The global food processing equipment market was valued at us 55 853 8 mn in 2018 and is projected to increase significantly at a cagr of 6 7 from 2019 to 2028.
Food processing equipment market.
Food processing equipment market.
The global food processing equipment market is segmented on the basis of type application and geography.
The global food processing equipment market size is projected to reach around usd 89 billion by 2027 exhibiting a compound annual growth rate cagr of 6 2 assessment period 2020 to 2027.
An illustration of a complete automated food processing system for jam production.
The global food processing equipment market size is projected to reach around usd 89 billion by 2027 exhibiting a compound annual growth rate cagr of 6 2 assessment period 2020 to 2027.
Asia pacific holds major share of the food processing equipment market due to rapid growth in food production and penetration of multinational processing players in emerging countries such as india china philippines and various other asian countries.
Food processing equipment is an umbrella term referring to the components processing machines and systems used to handle prepare cook store and package food and food products although this equipment is primarily aimed toward the transformation i e increasing the.
Market numbers have been estimated based on design type capacity type and application.
The global market size of food processing equipment has been provided in terms of market share and revenue.