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The global food processing equipment market size was valued at USD 52.68 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.10% from 2024 to 2030. Population expansion, coupled with the rising per capita disposable income, is expected to result in an increased demand for meat and poultry and greater consumption of processed products, thus boosting the market growth over the forecast period. These systems are widely utilized across numerous applications, such as bakery and confectionery, meat, seafood and poultry, dairy, and grains, owing to their inherent advantageous characteristics, such as quality control, durability, hygiene, and preservation. The product is increasingly being utilized in the end-use industries, specifically in Asia Pacific, where rising domestic manufacturing and consumer income levels are driving innovation in this sector.
The food and beverage market in developing regions, such as Asia Pacific, is expected to dominate over the coming years owing to a rise in population, increasing foreign direct investments, rising disposable income, and changing preferences. In addition, increasing demand for leisure food in China, India, Indonesia, Malaysia, Japan, and various other countries is anticipated to boost the growth of the industry, thereby stimulating the product demand over the coming years.
Population growth and rising disposable income, along with increasing urbanization, are expected to augment the product demand in Middle Eastern countries. Moreover, the governments of Middle Eastern countries are focusing on reducing their reliance on the petroleum sector and promoting investments in industries, such as construction, automotive, and food and beverage.
Farmed fish solutions for the marine industry had provided a convenient solution for the demand-supply imbalance. However, the industry witnessed a price hike for fresh and processed fish. The positive economic condition of the market and potential customers are some of the prominent factors that assure the prominent growth of the market over the forecast period.
Though the number of malnourished people in the world has decreased by a considerable percent, the global condition of undernourished people is still critical. Rising population, dietary shifts, and a rise in spending power influence the market growth, which exerts pressure on the industry to fulfill the ever-increasing demand of the world.
In order to improve the food security of the world, one must increase pollution control measures and reduce food losses. These solutions can be easily achieved by standard and advanced processing equipment. This, in turn, is expected to create opportunities for equipment manufacturers over the forecast period.
Market growth stage is medium, and pace of the market growth is accelerating. Several key characteristics shape the dynamics of the food processing equipment market. The increasing spending on the processed food and beverage across the world is one key primary driver of the food processing equipment market growth. Consumers are continuously seeking for new innovative food and beverage products with enhanced nutrition, which is contributing to the market growth.
Food processing equipment manufacturers need to adhere to strict regulation and comply with the standard set by the global and local authorities. Food Safety Modernization Act (FSMA) of U.S. have designed the rules and regulation for food equipment manufacturers. The equipment must have sanitary designs, properly labelled, and must ensure the safety of the food material. The impact of the regulation on the food processing equipment market is significant owing to the involvement of the food products.
The rise of the hospitality industry driven by the increasing tourism, the number of café and restaurant are rapidly increasing. This increase in the end-user numbers are likely to have significant influence on the market growth. Moreover, the expansion of the food grocery retailers, convenience stores, and specialty food retailers across the world, the demand for food processing equipment is propelling.
· BAADER Group
· Marel
· Bühler AG
· GEA Group Aktiengesellschaft
· The Middleby Corporation
· Tetra Laval International S.A.
· Alfa Laval
· Krones AG
· JBT Corporation
· SPX Flow Inc.
· LEHUI
· Equipamientos Cárnicos, S.L. (MAINCA)
· FENCO Food Machinery s.r.l.
· Bigtem Makine A.S.
· TNA Australia Pty Limited
The automatic segment held the largest revenue share of 50.42% in 2023, owing to the high demand for technological development, growing use of automation, and strong research and development capabilities of market players.
Previously, manufacturers used to opt for semi-automated equipment owing to the availability of labor, low cost of the semi-automated product, and financial budget. As the demand for processed food had increased, the manufacturers preferred to have automated systems in the market.
On account of the need to offer precise, standard, and quality products and gain a competitive advantage over other players, the manufacturers provide automated operational systems for the manufacturing of food processing equipment. With the latest industrial trend, the market for automated food processing equipment is expected to witness considerable growth over the forecast period.
The rise in demand for fast and packaged food is expected to compel manufacturers to expand their production capabilities, which is likely to trigger product demand over the forecast period. Consumers owing to various economic and environmental factors tend to opt for processed products, which, in turn, is expected to boost the product demand over the coming years.
Bakery and confectionaries held the largest revenue share of over 20% in 2023. Meat, poultry, and seafood products are expected to witness the fastest growth over the forecast period. The changing lifestyle of people, increasing inclination toward nutritious food, and awareness about the health benefits of marine products have triggered the demand for meat, poultry, and seafood products. In addition, the rising demand for equipment in which a single unit can operate multiple operations, such as cleaning, skinning, and weighing, is expected to create opportunities for product manufacturers over the coming years.
The moderate growth of the grains application segment is the result of dynamic regulatory changes and taxes imposed. In recent times, the imposed tariffs of China on the shipments from the U.S. depict lower imports of grain in China. Moreover, adverse weather conditions in Canada affect grain production, which eventually affects the product demand in the region.
Rising demand for nutritional enrichment, along with the EU’s support to regulate the application of food additives at the domestic level, is expected to augment market growth in the region. The presence of functional food manufacturers, along with the increasing R&D expenditure to develop innovatively formulated additives in Europe, is anticipated to boost the product demand over the coming years.
The processing equipment segment held the largest share of over 52% in 2023. The segment is expected to witness the fastest growth over the forecast period owing to the high demand for processed products and the increasing popularity of healthy and packaged food.
Pre-processing equipment deals with mixing, killing, and filleting, which are used in a wide range of application industries. The demand for these systems is expected to emerge from the Middle Eastern and Central and South American nations owing to the growing urbanization, industrialization, and changing consumer eating patterns.
· Automatic
· Semi-automatic
· Bakery & Confectionaries
· Meat, Poultry, & Seafood
· Beverage
· Dairy
· Fruit, Nut, & Vegetable
· Grains
· Others
· Processing
o Extruders and Forming Machines
o Ovens and Dryers
o Refrigeration and Freezing Equipment
o Coating Equipment
o Others
· Pre-processing
o Sorting & Grading
o Cutting and Peeling Equipment
o Washing Equipment
o Mixing and Blending Equipment
· North America
o U.S.
o Canada
o Mexico
· Europe
o Germany
o U.K.
o Italy
o Russia
· Asia Pacific
o China
o Japan
o Australia
o India
o South Korea
· Central & South America
o Brazil
· Middle East & Africa
o South Africa
The global food processing equipment market size was valued at USD 52.68 billion in 2023.
The global market is projected to grow at a CAGR of 4.10% during the forecast period, 2023-2030.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65647
Published on :
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