Marel has set a target of 12% average annual revenue growth for 2017-2026, both organic and through acquisitions. Our growth plan involves capitalizing on our strong R&D investment to drive growth and market penetration. We will also focus on strategic partnerships and acquisitions to fill gaps in the value chain, and to accelerate our full-line product offering and market penetration.
The market for food processing equipment is expected to grow 4-6% annually on average in the long term. Driven by our extensive innovation investment and market penetration, we aim to grow organically faster than the market.