Food Products Machinery Market Overview in the USA
In value terms, food products machinery production reached $ in 2018. The total output value increased at an average annual rate of +% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Food products machinery production peaked in 2018 and is likely to see gradual growth in years to come.
The size of the food products machinery market in the U.S. rose remarkably to $ in 2018, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the market value increased by % year-to-year. Food products machinery consumption peaked in 2018 and is expected to retain growth in the near future.