According to a new market report published by Lucintel, the future of the food processing market looks promising with opportunities in beverage, dairy, meat & poultry, convenience food & snacks, fruits & vegetables, and seafood industries. The food processing market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $6.4 trillion by 2025 with a CAGR of 3% to 5% from 2020 to 2025. The major drivers for this market are increasing demand for ready-to-eat food products, changing lifestyle, and increase in nuclear families and working women.
Browse 122 market data tables and 144 figures spread through 237 pages and in-depth TOC on “Food Processing Market”
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In this market, different types of food processing such as beverages, dairy, meat & poultry, convenience food & snacks, fruits & vegetables, seafood, and others are used as application. Lucintel forecasts that processed fruits & vegetables segment is expected to witness the highest growth over the forecast period due to inclination of people towards vegan diet.
Within this market, organized and unorganized sectors are involved in the food processing activities. Organized sector food processing is expected to witness the highest growth during the forecast period due to significant increase in number of chain outlets, standalone eateries, and restaurant’s.
Asia Pacific will remain the largest region over the forecast period due to increasing demand towards ready-to-eat foods and increasing working professionals and students. The growing health consciousness is enabling the consumers to move towards healthy and high quality food products.
Emerging trends, which have a direct impact on the dynamics of the industry, include development of food processing technologies that reduce detrimental changes in food and maintain the nutritional value. Cargill Foods, Nestle, PepsiCo, Archer Daniels Midland, and Unilever are among the major processed food manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the food processing market by application type, end use industry, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Food Processing Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the food processing market by application type, end use industry, and region as follows:
By Application Type [$B shipment analysis from 2014 to 2025]:
BeveragesDairy Meat & PoultryBakeryConvenience Food & snacksFruits & VegetablesConfectionerySeafoodPet FoodOther Applications
By Product Type [$B shipment analysis from 2014 to 2025]:
For BeveragesAlcoholic BeveragesNon-Alcoholic BeveragesFor DairyMilk & CreamYogurt & Curdled MilkOthersFor Meat & PoultryCanned Meat & Poultry FoodFrozen Meat & Poultry FoodFor Convenience Food & SnacksReady MealsChipsNuts & SeedsOthersFor Fruits & VegetablesCannedFrozenDriedFor SeafoodCannedFrozenDriedOthers
By End Use Industry [$B shipment analysis from 2014 to 2025]:
Organized SectorUnorganized Sector
By Region [$B shipment analysis for 2014 to 2025]:
North AmericaUnited StatesCanadaMexicoEuropeUnited KingdomGermanyAsia PacificJapanChinaThe Rest of the World
This 237-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/food-processing-market.aspx or email@example.com.
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