Companies in this industry manufacture machinery used to process and produce foods and beverages. Major companies include Barry-Wehmiller, Duravant, JBT Corporation, Paul Mueller, and SPX Flow (all based in the US), as well as Anko Food Machine (Taiwan), Bühler AG and Tetra Laval (Switzerland), and GEA Group and KRONES AG (Germany).
COMPETITIVE LANDSCAPE
Demand is driven by food consumption, which depends on population growth and economic conditions. The profitability of individual companies depends on efficient operations and effective marketing. Large companies enjoy economies of scale in purchasing and an ability to offer a wide range of products, including complete food processing machinery systems. Small companies can compete by offering specialized or niche products. The US industry is concentrated: the top 50 companies account for about 70% of industry revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major categories include industrial machinery used for sorting, grading, and similar machines, which account for about 20% of the industry revenue. Other products include commercial food product choppers (about 15%) and industry bakery machinery and equipment (more than 10%) and dairy and milk products plant machinery (about 10%).