Aug 06 2020 profound via comtex the global food processing equipment market size usd 89 billion by 2027.
Food processing equipment market in india.
The indian food market is estimated at over us 182 billion and accounts for about two thirds of the total indian retail market.
Global food processing equipment market will grow at a cagr of 6 9 during the forecast period to reach usd 91 8 billion by 2025 from 61 5 million in 2019 says meticulous research.
Food processing is considered as one of the fastest growing industries globally.
Demand for dairy equipment has increased significantly especially in developing economies due to greater urbanization strong base of population huge food processing industry and higher per capita incomes.
Food processing equipment market scope.
Food processing equipment market.
As a result the global dairy processing equipment market has experienced consistent growth over the years.
The global food processing equipment market was valued at us 55 853 8 mn in 2018 and is projected to increase significantly at a cagr of 6 7 from 2019 to 2028.
The global food processing equipment market is segmented on the basis of type application and geography.
The india food processing equipment market is driven by the growing need to achieve food safety and fulfil the demand of its ever increasing population.
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According to a latest market report published by transparency market research on the food processing equipment market for the period 2019 2027 wherein 2019 to 2027 is the forecast period and 2018 is the base year increase in the consumption of processed food across the globe is expected to drive the food processing equipment market.
India with a huge potential of being a food processing hub is benefited from a large agriculture sector abundant livestock and cost competitiveness looking at the investment opportunities.
The contribution of the food processing sector to gross value added gva employment and investments is significant across.