DUBLIN--(BUSINESS WIRE)--The "Prepared Food Equipment Market by Type (Pre-processing, Processing, Packaging), Application (Snack & Savory Products, Ready-to-eat Products), Mode of Operation (Automatic, Semi-automatic, Manual), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The prepared food equipment market is projected to reach USD 11.23 billion by 2023, from USD 8.41 billion in 2018, at a CAGR of 5.95% between 2018 and 2023.
The market is driven by the increasing disposable income of the population. The high cost associated with advanced prepared food equipment and lack of technical awareness are expected to restrain the market growth.
The packaging segment is projected to grow at the highest CAGR during the forecast period. The packaging segment is further segmented in primary and secondary packaging. Primary packaging is in direct contact with the food wherein secondary packaging is used to cover the packaged products. Packaging of prepared food products is carried out to avoid contamination of the products, reduce wastage during transport & handling, and to extend their shelf life.
The automatic segment is projected to grow at the highest CAGR during the forecast period. The ease of use and higher production of food products in lesser time drive the market for automated prepared food equipment.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Prepared Food Equipment Market, By Mode of Operation
7 Prepared Food Equipment Market, By Type
8 Prepared Food Equipment Market, By Application
9 Prepared Food Equipment Market, By Region
10 Patent Analysis
11 Competitive Landscape
12 Company Profiles
- GEA Group
- Alfa Laval
- The Middleby Corporation
- Welbilt (The Manitowoc Company)
- Hughes Equipment Company
- Heat and Control, Inc.
- Bigtem Makine
- HUP Sheng Machinery & Industry
For more information about this report visit https://www.researchandmarkets.com/research/5hzjlb/prepared_food?w=4