Mexico Food Processing Blades Market Size & Outlook
Mexico food processing blades market, 2017-2028 (US$M)
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Mexico food processing blades market highlights
- The Mexico food processing blades market generated a revenue of USD 26.9 million in 2021 and is expected to reach USD 46.6 million by 2028.
- The Mexico market is expected to grow at a CAGR of 8.1% 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 26.9 million |
| Market revenue in 2028 | USD 46.6 million |
| Growth rate | 8.1% (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, Mexico accounted for 3.2% 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 |
|---|
Mexico 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 38.29% in 2021. Horizon Databook has segmented the Mexico 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 Monetary Fund, Mexico was the second-largest economy in North America and the sixteenth-largest economy in the world, in terms of nominal GDP in 2020. Over the last few years, North America has witnessed economic volatility owing to stringent trade policies by the U.S. on the import of China-based goods.
This has adversely affected the regional growth at a macro-economic level, thereby creating favorable grounds for increased investments in Mexico. According to the IMF forecasts, the GDP of Mexico contracted by 8.2% in 2020.
However, this GDP is anticipated to improve in the coming years with the IMF forecasting 6.2% and 4.0% growth in 2021 and 2022, respectively depending on postpandemic global economic recovery.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico food processing blades market, including forecasts for subscribers. This country databook contains high-level insights into Mexico food processing blades market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Mexico food processing blades market size, by product, 2017-2028 (US$M)
Mexico Food Processing Blades Market Share, 2021 & 2028 (US$M)
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