Food Processing Machinery Market To Reach US$43B By 2010, According To New Report By Global Industry Analysts, Inc.

San Jose, CA - Food processing machinery is linked to the structure, behavior and trends in the food processing industry. Over the years, significant changes have taken place in the industry due to various parameters such as changing food habits, population growth, longer life expectancy, and limited number of children in each family. Each of the above factors wields a strong impact on food consumption patterns. Food processing is increasingly becoming scientific and research oriented in developed countries with growing awareness of health and food quality among consumers. Manufacturers are focusing on new technological innovations to stay competitive. Companies are developing new technologies that improve product quality, shelf life and reduce use of preservatives in the manufacture of prepared foods.

Asia Pacific is the largest market worldwide, worth an estimated US$12.2B in 2007, as stated by Global Industry Analysts, Inc. Europe is the second largest regional market followed by United States at third position. Collectively, Europe, US and Japan account for about 75 percent of the global food processing machinery market. The global and regional markets are expected to register CAGRs ranging between 2% and 7%. Meat Processing Equipment represents the largest segment with sales estimated at US$7.2B in 2007. Beverage processing machinery is expected to garner sales worth US$6.9B by 2010. The market for dairy products processing machinery is projected to grow at a CAGR of 4.2% through 2010.

The global marketplace is shared among large multinationals with diversified businesses, narrowly focused specialists and a large number of small firms serving local markets. Market participants include Atlas Pacific Engineering Co Inc., Bucher Industries AG, Buhler AG, Convenience Food Systems BV, FMC Technologies Inc., GEA, Heat and Control Inc, Invensys PLC/APV, Key Technology Inc, Marel Food Systems/Scanvaegt International A/S, Meyn Food Processing Technology BV, Rheon Automatic Machinery, SASIB Beverage and Food Inc, Satake Corporation, Stork NV, Tetra-Laval International SA and Wenger Manufacturing Inc.

SOURCE: Global Industry Analysts, Inc.