Study: Global food processing equipment market to reach $85.59B by 2025
The processing equipment type segment is expected to witness the fastest growth over the forecast period.
The global food processing equipment market size is anticipated to reach $85.59 billion by 2025, according to a new report published by Grand View Research, Inc., San Francisco.
Driven by growing demand for processed and ready-to-eat (RTE) food products across the globe, the market is projected to expand at a CAGR of 6.2% over the forecast period. Strict government regulations regarding the hygiene and standardization of food products will further drive the demand for food processing equipment. Increasing demand for meat, poultry and seafood is also predicted to support the market growth in the coming years. Furthermore, growing trend of industrial automation coupled with easy availability of these units will spur the market development.