The global food vacuum machine market size is projected to grow from USD 12.9 billion in 2020 to USD 16.4 billion by 2025, recording a compound annual growth rate (CAGR) of 5.0% during the forecast period.
The increasing demand for shelf-stable products and ready-to-eat foods and the shift toward easy-to-handle and convenient packaging across regions are some of the major factors that are projected to contribute to the growth of the market during the forecast period. Furthermore, the increasing focus on hygienic packaging solutions with the advent of COVID-19 is projected to encourage the use of food vacuum machines, which contributes to market growth.
The Asia Pacific region is projected to be the largest and fastest-growing market for food vacuum machines during the forecast period. The region witnesses a high demand for convenience and packaged food products, which require food vacuum machines to seal the food content for further preservation.
Also, the rapidly growing income of the middle-class population in the region will encourage increased expenditures on packaged food. The advent of COVID-19 has resulted in consumer preference for hygienically packaged food. These factors are projected to create growth opportunities for food vacuum machine manufacturers in countries such as India, China, Japan, and Australia.
Key players in the global food vacuum machine market include Ulma Packaging (Spain), Proseal (UK), Multivac (Germany), Electrolux Professional (Sweden), Henkelman (Netherlands), Henkovac International (Netherlands), and Promarks (US). These players have broad industry coverage and high operational and financial strength.