Market Overview

A food processor is a high-speed electric tool for slicing, shredding, mincing, chopping, pureeing, and drying. Consumers are increasingly interested in food processors that are like blenders, and blenders with interchangeable blades and disks rather than a fixed blade. Unlike a blender, which needs a certain amount of liquid for the particles to travel around the blade, the food processor only requires a small amount of liquid to operate. Due to its growing use in restaurants, bakeries, and homes, various forms of food processor coffee grinders, bread machine, and electric pressure cooking are in high demand. An estimate of the forecast attempts to state that the forecast of the food processor market size emerges for analyzing the key driving factors and it influences the market at the regional level also.

Market Dynamics

Increased demand for meat and poultry, as well as increased consumption of processed foods, are expected to fuel market growth over the forecast period, thanks to population growth and increasing per capita disposable income. Because of their inherent advantages, such as quality control, durability, hygiene, and preservation, these systems are commonly used in a variety of applications, including bakery and confectionery, meat, seafood and poultry, dairy, and grains. The product is increasingly being used in end-use industries, especially in Asia Pacific, where rising domestic manufacturing and consumer income levels are driving this sector's innovation. For the marine industry, farmed fish solutions had offered a convenient solution to the demand-supply imbalance. Fresh and processed fish, on the other hand, saw a price increase. The market's favorable economic situation and future customers are two of the most important factors ensuring the market's significant growth over the projected period.

Despite the fact that the global number of malnourished people has decreased by a significant percentage, the global situation of undernourished people remains critical. Rising population, dietary changes, and increased purchasing power all affect market growth, putting pressure on the industry to meet the world's ever-increasing demand.

To strengthen the world's food quality, more emissions control policies and food losses must be implemented. Ordinary and advanced processing equipment will easily produce these results. Over the prognosis period, this is expected to generate opportunities for equipment manufacturers.

Segmental Analysis

Food processor has been segmented on the basis of type which comprises full sized food processor, slicer/choppers, grinder, blender, hand operated, mini food processor and others.

Food processor has been segmented on the basis of technology which batch bowl, continuous feed, bowl and continuous feed, buffalo choppers and others.

Food processor has been segmented on the basis of application which comprises dairy processing, meat/poultry processing, beverage processing, bakery, fruit and vegetable processing and others.

Regional Analysis

The global food processor market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW).

Asia Pacific has the largest share of the market, followed by North America. The growth of various types of food processors in the Asia Pacific region is being driven by advances in technology and application of food processors by RTE (Ready to Eat) product manufacturers. Due to growing population, increasing foreign direct investments, rising disposable income, and shifting tastes, the food and beverage market in developing regions such as Asia Pacific is expected to dominate in the coming years. Furthermore, the demand for leisure food in China, India, Indonesia, Malaysia, Japan, and other countries is expected to boost the industry's growth, thereby stimulating product demand in the coming years.

The food processor demand in North America is being fueled by increased use of food processors in the United States and Canada. The United States is one of the most urbanized countries in the world, with about 80% of the population residing in cities. Food tastes have been affected as a result, which has aided the development of the food processing industry. However, since this is an established market, product demand is expected to rise slowly over the forecast period.

Competitive Analysis

The key players profiled in the food processor market are as GEA Group (Germany), Anko Food Machine Co. Ltd (Taiwan), KRONES AG (Germany), Thurne (U.K.), Shanghai Shininess Industrial Co. Ltd., (China), Buhler AG (Switzerland) and Unified Brands (U.S.).