Food Processing Machinery Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, South Korea, Germany, UK - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 180 SKU: IRTNTR43232

Food Processing Machinery Market Forecast 2024-2028

The food processing machinery market size is estimated to grow by USD 22.09 Billion at a compound annual growth rate (CAGR) of 6.49% between 2023 and 2028. Rising investments in food processing plants and equipment customization drive market growth, particularly in APAC's developing economies. The industry's pivotal role in enhancing food safety standards and ensuring regulatory compliance fosters market expansion. Notably, technology advancements in automated processing solutions bolster productivity enhancement, reduce waste, and enhance energy efficiency. Product innovation and quality assurance are further propelled by customer preferences and market competition.

Additionally, sustainable manufacturing practices and cold chain management underscore the industry's commitment to food preservation techniques. As such, the synergy of these key drivers fuels the growth trajectory of the market during the forecast period.

What will be the size of the Market?

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Market Segmentation

Type Analysis

The depositors segment is estimated to witness significant growth during the forecast period. In the food processing industries, depositing equipment is a relatively prevalent production line procedure. Without the depositing step, it is difficult to produce muffins and jellies or even garnish and decorate cakes. Depositing is a type of extrusion that is generally used to create dough pieces that will then be processed to make various food products. 

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The depositors segment was the largest segment and was valued at  USD 16.13 Billion in 2018. For the manufacturing of wire cut and smooth mix-placed biscuits, the DLV and DV model cookie depositors are appropriate. While the DV is immediately attached to a tunnel oven band for high-capacity production, the DLV is a flexible and adaptable stand-alone equipment that can also create cakes and be used as a test machine. The DV3 co-extruder can concurrently deposit two different doughs and a third fluid filling. It is designed for the manufacturing of dual or tri-coloured filled biscuits and conventional favorites. The DV3 features GEA cutting-edge ILPS technology and servo-motor control for precision and dependability to guarantee reproducible depositing from every outlet and the ideal shape and weight for each biscuit. Therefore, the growing use of depositors in the different food-processing industries will drive the growth of the market in the depositors segment during the forecast period.

Application Analysis

Based on application, the market has been segmented into MP and S, bakery, dairy, and others. The MP and S segment will account for the largest share of this segment.? Some of the food-processing equipment used for red meat are meat tenderizers, meat choppers and grinders, and electric meat saws and bone saws. In addition, the increased production of seafood can be attributed to the growing popularity of aquaculture. China is one of the biggest countries for aquaculture production. Moreover, all continents that have the highest population growth are predicted to see an increase in the amount of fish consumed per person. According to FAO, global fish consumption is anticipated to increase from 20.4 kg in the base period of 2020 to 21.2 kg per person by 2032. Therefore, such factors are expected to drive the growth of the meat, poultry, and seafood segments in the market during the forecast period.

Region Analysis

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APAC is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.  APAC covers a wide range of countries, including China, India, Japan, South Korea, and Australia. APAC is a rapidly growing region due to population growth, urbanization, and increasing disposable incomes, driving the demand for processed foods and machinery, thereby contributing to the growth of the regional market. China is the world's largest exporter, importer, and consumer of seafood. The People's Republic of China (PRC) produced 66.9 million metric tons (MMT) of seafood in 2021, which increased to 67.5 MMT in 2022, maintaining its position as the world's top producer of seafood. Aquaculture production, which climbed by 1.2% to 54.6 MMT in 2022, will continue to fuel production growth.

Furthermore, the high consumption of dairy products in China will increase the demand for dairy processing machinery. According to the most recent projections made by the USDA in July, China milk production will rise to 41 Mt in 2023, up 4.6% from 2022. In China, WMP output is anticipated to rise to roughly 1.12 Mt owing to rapid domestic milk production development. Thus, the growing seafood and dairy industry in the country is expected to drive the growth of the regional market during the forecast period.

Market Dynamics and Customer Landscape

Rising investments in the food processing sector in developing APAC economies drive market growth. This industry is pivotal for economies like India, boosting farmers' income and commercializing farming. Increased investments elevate demand for equipment suppliers. Indonesia's food-processing industry, importing 65% of raw materials, reflects a growing need for production efficiency and equipment reliability. Automation trends enhance hygienic design and waste reduction, ensuring safety and quality. Advanced systems detect defects, ensuring high-quality products. Automated sorting machines optimize production capacity and cost-effectiveness. Challenges include fluctuating raw material prices, emphasizing the importance of effective supply chain management.

Key Market Driver

Investments in the food processing sector in developing economies in APAC are notably driving market growth. The food processing industry is a crucial part of any country's economy because it is linked to the agriculture industry. The food processing industry plays a very important role in an agriculture-based economy, such as India, as it facilitates the commercialization of farming and boosts the income of farmers. Growing investments in the food processing sector by private companies and the government will increase demand for food processing machinery. The food processing industry in India is one of the largest in the world.

For instance, the food processing industry in Indonesia is also experiencing significant growth. Currently, 65% of the raw materials required by Indonesia's expanding food processing industry are imported. Exports of American agricultural goods to Indonesia rose by 9% in 2022, mostly owing to the country's increasing appetite for cattle, dairy products, and soybeans. Thus, the growing investments in the food processing sector in developing economies in APAC will drive the growth of the market in focus during the forecast period.

Significant Market Trends

Increasing focus on automated food processing equipment is one of the major market trends. Food production lines, product packaging, ingredient handling, mixing and blending processes, cutting and slicing techniques, cooking and baking equipment, freezing and chilling systems, canning and bottling machinery, pasteurization and sterilization systems, frying and frying equipment, drying and dehydration systems, milling and grinding machines, emulsification and homogenization equipment, portioning and packaging machinery, inspection and quality control systems, labeling and coding machines, nutritional enrichment technologies, rapid freezing methods, high-pressure processing techniques, vacuum packaging systems, aseptic processing technology, poultry and seafood processing equipment, bakery and confectionery equipment, beverage processing systems, grain processing machinery, snack food manufacturing equipment, fruit and vegetable processing machines, and food extrusion technology are all integral components of this trend. Food processing companies prefer new processing technologies to increase production and improve efficiency. Hygiene and safety are some of the important factors that need to be considered during food processing, such as meat and poultry processing. Automation is one such solution that enhances hygiene and safety during meat and poultry processing. Additionally, automated systems equipped with cameras, sensors, and machine vision technology can quickly detect defects, irregularities, or contaminants in food products, ensuring that only high-quality items reach consumers.

In addition, automated systems are especially important in the fresh produce industry, where sorting machines can separate fruits and vegetables based on size, color, and quality. Companies like TOMRA offer advanced sorting and inspection solutions. Therefore, the increasing adoption of food processing machines with automated features will drive the growth of the market during the forecast period.

Major Market Challenge

Rising prices of raw materials used for the production of food processing machinery is a significant challenge hindering market growth. Food processing machinery, such as meat processing machinery, is primarily made using stainless steel as the equipment is used for functions such as cutting, chopping, and grinding. Stainless steel is generally used due to its corrosion-resistant properties. In addition, stainless steel is also durable and compatible with temperature variations. These properties lower the maintenance cost associated with it, which is further beneficial for food manufacturers. As the machinery is primarily made of stainless steel, its production cost is highly dependent on the prices of steel. Fluctuations in steel prices may affect the cost of production of the food processing machinery.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alfa Laval AB - The company offers food processing machinery such as speed low acid aseptic filler, Rotary Jet Mixer, an Hybrid Powder Mixer.

The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Alfa Laval AB, ANKO Food Machine Co. Ltd., Bigtem Makine A.S., Bucher Industries AG, Buhler AG, Duravant LLC, FENCO Food Machinery s.r.l., GEA Group AG, Hosokawa Micron Corp., Illinois Tool Works Inc., John Bean Technologies Corp., Krones AG, LEHUI, Marel Group, Nichimo Co. Ltd., SPX FLOW Inc., Tetra Laval SA, The Middleby Corp., TNA Australia Pty Ltd., and Tomra Systems ASA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Customer Landscape

The market growth analysis report encompasses the entire market adoption cycle, ranging from the initial innovator phase to the subsequent laggard stage. It emphasizes adoption rates across various regions, determined by penetration levels. Additionally, the market research and growth report outlines essential purchasing factors and factors influencing price sensitivity. This aids companies in assessing and formulating effective growth strategies.

 Customer Landscape

Market Analyst Overview

The global market is experiencing significant growth, driven by several factors. Population expansion, rising per capita disposable income, and the increasing demand for processed food products like bakery, confectionery, meat, and dairy are key drivers. Many countries are witnessing a surge due to their developing food and beverage markets, foreign direct investments, and growing middle class with a preference for leisure food.

However, challenges remain. Food losses, pollution control measures, and fluctuating market conditions create a demand-supply imbalance. To address malnutrition and food insecurity, equipment manufacturers are focusing on solutions for farmed fish and improved processing efficiency. Additionally, stricter food safety regulations and consumer preferences for fast, convenient, and nutritious food are pushing the market towards automation, with a focus on the automatic and semi-automated equipment segments. This ongoing technological development, coupled with dynamic regulatory changes and consumer buying behavior shifts towards online sales and frozen and flavored food options, is shaping the future of the market.

Segment Overview

The market growth and forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • Depositors
    • Refrigeration
    • Slicers and dicers
    • Others
  • Application Outlook
    • MP and S
    • Bakery
    • Dairy
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Food Processing Machinery Market Scope

Market Report Coverage

Details

Page number

180

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.49%

Market Growth 2024-2028

USD 22.09 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.45

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 55%

Key countries

US, China, South Korea, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Alfa Laval AB, ANKO Food Machine Co. Ltd., Bigtem Makine A.S., Bucher Industries AG, Buhler AG, Duravant LLC, FENCO Food Machinery s.r.l., GEA Group AG, Hosokawa Micron Corp., Illinois Tool Works Inc., John Bean Technologies Corp., Krones AG, LEHUI, Marel Group, Nichimo Co. Ltd., SPX FLOW Inc., Tetra Laval SA, The Middleby Corp., TNA Australia Pty Ltd., and Tomra Systems ASA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global food processing machinery market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global food processing machinery market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Depositors - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Depositors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Depositors - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Depositors - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Depositors - Year-over-year growth 2023-2028 (%)
    • 6.4 Refrigeration - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Refrigeration - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Refrigeration - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Refrigeration - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Refrigeration - Year-over-year growth 2023-2028 (%)
    • 6.5 Slicers and dicers - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Slicers and dicers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Slicers and dicers - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Slicers and dicers - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Slicers and dicers - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Type
      • Exhibit 50: Market opportunity by Type ($ million)
      • Exhibit 51: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 52: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 54: Chart on Comparison by Application
      • Exhibit 55: Data Table on Comparison by Application
    • 7.3 MP and S - Market size and forecast 2023-2028
      • Exhibit 56: Chart on MP and S - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on MP and S - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on MP and S - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on MP and S - Year-over-year growth 2023-2028 (%)
    • 7.4 Bakery - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Bakery - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Bakery - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Bakery - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Bakery - Year-over-year growth 2023-2028 (%)
    • 7.5 Dairy - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Dairy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Dairy - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Dairy - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Dairy - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 70: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 72: Market opportunity by Application ($ million)
      • Exhibit 73: Data Table on Market opportunity by Application ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 76: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 South Korea - Market size and forecast 2023-2028
      • Exhibit 111: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 115: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 116: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 117: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Alfa Laval AB
              • Exhibit 127: Alfa Laval AB - Overview
              • Exhibit 128: Alfa Laval AB - Business segments
              • Exhibit 129: Alfa Laval AB - Key news
              • Exhibit 130: Alfa Laval AB - Key offerings
              • Exhibit 131: Alfa Laval AB - Segment focus
            • 12.4 ANKO Food Machine Co. Ltd.
              • Exhibit 132: ANKO Food Machine Co. Ltd. - Overview
              • Exhibit 133: ANKO Food Machine Co. Ltd. - Product / Service
              • Exhibit 134: ANKO Food Machine Co. Ltd. - Key offerings
            • 12.5 Bucher Industries AG
              • Exhibit 135: Bucher Industries AG - Overview
              • Exhibit 136: Bucher Industries AG - Business segments
              • Exhibit 137: Bucher Industries AG - Key news
              • Exhibit 138: Bucher Industries AG - Key offerings
              • Exhibit 139: Bucher Industries AG - Segment focus
            • 12.6 Buhler AG
              • Exhibit 140: Buhler AG - Overview
              • Exhibit 141: Buhler AG - Business segments
              • Exhibit 142: Buhler AG - Key offerings
              • Exhibit 143: Buhler AG - Segment focus
            • 12.7 Duravant LLC
              • Exhibit 144: Duravant LLC - Overview
              • Exhibit 145: Duravant LLC - Product / Service
              • Exhibit 146: Duravant LLC - Key offerings
            • 12.8 GEA Group AG
              • Exhibit 147: GEA Group AG - Overview
              • Exhibit 148: GEA Group AG - Business segments
              • Exhibit 149: GEA Group AG - Key offerings
              • Exhibit 150: GEA Group AG - Segment focus
            • 12.9 Hosokawa Micron Corp.
              • Exhibit 151: Hosokawa Micron Corp. - Overview
              • Exhibit 152: Hosokawa Micron Corp. - Business segments
              • Exhibit 153: Hosokawa Micron Corp. - Key offerings
              • Exhibit 154: Hosokawa Micron Corp. - Segment focus
            • 12.10 John Bean Technologies Corp.
              • Exhibit 155: John Bean Technologies Corp. - Overview
              • Exhibit 156: John Bean Technologies Corp. - Business segments
              • Exhibit 157: John Bean Technologies Corp. - Key offerings
              • Exhibit 158: John Bean Technologies Corp. - Segment focus
            • 12.11 Krones AG
              • Exhibit 159: Krones AG - Overview
              • Exhibit 160: Krones AG - Product / Service
              • Exhibit 161: Krones AG - Key offerings
            • 12.12 Marel Group
              • Exhibit 162: Marel Group - Overview
              • Exhibit 163: Marel Group - Business segments
              • Exhibit 164: Marel Group - Key news
              • Exhibit 165: Marel Group - Key offerings
              • Exhibit 166: Marel Group - Segment focus
            • 12.13 Nichimo Co. Ltd.
              • Exhibit 167: Nichimo Co. Ltd. - Overview
              • Exhibit 168: Nichimo Co. Ltd. - Product / Service
              • Exhibit 169: Nichimo Co. Ltd. - Key offerings
            • 12.14 SPX FLOW Inc.
              • Exhibit 170: SPX FLOW Inc. - Overview
              • Exhibit 171: SPX FLOW Inc. - Business segments
              • Exhibit 172: SPX FLOW Inc. - Key offerings
              • Exhibit 173: SPX FLOW Inc. - Segment focus
            • 12.15 Tetra Laval SA
              • Exhibit 174: Tetra Laval SA - Overview
              • Exhibit 175: Tetra Laval SA - Product / Service
              • Exhibit 176: Tetra Laval SA - Key offerings
            • 12.16 The Middleby Corp.
              • Exhibit 177: The Middleby Corp. - Overview
              • Exhibit 178: The Middleby Corp. - Business segments
              • Exhibit 179: The Middleby Corp. - Key offerings
              • Exhibit 180: The Middleby Corp. - Segment focus
            • 12.17 Tomra Systems ASA
              • Exhibit 181: Tomra Systems ASA - Overview
              • Exhibit 182: Tomra Systems ASA - Business segments
              • Exhibit 183: Tomra Systems ASA - Key offerings
              • Exhibit 184: Tomra Systems ASA - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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