Prepared Food Equipment Market Projected to Reach $11.23 Billion by 2023 | Key Players are GEA Group, Alfa Laval, Buhler, Marel, The Middleby Corporation

The report "Prepared Food Equipment Market by Type (Pre-processing, Processing, Packaging), Application (Snack & Savory Products, Ready-to-eat Products), Mode of Operation (Automatic, Semi-automatic, Manual), and Region - Global Forecast to 2023", The global prepared food equipment market is estimated at USD 8.41 Billion in 2018 and is projected to reach USD 11.23 Billion by 2023, at a CAGR of 5.95% during the forecast period. The market is driven by factors such as growing disposable income; the focus of food manufacturers on production efficiency, processing time, and quality; and growth of the retail industry. Increase in investments in R&D activities, demand for advanced machinery, and growing automation industry are the upcoming opportunities for prepared food equipment market.

The years considered for the study are as follows:

Base year – 2017
Estimated year – 2018
Projected year – 2023
Forecast period – 2018 to 2023

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=148555664

The processing segment, by type, accounted for the largest market share in 2017.

The processing segment accounted for the largest market share in 2017. Processing in prepared food equipment includes blanching, cooking, and seasoning & coating. Cooking is the major sub-segment contributing to the processing segment of the prepared food equipment market. With the increase in demand for prepared meals, meat & seafood products, and snacks & savory products, the market for processing equipment is estimated to grow at the highest CAGR during the forecast period.

The semi-automatic segment, by mode of operation, accounted for the largest market share in 2017.

The semi-automatic segment, by mode of operation, accounted for the largest share in 2017. With the rising demand for prepared food products globally, manufacturers focus on increasing their efficiency in order to meet the demand, which, in turn, drives the demand for automated machines. Moreover, due to the high costs of such machines, manufacturers in developing regions prefer semi-automated equipment.

The snacks & savory products segment, by application, accounted for the largest market share in 2017.

The prepared food equipment market, by application, was dominated by the snacks & savory products segment in 2017. The meat & seafood products segment is estimated to grow at the highest CAGR, followed by ready-to-eat products during the forecast period due to rising demand for prepared meat products and working population in developing as well as developed regions.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=148555664

The Asia Pacific region is projected to grow at the highest CAGR from 2018 to 2023.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The countries studied under the region include China, India, Japan, and the Rest of Asia Pacific, which includes Thailand, Vietnam, Indonesia, Malaysia, the Philippines, and Australia & New Zealand. Increasing demand for ready-to-eat and on-the-go products drives the demand for prepared food equipment in the region. Also, increasing retail sector is one of the major driving factors for the increase in demand for prepared food equipment.

This report includes a study of prepared food equipment on the basis of type, application, mode of operation, and region, along with the product portfolios of leading companies. It includes the profiles of leading companies such as GEA Group (Germany), Alfa Laval (Sweden), Buhler (Switzerland), Marel (Iceland), and The Middleby Corporation (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com

This release was published on openPR.