Food Vacuum Machine Market Size
[ 170 + Pages Research Report ] to exceed USD 21.35 billion by 2030 from USD 12.22 billion in 2020 at a CAGR of 5.74% in the coming years, i.e., 2020-30.
Vacuum packaging removes air from the package before sealing which extends the shelf life of the food items and reduces the volume of the contents in the package. Vacuum packaging machines are devices popularly used in the packaging of food and non-food products and are generally used by supermarkets, shops, hypermarkets, etc. A pouch or bag is placed in the machine’s vacuum nozzle, is pressed and locked by the sealing jaw and then air is pulled out on instructions. After the completion of the procedure, the pouch is sealed completely. Over the past few years, the food vacuum machine has become a promising solution which is a cost-efficient procedure for the preservation of perishable food products. These machines are generally used in all industrial, commercial and domestic sectors to avoid spoilage of the food items.
Market Highlights
The global Food Vacuum Machine Market is expected to project a notable CAGR of 5.74% in 2030.
Global Food Vacuum Machine Market to exceed USD 21.35 billion by 2030 from USD 12.22 billion in 2020 at a CAGR of 5.74% in the coming years, i.e., 2020-30. Increasing demand for shelf-stable products and ready-to-eat meals due to the hectic lifestyles of the populace is propelling the growth of the global market. The mounting inclination toward convenient and easy-to-handle packaging is also contributing to the overall market growth.
Additionally, rising awareness of hygienic packaging solutions, technological advancements, the rise in investments, and new product launches by key players in the market are estimated to offer lucrative growth opportunities for key players.
Recent Highlights
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In November 2019, Ulma Packaging invested approximately EUR 5 million to complete the expansion of its tray sealing plant in Onati, Spain, following its recent expansion. This new plant will help the company increase its production capacity.
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In September 2019, Multivac (Germany) launched new tray sealing and chamber belt machines for automated vacuum packaging of food products in film containers. This will help the company to strengthen its product portfolio
Global Food Vacuum Machine Market: Segments
Meat & Sea-Food segment to grow with the highest CAGR during 2020-30
Global Food Vacuum Machine Market is divided by application into Meat & Sea-Food, Fruits & Vegetables, Dairy Products, and Others. The meat & Sea-Food segment held the largest market share of XX.X% in the year 2019 and will continue to dominate the market in the coming years as meat occupies most of the shelf space at the supermarkets/hypermarkets which is further anticipated to proliferate the demand for the food vacuum machines to preserve them for a longer duration of time.
Chamber vacuum segment to grow with the highest CAGR during 2020-30
Global Food Vacuum Machine Market is bifurcated by machinery type into External Vacuum Sealers, Chamber Vacuum Machines, Tray Sealing Machines, Other Machinery Types. Based on the machinery type, the chamber vacuum machines segment is anticipated to project lucrative growth during the forecast period owing to their suitability for both solid as well as liquid food. Chamber vacuum machines are reasonable for a variety of modern applications as they are gradually proficient in the vacuum packaging of food items. Moreover, these machines are appropriate for a variety of applications, ranging from small-scale to industrial productions.
Market Dynamics
Drivers
Rising demand for ready-to-eat food
Consumer preferences have observed a major shift towards ready-to-eat products due to a busy lifestyle which has propelled the growth of the food vacuum machine market. Over the past few years, the demand for easy-to-handle and convenient packaging products has increased which is a key driving factor for the growth of the global food vacuum machine market.
Vigorous growth in the consumption of processed food
Consumption patterns of the populace have witnessed robust growth in the consumption of processed food items which has indirectly led to a rise in the demand for food vacuum packaging machines. Besides, rising awareness of hygienic and consistent packaging methods in the economies are the major factors driving the growth of the global market.
Restraint
High installation cost
Higher costs involved in the deployment of vacuum machines are the key factor restraining the growth of the global market. Food vacuum packaging machines also entail frequent maintenance, overall leading to higher prices for installation and further maintenance of the machinery.
Global Food Vacuum Machine Market: Key Players
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Ulma Packaging
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- Astrapac
- Electrolux Professional
- Henkelman
- Henkovac International
- Proseal (UK),
- Multivac (Germany),
- Electrolux Professional
- Promarks
- Proseal
- Other Prominent Players
Global Food Vacuum Machine Market: Regions
The global Food Vacuum Machine Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Global Food Vacuum Machine Market in the Asia Pacific held the largest market share of XX.X% in the year 2019. The Asia Pacific will continue to dominate the Global Food Vacuum Machine Market owing to the increasing disposable income of the populace, and rising awareness of hygienic packaging solutions. Emerging local brands are also propelling the growth of the market in the region
Global Food Vacuum Machine Market is further segmented by region into:
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North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – the United States and Canada
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Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- the Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
The global Food Vacuum Machine Market report also contains an analysis on:
Food Vacuum Machine Market Segments:
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By Machinery Type
- External Vacuum Sealers
- Chamber Vacuum Machines
- Tray Sealing Machines
- Other Machinery Types
- By End-User
- Industrial
- Commercial
- Domestic
- By Packaging type
- Rigid
- Semi-Rigid
- Flexible
- By Application
- Meat & Sea-Food
- Fruits & Vegetables
- Dairy Products
- Others
- Food Vacuum Machine Market Dynamics
- Food Vacuum Machine Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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