The global vegetable dicing machines market is set to witness growth at a CAGR of 4.3% over the forecast period (2022-2032) and top a valuation of USD 2,302.3 Mn by 2032.
Due to their multiple favorable qualities, including quality control, durability, hygiene, and preservation, vegetable dicing machines are widely used in a variety of industries, including bakery and confectionery, meat, seafood, and poultry, dairy, and grains.
The adoption of vegetable dicing machines is on a rise in end-use sectors, particularly in Asia Pacific, where expanding domestic production and rising consumer income levels are fueling innovation in this industry.
Due to expanding foreign direct investments, rising disposable income, and shifting consumer preferences, the food and beverage market in developing countries, such as Asia Pacific, is predicted to dominate in the upcoming years. This in turn is expected to directly influence the vegetable dicing machines market.
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Additionally, it is projected that rising consumer demand for leisure food in China, India, Indonesia, Malaysia, Japan, and other nations will spur industry expansion and, in turn, increase the consumer demand for vegetable dicing machines over the ensuing years.
As per the recent data, around 73% of USDA expenditure goes towards the domain of food assistance. Therefore, it influences various end users of vegetable dicing machines market to expand their consumption capacity. Under the growth of restaurant enterprise program expanding all over the world, the restaurant segment will end up as the highly revenue generating segment for the vegetable dicing machines market players.
Thus, the newly emerging vegetable dicing machines market players must lay emphasis on establishing strong supply chain network with suppliers supplying vegetable dicing equipment to restaurants and other outside eating hotspots.
Key Takeaways from Market Study
- North America is expected to account for the maximum value share of the global vegetable dicing machines market of about 38% by 2032 end
- Growing consumer preference for healthy and nutritious vegetables is driving sales of vegetable dicing machines across the global market
- By application, commercial segment is expected to hold a vegetable dicing machines market share of nearly 74% of the global market by 2022 end
- By commercial application type, restaurants are expected to account for the maximum vegetable dicing machines market share of about 48% of the global market by 2022 end
- In terms of distribution channel, indirect channel is expected to hold a value share of nearly 65% of the global vegetable dicing machines market by 2022 end
“The substantial growth rate of restaurants and other outside eating localities contains maximum share of the gigantic customer base consuming vegetable dicing machines. Thus, the players winning the battle of establishing strong supply chain network with these key divisions in European and North America region will end up running the vegetable dicing machine market by a fair margin over Tier-2 and Tier-3 players.”, says a Future Market Insights analyst.
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Competitive Landscape
Market players of vegetable dicing machines are majorly focusing on research & development, product innovation, geographical expansion, partnerships and mergers and acquisitions to create a larger customer base.
Some significant companies in the global vegetable dicing machines market for food processing equipment include Aktiengesellschaft GEA Group, Group BAADER, AG Bühler, Marel, Laval, Alfa, International Tetra Laval S.A., and AG Krones.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global vegetable dicing machines market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Global Vegetable Dicing Machines Market by Category
By Product Type:
- Electric
- Manual
By Application:
- Commercial
- Restaurants
- Cafes
- Others
- Household
By Distribution Channel:
- Indirect
- Hypermarket/Supermarket
- Convenience Stores
- Independent Retailers
- Online Retailers
- Other
- Direct
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Frequently Asked Questions
- At what value the Vegetable Dicing Machines market is expected to arrive?
- How much growth is the global vegetable dicing machines market expected to show?
- How was the vegetable dicing machines market performing in the last five years?
- How are market players reacting to the new developments in the vegetable dicing machines market?
- How much share does the top 10 companies in the vegetable dicing machines market hold?
- Which are the major countries driving demand for vegetable dicing machines?
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports