Processed Food's Increased Demand Means Big Opportunities For Equipment Manufacturers
By Isaac Fletcher, contributing writer, Food Online
A handful of influential factors have caused an increased demand for processed and packaged food, encouraging food producers to up production and invest heavily in food processing equipment and machinery
In an upcoming report by Global Industry Analysts, industry experts will release their analysis on the trends and factors impacting the market for food processing machinery and equipment. The aim of the research project is to offer accurate assessment of global market developments such as major technologies, new trends, and industry challenges.
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It should come as little surprise that the market for food processing equipment is closely linked to the health of the food and beverage industry. A burgeoning food and beverage industry means producers need to meet extra demand by investing in capital, thusly increasing demand for machinery and equipment. Accordingly, the growing demand for processed and packaged food is providing food processing equipment manufacturers a strong incentive to step up production capacities. The increased consumption of processed foods is driven by rising income levels, less time for preparing home cooked meals, a rise in the number of working women, increased discretionary spending, and the growth in the number of nuclear families. Additionally, there is a growing emphasis on nutrition, causing a shift in preference toward convenience foods, animal protein, and dairy products.
Adapting High Pressure To Your Operation
As food and beverage producers ramp up production, the food processing machinery and equipment market is postured to benefit. In addition to increased production capacity, many equipment manufacturers are planning capital investment for plant infrastructure and machinery. Currently, developed countries account for a dominant share of the global demand for food processing equipment, but a sizable portion of future market growth is projected to come from Asia-Pacific, Latin America, and other developing regions.
The growth in these regions will be the result of the rising importance of agro-processing brought about by developments and improvements in the global processed food trade. As the market share of processed food products grows in countries such as China and India that are agricultural exporters, there is an increased rate of investment in establishing new food processing units. Furthermore, an increased rate of foreign direct investments (FDI) coupled with rising pressure to meet strict food quality and safety standards is encouraging plant upgrades and creating equipment replacement demand.