North America Food Processing & Food Material Handling Equipment Market, Equipment Type (Food Processing Equipment, and Food Packaging Equipment), Application (Bakery & Confectionery Products, Meat & Poultry Products, Dairy Products, Alcoholic Beverages, Non-Alcoholic Beverages, Fish & Seafood Products, and Others), Form (Solid, Liquid, and Semi-Solid), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Food Processing and Food Material Handling Equipment Market
North America food processing & food material handling equipment is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.4% in the forecast period of 2021 to 2028 and expected to reach USD 6, 16, 84,312.12 thousand by 2028.
Food processing and handling equipment is mainly used to process meat, seafood, bakery products, dairy products, and confectionery from their raw form into finished products. Several companies focus on integrating advanced technologies to improve the user experience. Companies are integrating the equipment with Internet of Technology (TOC) to achieve the highest level of food safety, reduce waste, improve traceability, and reduce the costs and risks of various food processing and packaging processes.
The increasing consumer’s preference towards healthy and functional foods had a significant impact on the expansion of the market for food processing & food material handling equipment. In line with this, growing R&D investments in food processing technologies, and rising food safety management concerns across food industry, are key determinants favouring the growth of the food processing & food material handling equipment during the forecast period.
However, the various problems associated with the high installation and maintenance cost associate with food material handling equipment, may act as major restraints on the growth rate of the food are processing & food material handling equipment market. On the other hand, health hazards of over consumption of processed food also has the potential to challenge the growth of the for food processing & food material handling equipment during the forecast period.
The food processing & food material handling equipment market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the explosion-proof equipment market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Food Processing & Food Material Handling Equipment Scope and Market Size
North America food processing & food material handling equipment is segmented on the basis of equipment type, application and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of equipment type, North America food processing and food material handling equipment market is segmented into food processing equipment and food packaging equipment. In 2021, food processing equipment is expected to dominate the market as these types of equipment helps to prepare the food in a very less time which increases its demand in the forecast year.
- On the basis of application, North America food processing and food material handling equipment market is segmented into bakery & confectionery products, meat & poultry products, dairy products, alcoholic beverages, non-alcoholic beverages, fish & seafood products and others. In 2021, meat & poultry products are expected to dominate the market as the meat & poultry products enhance growth performances among the consumers which boosts its demand in the forecast year.
- On the basis of form, North America food processing and food material handling equipment market is segmented into solid, liquid and semi-solid. In 2021, solid segment is expected to dominate the market as the solid products provide proper nutritional needs to the consumers which increase its demand in the forecast year.
North America Food Processing & Food Material Handling Equipment Market, Country Level Analysis
North America food processing & food material handling equipment is analysed and market size information is provided by country, equipment type, application, and form.
The countries covered in the North America food processing & food material handling equipment report are U.S., Canada, and Mexico.
- In North America, the food processing and food material handling equipment market is dominated by U.S. as it is the most growing country with increased demand for meat & poultry products.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Food Processing & Food Material Handling Equipment Industry
North America food processing & food material handling equipment market also provides you with detailed market analysis for every country growth in installed base of different kind of products for major food processing & food material handling equipment market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the food processing & food material handling equipment market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Food Processing & Food Material Handling Equipment Market Share Analysis
North America food processing & food material handling equipment competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America major domestic cooking appliances market.
The major market players engaged in the North America food processing & food material handling equipment are ALFA LAVAL, FENCO Food Machinery s.r.l., JBT, SPX FLOW, TNA Australia Pty Limited, Krones AG, Schaaf Technologie GmbH, BAADER, Marel, Bühler Group, The Middleby Corporation, Lehui, GEA Group Aktiengesellschaft and Tetra Pak among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In November, 2020, SPX FLOW had announced, they release of new metal and X-ray detectable seats for a food and beverage, critical dairy, and personal care processes. With this announcement company has increased brand awareness in the world.
- In September, 2021, TNA Australia Pty Limited had launched a ‘tna robag 3e’ product. This product has new CXE integrated display controller, smart diagnostic tools and intuitive time-saving components and also delivering up to 250 bags per minute (bpm) with less wastage. This new product helps to attract the new customer and help to enhanced the product revenue.
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