Food Processing Equipment Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Food & Beverage
Report Code - OMR-FB-138
Format: PDF, PPT, and Excel
Food Processing Equipment Market to Value Growth During Forecast at 3.9%, Shifting Consumer Demand to Accommodate Contributing Factors Towards Revenue
The term “food processing machinery” refers to the tools and mechanisms utilized in the food industry. In the food industry, equipment is used for various purposes, the most common of which is extending the shelf life of perishable products.
Due to the rapid spread of COVID-19, the equipment manufacturing industry faces considerable market uncertainty on a global scale. Despite the suspension of major industries, governments have taken preventative measures, such as separating individuals from employees, to limit the spread of COVID-19.
Key Takeaways of the Food Processing Equipment Market
By Mode of Operation
Due to the high demand for new technologies, the growing prevalence of automation, and the formidable R&D capabilities of market participants, the market for automatic processing equipment is projected to grow at a significant CAGR between 2023 and 2030.
By Application
In 2022, the confectionery and confectionery sector generated the most revenue. The forecast indicates the greatest expansion for livestock, poultry, and seafood products. People's shifting dietary priorities have increased the demand for meat, poultry, and seafood, as has the increasing awareness of the health benefits of consuming marine products.
By Region
The expanding food processing industry in India and China accounts for most of the market share, and the region is anticipated to grow exponentially over the forecast period. China and Australia's growing demand for frozen foods is driving the expansion of the Asia-Pacific market.
Development of Advanced Equipment to Push Market Towards Widened Revenue
Demand for processed food items and a greater emphasis on food safety has led to increased use of high-tech processing equipment, likely stimulating expansion in the global food processing industry. For example, BAADER marketed its food processing devices as innovative digital solutions for an automated food value chain.
Increasing urbanization, higher per capita incomes and a developing middle class are all positive indicators for consumer markets in the Middle East. Governments in the Middle East actively seek to reduce their economies' reliance on oil by encouraging investment in sectors such as construction, transportation, consumer products, and food production.
Rising Processed Foods Demand to Augment Market Growth
In recent decades, the consumption of processed foods has surged. The increasing human population is a significant contributor to this increase. The United Nations projects that the world's population will reach 9.7 billion by 2050, up from the current estimate of 7.3 billion. Compared to their rural counterparts, urbanites have access to a greater variety and quantity of sustenance.
Increasing efforts to manage pollution and reduce food losses is necessary to strengthen global food security. Common and advanced processing tools will have no difficulty implementing these corrections. Consequently, machinery manufacturers' opportunities are anticipated to increase in the coming years.
Global Food Processing Equipment Market Prominent Players
• Buhler Ag (Switzerland)
• Marel (Iceland)
• JBT (U.S.)
• Tetra Pak International S.A (Switzerland)
• Krones AG (Germany)
• The Middleby Corporation (U.S.)
• Krones AG (Germany)
• Alfa Laval (Sweden)
• Baader (Germany)
• GEA Group Aktiengesellschaft (Germany)
• FENCO Food Machinery s.r.l. (Italy)
• SPX Flow Inc. (U.S.)
Report Scope for Food Processing Equipment Market
Mode of Operation
• Automatic
• Semi-Automatic
Type
• Processing
• Pre-processing
Application
• Bakery & Confectionary
• Meat, Poultry, & Seafood
• Beverage
• Dairy
• Fruits, Vegetables, & Grains
• Others
Food Processing Equipment Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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