Global Food Processing Industry Analysis
The global market for machinery and equipment used in the global food manufacturing process involves the production of finished food products from raw ingredients,with processing lengthening the shelf life of products and adhering to hygiene and health standards. Legislative measures to enforce standards of health and hygiene are fuelling the market,along with better-informed consumers,and new food processing practices and products.
Companies involved in drink processing,and food packaging and sterilization are adapting to evolving regulations.Location is also important as proximity to raw materials and the final site cuts down on transport and distribution costs.
The food processing industry is characterized by intense competition,with the most reliable firms performing well by focusing on efficiency in terms of fast processing and distribution. The global economic recession had less effect on the food processing industry than other industries due to rising demand for pre-packaged food.The industry is becoming increasingly automated,and is therefore seeing labor costs decline.The advantages of food processing include greater food consistency,longer shelf life,removal of toxins,reduction of foodborne diseases and cheaper food.
Key Food Processing Segment
The global fresh meat market is driven by a rising global population and extensive urbanization.Asia-Pacific demand is growing in tandem with disposable incomes and meat consumption.Leading companies operating in this market segment include Cargill Meat Solutions,Dawn Farm Foods,Amadori Group and Kraft Foods.
Regional Food Processing Market Share
Asia-Pacific leads the food processing industry in terms of market share.Market growth in countries in Eastern Europe and Asia-Pacific continues as developing countries enjoy a more favorable economic climate,with larger disposable incomes and improved living standards.Demand for food that is light on preparation time continues to grow in developed countries.Germany,The US,France and Austria are among the major exporters of food processing machinery while the US,the UK,Germany and France lead in importing.
China's processed food industry is expected to continue showing growth,mainly due to higher standards of living and improved economic conditions,reports RNCOS.China's processed food market was left relatively unscathed by the economic downturn.Growth will continue to be lead by meat processing.Other leading food market segments in China are dairy products and ready meals.Growth will likely continue as China's 25% rate of processed food production catches up with the average 80% rate in developed nations such as the US.
Food Processing Market Outlook
The main driving force behind the global food industry is technological innovation,which concentrates on satisfying consumer demand for more tastes and easy-to-prepare foods.Companies are focusing on innovation to boost profits,with 60% of large companies and over 40% of medium sized enterprises investing in process and product innovation.Over 99% of the EU food and beverage industry is comprised of small-and-medium-sized enterprises.Danish,French and Greek food processing companies dedicate a sizeable part of their profit to research and development,while other countries such as Austria,Hungary and the Czech Republic lag further behind.