REDDING, Calif., May 15, 2024 /PRNewswire/ -- According to a new
market research report titled, 'Food Processing Equipment
Market Size, Share, Forecast, & Trends Analysis by Type
(Meat, Poultry, and Seafood, Beverage, Bakery, Dairy, Fruit and
Vegetable Processing Equipment), Mode of Operation (Semi-Automatic,
Automatic)- Global Forecast to 2031, the food processing
equipment market is projected to reach $103.82 billion by 2031, at a CAGR of 5.6% during
the forecast period 2024–2031.
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The global consumption of processed foods has seen a significant
uptick in recent decades. This surge in demand can be attributed to
several interconnected factors, including the global trend of
urbanization, fast-paced lifestyles, a growing prevalence of
nuclear families, an increasing number of working women, and the
limited time available for food preparation. Processed foods are a
vital part of the global food supply and contribute to food
security (ensuring that sufficient food is available) and nutrition
security (ensuring that food quality meets human nutrient needs).
Further, there have been major shifts in dietary patterns, such as
from the consumption of basic staples to more diversified diets.
Consumers are increasingly preferring more value-added food
categories, with their health goals greatly impacting food
processors. This increasing consumer preference for processed foods
has led to increased production by food processors.
As the demand for processed foods is on the rise, technological
advancements have become necessary for the growth of the sector and
the diversification of the processed food manufacturers' existing
production capabilities. Also, there is a growing demand for the
processing of basic products such as fruits, vegetables, and
grains, which require technologically advanced equipment.
Therefore, there is a need to adopt new methods, technologies, and
machinery that will minimally impact the sensory qualities of food,
such as color and texture, in the food processing industry. Thus,
to gain a technological edge in the market, food processors are
exploring new processing and preservation technologies with the
help of advanced processing equipment, thereby fueling the adoption
of food processing equipment across the globe.
In recent years, the global food processing equipment market has
witnessed several mergers & acquisitions; expansions;
partnerships, agreements, and collaborations; product launches; and
other developments. The key players operating in the global food
processing equipment market are Bühler AG (Switzerland), Marel hf (Iceland), GEA Group Aktiengesellschaft
(Germany), Bucher Industries AG
(Switzerland), John Bean
Technologies Corporation (U.S.), The Middleby Corporation (U.S.),
Heat and Control Inc. (U.S.), SPX Flow, Inc. (U.S.), Alfa Laval AB
(Sweden), Krones AG (Germany), Paul Mueller Company (U.S.), Tetra
Pak International S.A. (Sweden),
Bigtem Makine A.S. (Turkey), TNA
Australia Pty Limited (Australia),
and Hosokawa Micron B.V. (Netherlands).
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The global food processing equipment market is segmented by
type, mode of operation, and geography.
Key Findings in the Global Food Processing Equipment Market
Study:
Based on type, the food processing equipment market is segmented
into meat, poultry, and seafood processing equipment; bakery
processing equipment; beverage processing equipment; dairy
processing equipment; chocolate and confectionery processing
equipment; fruit and vegetable processing equipment; snacks
processing equipment; and other food processing equipment. In 2024,
the meat, poultry, and seafood processing equipment segment is
expected to account for the largest share of 25.5% of the
global food processing equipment market. However, the beverage
processing equipment segment is projected to register the highest
CAGR during the forecast period of 2024–2031.
Based on mode of operation, the food processing equipment market
is segmented into semi-automatic and automatic. In 2024, the
semi-automatic segment is expected to account for the larger share
of 60.3% the global food processing equipment market. The
segment's large share is attributed to the benefits of
semi-automatic food processing equipment, such as greatly improved
labor productivity, flexibility in production processes, and
technical & economic feasibility. However, the automatic
segment is projected to register the highest CAGR in the global
food processing equipment market during the forecast period of
2024–2031.
Based on region, the global food processing equipment market is
segmented into North America,
Europe, Asia-Pacific, Latin
America, and the Middle
East & Africa. In 2024,
Asia-Pacific is expected to
account for the largest share of 43.0% of the food
processing equipment market, followed by Europe and North
America. The Asia-Pacific
food processing equipment market is estimated to be worth
USD 30.38 billion in
2024. Asia-Pacific's major market
share is attributed to the increasing demand for processed food
products in emerging and developing countries of the region,
including India, China, Indonesia, and Thailand; rising investments from major food
and beverage players; and government support to promote the food
processing sector.
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Investments in the food and beverage sector in the Asia-Pacific region have been quite
significant. Rising investments from major food and beverage
manufacturers have made Asia-Pacific one of the world's largest
markets for food processing equipment. For instance, as of
July 2023, Nestlé India planned to invest USD 564 million by 2025 to expand its
manufacturing capacity for noodles, coffee, and chocolates in
India. The investment will help
the company meet the demand for both mass and premium products. In
September 2022, Cargill, Incorporated
(U.S.) partnered with the Singapore Economic Development Board
(EDB) to launch its first digital business studio in Asia. The studio is designed to support local
founders with investments that bring Cargill solutions to the
market and accelerate innovation for the food and agriculture
industry in Asia-Pacific.
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Scope of the Report:
Food Processing Equipment Market Assessment—by
Type
- Meat, Poultry, and Seafood Processing Equipment
- Cutters and Grinders
- Smokers, Massagers, and Tumblers
- Mixers and Blenders
- Tenderizers
- Killing and Defeathering Equipment
- Slicers
- Evisceration Equipment
- Cookers, Roasters, and Grillers
- De-heading and Gutting Equipment
- Filleting Equipment
- Other Meat, Poultry, and Seafood Processing Equipment
- Beverage Processing Equipment
- Brewery Equipment
- Filtration Equipment
- Carbonation Equipment
- Blenders and Mixers
- Heat Exchangers
- Other Beverage Processing Equipment
- Bakery Processing Equipment
- Ovens and Proofers
- Dough Mixers
- Molders and Sheeters
- Dividers and Rounders
- Depositors and Pan-greasers
- Other Bakery Processing Equipment
- Dairy Processing Equipment
- Pasteurizers
- Homogenizers
- Separators
- Evaporators and Drying Equipment
- Membrane Filtration Equipment
- Other Dairy Processing Equipment
- Chocolate and Confectionery Processing Equipment
- Depositors
- Formers
- Coating and Spraying Systems
- Mixers
- Coolers
- Other Chocolate and Confectionery Processing Equipment
- Fruit and Vegetable Processing Equipment
- Juice Extractors
- Peelers, Cutters, and Pulpers
- Dryers
- Evaporators
- Other Fruit and Vegetable Processing Equipment
- Snack Processing Equipment
- Extruders
- Mixers
- Dryers
- Fryers
- Seasoning & Flavoring Equipment
- Other Snack Processing Equipment
- Other Food Processing Equipment
Food Processing Equipment Market Assessment—by Mode of
Operation
Food Processing Equipment Market Assessment—by
Geography
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Netherlands
- Rest of Europe
- North America
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
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