Food Processing & Handling Equipment Market size, share & Forecast
The Food Processing & Handling Equipment Market is expected to reach USD 200 billion by 2026, growing at a CAGR of 6.2% over the forecast period (2019-2026). The factors driving growth of the Food Processing & Handling Equipment Market includes growing demand for meats and confectionary products, increasing consumers inclination towards adopting healthy lifestyles, expansion of the processing industry and improvements in the living standards. Moreover, growing adoption of automated processing technology by manufacturers, increasing popularity of ready-to-eat food products, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major companies on research and development, strategic mergers, and collaborations between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth. ...