Market overview
The MRFR reports suggest that the global food processor market will likely record substantial growth during the review timeframe ending in 2027.
Food processor refers to the electric appliance that has been used for better shredding, slicing, and at high speed. They mainly include the blenders and the blenders that include the blades primarily. These processors have been gaining massive traction across the globe in recent years. The market has recorded enormous growth in the past few decades owing mainly to the growing awareness of the business benefits globally. Furthermore, the growing research and developments by the leading market players are also likely to catalyze the growth of the food processor market share over the forecasted era. However, the market's growth is likely to be restricted by the high prices associated with these food processors and the availability of alternatives across the market. Nevertheless, the continuous technological innovations are likely to offer lucrative opportunities to the market players over the coming years.
Segment Analysis
The global food processing market has been divided into several segments based on type, technology, application, and region.
Based on type, the global market for food processors market trends is divided into the full-sized processor with choppers and slicers.
The food processors market is split into the beverage, meat, and dairy processing with continuous technology-based feed.
The global market for food processors is fragmented into vegetable, fruits, and bakery processing based on application.
Regional Analysis
The global food processors market is studied across five major regions: Europe, Asia-Pacific, North America, South America, and the Middle East & Africa.
According to the MRFR reports, the Asia-Pacific region will dominate the global food processors market over the forecasted era. The primary aspect causing an upsurge in the regional market's growth is increased technological innovation. Furthermore, the presence of RTE manufacturers across the globe is another crucial factor boosting the regional market's growth.
The North American regional food processors market will acquire substantial size over the review timeframe. The regional market's growth is being driven by the growth in the use of the food processor across countries like Canada and the US.
The European region is projected to record significant growth over the assessment era. The countries like the UK and Germany are emerging to be the leading markets across the globe.
Competitive Analysis
The global food processor market has an intensely competitive landscape. The players across the global market are adopting several new strategies such as partnerships, mergers, and acquisitions to strengthen their global market footprint. The leading players in the global food processors market include Buhler AG, KRONES AG, GEA Group, Thurne, and several others.
Recent Developments
- January 2022 – Brazilian food processor BRF's BRFS3.SA shareholders announced the approval on a follow-on share offering. The capital increase will occur via the issuing of 325 million new common shares. As per the latest closing, the offering could increase to USD1.45 billion.
- January 2022- A Nigerian food-processing company, GraceCo, announced the building of own machinery to boost production. An executive at GraceCo, Tunji Kalejaiye, said he had developed a unique machine to manufacture ogi to deal with the packaging issue. He further added that he had to develop a piece of machinery himself to boost ogi production. They are presently testing the machinery and hoping to launch it to the market in the next 18 to 24 months. Once the testing is done, he plans to patent the technology as one of the first machines in Nigeria to mass-produce ogi.
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