Key vendors to strategically increase their sales through pro shops retail format
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the food processing machinery market in the US in their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated through the retail sales of food processing machinery to individual consumers.
This Technavio report, under the unit operations vertical, is based on the synthesis, analysis, and interpretation of information about the food processing machinery in the US collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The food processing machinery market in the US comprises of domestic producers as well as imports of foreign suppliers. Majority of the manufacturers in the market space operate in advanced production facilities and specialize in high-end equipment. They also boast a well-established distribution network, with some of them being export-oriented. One of the key focus areas for manufacturers is the development of products that perform one specific task for a wide variety of food products such as slicers and mixers. Manufacturers also offer a complete portfolio of equipment with machinery required for every stage of processing for a specific product.
“There is an upsurge in the presence and preference for contract manufacturers in the food processing machinery market in the US. Food and beverage companies are collaborating with contract manufacturers to cut overhead costs, remain competitive in the market, and maintain consistency. Contract manufacturers produce the required product through the use of food formulas and processing procedures that are provided by the company,” says Vijay Sarathi, a lead analyst at Technavio for research on unit operations.
Top five vendors in the foof processing machinery market space in the US
GEA Group
GEA Group is the largest supplier of process technology for the food idustry as well other industry segments including beverage, chemical, dairy farming, marine, leisure, sport and processing, and pharma. In FY2015, the company had reported total revenue of more than $5 billion. On June 8, 2015, GEA Group announced the re-structuring of its operating segments into the BA Equipment and BA Solutions business segments. The BA Equipment segment includes mechanical equipment and farm technologies, while the BA Solution segment focuses on process engineering. This new structure is a part of Fit for 2020 initiative of the company.
Some key products: Compressors for industrial refrigeration, dosing and feeding equipment, evaporator configuration systems, extractors, freeze dryers, etc.
JBT
JBT focuses on the design, testing, and manufacture of technological products and solutions. The company operates through two business segments – JBT FoodTech and JBT AeroTech. The company also provides technology for air transportation and food processing industries across the globe. The JBT FoodTech segment includes protein processing equipment, liquid food processing equipment, and automated systems. JBT AeroTech products include mobile equipment, fixed equipment, and airport services. In FY2015, JBT had reported total revenue of more than $1 billion.
Some key products: Apple Preparation system, aseptic bag fillers, aseptic fillers, AseptiCAL, etc.
Meyer Industries
Meyer Industries is a manufacturer of food processing and bulk material handling systems. The company also engages in providing a wide range of equipment solutions for various industries such as bakery, candy and confections, frozen vegetables, frozen specialty, and meat, poultry and seafood.
Some key products: Bucket elevators, laning conveyors, vibratory conveyors, belt conveyors, and storage distribution systems, etc.
Paul Mueller
Paul Mueller manufactures products and offers services for a wide range of industries. The company functions in the market through its four business segment, namely, dairy farm equipment, field fabrication, industrial equipment, transportation. Some of the end-user sectors or Paul Mueller’s products include beer, beverage, heat recovery, food, dairy, chemical, and process cooling.
Some key products: Brewhouses, fermenters, bright tanks, specialty tanks, serving beer tanks, and wine equipment, etc.
SPX FLOW
The company supplies specialized and engineered solutions for food and beverages, power and energy, and industrial markets. In 2015, SPX FLOW had total employed 42,000 people and had reported total revenue of more than $2 billion. In October 2014, SPX, the parent company, announced the spin off its FLOW business into a separate public company.
Some key products: Single filters, multi-basket single filters, high-pressure self-cleaning filters, heat exchangers, valves, etc.
Other prominent vendors in this market include Atlas Pacific Engineering, BAADER, Bettcher Industries, Bucher Industries, Bühler, Heat and Control, Mallet, Marel, MIWE Michael Wenz, Rheon Automatic Machinery, and Wenger Manufacturing.
A more detailed analysis is available in the Technavio report, Food Processing Machinery in the US 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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