Food Vacuum Machines Market Analysis & Global Forecast
Posted: Aug 13, 2021
The global food vacuum machine market size 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 increasing demand for shelf-stable products and ready-to-eat foods and the shift toward easy-to-handle and convenient packaging across regions are some of the major factors that are projected to contribute to the growth of the market during the forecast period. Furthermore, the increasing focus on hygienic packaging solutions with the advent of COVID-19 is projected to encourage the use of food vacuum machines, which contributes to market growth.
The chamber vacuum machines segment is estimated to account for the largest share in 2020 in the market.
Chamber vacuum machines are suitable for a variety of industrial applications as they are more capable for vacuum packaging of food items. Furthermore, their suitability for both solid and liquid food items is projected to drive their demand during the forecast period.
By packaging type, the flexible segment is projected to account for the largest share during the forecast period.
Food vacuum machines designed for flexible packaging use minimal natural resources for creating vacuum packs for a range of food items. Also, they are lightweight and more convenient for distributors and consumers. Thus, the sustainability of flexible packaging is projected to drive its growth in the food vacuum machine market.
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.
Key players in the global market include Ulma Packaging (Spain), Proseal (UK), Multivac (Germany), Electrolux Professional (Sweden), Henkelman (Netherlands), Henkovac International (Netherlands), Promarks (US), and Sammic SL (Spain). These players have broad industry coverage and high operational and financial strength.
I am working as market research analyst in Markets and Markets.