The demand for food is expected to grow substantially by 2050. A major factor for this increase is world population growth. According to the Department of Economic and Social Affairs of United Nations, the world population reached 7.3 billion in 2015 and projected to increase 9.7 billion in 2050. According to Alexandratos and Bruinsma, food supplies would need to increase by 60% in order to meet the food demand in 2050. In addition to population growth, food needs will rise due to the urbanization and economic development. According to World Health Organization (WHO), the urban population in 2014 accounted for around 54% of the total global population, up from 34% in 1960, and continues to grow further. The global urban population is expected to grow approximately 1.84% per year between 2015 and 2020, 1.63% per year between 2020 and 2025, and 1.44% per year between 2025 and 2030. At the same time, the global economic growth would lead to a significant reduction or even near elimination of absolute economic poverty in the developing countries. These trends mean that market demand for food or processed food would continue to grow.

Moreover, changes in agricultural practice over the past 50 years have increased the world's capacity to provide food for its people through increase in productivity, greater diversity of foods, and less seasonal dependence. However, food industry faces challenges such as food wastage and international trade. In 2011, according to Food and Agriculture Organization of the U.S. (FAO), per year about more than one-third of food is lost or wasted in postharvest operations, globally. This post-harvest loss accounts for the greatest overall losses, hence reduction in the postharvest losses could be a sustainable solution to increase food availability. Thus, understanding the capacity of agricultural systems to feed the world requires multiple tools and methods for projecting future food demand and reduce wastage of the food, and this is only possible through adoption of modern food processing technologies and equipment by the food processors.

Therefore, increased agricultural production to meet the hunger in the world and need to minimize post-harvest losses implies significant demand for food processing equipment to ensure food security, thereby driving the global food processing equipment market. Meticulous Research® estimated that the global food processing equipment market will grow at a CAGR of 6.9% during the forecast period to reach $91.8 billion by 2025 from $61.5 billion in 2019.The full report on the global food processing equipment market,published by Meticulous Research®, can be accessed at @https://www.meticulousresearch.com/product/food-processing-equipment-market-5049/

Tags: Food Processing Food & Agriculture Technologies
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