Global Demand for Food Processing Machinery to Exceed US$53 BLN in 2016

Global sales of food processing machinery are expected to climb 7.3% per year to US$53.3 billion in 2016. The main impetus for gains will come from increased demand for processed foods in developing nations as personal incomes rise, according to a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
   The Asia/Pacific region will record the fastest demand gains from 2011 through 2016, averaging 9.5% per year. The strong Chinese market will be the primary driver of regional sales, as demand in the country will continue to advance at a rapid pace despite moderating from the 2006-2011 rate. Healthy growth in India, Indonesia, and Thailand will complement sales gains in China. Rising personal incomes will spur increased demand for processed foods and a dietary shift toward more costly, non-staple items, while advancing industrialization in these nations will make it more efficient to process basic foods such as grains, fruits, vegetables, and nuts by machine rather than manually. Sales of food processing machinery in other developing areas of the world will, generally speaking, climb at a healthy pace.
World Food Processing Machinery Demand (billion US$)
Item    2006    2011    2016    2006-2011 YoY growth    2011-2016 YoY Growth
Food Processing    Machinery Demand    27050    37400    53250    6.7            7.3

North America    5480    6480    8185    3.4            4.8
Western Europe     6275    7200    8920    2.8            4.4
Asia/Pacific    8760    14050    22150    9.9            9.5
Central & South America    2880    4275    6355    8.2            8.3
Eastern Europe    2120    3095    4290    7.9            6.7
Africa/Mideast    1535    2300    3350    8.4            7.8