Global Food Processing Blades Market by Application (Grinding, Cutting/Portioning), by Product (Curved, Straight, Circular) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global food processing blades market was worth USD 821.7 Million in 2019. It is projected to grow at a compound annual rate (CAGR of 7.6%) between 2020 and 2027. Market growth is being driven by macroeconomic factors like rising disposable income, increased spending power of middle-class populations, and adoption of processed foods, such as meat and poultry. Market growth is expected to be aided by the expanding retail network and the introduction of new products. The forecast period will see an increase in product demand due to the convenience of packaged foods and their longer shelf lives.

Asia Pacific is one the fastest-growing regions and a major player in the global food processing blades market. It is primarily driven by countries like Thailand, India, Malaysia and Indonesia. Consumption is expected to rise due to rising disposable income, which will fuel the demand of blades.

The regulatory framework established by different governments allowed equipment manufacturers to provide the required quality of blades and other equipment for food processing with hygiene, standard production processes and hygiene. In order to meet the growing demand for food and beverages, the industry will need to be able to produce products that can handle the rapidly increasing population. This will contribute significantly to the growth of this market.

Due to changing consumer habits and preferences, the demand for processed meat has been on the rise. The world's meat-eating population is growing, and this will lead to an increase in demand for processed meat. This, in turn, will drive product demand.

Market leaders are focused on maintaining or strengthening market position through innovation, product creation, acquisition, and geographical expansion. Due to the favorable market conditions, the untapped customer base and the potential for opportunities, major players from developed countries like North America and Europe are investing more in India and China.

Product Insights

The market leader in circular blades was more than 39.0% of global revenue in 2019, and it accounted for over 40% of that segment's total market share. This segment will see significant growth due to its improved workflow efficiency and production process optimization.

Based on product, the market can be divided into three segments: straight, curved and circular. These blades can perform precise operations in a minimum of time. These blades are used more frequently in the food industry to reduce processing time and improve efficiency. Blades are subject to saltwater and freshwater, so they need to be protected from corrosion and maintained regularly.

To serve the food processing industry, circular blades can be ordered in a variety of types including flat edge and scalloped edges. The straight blade segment can be further divided into single edge, double edges, and serrated knives. Due to their versatility for slicing applications, the serrated blades will see significant growth in the forecast period.

For sharp cuts in the food industry, the curved blades are essential for efficient cutting, slicing and skinning. This product can be used for meat processing, cutting, slicing and dicing fruits, vegetables, and nuts. There are two types of the product: single-edged or serrated curved blades.

End-use Insights

The market's largest segment, the proteins segment, accounted for over 60.0% of global revenue in 2019. This segment is expected to see significant growth over the next few years due to increased demand and strict processing of pork, chicken, and bovine. In 2019, the market was dominated by the poultry protein segment, and it is expected to continue its dominance in the future.

Global markets are divided into protein and other food based on their end-use. The protein segment comprises fish, poultry and bovine meats, while the other foods section includes vegetables, fruits and nuts. These end uses are common for hotels, restaurants, homes, as well as other areas.

Due to rising demand for nutritious food, the demand for other foods like vegetables, nuts and fruits is on the rise. The changing lifestyle and growing number of workers will increase the demand for cut or diced vegetables and fruits to help save time.

Over the forecast period, there will be an increase in production and consumption of meat, poultry, fish, beef and pork. This can be attributed to the increasing demand for meat and seafood as well as lower prices and increased shelf life, safety and quality.

Application Insights

The market leader in grinding applications was responsible for 24.0% of global revenue in 2019. This segment is expected to grow significantly in the future due to its ability to reduce the food particles. The grinding equipment involves the forced passage of meat, vegetables, and other foods through a plate. This plate is preceded by a rotating knife.

Based on their application, the market can be divided into cutting/portioning, slicing/dicing and skinning/peeling. Due to its efficiency, widespread use in restaurants, frozen food suppliers, hotels, and other establishments, the cutting/portioning segment will gain momentum over the forecast period.

Slicers can be used to cut cubes, slices or muscle strips, as well as to slice frozen and tempered meat. You can fit slicing blades with accessories such as tray feeders or weighing machines. This reduces the amount of manual weighing and arranges sliced products more efficiently, which results in better hygiene.

Dicing equipment can be used to produce small cubes and slices, flakes and strips of meat, vegetables and fruits. Skinning involves the removal of hides in cattle, goats and sheepskin, de-hairing in the swine and feathers in poultry. Peeling is the process of removing the outer layer (or skin) from vegetables such as potatoes, cucumbers, radish, and other fruits like apples.

Marel Corporation and JBT Corporation offer a variety of food processing equipment and blades. In an effort to reduce their dependence on human labor, companies are using automated systems to process lines.

The combination of rising consumer spending and a growing food budget will drive the demand for processed meats and other foods. Over the forecast period, market growth will be affected by this growth. The market growth is being reslowed by the COVID-19 pandemic, which can be seen in the food industry and overall.

Regional Insights

Asia Pacific was the region with the highest revenue share, at 33.0%, in 2019. It is expected to be the fastest-growing market during the forecast period. This can be attributed to rising demand for meat, seafood and allied products. This was due to the rising income and spending power of consumers, which boosted the spending on animal protein and favored regional market growth.

People are more inclined to eat seafood and other allied products due to the improvement in their living standards. A high disposable income allows customers to select the best value product available and improves their food habits. The market will continue to grow due to the changing food trends in the region.

There is a strong demand for fast food in all three countries, including the U.S., Canada and Mexico. This will lead to an increase in demand for processing machines. A rising demand for convenience foods rich in protein will be a result of changing lifestyles and the increased demand for processed meat.

Growing consumption of packaged and processed food, rising health awareness among youth and the top echelons all favor European seafood and meat consumption. Major factors driving the market include increasing spending power, rising population and healthier eating habits.

Market Share Insights & Key Companies

Due to the presence of large companies involved in product production, the market is highly competitive. This market is characterised by the existence of large consumer bases across the globe, with companies operating through dedicated distribution channels. Due to technological advances, acquisitions and increasing demand for processed and packaged food products, the market has seen intense competition.

Market players like JBT Corporation and GEA Group Aktiengesellschaft offer a wide range of food processing equipment. Due to the many health benefits that can be derived from advanced food processing technology, the market is expected to see an increase in adoption in the near future. This will help potential customers to better understand the advantages. The following are some of the major players in global food processing blades markets:

• Minerva Omega Group s.r.l.

• Biro Manufacturing Company

• GEA Group Aktiengesellschaft

• JBT Corporation

• Nemco Food Equipment, LTD.

• Marel

• BAADER

• Bettcher Industries, Inc.

• Zigma Machinery & Equipment Solutions

• Jarvis India

• Hallde

• Talsabell S.A.

Up Market Research published a new report titled “Food Processing Blades Market research report which is segmented by Application (Grinding, Cutting/Portioning), by Product (Curved, Straight, Circular), By Players/Companies JBT Corporation, Biro Manufacturing Company, Bettcher Industries Inc, Marel, Hallde, BAADER, Zigma Machinery & Equipment Solutions, Jarvis India, Nemco Food Equipment LTD, Talsabell SA, GEA Group Aktiengesellschaft, Minerva Omega Group srl”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Food Processing Blades Market Report Segments:

The market is segmented by Application (Grinding, Cutting/Portioning), by Product (Curved, Straight, Circular).

Food Processing Blades Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Food Processing Blades Market

Overview of the regional outlook of the Food Processing Blades Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Food Processing Blades Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Food Processing Blades Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Grinding

                2. Cutting/Portioning

                1. Curved

                2. Straight

                3. Circular

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Food Processing Blades Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Food Processing Blades Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.