Canada Food Processing Blades Market Size & Outlook
Canada food processing blades market, 2017-2028 (US$M)
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Canada food processing blades market highlights
- The Canada food processing blades market generated a revenue of USD 35.2 million in 2021 and is expected to reach USD 59.3 million by 2028.
- The Canada market is expected to grow at a CAGR of 7.7% from 2022 to 2028.
- In terms of segment, circular was the largest revenue generating product in 2021.
- Circular is the most lucrative product segment registering the fastest growth during the forecast period.
Food processing blades market data book summary
| Market revenue in 2021 | USD 35.2 million |
| Market revenue in 2028 | USD 59.3 million |
| Growth rate | 7.7% (CAGR from 2021 to 2028) |
| Largest segment | Circular |
| Fastest growing segment | Circular |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Straight, Curved, Circular |
| Key market players worldwide | Minerva SA ADR, Dorian Drake International, GEA Group AG, John Bean Technologies Corp, Nemco Food Equipment, Marel hf, Baader Bank AG., Bettcher Industries, HALLDE |
Other key industry trends
- In terms of revenue, Canada accounted for 4.2% of the global food processing blades market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. food processing blades market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 46.6 million by 2028.
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Food Processing Blades Market Scope
Food Processing Blades Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada food processing blades market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food processing blades market will help companies and investors design strategic landscapes.
Circular was the largest segment with a revenue share of 40.63% in 2021. Horizon Databook has segmented the Canada food processing blades market based on straight, curved, circular covering the revenue growth of each sub-segment from 2017 to 2028.
According to the International Trade Administration, U.S. Department of Commerce, Canada is the largest trading partner of the U.S., contributing around USD 1.6 trillion in bilateral trade and investments.
The recent economic aid introduced by the government is likely to have a positive spillover effect on the economy with rising demand for Canadian products. According to the OECD, the Canadian economy is expected to witness a strong growth rate of 3.5% in 2021 on account of the easing of COVID-19 restrictions and improved external demand.
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Our clientele includes a mix of food processing blades market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada food processing blades market, including forecasts for subscribers. This country databook contains high-level insights into Canada food processing blades market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Canada food processing blades market size, by product, 2017-2028 (US$M)
Canada Food Processing Blades Market Share, 2021 & 2028 (US$M)
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