The food vacuum machine market size reached USD 11.94 Billion in 2020 and is expected to register a CAGR of 4.7% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for cooked meals in the form of ready to eat packages is expected to drive global food vacuum machine market revenue growth to a significant extent during the forecast period. Food vacuum machines are ideal for enterprises and food producers who would want their products to last for a longer duration and also save shelf space in retail stores. Growing awareness about use of sterile packaging in order to restrict contamination in food products is another key factor expected to propel growth of the food vacuum machine market going ahead.
The research report provides an in-depth evaluation of the Global Food Vacuum Machine market drivers and restraints Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.
However, high setup and operational costs of food vacuum machines is a major factor expected to hamper market growth to some extent during the forecast period. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Food Vacuum Machine market along with crucial statistical data about the Food Vacuum Machine market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.Increasing demand for ready to eat meals which require vacuum packaging and rising need to preserve fresh food items for a longer duration are some key factors driving food vacuum machine market revenue growth
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Chamber vacuum machine segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing use of chamber vacuum machines among end-users due to high quality vacuum packaging and light weight machine body that helps in easy transportation is expected to boost revenue growth of this segment going ahead.
Increasing demand for transparent and light-weight packaging is expected to drive revenue growth of flexible packaging segment since it is lightweight and cheaper packaging cost, which is expected to lead in terms of revenue contribution to the food vacuum machine market during the forecast period.
In terms of revenue share, the ready to eat segment is expected to register significant growth over the forecast period due to increasing demand for ready to eat products among the working demography.
Factors such as rising disposable income among consumers in countries in Asia Pacific due to busy lifestyle, hectic work schedule, and increasing preference towards precooked meals is expected to drive growth of the market in the region during the forecast period.
Key players in the market include ULMA Packaging Limited, John Bean Technologies Corporation Limited, MULTIVAC Sepp Haggenmuller Verwaltungs SE, Electrolux Professional Limited, Henkelman Vacuum, Henkovac International B.V., Promarksvac Corporation Limited, NutriChef Kitchen, LLC, Metos Oy Ab, and Astrapac Midlands Limited
In October 2020, ULMA Packaging Limited, started its operation in Columbia, Latin America, with a new subsidiary in Bogota, with an aim to project the company as a leading food vacuum packaging solutions provider globally. It will reach a market of over 50 million people with a local presence in Bogota.
Market Dynamics:
The report offers insightful information about the market dynamics of the Food Vacuum Machine market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Food Vacuum Machine market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Food Vacuum Machine market.
The current COVID-19 pandemic is expected to have an effect on the growth of the Food Vacuum Machine industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Food Vacuum Machine sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Food Vacuum Machine industry.
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Emergen Research has segmented the food vacuum machine market on the basis of machinery type, packaging type, end-use, application, and region:
Machinery Type Outlook (Revenue, USD Billion; 2018–2028)
Chamber Vacuum Machines
External Vacuum Sealers
Tray Sealing Machines
Packaging Type Outlook (Revenue, USD Billion; 2018–2028)
Flexible
Rigid
Semi Rigid
End-use Outlook (Revenue, USD Billion; 2018–2028)
Industrial
Commercial
Domestic
Application Outlook (Revenue, USD Billion; 2018–2028)
Ready to Eat Products
Fish and Meat
Confectionary
Sauces and Dressings
Cooked Meals
Snacks
Beverages
Ice Cream
Milk and Milk Products
Why choose emergen research ?
Extensive market scope covering all major offerings in the ecosystem
In-depth analysis for all the countries covered in each report
Current and upcoming trends impact analysis
Robust Research Methodology
Comprehensive Reports
Latest Technological Developments
Radical Highlights of the Food Vacuum Machine Market Report:
Comprehensive overview of the Food Vacuum Machine market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and RD advancements on the Food Vacuum Machine market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Key questions addressed in the report:
Who are the leading players dominating the global Food Vacuum Machine Market?
Which factors could potentially hamper the global market growth during the forecast period?
Which regional market offers the most attractive growth opportunities to the companies operating in this market?
How is the raw material availability affecting the demand for Food Vacuum Machine in this industry vertical?
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