Analysis of the Food Processing Equipment Market: Assessment of Market Size, Trends, Statistics, and Competitors
Global Food Processing Equipment Market by Mode of Operation (Automatic and Semi-Automatic), by Type (Processing and Pre-processing), by Application (Bakery & Confectionary, Meat, Poultry, & Seafood, Beverage, Dairy, Fruits, Vegetables, & Grains, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Size, Share, COVID-19 Impact, Regional Analysis & Forecast Till 2030
Category - Food & Beverage
Report Code - OMR-FB-138
Format: PDF, PPT, and Excel
Food Processing Equipment Market Overview
"Food processing machinery" refers to the various tools and systems used in the food industry. Equipment is used for various purposes in the food industry, the most common of which is extending the storage life of perishable goods. During the projected period, the market is likely to rise as a consequence of rising demand for meat and poultry as well as processed products, driven by rising incomes and population. These systems' intrinsic benefits, such as quality control, durability, hygiene, and preservation, make them widely used in a variety of industries, including but not limited to bakery and confectionery, meat, marine, poultry, dairy, and grains. Especially in Asia and the Pacific, where domestic manufacturing and consumer income levels are on the rise, the product is seeing increased application in end-use sectors. The food and beverage industry makes extensive use of this apparatus. Convenient, aesthetically pleasing, toxin-free, and hygienically sound consumable food products are what drive the sales of food processing machines. The food processing sector relies heavily on the services of trained, clean workers. The most pressing issue in maintaining the efficiency of the manufacturing lines is the severe shortage of skilled laborers. According to secondary research, the shortage of trained technicians and operators in the United States is a major problem for manufacturers of food processing machines. Worldwide, the equipment manufacturing sector is facing considerable market uncertainty due to the rapid spread of COVID-19.
Food Processing Equipment Market Growth Factors
Introduction of Advanced Machinery to Propel Market Growth
Demand for processed food items and increased focus on food safety have contributed to the rise in the use of high-tech processing equipment, which in turn is likely to drive growth in the worldwide food processing industry. For instance, BAADER marketed the food processing machines it manufactures as cutting-edge digital solutions for an automated food value chain. Technologies like IoT, AI, and Industry 4.0 help businesses ensure the highest food safety and traceability standards, lowering the likelihood of accidents during food processing. The market's growth is predicted to accelerate in the next years due to customers' shifting focus toward health and adopting alternative dietary practices in developing and developed countries. The food processing technology and equipment market is growing as governments and other food organizations encourage machine makers to spend more on research and development. For instance, a food standards agency in the United Kingdom provides numerous training sessions to the makers of food processing equipment to ensure that food hygiene standards are met, hence preserving the nutritional value of the final product. Food standards aim to ensure that all links in the food supply chain adhere to the government's strict laws concerning the quality and safety of processed foods. As a result, developing nations will likely see a rise in demand for processed food that has been thoroughly checked for cleanliness and safety. Increasing urbanization, higher per capita incomes, and a growing middle class all bode well for Middle Eastern consumer markets. Governments in the Middle East actively seek to diversify their economies away from their reliance on oil by encouraging investment in sectors like building and transportation as well as consumer goods and food production.
Rising Consumer Demand for Processed Foods to Increase Sales of Equipment
Consumption of processed foods has skyrocketed in recent decades. A significant contributor to this rise is the expanding human population. The United Nations estimates that the global population will reach 9.7 billion by the year 2050, up from its current estimate of 7.3 billion. In contrast to their rural counterparts, urbanites have access to a more diverse and plentiful food supply. Improved living conditions and higher earnings, both of which are effects of urbanization, have a multiplicative effect on the increasing accessibility of processed food. This drives the global adoption of food processing equipment as food processors seek and explore innovative processing and preservation processes using cutting-edge machinery. The marine industry's demand-supply mismatch was easily resolved due to aquaculture innovations. Fresh and processed fish had a price increase, however. During the projection period, the market is expected to expand at a healthy rate due to several factors, including the current economic climate and the demand from new clients. Despite a significant drop in the worldwide prevalence of malnutrition, the situation of the world's undernourished remains precarious. Increases in population, changes in cuisine, and disposable income all contribute to a growing market, which in turn puts stress on related industries to meet rising global demand. Increased efforts to manage pollution and decrease food losses are necessary to strengthen global food security. Both common and high-tech processing tools will have no trouble implementing these fixes. As a result, chances for machinery producers are anticipated to arise over the forecast era.
Food Processing Equipment Industry Segmentation
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
Mode of Operation Insights
Automatic Equipment to Accommodate Largest Revenue Owing to Immense Capabilities
Based on the mode of operation, the global market can be differentiated between automatic and semi-automatic
From 2023 to 2030, the market for automatic processing equipment is projected to rise at a considerable CAGR due to the high demand for new technologies, the increasing automation, and the formidable R&D capabilities of market participants. Semi-automated equipment was previously preferred by manufacturers because of factors including budget, personnel availability, and product pricing. Due to rising consumer demand, processed food factories increasingly favor using automated technologies.
Forecasts show a high CAGR for automatic machinery over the next few years. Over the projected period, increased production capacity will spur product demand as manufacturers respond to rising demand for fast and packaged food. Demand for processed goods is predicted to increase in the future due to consumers' preference for these goods in light of current economic and environmental conditions.
Application Insights
Fruits, Vegetables, & Grains to Amass Maximum Process Requirements Owing to Shifting Consumer Trends Regarding Healthier Consumption
The global market can be split between bakery & confectionary, meat, poultry, & seafood, beverage, dairy, fruits, vegetables, & grains, and others based on application.
In 2022, the bakery and confectionary industry brought in the most money. The prediction indicates the highest growth for meat, poultry, and seafood items. People's shifting priorities have stoked the demand for meat, poultry, and seafood in terms of diet and the growing knowledge of the positive effects of consuming marine items on one's health. In addition, in the coming years, product producers should anticipate increased demand for equipment that can perform various functions, such as cleaning, skinning, and weighing, with a single unit.
Regulatory shifts and new tariffs have fueled the rapid expansion of the fruits, vegetables, & grains segment. China's tariffs on U.S. goods explain why the country has been importing less grain lately. In addition, bad weather in Canada reduces grain output, which lowers regional demand for the commodity.
Regional Insights
Asia Pacific to Dominate Global Market Owing to Increased Consumer Spending & Urbanization
The global market can be fragmented across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa based on regional expansion.
The expanding food processing sector in India and China accounts for most of the market share, and the region is predicted to increase exponentially throughout the projection period. The National Investment Promotion & Facilitation Agency of India (NIPFA) reports that the food processing industry in India will be worth about USD 543 billion by the end of 2020, creating several promising new business avenues. The expansion of the Asia-Pacific market is being spurred by the rising demand for frozen food in China and Australia. A developing food processing industry, a significant number of food and beverage production plants, and increased demand for food processing equipment from Chinese F&B businesses all point to China's continued dominance of the Asia-Pacific market through 2027.
The European Union's backing of local regulation of the use of food additives, combined with rising demand for nutritional enhancement, bodes well for the region's market. Europe's growing number of functional food producers and the region's rising R&D spending on novel additive formulations should drive rising product demand. As the population of the United Kingdom, Germany, and France grows, so will the need for ready-to-eat and convenience foods across Europe. Key companies in this market can anticipate future growth due to the region's rising number of food processing facilities.
North America is experiencing a dramatic increase in food processing facilities. In 2016 California County Business Patterns data from the U.S. Census Bureau showed that the state has roughly 5,640 food and drink production facilities, driving the regional economy's growing demand in the market. The growing size of the food processing technology and equipment market can also be attributed to American consumer tastes shifting toward more nutritious fare. Food processing plants utilize this equipment to speed up the preparation of large quantities of food.
Food Processing Equipment Industry Analysis
Market participants have used tactics including mergers and acquisitions, new product launches, and license agreements to solidify their positions in recent years. Several government regulatory frameworks, taxes, and regulations influence the market for used machinery. Many businesses are adopting novel and competitive methods to stay ahead of the competition and keep their current market position.
Mill E3 by Buhler AG represents a quantum leap in efficiency and economy for the milling sector. As a result, the leading firms are investing in new facilities that require less upkeep.
Food Processing Equipment Market Recent Developments
• In February 2022, in 2021, Bühler (across all three of its divisions) helped contribute to positive outcomes, such as a rise in order intake of 16% to more than USD 3.2 billion.
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.)
Frequently Asked Questions (FAQs)
At what rate will the Food Processing Equipment Market Expand?
According to Objective Market Research, the market for food processing equipment would expand at a CAGR of 3.9% over the forecast period.
What are the factors driving the global Food Processing Equipment Market?
The global food processing equipment market will grow owing to expanding population and rising utilization in various applications, including bakery & confectionery, meat, seafood, and poultry.
Which segment accounted for the largest Food Processing Equipment Market share by application?
The bakery & confectionery segment will dominate during the forecast period owing to an uptick in the need for multi-purpose machines that can do anything from washing to skinning to weighing.
What region holds the major share in the global market scape?
Asia Pacific will occupy the largest market share owing to China and Australia having seen significant increases in their demand for frozen food, driving the growth of the Asia-Pacific industry.
Which are the dominating players in the market during the forecast period?
Some dominant players in the global Food Processing Equipment Market are Kerry Group Plc (Ireland), Associated British Foods PLC (U.K.), ARIAKE Japan Co. Ltd. (Japan), Sensient Technologies Corporation (U.S.), Ajinomoto Co., Inc. (Japan), SHS Group (U.K.), among others.
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Table of Content
1. Introduction
1.1 Market Definition
1.2 Objective of the Study
1.3 Market Scope
1.4 Years Considered in the Study
1.4.1 Historic Year: 2019-2021
1.4.2 Base Year: 2022
1.4.3 Forecast Period: 2023-2030
1.5 Currency Used in the Study
1.6 Boundaries for the Study
1.7 Collaborators/Stakeholders/Benefactors
2. Research Methodology
2.1 Research Outline
2.2 Data Collection Methods
2.3 Data Sources
2.3.1 Secondary Sources
2.3.1.1 Paid Sources
2.3.1.2 Unpaid Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions of the Study
2.7 Limitations of the Study
3. Executive Summary
3.1 Market Outlook
3.2 Analysts Perspective
4. Market Overview
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1. Rising Consumer Demand for Processed Foods
4.1.1.2. Introduction of Advanced Machinery
4.1.2. Restrain
4.1.2.1. Lack of a Skilled Workforce
4.1.3. Opportunities
4.1.3.1. Increasing Demand for Seafood
4.1.4. Impact of Market Dynamics
4.2. Impact of COVID-19 pandemic
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitution
4.4.4. Threat of New Entrants
4.4.5. Competitive Rivalry
5. Global Food Processing Equipment Market Analysis & Forecast, by Mode of Operation from 2019-2030 (in USD million) (Units)
5.1. Automatic
5.2. Semi-Automatic
6. Global Food Processing Equipment Market Analysis & Forecast, by Type from 2019-2030 (in USD million) (Units)
6.1. Processing
6.2. Pre-processing
7. Global Food Processing Equipment Market Analysis & Forecast, by Application from 2019-2030 (in USD million) (Units)
7.1. Bakery & Confectionary
7.2. Meat, Poultry, & Seafood
7.3. Beverage
7.4. Dairy
7.5. Fruits, Vegetables, & Grains
7.6. Others
8. Global Food Processing Equipment Market Analysis & Forecast, by Region from 2019-2030 (in USD million) (Units)
8.1. North America
8.1.1. North America Food Processing Equipment Market Analysis & Forecast, By Country
8.1.1.1. U.S.
8.1.1.2. Canada
8.1.1.3. Mexico
8.1.2. North America Food Processing Equipment Market Analysis & Forecast, By Mode of Operation
8.1.3. North America Food Processing Equipment Market Analysis & Forecast, By Type
8.1.4. North America Food Processing Equipment Market Analysis & Forecast, By Application
8.2. Europe
8.2.1. Europe Food Processing Equipment Market Analysis & Forecast, By Country
8.2.1.1. Germany
8.2.1.2. UK
8.2.1.3. France
8.2.1.4. Spain
8.2.1.5. Italy
8.2.1.6. Rest of Europe (RoE)
8.2.2. Europe Food Processing Equipment Market Analysis & Forecast, By Mode of Operation
8.2.3. Europe Food Processing Equipment Market Analysis & Forecast, By Type
8.2.4. Europe Food Processing Equipment Market Analysis & Forecast, By Application
8.3. Asia-Pacific (APAC)
8.3.1. Asia-Pacific Automotive Adhesive Tape Market Analysis & Forecast, By Country
8.3.1.1. Japan
8.3.1.2. China
8.3.1.3. India
8.3.1.4. South Korea
8.3.1.5. Rest of the APAC
8.3.2. Asia-Pacific Food Processing Equipment Market Analysis & Forecast, By Mode of Operation
8.3.3. Asia-Pacific Food Processing Equipment Market Analysis & Forecast, By Type
8.3.4. Asia-Pacific Food Processing Equipment Market Analysis & Forecast, By Application
8.4. Latin America
8.4.1. Latin America Food Processing Equipment Market Analysis & Forecast, By Country/Region
8.4.1.1. Argentina
8.4.1.2. Brazil
8.4.1.3. Rest of Latin America
8.4.2. Latin America Food Processing Equipment Market Analysis & Forecast, By Mode of Operation
8.4.3. Latin America Food Processing Equipment Market Analysis & Forecast, By Type
8.4.4. Latin America Food Processing Equipment Market Analysis & Forecast, By Application
8.5. Middle East & Africa
8.5.1. Middle East & Africa Food Processing Equipment Market Analysis & Forecast, By Country/Region
8.5.1.1. South Africa
8.5.1.2. UAE
8.5.1.3. Saudi Arabia
8.5.1.4. Rest of Middle East & Africa
8.5.2. Middle East & Africa Food Processing Equipment Market Analysis & Forecast, By Mode of Operation
8.5.3. Middle East & Africa Food Processing Equipment Market Analysis & Forecast, By Type
8.5.4. Middle East & Africa Food Processing Equipment Market Analysis & Forecast, By Application
9. Competitive Landscape
9.1. Market Share Analysis (2022)
9.2. Market Positioning of Top Players (2022)
9.3. Key Developments & Growth Strategies (2020-2022)
9.1. Market Share Analysis (2022)
9.2. Market Positioning of Top Players (2022)
9.3. Key Developments & Growth Strategies (2020-2022)
9.4. SWOT Analysis
10. Company Profiles (Business Overview, Products Offered, Financial Details*, Recent Developments)
10.1. Buhler Ag (Switzerland)
10.1.1. Company Snapshot
10.1.2. Business Overview
10.1.3. Financial Data
10.1.4. Key Products Offered
10.1.5. Recent Developments
10.2. Marel (Iceland)
10.3. JBT (U.S.)
10.4. Tetra Pak International S.A (Switzerland)
10.5. Krones AG (Germany)
10.6. The Middleby Corporation (U.S.)
10.7. Krones AG (Germany)
10.8. Alfa Laval (Sweden)
10.9. Baader (Germany)
10.10. GEA Group Aktiengesellschaft (Germany)
10.11. FENCO Food Machinery s.r.l. (Italy)
10.12. SPX Flow Inc. (U.S.)
10.13. Others
11. Appendix
11.1. Currency Exchange Rate to USD
11.2. Abbreviations
* Financial details captured might be subjected to information available and not be given for privately-held companies or for companies that do not report it in the public domain