The high cost of initial investment and rising costs of production due to increasing energy and labor costs are expected to restrict the growth of the market.

Bakery & Confectionery Products to Be the Leading Application for Food & Beverage Processing Equipment Through 2023

Growth opportunities and latent adjacency in Food & Beverage Processing Equipment Market

The market is driven by factors such as a rise in demand for meat, poultry, dairy, bakery, and confectionery products; increase in demand for processed and convenience food and a greater focus on production efficiency, processing time, qualityoffoodproduc

The market is primarily driven by factors such as a rise in demand for meat, poultry, dairy, bakery, and confectionery products; increase in demand for processed food; and a greater focus on production efficiency and quality of food products.