Food Processing Equipment Market In India

Aug 06 2020 profound via comtex the global food processing equipment market size usd 89 billion by 2027.

Food processing equipment market in india.

The global food processing equipment market is segmented on the basis of type application and geography. Food processing is considered as one of the fastest growing industries globally. The marketwatch news department was not involved in the creation of this content. Table of content chapter 1 about the food processing equipment industry 1 1 industry definition and types 1 1 1 frozen food processing machinery 1 1 2 baking food processing machinery 1 1 3 pastry biscuit processing machinery 1 1 1 4 seafood food processing machinery 1 1 1 5 meat food processing machinery 1 1 1 6 leather food processing machinery 1 2 main market activities 1 3 similar industries.

Food processing equipment market. The india food processing equipment market is driven by the growing need to achieve food safety and fulfil the demand of its ever increasing population. Additionally increasing awareness among the population pertaining to food safety and health consciousness is further expected to propel the market growth through 2025. The indian food market is estimated at over us 182 billion and accounts for about two thirds of the total indian retail market.

The global food processing equipment market was valued at us 55 853 8 mn in 2018 and is projected to increase significantly at a cagr of 6 7 from 2019 to 2028. The contribution of the food processing sector to gross value added gva employment and investments is significant across. According to a latest market report published by transparency market research on the food processing equipment market for the period 2019 2027 wherein 2019 to 2027 is the forecast period and 2018 is the base year increase in the consumption of processed food across the globe is expected to drive the food processing equipment market. Global food processing equipment market will grow at a cagr of 6 9 during the forecast period to reach usd 91 8 billion by 2025 from 61 5 million in 2019 says meticulous research.

Demand for dairy equipment has increased significantly especially in developing economies due to greater urbanization strong base of population huge food processing industry and higher per capita incomes. India with a huge potential of being a food processing hub is benefited from a large agriculture sector abundant livestock and cost competitiveness looking at the investment opportunities.