An In-depth Market Insights of Food Sorting Machines Market including Channel Sorters, Freefall Sorters, Belt Sorters, and ADR Systems Covering 30+ Countries like United States, United Kingdom, Germany, France, Norway, Sweden, Saudi Arabia, United Arab Emirates, Japan, Korea, Australia, New Zealand, and Others.
NEWARK, DE / ACCESSWIRE / July 30, 2024 / The expected size of the global food sorting machine market is likely to reach a mark of USD 3,887.6 million by 2034, which is projected to be measured at USD 2,507.6 million by the end of 2024. This advancement is likely to occur at a sluggish CAGR of 4.5% through the forecast period, thereby creating several lucrative growth opportunities for leading firms in the competitive landscape.
Pertaining to the stringent food safety standards and regulations, governments of different countries have been keen on maintaining appropriate food grades. This trend leverages the use of food sorting machines to detect the presence of any foreign harmful materials to maintain the uniformity and integrity of the food.
The use of AI-powered optical sensors in such machines is likely to gain more attention during the forecast period. This technological development is projected to uplift the efficiency and operational speed of machines. The factor, therefore, is set to drive growth in the market.
Request a Sample Now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-843
With the rising focus on waste reduction and minimization, demand for such machines is likely to increase. The ability of food sorting machines to curb carbon footprints through waste reduction is satisfactory, thereby upholding the popularity of such machines.
The growing demand for packaged and processed food is expected to augment the size of the market. Convenience food is gaining more traction due to the fast-paced lifestyles of millennials. As these machines can offer uniform food quality, the demand for such products is anticipated to rise.
What are the Opportunities in the Food Sorting Machines Market?
Increasing demand for automation in industrial processes is expected to boost the food sorting machines market over the forecast period. Manufacturers in the food & beverage sector are investing in automated machines to improve productivity and enhance product outcomes.
Due to the introduction of industry 4.0, the demand for automated machinery in sectors such as pharmaceuticals, packaging, food & beverage, and eCommerce is gaining traction. In response to this, manufacturers are offering automated food sorting machines equipped with sensors and cameras to improve sales.
Such developments are expected to bode well for the growth in the market in. the forthcoming years. Further, growing demand for packaged food products driven by shifting consumer preferences and lifestyles is anticipated to complement the growth in the market.
In addition to this, growing adoption of optic food sorting machines, along with the ongoing expansion of the food and beverage sector in emerging economies will boost the market over the forecast period.
Key Takeaways from the Food Sorting Machine Market Study:
Compared to a CAGR of 1.9% through the historical era, the forecast CAGR of 4.5% is expected to project a better future for the market.
Owing to several measures taken to ensure food safety in China, sales of food sorting machines in the country are expected to spur at a CAGR of 4.6% through 2034.
India is anticipated to lead in terms of the rate of development, thereby promising the most prominent CAGR of 5.6% through 2034.
Based on product type, the optical sorter category is likely to secure 41.3% of the market share in 2024.
In terms of the end-use industry, the dry food and packaged food processing category is anticipated to generate a share of 32.9% in 2024.
What are the Challenges in the Food Sorting machines Market?
Lack of awareness regarding food security in various parts of the world might hamper sales in the market. Besides this, high cost of machinery and installation is negatively impacting sales in the market.
However, stringent regulations regarding food security are compelling manufacturers to invest in food sorting machines, which is expected to create opportunities for players operating in the market over the forecast period.
"Extensive initial capital investments in the competitive space are likely to hinder the entry of start-ups and new players, hampering the growth of the market," Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).
Competition Outlook:
With the effect of better technological acquisitions, large-scale firms can create a strong competitive force, which develops hindrances for small-scale players. In order to overcome this barrier, new entrants can use strategies like product differentiation, alliance formation, and innovation.
Leading organizations in the competitive landscape, on the other hand, use key routes of expansion, including partnerships, mergers, acquisitions, and strategic collaborations. The collective ecosystem of existing players and new entrants is anticipated to fuel the growth of the global food sorting machine market.
The following recent developments made by key players are a couple of prominent examples that augment the size of the industry-
In August 2023, Duravant acquired NPI Sorters. This strategic move helped the business gain momentum in the international market, thereby strengthening its position in the industry.
In April 2024, Bühler Group unveiled a bagging station, which is completely automated. The organization partnered with Premier Tech to innovate and this strategic move helped the firm gain a better position in the market.
15 Key Company of the Food Sorting Machine Market:
Bühler Group
Satake Corporation
NPI Sorters (Duravant)
TOMRA Systems ASA
Cimbria
Binder+Co
Optimum Sorting
CFT Group
Sesotec GmbH
Steinert GmbH
Beston Group
Pellenc ST
STADLER Anlagenbau GmbH
Raytec Vision
EUROSORT
Secure Your Copy Now:
https://www.futuremarketinsights.com/checkout/843
What is the North America Food Sorting Machines Market Outlook?
Demand in the North America food sorting machines market is projected to remain high over the forecast period owing to the presence of a well-established food and beverage sector across the region.
Increasing demand for packaged food products, along with growing emphasis on food safety in the U.S. will place the country as an attractive market. The production of high-quality food requires efficient sorting and equipment on the production line. This enables manufacturers to inspect the products and ingredients before packaging.
How Will the Asia Pacific Food Sorting Machines Market Fare?
Asia Pacific is considered to be a lucrative market over the forecast period due to rising awareness regarding food security in various countries. Manufacturers in China, India, and South Korea are increasingly adopting food sorting machines to improve operations and food security.
Further, surging demand for packaged food products in China is expected to bode well for the market. Increasing sales of food and beverage products and ingredients through online sales channels across Asia Pacific is driving sales and the trend is forecast to continue in the forthcoming years.
Key Segments of Food Sorting Machine Market Report
By Product Type:
As per product types, the industry has been categorized into optical sorters, diameter sorters, freefall sorters, belt sorters, tilt tray sorters, chute sorters, and ADR systems.
By Technology:
Based on technology, the industry is split into laser, camera, LED, X-ray, and optical sensors.
By End-use Industry:
In terms of end-use industries, the industry is segmented into dry food and packaged food processing, fruits and vegetable processing, dairy product sorting, fats and oil processing, fish/seafood sorting, and meat processing.
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia, and the Middle East and Africa.
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
Have a Look at the Related Report from the Food Sorting Machine Market:
The global sorting equipment market totaled US$ 3.9 billion in 2022 and is projected to create an incremental opportunity of US$ 4.16 billion by the end of 2023. The demand for sorting equipment in the global market is estimated to reach US$ 8.9 billion by 2033, expanding at a CAGR of 7.9% during the forecast period 2023 to 2033.
The global biocomposite market size reached USD 28.4 billion in 2023. Over the forecast period, the value is anticipated to rise at 15.5% CAGR. The industry is predicted to increase from USD 31.76 billion in 2024 to USD 133.84 billion in 2034. It is set to witness a Y-o-Y growth of 11.8% by 2024.
The global telecom tower power system market is anticipated to reach a value of USD 4,518.9 million in 2024. The market is slated to register a CAGR of 6.7% through the assessment period 2024 to 2034. It is estimated to clock a revenue of USD 7,987.8 million by 2034. This growth will likely lead to an expansion of 1.9x in sales by the end of the forecast period.
The global pick-to-light market value reached USD 683.3 million in 2023. Over the forecast period, the value is anticipated to rise at 6.7% CAGR. The industry is predicted to surge from USD 725.6 million in 2024 to USD 1,393.8 million in 2034. The industry is further projected to exhibit a Y-o-Y growth of 6.2% in 2024.
The global screw air end market size is projected to reach USD 4,339.6 million in 2024. The market is expected to surge at a CAGR of 4.5% during the forecast period. It is anticipated to attain a value of USD 6,828.7 million by 2034.
The global lightning arrester market size is anticipated to reach USD 876.3 million in 2024. The sector is expected to surge at a CAGR of 6.4% during the forecast period. The sector is projected to attain a value of USD 1627.2 million by 2034.
The global mining hose market size is estimated to reach USD 442.6 million in 2024. The sector is anticipated to rise at a CAGR of 6.6% during the forecast period. The sector is projected to attain a value of USD 837 million by 2034.
The global ESD (Electro-static Discharge) safe matting market size is estimated to reach USD 118 million in 2024. Over the assessment period from 2024 to 2034, worldwide demand is projected to exhibit a 4.7% CAGR, resulting in a size of USD 186.8 million by 2034.
The global heat pump industry value reached USD 46.8 billion in 2023. Over the forecast period, the value is anticipated to rise at 10.2% CAGR. The sector is predicted to increase from USD 51.6 billion in 2024 to USD 136.2 billion in 2034.
The global vertical turbine pump market size is projected to reach USD 26.2 billion in 2024. The industry is anticipated to surge at a CAGR of 5% during the forecast period from 2024 to 2034. It is likely to attain a value of USD 44.9 billion by 2034.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
SOURCE: Future Market Insights, Inc.