NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/11/24 - The US food processing machinery revenue is anticipated to reach around US$ 3.9 Billion by 2014, growing at a CAGR of around 5% during 2009-2014, acknowledged RNCOS.
The US food processing market is undergoing major changes due to the rapid technological advancements and tightening of environmental and hygienic regulations. Manufacturers of food and beverage processing, sterilization, conservation and packaging machineries, especially those dealing with meat and dairy products are focusing on addressing these changes in order to exploit new opportunities. Reliability and efficiency of the equipment, extensive distribution facilities, and effective service are key factors for success in this highly competitive industry, says our new research report,“US Food Processing Machinery Market”. Thus, the report reveals that the US food processing machinery market is anticipated to grow at a CAGR of around 5% during 2009-2014.
Our research identified that, continued expansion overseas is the market's logical progression for the dairy processing industry. While there is still room for growth, the US dairy market is fairly mature, meaning that domestic consumption of dairy products has begun to level off. Both developing and developed markets account for about 96% of all consumers, which is simply too broad consumer base to ignore. This substantial percentage of consumers settled in abroad is due in large part to the changing socioeconomic landscape of the developing countries, specifically in Asia. With increase in disposable incomes in the developing nations including China and India, diets are likely to change and include more nutrient-rich foods such as dairy products.
On the competitive front, the US food processing equipment industry is composed of a variety of producers, ranging from small, privately held firms that manufacture one or a few types of machinery to large multinational corporations that offer a variety of equipment types and allied services such as retrofitting and process line engineering.
Our report “US Food Processing Machinery Market”, presents extensive information and rational analysis of the US food processing machinery market with a special focus on current market drivers and trends, industrial developments, and competitive landscapes to enable clients understand the market structure and its progress in the coming years. Moreover, it provides an insight into different food processing segments in the US along with an analysis of existing and new products to present an overview of the developments taking place in the US food processing machinery market.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.