The Food Vacuum Machine Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food Vacuum Machine Global Market Report 2024, The food vacuum machine market size has grown strongly in recent years. It will grow from $15.12 billion in 2023 to $16.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to food preservation needs, rise in convenience foods, expansion of food retail, prevention of oxidation and spoilage, stringent food safety regulations, demand for extended shelf life, reduction of food waste..
The food vacuum machine market size is expected to see strong growth in the next few years. It will grow to $21.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to consumer demand for freshness, increased focus on sustainable packaging, expansion of ready-to-eat market, innovations in machine design, demand for portability and compact machines.. Major trends in the forecast period include food preservation technologies, innovation in machine design and features, integration of smart technologies, customized packaging solutions..
The increase in demand for ready-to-eat (RTE) food is expected to propel the growth of the food vacuum machine market. Ready-to-eat food is a meal that has been prepared and packaged before serving and requires no additional preparation or cooking. Consumers have been shifting away from openly or loosely offered food products to consuming hygienically packaged fortified RTE foods using food vacuum machines due to rising literacy rates and cleanliness standards. For instance, in 2022, according to the Ministry of Commerce & Industry, India, in comparison to 2020-21 (April–October), India’s exports of ready-to-eat foods increased by 24% to $ 394 million in 2021–22 (April-October). Therefore, the rise in demand for RTE food is driving the growth of the food vacuum machine market.
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The food vacuum machine market covered in this report is segmented –
1) Food Vacuum Machine Market By Machinery Type: Chamber Vacuum Machines, External Vacuum Machines, Tray Sealing Machines
2) Food Vacuum Machine Market By Application Type: Bakery and Confectionery Products, Beverages, Meat and Seafood, Snacks and Savories, Convenience Food, Dairy and Frozen Desserts, Sauces, Dressings, Spices, and Condiments, Fruits and Vegetables, Prepared Food, Other Applications
3) Food Vacuum Machine Market By End-User Type: Industrial, Commercial, Domestic
Top Major Players
Technological innovation is a key trend in the food vacuum machine market. Companies are focusing on innovation to achieve efficiency and meet consumer demand. For instance, in December 2022, MULTIVAC, a Germany-based packaging solutions company for food, life science, & healthcare products as well as industrial items, launched the SFP Light steam flushing system. The new SFP Light steam flushing technology is expected to make it possible to immediately vacuum-pack hot food without first cooling it, in an effort to conserve energy and lengthen the shelf life of the finished product. SFP Light steam flushing technology intends to assist caterers and chefs in vacuum packing hot food without having to wait for it to cool down or waste time and energy on active cooling.
The food vacuum machine market report table of contents includes:
1. Executive Summary
2. Food Vacuum Machine Market Characteristics
3. Food Vacuum Machine Market Trends And Strategies
4. Food Vacuum Machine Market – Macro Economic Scenario
5. Global Food Vacuum Machine Market Size and Growth
…….
31. Global Food Vacuum Machine Market Competitive Benchmarking
32. Global Food Vacuum Machine Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food Vacuum Machine Market
34. Food Vacuum Machine Market Future Outlook and Potential Analysis
35. Appendix
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