Global demand for food and beverage processing machines is forecast to expand 3.8% p.a. between 2015 and 2019. India, Japan, Latvia, the United Kingdom and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global food and beverage processing machine industry is forecast to reach 3.8% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 6.4%. Currently, commercial equipment for cooking and heating food and for making hot drinks accounts for 20.0% of the global demand while the remaining market share is divided between bakery and pasta making machines (12.3%), poultry and meat processing machines (8.7%), cereal and dried legume processing machines (5.1%), chocolate, confectionery and cocoa processing machines (4.8%), animal and fixed vegetable fat and oil processing machinery (3.0%), vegetable, fruit and nut processing machines (2.3%), brewery machines (2.2%), bakery and biscuit ovens (2.1%), dairy machines (2.1%), sugar processing machines (2.0%), dryers for agricultural products (1.8%), crushers and presses for fruit juice, wine and other beverages (1.1%), cream separators (0.3%), other food and beverage processing machines (13.1%) and parts for food and beverage processing machines (19.1%).
India, Italy, Japan, Thailand and the United States represent the largest food and beverage processing machine markets while the strongest annual growth is forecast to occur in Latvia (15.2%), the United States (10.3%), Jordan (10.0%), the United Kingdom (9.9%) and Egypt (8.7%).
