Southeast Asia Food Processing Equipment Market Grow At A CAGR of 4.7% by 2025

Posted by Swati Tamhankar on June 21st, 2019

Southeast Asia food processing equipment market size was valued at $ 993.90 million in 2017, and is projected to reach $ 1,434.89 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. The meat, poultry, and seafood processing equipment segment dominated the market in 2017, and accounted for about half of the market share, in terms of revenue.

The demand for processed food has increased due to rapid change in the lifestyle of people globally. Thus, the food processing companies have upgraded the machineries, which can offer high processing capacity to meet the growth in demand. Moreover, manufacturers have focused on customer needs while maintaining the global quality standards. Furthermore, surge in demand for processed quality food is expected to be the major factor that drives the growth of the Southeast Asia food processing equipment market.

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The meat, poultry, and seafood processing equipment was dominant segment in 2017 due to the rise in meat consumption in regions such as Indonesia, Philippines, Vietnam, and Malaysia. According to Food and Agriculture Organization (FAO), consumption of meat has been growing at 5 – 6% per annum as compared to 3.4 – 3.8% for milk and dairy products during 2015 – 2020. The bakery processing equipment segment is expected to witness higher growth rate as compared to others, growing at a CAGR of 6.3% through the forecast period.

In 2017, Indonesia dominated the market due to increase in demand for food processing machines and high machinery import in 2017. Indonesia is expected to be the highest growing region during the forecast period.

Key Benefits for Southeast Asia Food Processing Equipment Market:

• The report presents an in-depth analysis of the current trends, drivers, and dynamics of the Southeast Asia food processing equipment market to elucidate the prevailing opportunities and tap the investment pockets.
• It offers qualitative trends and quantitative analysis of the global market for the period of 2018-2025 to assist stakeholders to understand the market scenario.
• In-depth analysis of the key segments demonstrates the types of food processing equipment available.
• Competitive intelligence of the industry highlights the business practices followed by key players across geographies and the prevailing market opportunities.
• Key players and their strategies and developments are profiled to understand the competitive outlook of the market. 

 Southeast Asia Food Processing Equipment Key Market Segments:

By Type

• Meat, Poultry, and Seafood Processing Equipment
• Bakery Processing Equipment
• Beverage Processing Equipment
• Dairy Processing Equipment
• Chocolate and Confectionery Processing Equipment
• Fruits and Vegetables Processing Equipment
• Other Food Processing Equipment

By Geography

• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Singapore
• Rest of Southeast Asia

Key Players

• Alfa Laval AB
• Auto Kinetics (M) Sdn Bhd
• Baader Group
• Bucher Industries AG
• Buhler AG
• Emura Food Machine Co.
• Euroasia Food Equipment Sdn Bhd
• GEA Group AG
• Gold Peg International Pty Ltd
• Heat and Control Inc.
• Keto Agricultural Engineering Sdn. Bhd.
• Key Technology Inc.
• Krones AG
• Marel HF
• Marlen International
• Nichimo International Inc.
• Paul Mueller Company
• Tetra Pak International S.A.
• The Middleby Corporation
• Topsteel Holdings Pte Ltd
• Yanagiya Machinery Co. Ltd.

Sources: https://www.prnewswire.com/news-releases/southeast-asia-food-processing-equipment-market-to-reach-1-434-9-mn-by-2025-allied-market-research-846155581.html