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          1. Food Product Machinery Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 6/15/2020
            SIC Codes: 3556
            NAICS Codes: 333241
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Food Product Machinery Manufacturing Industry Profile

            Companies in this industry manufacture machinery used to process and produce foods and beverages. Major companies include Barry-Wehmiller, Duravant, JBT Corporation, Paul Mueller, and SPX Flow (all based in the US), as well as Anko Food Machine (Taiwan), Bühler AG and Tetra Laval (Switzerland), and GEA Group and KRONES AG (Germany).

            Worldwide, demand for food processing machinery is forecast to rise nearly 4% per year through 2023, reaching about $69 billion, according to Allied Market Research. Growth drivers include rising demand for processed foods in the developing world and for high-value foods like meats and dairy products worldwide.

            The US food product machinery manufacturing industry includes about 480 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $5 billion.

            Makers of equipment used in restaurant kitchens and other commercial food service settings are not covered in this profile.

            COMPETITIVE LANDSCAPE

            Demand is driven by food consumption, which depends on population growth and economic conditions. The profitability of individual companies depends on efficient operations and effective marketing. Large companies enjoy economies of scale in purchasing and an ability to offer a wide range of products, including complete food processing machinery systems. Small companies can compete by offering specialized or niche products. The US industry is concentrated: the top 50 companies account for about 70% of industry revenue.

            Imports of food product machinery, which primarily come from Germany, Italy, the ...

             
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