World Food Processing Machinery to 2016
Global sales of food processing machinery are expected to climb approximately seven
percent per year to $53 billion in 2016, accelerating from the 2006-2011 rate of expansion.
The main impetus for gains in the food processing equipment industry will come from
greater demand for processed foods in developing nations as personal incomes rise.
Furthermore, continuing recoveries in the economies of developed nations from the global
recession of 2009 will cause the fixed investment environment to improve, encouraging
food processors to upgrade their machinery. However, improvements in the productivity
and durability of new units will limit sales of food processing equipment going forward, as
operators will have to purchase fewer machines to achieve the desired boost to capacity.
Asia/Pacific region to see fastest gains in demand
The Asia/Pacific region will record the fastest demand gains from 2011 to 2016, averaging
almost 10 percent per year. The strong Chinese market will be the primary driver of regional
sales, as demand in the country will continue to grow at a rapid pace despite moderating
from the 2006-2011 rate. Healthy growth in India, Indonesia, and Thailand will complement
sales gains in China. Rising personal incomes will spur increased demand for processed
foods and a dietary shift towards more meats and other more costly, non-staple items. Sales
of food processing machinery in other developing areas of the world will also, on average,
climb at a healthy pace.
Growth in food processing machinery demand in the world’s developed economies was
much slower than in industrializing nations between 2006 and 2011, and sales gains in most
developed nations will continue to trail the world average through 2016. The food
manufacturing industries in these countries are very mature, with relatively stable dietary
preferences and consistently high personal incomes, and as a result there will be fewer
growth prospects for food processing machinery manufacturers.
China was the largest manufacturer of food processing machinery worldwide in 2011,
followed by the US, Germany, and Japan. This industry is highly fragmented with many small
producers of specialized machinery, and firms that supply food processing machinery tend
to manufacture the majority of these units at their headquarters location. Relative to
demand, shipments of food processing equipment are more concentrated in developed
nations, as these countries have extensive technical manufacturing expertise, and most of
the leading suppliers are headquartered here. This is particularly true for large,
technologically advanced machines and equipment designed for complex, delicate
Meat, poultry & seafood processing machinery to be fastest growing segment
Industrial baking equipment (including pasta machinery) represents the largest segment of
the market. This product type will also post the largest value gains through 2016, reflecting
the basic and essential nature of the food made by these units. However, machinery for
processing meat, poultry, and seafood will post the fastest growth in percentage terms, as
rising incomes in many developed nations will shift consumption toward higher-value
products like meat. This trend will be complemented by increasing meat consumption in
developed nations as their economies continue to recover and families can afford to
purchase more meat products.
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Published: November 2012
No. of Pages: 352
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