DUBLIN, October 10, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Food Processing Machinery Market in the US 2016-2020" report to their offering.
The report forecasts the food processing machinery in US to grow at a CAGR of 2.37% during the period 2016-2020.
Rise of contract manufacturers will be a key trend for market growth. Food and beverage companies are partnering with contract manufacturers to cut overhead costs, remain competitive in the market, and maintain consistency. Contract manufacturers help in providing manufacturing services to food and beverage companies. They produce the given product by using food formulas and processing procedures provided by the company. By using the services of contract manufacturers, food companies can concentrate on marketing their food products rather than processing.
According to the report, one of the key trends for market growth will be the focus on food safety. In the US, food manufacturers are required to update their food processing machinery and facilities in order to comply with the regulations of the US Food and Drug Administration (FDA) on safety in manufacturing facilities. These regulations are formulated to ensure prevention of foodborne diseases. In 2015, it was estimated that every year, one in every six Americans fall sick due to foodborne diseases, more than 126,000 individuals hospitalize due to such concerns, and more than 3,000 individuals die.
Further, the report states that in the US, the food and beverage manufacturers are choosing different alternatives to purchase new food processing equipment, which is affecting the demand for new food processing machinery in the market. Companies are buying second hand or rebuilt machinery instead of new food processing machinery, as the cost of refurbished machinery is almost half the cost of investing in new machinery. Some of the companies are also retrofitting their current machinery to upgrade its capabilities and improve efficiency. Companies custom manufacture or assemble their own food processing machinery, further posing as a challenge to the food processing machinery market in the US.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: US Profile
PART 06: Market landscape
PART 07: Market segmentation by machinery type
PART 08: Key leading states
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/w6m3hj/food_processing
Research and Markets
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SOURCE Research and Markets