Industry Analysis & Industry Trends
The Food Processing Machinery Manufacturing industry is highly dependent on capital expenditure by downstream food and beverage manufacturers. The major markets for food processing machinery include beverage manufacturers, meat and seafood processors, bakeries, dairy product manufacturers, and fruit and vegetable processors. The industry manufacturers a wide range of products – such as canning and bottling machines, food processing machinery, ovens and distilling equipment – to meet the varied needs of downstream manufacturing industries. Industry revenue has fluctuated over the past five years due to downstream industry activity, price and import competition. Overall, Industry revenue is forecast to grow at a compound annual rate of 3.3%... purchase to read more
Industry Report - Starting a New Business Chapter
The barriers to entry in the Food Processing Machinery Manufacturing industry are medium. Factors that affect entry include the high level of competition, large capital requirements and the high level of technical expertise that is required.
New players in the industry need access to or the ability to develop leading edge technology, as some equipment in the industry incorporates sophisticated technology. Manufacturers should also have a strong understanding of developments in food technology and patents.
The cost of developing and producing highly sophisticated machinery act as a major deterrent for new entrants that have limited funds. There are often long lead times between developing and commercialising new products, which may not be ideal for new players... purchase to read more