Food Processing Machinery Markets are expected to grow as due to Dynamic consume

Posted by miky santhosh on September 20th, 2018

Overview

Food Processing equipment is a complicated and multi-dimensional market consisting of all of the apparatus and tools utilized as part of commercial enterprise sustenance creation. the size of the market may be envisioned via considering the frequently expanding sustenance objects. The market is fragile to  few elements, for example, the kind of foods added and the coping with approach applied. Processed food gives positives like enhanced taste, improved shelf life, low danger of infection and easy portability.

Global Market was worth USD 57.57 billion in 2018 and estimated to be growing at a CAGR of 7.3%, to reach USD 81.88 billion by 2023. Food processing equipment performs various operations like  shredding or grating cheese or vegetables, pureeing, mixing and kneading dough,  slicing vegetables,  grinding items such as nuts, seeds and others. They can also perform functions like fermentation,  refrigeration, pasteurization, and freezing, dehydration, canning and irradiation.

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Drivers and Restraints:

The Global market is driven by factors like ever rising demand for food as a result of increasing population, increasing demand for processed foods, rising disposable incomes, dynamic consumer preferences towards packaged foods as a result of increased awareness about their benefits. Even though, this market faces certain hurdles as consumers are concerned about the loss of nutrients as the food is being processed, addition of genetically engineered ingredients.

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