Southeast Asia Food Processing Equipment Market

Meticulous Research ® –leading global market research company published a research report titled “ SoutheastAsia Food Processing Equipment Market by Type (Meat Processing, Bakery Processing, Beverage Processing, Dairy Processing, Chocolate & Confectionery Processing) – Opportunity Analysis and Industry Forecast (2018–2023) ”. According to this latest publication from Meticulous Research ® , the Southeast Asia food processing equipment market is expected to grow at a CAGR of 4.7% from 2018 to 2023 to reach USD 1,152.0 Million by 2023. This market is mainly driven by factors such as increasing consumer demand for processed food, growing focus on food safety and safety of workers, growing need to increase productivity, increasing focus of food manufacturers to reduce production cost, and government support to promote food processing sector. However, high cost of equipment and increasing consumer inclination towards consumption of minimal processed food products hind...