According to IMARC Group’s latest report, titled “Food Processing Blades Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global food processing blades market grew at a CAGR of around 6% during 2015-2020. Food processing blades are generally made using stainless steel. They are utilized for processing, chopping, shredding, grinding, pureeing, mincing, and slicing food items. As they are interchangeable and easy to use, they are extensively used across poultry, dairy, and food and beverages (F&B) sectors worldwide.
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Due to inflating income levels, there is a significant rise in the spending capacity of the middle-class population around the world. This, coupled with the considerably rising global population, represents one of the key factors positively influencing the market. Apart from this, the increasing demand for packaged food products on account of their longer shelf life and enhanced convenience is strengthening the market growth. Furthermore, leading manufacturers are focusing on providing improved precision in terms of grinding and slicing raw materials. This, in confluence with the rising expansion of the retail network, is anticipated to facilitate the growth of the market. Looking forward, IMARC Group expects the global food processing blades market to exhibit moderate growth during the next five years.
The global market is primarily driven by the rising demand for packaged and processed food products across the globe. This can be attributed to the inflating disposable income levels of the masses, their changing dietary preferences and the enhanced convenience and longer shelf life associated with the use of these foods. This, coupled with the increasing global population and considerable growth in the food and beverages sector, is expected to provide a thrust to the market growth. The market is further driven by the implementation of several regulations imposed by the governments of numerous countries to mandate the use of hygienic and standard processing blades and related equipment. Apart from this, there has been a rising preference for automated food processors across various industries, which has impelled traditional variants to be increasingly replaced by modern models. This, in turn, has facilitated the adoption of food processing blades on the global level, thereby creating a positive outlook for the market. Moreover, continual technological innovations have led to the development of blades that offer improved precision in terms of cutting, slicing and grinding raw materials, which are gaining widespread prominence among the end users. Other factors, such as the rising preference for processed meat and the easy availability of convenience foods through online and offline retail segments, are anticipated to contribute to the market growth further. Looking forward, IMARC Group expects the global food processing blades market to exhibit moderate growth during the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- AB Hällde Maskiner
- Bettcher Industries Inc.
- Biro Manufacturing Company
- GEA Group Aktiengesellschaft
- Jarvis Equipment Pvt. Ltd.
- JBT Corporation
- Marel hf.
- Minerva Omega Group s.r.l.
- Nemco Food Equipment Ltd.
- Talsabell S.A.
- Zigma International.
Breakup by Product:
- Straight Blades
- Single Edge
- Double Edge
- Curved Blades
- Single Edge
- Circular Blades
- Flat Edge
- Beveled Edge
- Scalloped Edge
Breakup by Application:
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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