Demand for food processing machinery projected to rise nearly 8% per year

According to a new report from the Freedonia Research Group, worldwide demand for food processing machinery is projected to advance nearly eight percent per annum to $73 billion in 2019.

Driving the growth are six major trends, according to the research group:

  • the transition from manual food processing to mechanical food processing in developing countries
  • the replacement of older food processing equipment worldwide
  • increasing demand for processed foods in developing countries as personal incomes rise and urbanization increases
  • a worldwide dietary shift toward higher value-added foods
  • the development of new health and organic food and beverage products
  • government initiatives to support local food and beverage production in countries like Indonesia and Russia.