Industrial Food Smokers Global Strategic Business Report 2024-2030: Adoption of Programmable Logic Controllers (PLCs) in Smoking Systems Sustains Market Growth [Yahoo! Finance]
John Bean Technologies Corporation (JBT)
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Source: Yahoo! Finance
The global market for Industrial Food Smokers was estimated at US$271.7 Million in 2023, and is projected to reach US$314.4 Million by 2030, growing at a CAGR of 2.1% from 2023 to 2030. The growth in the industrial food smokers market is driven by several factors, including the rising consumer demand for smoked and flavored food products, which spurs manufacturers to invest in advanced smoking technologies. The increasing popularity of ready-to-eat and convenience foods expands the addressable market for industrial smokers, as these products often require consistent and high-quality smoking processes. Technological innovations, such as the development of eco-friendly and energy-efficient smoking systems, propel market growth by providing manufacturers with cost-effective and sustainable solutions. Regulatory trends emphasizing food safety and traceability also strengthen the business case for modern industrial smokers, which are designed to meet these stringent requirements. Furt
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JBT
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- 7/30/24 - Miss
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- 9/12/24 - Form 425
- 9/4/24 - Form 425
- 8/26/24 - Form 425
- JBT's page on the SEC website