The latest market research report by Technavio on the global industrial food slicers market predicts a CAGR of over 8% during the period 2018-2022.
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Technavio has published a new market research report on the global industrial food slicers market 2018-2022 under their food and beverage library. (Graphic: Business Wire)
The report segments the global industrial food slicers market by application (potatoes, meat and poultry, fruits and vegetables, and others) and by geography (the Americas, APAC, and EMEA). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global industrial food slicers market, according to Technavio food and beverage researchers:
- Growing demand for processed and packaged food products: a major market driver
- In 2017, the fruits and vegetables segment dominated the market by occupying almost 33% share
- The Americas dominated the global industrial food slicers market with over 41% share in 2017
- EMURA FOOD MACHINE, GEA Group, Hifferman-group, TREIF Maschinenbau, Urschel Laboratories, and Weber Maschinenbau are some of the leading players in the market
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Growing demand for processed and packaged food products: a major market driver
Growing demand for processed and packaged food products is one of the major factors driving the global industrial food slicers market. Food safety requirements and the inclination toward packaged food products are growing globally. Processed food products are prepared by various physical and chemical treatments in food processing plants. Processed food products are also available in frozen forms, which helps in ensuring the safety of food products.
According to a senior analyst at Technavio for food service research, “Processed and packaged food products are likely to witness an increase in demand during the forecast period. This is mainly due to the convenience factor associated with these food products. The rich protein content present in processed food products will also lead to an increase in demand for processed and packaged food products among consumers with a busy lifestyle.”
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Segmentation by application
The industrial food slicers market for fruits and vegetables (excluding potatoes) dominated the overall market in 2017. Dehydrated fruits and vegetables are now available in processed and packaged forms with improved shelf life. Health benefits offered by the fruits and vegetables segment as compared to other food products are driving the demand for processed fruits and vegetables.
Americas: largest industrial food slicers market
Technavio researchers anticipate high growth for the global industrial food slicers market in the Americas due to growing consumer inclination toward processed food products and growing demand for processed food exports from the Americas. Also, the strong presence of established vendors that offer industrial food slicers and the growing demand for ready-to-eat and ready-to-cook food products are driving the market for industrial food slicers in EMEA. The growth of the industrial food slicers market in APAC is driven by the presence of countries with high production capacities for fruits and vegetables and government support to propel the growth of the food processing sector in various countries of the region.
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