Product category:
Food Processing News
News Release from: IMS Research | Subject: E Europe market
Edited by the Processingtalk Editorial
Team on 20 June 2006
E Europe swallows up new food processing
equipment
IMS Research forecasts that the European market for food and beverage processing equipment will steadily increase to over E9.2 billion by 2009, growing at around 4% per year
IMS Research forecasts that the European market for food and beverage processing equipment will steadily increase to over E9.2 billion by 2009, growing at around 4% per year However, developing regions such as the Russian Federation and Eastern Europe are expected to register the strongest growth, with annual rates of around 6%
This article was originally published on Processingtalk on 12 Nov 2003 at 8.00am (UK)
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So far these regions have lagged Western Europe in consuming processed foods and beverages.
Rapid development within these regions and increasing consumer incomes mean that the populations are demanding more processed foods and beverages, and this will help to develop the local market for processing equipment.
Further, new EU member states are seeking to expand their food and beverage sales into the established and valuable Western European market.
Senior analyst and report author, Don Tait commented, "EU membership by 10 Eastern European countries in May 2004 is having a positive impact on economic activity in these countries in general, and on their food processing needs in particular.
For example, the food processing industry in Poland is currently undergoing a period of modernisation.
New EU member states have had to modernise and upgrade facilities in order to meet EU standards.
The use of faster and more automated food and beverage processing equipment within the industry can only be expected to rise, to improve capital efficiency and reduce labour costs.
Technical innovation is enticing producers to replace obsolete mechanical solutions with more versatile handling through robotics and more extensive use of PLCs, servos and machine vision.
Apart from higher output, this is offering greater flexibility and improved process control.".
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