.2%.
- Based on product type, the refrigerators segment holds a prominent share of the global food processing equipment industry.
- By end user, poultry industry is expected to grow at a healthy pace during the next ten years.
- North America food preservation equipment market is currently valued at US$ 12.8 billion.
- The United States food preservation equipment market is estimated to be valued at US$ 8.2 billion.
- Food preservation equipment sales in India are poised to increase at a robust pace during the projection period.
“Rising food insecurity worldwide and robust growth of end-use industries such as poultry, seafood, and dairy are the two crucial factors driving demand for food preservation equipment,” says a lead FMI analyst.
Who is Winning?
Leading food preservation equipment manufacturers include Alfa Laval, Wild Goose Canning Systems, Enterprise Tondelli, Vigo Ltd., Dixie Canner Co., Cask Brewing Systems Inc., Palmer-Tech Services, Inc., HOR YANG Machinery and Alpha Brewing Operations, Pneumatic Scale Angelus, Blenzor, Elecster Oyj, and Shanghai Triowin Intelligent Machinery.
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Get Valuable Insights into Food Preservation Equipment Market
FMI, in its new offering, provides an unbiased analysis of the Food Preservation Equipment market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for Food Preservation Equipment segmented as below:
By Product Type:
- Pasteurizer
- High-Temperature short time pasteurizer
- Higher heat shorter time
- Ultra high temperature
- Ultra Pasteurized
- Refrigerators
- Visi Coolers
- Walk-in Refrigerators
- Freezer
- Confectionery Cabinets
- Fermenting Equipment
- Canning Equipment
- Automatic
- Semi-automatic
- Manual
- Irradiation Equipment
By End User:
- Poultry Industry
- Seafood Industry
- Beverage Industry
- Snacks Industry
- Dairy Products Industry
- Health Foods Industry (Whey protein etc.)
- Bakery Industry
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- Middle East and Africa
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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