Food Product Machinery Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/26/2017
SIC Codes: 3556
NAICS Codes: 333241
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Food Product Machinery Manufacturing Industry Profile

Companies in this industry manufacture machinery used to process and produce foods and beverages. Major companies include Barry-Wehmiller, JBT Corporation, Key Technology, Paul Mueller, and SPX Flow (all based in the US), as well as Alfa Laval (Sweden), Baker Perkins (UK), and GEA Group (Germany).

Worldwide, demand for food processing machinery is forecast to rise by 7.6% per year through 2019, reaching nearly $75 billion, according to the Freedonia Group. Growth drivers include rising demand for processed foods in the developing world and for high-value foods like meats and dairy products worldwide.

The US food product machinery manufacturing industry includes about 400 companies with combined annual revenue of about $5 billion. Makers of equipment used in restaurant kitchens and other commercial food service settings are not covered in this profile.

COMPETITIVE LANDSCAPE

Demand is driven by food consumption, which depends on population growth and economic conditions. The profitability of individual companies depends on efficient operations and effective marketing. Large companies enjoy economies of scale in purchasing and an ability to offer a wide range of products, including complete food processing machinery systems. Small companies can compete by offering specialized or niche products. The US industry is concentrated: the top 50 companies account for about 70% of industry revenue.

Imports of food product machinery, which primarily come from Germany, Italy, China, the Netherlands, and Canada account for about 30% of the US market. Exports account ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Food Product Machinery Manufacturing that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options