Positive
GlobeNewswire Inc.
• Na
Food Product Machinery Market Trends, Opportunities and Strategies 2023-2024, 2024-2028, 2033F
The global food product machinery market is expected to grow from $39 billion in 2023 to $70.3 billion in 2033, driven by increasing urbanization, e-commerce expansion, and growing demand for processed and packaged foods. The market is fragmented, with Marel, JBT Corporation, and Heat and Control Inc. being the top competitors.
JBTM
food product machinery
market growth
industry trends
competitive landscape
Sentiment note
Marel is the largest competitor in the food product machinery market, with a 4.09% market share in 2023.