(I-BusinessNews.Com, September 25, 2020 ) The report “Food Vacuum Machine Market by Machinery Type (External Vacuum Sealers, Chamber Vacuum Machines, Tray Sealing Machines, Other Machinery Types), End-use Sector (Industrial, Commercial, Domestic), Process, Application, Packaging Type, and Region – Global Forecast to 2025″, The food vacuum machine market is projected to grow from USD 12.9 billion in 2020 to USD 16.4 billion by 2025, recording a compound annual growth rate (CAGR) of 5.0% during the forecast period. The major factors driving the growth of the food vacuum machine market include the focus on hygienic packaging solutions, the need to preserve food and minimize food wastage, and the increasing demand for ready-to-eat and convenience food.
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Based on end-use sector, the industrial segment is projected to hold the largest market share during the forecast period.
Based on end-use sector, the industrial segment is projected to hold the largest market share due to the growing use of vacuum technology in the food industry to preserve food by increasing its shelf-life. Also, production in large batches will necessitate the use of vacuum sealers in the food industry, thereby contributing to the overall market growth. The growing use of vacuum technology in the meat and frozen food sectors will also drive the growth of the market.
Based on process, the skin segment is projected to hold the largest market share during the forecast period.
The growing demand for skin vacuum packaging for premium food options and its greater acceptance because of the introduction of new films that can accommodate different shapes of food is projected to drive the overall growth of the market.
Based on application, the meat & seafood segment is projected to hold the largest market share during the forecast period.
The demand for food vacuum machines for application in the meat industry is projected to witness significant growth in the coming years. This is attributed to the growing consumption of meat, resulting in the increasing demand among consumers to preserve it through vacuum sealing.
The Asia Pacific region is projected to be the largest and fastest-growing market for food vacuum machines during the forecast period.
The Asia Pacific region is projected to be the largest and fastest-growing market for food vacuum machines during the forecast period. The region witnesses a high demand for convenience and packaged food products, which require food vacuum machines to seal the food content for further preservation. Also, the rapidly growing income of the middle-class population in the region will encourage increased expenditures on packaged food. The advent of COVID-19 has resulted in consumer preference for hygienically packaged food. These factors are projected to create growth opportunities for food vacuum machine manufacturers in countries such as India, China, Japan, and Australia.
Key players in the global food vacuum machine market include Ulma Packaging (Spain), Proseal (UK), Multivac (Germany), Electrolux Professional (Sweden), Henkelman (Netherlands), Henkovac International (Netherlands), and Promarks (US). These players have broad industry coverage and high operational and financial strength.
Mr. Aashish Mehra