North America Expected to Have the Highest Food Processing Equipment Market Share by 2020
From Digital Journal
Persistence Market Research Pvt. Ltd is released new forthcoming report on title “Food Processing Equipment Market: Global Industry Analysis and Forecast to 2020”. The report finds that Asia Pacific is one of the fastest growing markets for food processing equipment. The market is driven by increasing demand of processed food products in emerging and developing countries including India, China, Indonesia and Thailand. In Asia Pacific region, China accounts for the largest market in food processing equipment. According to Italian Trade Commission, the total market size of the Indian food processing industry is expected to be reaching around USD 330.0 billion by 2014-15.
In North America region, the U.S. accounts for the largest market in food processing equipment. Growing awareness level regarding new food products, rising economy, investment on research and development over food processing equipment are some of key reason, which drive the food processing market in European region. Global food processing equipment market is expected to grow in single digit growth during forecasted period 2014- 2020.
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