Food Processing Machinery Market to Reach US$43 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

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Driven by changes in the socio-economic structure, growing acceptance of processed food in non-traditional markets, and changing dynamics in the food processing industry, the market for food processing equipment is expected to reach US$43 billion by 2010.

Food Processing Machinery and Equipment: A Global Strategic Business Report

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$12.2 billion 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$7.2 billion in 2007. Beverage processing machinery is expected to garner sales worth US$6.9 billion 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.

"Food Processing Machinery and Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, players, competition, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and rest of world countries. Analytics are provided in terms of product segments including Meat/Poultry Processing Machinery, Fish/Seafood Processing Machinery, Dry Foods Processing Machinery, Beverage Processing Machinery, Pre-Prepared Foods Processing Machinery, Dairy Products Processing Machinery, Fruit/Vegetable Processing Machinery, Grain Mill Processing Machinery, Fats & Oil Processing Machinery and Multi-Products/General Purpose Processing Machinery.

For more details about this research report, please visit http://www.strategyr.com/MCP-2557.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR.com
Web Site http://www.StrategyR.com

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