Study: Demand for high-quality food expands market for food processing equipment
The trend of automation in the food and beverages is propelling growth.
The food processing equipment market is gaining traction on the back of booming processed and packaged food and beverages sector globally. The increase in health-conscious consumers changes preferences for dietary requirements. And, several government organizations are implementing policies to support the adoption of food processing equipment to ensure the quality of products.
As a result, the food processing equipment market is estimated to grab a value of $70,510.1 million by 2022 and exhibit CAGR of 6.7% over the forecast period from 2017-2022, according to a study presented by Transparency Market Research, Albany, N.Y.