Latin America Food Processing Machinery Market was worth USD 6.91 billion in 2021 and estimated to be growing at a CAGR of 6.4%, to reach USD 9.29 billion by 2026. Food processing equipment can perform various operations like slicing vegetables, pureeing, mixing and kneading dough, shredding or grating cheese or vegetables, grinding items such as nuts, seeds and others. They can also perform functions like pasteurization, fermentation, refrigeration and freezing, canning, irradiation and dehydration.
Food Processing Machinery is a complex and multi-dimensional market including all the apparatus and gear utilized as a part of business sustenance creation and bundling. The size of the market can be envisioned by considering the regularly expanding sustenance items. The market is delicate to a few factors, for example, the kind of food delivered and the handling technique utilized. Processed food offers advantages like enhanced taste, improved shelf life, low risk of contamination and easy portability.
Latin America Food Processing Machinery is driven by factors like ever rising demand for food as a result of booming population, rising demand for processed foods, increasing disposable incomes, changing preference of consumers towards packaged foods as a result of increased awareness about their benefits among others. However, this market faces challenges like consumers concerned about loss of nutrients as food is processed, addition of genetically engineered ingredients. These factors may act as growth hurdles for the Food Processing Machinery in certain regions.
The Latin America market for Food Processing Machinery is broadly categorized by type into thermal, cutting & peeling, extraction, mixer, blender & homogenizer and others. By mode of operations this industry is divided into semi-automatic and automatic segments. By application this industry is segmented into bakery & confectionery, meat, poultry & seafood, dairy, beverages and others. In this particular segment meat, poultry & seafood segments have the highest share accounting to around 30%.
Geographically the Latin America Food Processing Machinery Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Latin America is still in its nascent stages in this market. It is expected to have good potential for growth.
Key Players in the Market:
Major Key Players in the Latin America Food Processing Machinery Market are
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Cutting & Peeling
5.1.5 Blender and Homogenizer
5.1.6 Y-o-Y Growth Analysis, By Production
5.1.7 Market Attractiveness Analysis, By Production
5.1.8 Market Share Analysis, By Production
5.2 Mode of Operation
5.2.2 Fully Automatic
5.2.3 Y-o-Y Growth Analysis, By Mode of Operation
5.2.4 Market Attractiveness Analysis, By Mode of Operation
5.2.5 Market Share Analysis, By Mode of Operation
5.3.1 Bakery and Confectionery
5.3.3 Poultry and Seafood
5.3.6 Other applications
5.3.7 Y-o-Y Growth Analysis, By Application
5.3.8 Market Attractiveness Analysis, By Application
5.3.9 Market Share Analysis, By Application
5.4.4 Y-o-Y Growth Analysis, By End-Product
5.4.5 Market Attractiveness Analysis, By End-Product
5.4.6 Market Share Analysis, By End-Product
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 Mode of Operation
6.1.4 Market Attractiveness Analysis
22.214.171.124 Mode of Operation
6.1.5 Market Share Analysis
126.96.36.199 Mode of Operation
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 SPX Corporation, and Tetra Laval International S.A.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Anko Food Machine Co. Ltd.
8.3 Berkshire Hathaway Inc.
8.4 Bucher Industries
8.5 Hosokawa Micron Corp.
8.6 GEA Group
8.7 Mallet & Company
8.8 NICHIMO CO.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Talk to our analyst and get customised report done according to your research needs
Check if you can avail any discount. Submit your details and our team will get back to you.
Request to avail a free sample report that reflects this market and its growth.