PUBLISHER: The Business Research Company | PRODUCT CODE: 1425484
PUBLISHER: The Business Research Company | PRODUCT CODE: 1425484
Food Vacuum Machine Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on food vacuum machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for food vacuum machine? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food vacuum machine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A food vacuum machine is a packaging apparatus designed to remove air from food packaging before sealing, contributing to increased shelf life and enhanced food quality. By reducing atmospheric oxygen, the machine inhibits the growth of aerobic bacteria or fungi and prevents volatile substances from evaporating.
The primary categories of food vacuum machinery include chamber vacuum machines, external vacuum machines, and tray sealing machines. An external vacuum sealer machine operates by removing air from the front of the bag, sealing it once the air is completely extracted at the end of the cycle. This versatile equipment finds application in various sectors, including industrial, commercial, and domestic settings. Its uses span across the packaging of bakery and confectionery products, beverages, meat and seafood, snacks and savory foods, convenience foods, dairy and frozen desserts, sauces, dressings, spices, condiments, fruits and vegetables, prepared foods, and more. In essence, the food vacuum machine serves as a crucial tool for preserving and maintaining the quality of a diverse range of food items throughout their lifecycle.
The food vacuum machine market research report is one of a series of new reports from The Business Research Company that provides food vacuum machine market statistics, including food vacuum machine industry global market size, regional shares, competitors with a food vacuum machine market share, detailed food vacuum machine market segments, market trends and opportunities, and any further data you may need to thrive in the food vacuum machine industry. This food vacuum machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The food vacuum machine market size has grown strongly in recent years. It will grow from $15.12 billion in 2023 to $16.1 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth during the historical period can be linked to the necessity for food preservation, an increase in the popularity of convenience foods, the expansion of food retail, efforts to prevent oxidation and spoilage, adherence to stringent food safety regulations, a demand for extended shelf life, and initiatives aimed at reducing food waste.
The food vacuum machine market size is expected to see strong growth in the next few years. It will grow to $21.22 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The anticipated growth in the forecast period can be linked to the heightened consumer demand for freshness, a growing emphasis on sustainable packaging practices, the expanding ready-to-eat market, ongoing innovations in machine design, and an increasing need for portability and compact machines. Key trends expected in the forecast period encompass advancements in food preservation technologies, ongoing innovation in machine design and features, the integration of smart technologies, and a rise in demand for customized packaging solutions.
The food vacuum machine market is set to experience growth, driven by the increasing demand for ready-to-eat (RTE) food. RTE food, characterized by its pre-prepared and packaged nature, requires no additional cooking or preparation. Consumers are increasingly opting for hygienically packaged fortified RTE foods, utilizing food vacuum machines. This shift is attributed to rising literacy rates and heightened cleanliness standards. In 2021-22 (April-October), India witnessed a 24% increase in the exports of ready-to-eat foods, reaching $394 million, as reported by the Ministry of Commerce & Industry. The surge in RTE food demand is a key driver propelling the growth of the food vacuum machine market.
Another contributing factor to the growth of the food vacuum machine market is the increasing demand for fresh and organic food products. Fresh and organic foods are cultivated, produced, and processed without synthetic pesticides, herbicides, or GMOs. Food vacuum machines play a crucial role in preserving the quality, freshness, and nutritional content of such products. Sales of organic food in the US reached $60 billion in 2022, according to the Organic Trade Associations (OTA), highlighting the escalating demand for fresh and organic food products. The adoption of food vacuum machines aligns with this trend, further fueling market growth.
Technological innovation emerges as a prominent trend in the food vacuum machine market, with companies focusing on efficiency and meeting consumer demands. In December 2022, MULTIVAC introduced the SFP Light steam flushing system, enabling the immediate vacuum-packing of hot food without prior cooling. This innovation aims to conserve energy and extend the shelf life of the final product, providing a solution for caterers and chefs to streamline their processes and reduce energy consumption.
Major players in the food vacuum machine market are strategically introducing innovative products to drive revenue growth. The incorporation of features such as magnetic auto-sealing technology in vacuum sealers enhances user experience and efficiency. In April 2023, HiCOZY launched a vacuum sealer with magnetic auto-sealing technology, simplifying the operation for users. This technology eliminates the need for manual lid closure or physical button pressing, offering a seamless and automatic vacuum-sealing experience. The product's user-friendly features, such as bag-locating marks and adjustable sealing time, contribute to its appeal and market positioning.
In July 2022, Middleby Corporation, a prominent U.S.-based foodservice equipment company, successfully acquired CP Packaging for an undisclosed sum. This strategic acquisition is poised to enhance Middleby's customer service capabilities by offering integrated full-line solutions and expanding its range of packaging equipment within its comprehensive food processing portfolio. CP Packaging, a technology solutions company based in the United States, specializes in catering to the packaging sector, with a specific focus on the food industry.
Major companies operating in the food vacuum machine market report are Ulma Packaging S.A.R.L., Proseal Group, Multivac Group, Electrolux Professional AB, Henkelman GmbH & Co. KG, Henkovac International BV, PromarksVac Corp., Sammic SL, Technopack Corporation, Sipromac, Webomatic Maschinenfabrik GmbH, Bizerba SE & Co. KG, Dadaux SAS, Metos Instruments Pvt. Ltd., Ridat Company, Reiser Maschinenfabrik GmbH, Accu-Seal Corporation, AmeriVacS, Ary VacMaster Inc., Boss Vakuumverpackungstechnik GmbH, Busch LLC, CVP Systems Inc., Dixie Vac Services, Elmo Rietschle GmbH, Duravant LLC, Fuji Impulse Co. Ltd., GEA Group AG, Hefei Chunhui Machinery Manufacturing Co. Ltd., HFM Packaging Machinery Co. Ltd., China National Packaging Machinery Corporation, Ishida Co. Ltd., JBT Corporation, and Komet Maschinenfabrik GmbH.
Asia-Pacific was the largest region in the food vacuum machine market in 2023. The regions covered in the food vacuum machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food vacuum machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The food vacuum machine market consists of sales of automatic belt packaging and thermoforms machines. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.