Food Processing Equipment Market In India
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As a result the global dairy processing equipment market has experienced consistent growth over the years.
Food processing equipment market in india. India continued to be. Food processing is considered as one of the fastest growing industries globally. Food processing equipment market. Additionally increasing awareness among the population pertaining to food safety and health consciousness is further expected to propel the market growth through 2025.
According to a latest market report published by transparency market research on the food processing equipment market for the period 2019 2027 wherein 2019 to 2027 is the forecast period and 2018 is the base year increase in the consumption of processed food across the globe is expected to drive the food processing equipment market. India with a huge potential of being a food processing hub is benefited from a large agriculture sector abundant livestock and cost competitiveness looking at the investment opportunities. Global food processing equipment market will grow at a cagr of 6 9 during the forecast period to reach usd 91 8 billion by 2025 from 61 5 million in 2019 says meticulous research. The global food processing equipment market was valued at us 55 853 8 mn in 2018 and is projected to increase significantly at a cagr of 6 7 from 2019 to 2028.
Food processing equipment market scope. The contribution of the food processing sector to gross value added gva employment and investments is significant across. The indian food market is estimated at over us 182 billion and accounts for about two thirds of the total indian retail market. The global food processing equipment market is segmented on the basis of type application and geography.
The marketwatch news department was not involved in the creation of this content. The india food processing equipment market is driven by the growing need to achieve food safety and fulfil the demand of its ever increasing population.
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