Food Processing Equipment Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Food Processing Equipment Market: Industry Prospective

The global food processing equipment market was worth around USD 54.9 billion in 2021 and is estimated to grow to about USD 76.56 billion by 2028, with a compound annual growth rate (CAGR) of approximately 5.7 percent over the forecast period. The report analyzes the food processing equipment market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the food processing equipment market.

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Food Processing Equipment Market: Overview

Food processing equipment is crucial in converting raw food material into consumable food and is an essential part of the food industry across the world. This equipment is used to refine and condition foods such as meat, poultry, dairy, etc. These machines produce hygienic consumable food products that are then consumed by the population.  

The growing world population, rising demand for convenience foods, increasing industrial activity, adoption of advanced technologies, rising focus on automation, etc., are major trends propelling the food processing equipment market growth through 2028.  Lack of skilled labor to operate the zzz is expected to have a hampering effect on the global market growth.

COVID-19 Impact:

The pandemic of 2020 majorly struck the manufacturing infrastructure and rendered multiple markets incurring huge losses. As infections enveloped the world, lockdowns were imposed on a global scale to contain the spread of the virus while this proved effective for the general population it also had an extremely adverse impact on the already suffering world economy.

The sales of frozen foods, particularly ready-to-bake and ready-to-eat frozen bakery products saw a slump in 2020 and this resulted in a negative growth trend for the food processing equipment market.

Food processing facilities were shut down due to a shortage of raw materials and an inadequately skilled workforce to operate the facilities this resulted in huge losses for the food processing equipment market. The food processing equipment market growth is expected to rise at a steady pace in the post-pandemic era as industrial activity resumes and the world returns to normal.  

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Food Processing Equipment Market: Growth Drivers

Rising Demand from Growing Population

The demand for food has substantially increased over the past few years owing to a rapid increase in population across the world. Increasing preference for ready-to-eat foods, increasing urbanization, growing demand for food products, increasing demand for hygienic food products, etc., are some major factors that propel the food processing equipment market growth through the forecast period. Increasing industrial activity in nations of India and China is expected to have a major influence on the food processing equipment market growth through 2028.

Food Processing Equipment Market: Restraints

Lack of Skilled Workforce

The lack of a skilled workforce is a major factor that hinders global food processing equipment market growth through 2028. Food processing equipment required skilled and trained people to operate and run efficiently but there is a shortage of availability for such people in the market landscape and investing in the training of a workforce is not a valid option since it incurs additional costs and reduces profit margins.

Global Food Processing Equipment Market: Segmentation

The global food processing equipment market is segregated based on the mode of operation, end-product form, type, application, and region.

By mode of operation, the market is divided into automatic and semi-automatic. The automatic segment is anticipated to hold a dominant outlook over the forecast period owing to an increase in automation in industries across the world. Semi-automatic food processing equipment is expected to see a steady rise in demand as their adoption in small enterprises increases owing to the relatively low cost of deployment than automatic food processing equipment.

By application, the food processing equipment market is segmented into bakery & confectionery products, meat & poultry, dairy products, non-alcoholic beverages, alcoholic beverages, fish & seafood, other applications (fruits, vegetables, ready-to-eat meals, sauces, and dressings). The bakery & confectionery products segment is predicted to hold a major market share in the global food processing equipment industry landscape. Meanwhile, the meat & poultry segment is expected to see remarkable growth in demand over the forecast period owing to rising demand for hygienic meat products across the world.

Report Scope:

Recent Developments

• In June 2021 – SPX FLOW announced the launch of New APV Pilot 4T Homogenizer equipment that allows testing of various recipes in a single unit. This is anticipated to be highly popular in the food & beverages industry to test new recipes without having to invest for new equipment.

Food Processing Equipment Market: Regional Landscape

Asia Pacific region leads the global food processing equipment market in terms of revenue and volume share. The growth in this region can be attributed to factors such as increasing industrialization, rising demand for convenience food, presence of key food manufacturers, rising disposable income, the purchasing power of the general population, etc. Emerging economies such as India and China are expected to be the most important markets for food processing equipment companies in the Asia Pacific region owing to the rising consumption of food products in this region.

The market for food processing equipment in North America is expected to account for a prominent market share over the forecast period and major revenue is expected to be driven by demand from the United States. Increasing consumption of processed foods and ready-to-eat meals are anticipated to drive the food processing equipment market growth in this region.

Food Processing Equipment Market: Competitive Landscape

Some of the main competitors dominating the global food processing equipment market include - Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT (US), The Middleby Corporation (US), Heat and Control, Inc. (US), Alfa Laval (Sweden), TNA Australia Pty Ltd. (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L (Spain), Clextral (France), SPX FLOW (US), Bigtem Makine (Turkey), FENCO Food Machinery (Italy), Krones Group (Germany), Finis Food Processing Equipment B.V. (Netherlands), Bettcher Industries, Inc. (US), Anko Food Machine Co. Ltd. (Taiwan), Heat and Control, Inc. (US), BAADER (Germany), Dover Corporation (US).

The global food processing equipment market is segmented as follows:

By Mode of Operation

• Automatic
• Semi-automatic

By End-product form

• Solid
• Liquid
• Semi-solid

By Type

• Pre-processing
• Sorting & grading
• Cutting, peeling, grinding, slicing, and washing
• Mixing & blending
• Processing
• Forming
• Extruding
• Coating
• Drying, cooling, and freezing
• Thermal
• Homogenization
• Filtration
• Pressing

By Application

• Bakery & confectionery products
• Meat & poultry
• Dairy products
• Non-alcoholic beverages
• Alcoholic beverages
• Fish & seafood
• Other applications (fruits, vegetables, ready-to-eat meals, sauces, and dressings)

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa