Markets and Markets reports that the global food processing and handling equipment market projects growth from $130.6 billion in 2021 to $175.1 billion by 2026, recording a compound annual growth rate (CAGR) of 6% during the forecast period. The food processing and handling equipment market is reportedly exhibiting strong growth, with the rising demand for prepared food products globally, changes in consumer lifestyles, a transformative leap forward in technological capabilities and increasing investment opportunities in the food processing industry. The markets in North America and Europe have been growing consistently due to the established food and beverage processing industry and the presence of international food processing equipment manufacturers. The rise in demand for processed and convenience food has been supported by the reported rise in disposable income and rapid urbanization in developing countries such as India, Brazil and China.
12 - 14 March 2024 | THE SARIT EXHIBITION CENTER, NAIROBI, KENYA
