Food Product Machinery Manufacturing Market Was Valued At $10 Billion In 2017 According To TBRC’s Latest Report

Food product machinery manufacturing market comprise establishments manufacturing equipment such as dairy product plant machinery and equipment, bakery machinery and equipment, meat and poultry processing and preparation machinery, and...

Food product machinery manufacturing market comprise establishments manufacturing equipment such as dairy product plant machinery and equipment, bakery machinery and equipment, meat and poultry processing and preparation machinery, and other commercial food products machinery.

 

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The global food product machinery manufacturing market was valued at $10 billion in 2017, and is expected to increase because of its features such as high-temperature cooking, impingement, convection, super-heated vapor, and linear or spiral cooking.

North America was the largest geographic region in the food product machinery manufacturing market in 2017, accounting for one-third of the market share.

The food product machinery manufacturing market is split into segments: dairy product plant machinery and equipment, bakery machinery and equipment, meat and poultry processing and preparation machinery and other commercial food products machinery.

 

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The USA was the largest country in the market, accounting for nearly one- fifth of the food product machinery manufacturing market in 2017. This was mainly due to high number of manufacturing establishments and activity in the country. The country’s large population and government initiatives also boosted the market for construction and energy generation. The USA was followed by China and India as the next largest countries in the market.

 

The top five competitors in the market are Tetra Laval International S A, Buhler AG, GEA Group, Krones AG, and John Bean Technologies. Tetra Laval Group provides packaging, processing and distribution solutions for a range of foodstuffs, including liquids, fruit and vegetables, ice-cream and processed food, additionally offering systems for agricultural production and herd management. The group operates in five business segments: milk production, food preparation, food processing, food packaging and food distribution.

 

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