The global food processing equipment market size was valued at USD 58 Billion in 2022 and is expected to reach USD 89 Billion by 2031, expanding at a CAGR of 6% during the forecast period, 2023 to 2031. The growth of the food processing equipment market is attributed to the growing concern about food safety and food waste among people.
The term "equipment" in the context of food processing refers to the systems, machinery, and other processing machines used to prepare, handle, package, cook, or store food and food products. This food processing equipment ensures cleanliness, security, and quality while offering accurate temperature and pressure control for food products.
Even if their primary goals are palatability, preservation, and consumability few pieces of equipment also carry out primary or auxiliary tasks like packing, handling, and preparation. This equipment is used to manufacture dairy, bakery, and other food products. Depending on the needs of the operation, the food processing equipment can be built to handle solid, semi-solid, and liquid goods either continuously or in batches.
Population growth and rising per capita disposable income are anticipated to increase demand for meat and poultry as well as high consumption of processed goods, which is projected to act as a key factor for market growth during the forecast period. Food processing equipment is used for several applications such as fruit, nut, & vegetable, dairy, beverage, meat, poultry, & seafood, bakery & confectionaries, grains, and others due to their inherently beneficial qualities, including preservation, hygiene, durability, and quality control.
The product is being used more frequently in end-use sectors, particularly in the Asia Pacific, where increased consumer spending and domestic manufacturing are fueling market growth. Factors such as expanding foreign direct investments, rising disposable income, changing consumer preferences, and increasing population, in the Asia Pacific are likely to dominate the food and beverage industry in the upcoming years.
Factors such as urbanization, rising disposable income, and population growth are estimated to boost the market in Middle East countries. The governments in Middle East countries are emphasizing on reducing their dependency on the oil industry and investing in sectors such as food & beverage, transportation, and building.
COVID-19 Impact on Food Processing Equipment Market
The COVID-19 pandemic affected the demand and supply of the global food processing equipment market. Lockdowns across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to an unfortunate decline in market growth. The launch of vaccines to combat the COVID-19 pandemic is expected to contribute to the market growth over the forecast period.
Food Processing Equipment Market Dynamics
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The food processing equipment market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031.
What are the Major Trends in Food Equipment Market?
The demand for processed food products has spurred the adoption of cutting-edge technology-based processing equipment, which is anticipated to increase the global food processing market during the forecast period. Technologies such as Artificial Intelligence, the Internet of Things (IoT), and Industry 4.0 help businesses achieve the maximum standard of food safety and improve traceability, hence lowering the risks related to food processing methods.
Recent developments like the adoption of IoT technology in the food processing equipment industry, as demonstrated by BAADER's revamp of its food processing equipment into modern digital solutions to create an automated food chain, are anticipated to favorably impact the market in the years to come.
What are the Drivers of Food Processing Equipment Market?
Growing concerns among customers about health and dietary plans in both developed and developing countries are anticipated to drive market growth during the forecast period. Government agencies and several food groups are promoting the growth of the industry for food processing technologies and equipment. To ensure the continued safety of ready-to-eat meals, food standards target the players in the value chain and force them to comply with strict legal requirements.
The high demand for easy-to-cook food products is increasing and is expected to drive the growth of the global market. The demand for quick meat products is boosting the growth of the market. The easy-to-cook foods include all ingredients where some cooking or preparation is required before consumption. The easy-to-cook food products are available in convenience stores, retail stores, online channels, supermarkets, and others. Most people prefer easy-to-cook products, as they are easy to carry and use.
What are the Challenges of Food Equipment Market?
Skilled labor is a must for the food processing industry. The most important factor to keep the production lines running with improved efficiency is the lack of qualified staff. The shortage of trained technicians and operators in the US is hindering the growth of the food processing equipment market.
Food manufacturers and consumers today have to navigate an ever-growing number of Stock Keeping Units (SKUs) and seasonal business peaks while also making sure their goods adhere to strict standards for food quality and safety.
What are the Opportunities in Food Processing Equipment Market?
The demand for the adoption of energy-efficient equipment is increasing and creates lucrative opportunities for market players. The food processing industry is focusing on using energy-efficient equipment to reduce operational costs. Industries are minimizing their carbon footprint, which has gained importance, resulting in existing equipment with energy-efficient equipment all over the world.
Scope of Food Processing Equipment Market Report
The report on the global food processing equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Food Processing Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023 – 2031
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Segmentation
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Mode of Operations (Semi-automatic and Automatic), Equipment Types (Pre-processing Equipment and Processing Equipment), Products (Slicers, Separators, Roasters, Ovens, Mixers, Homogenizers, Grinders, Fryers, Feeders, Dryers, Chillers, Smokers, and Others), and Applications (Fruit, Nut, & Vegetable, Dairy, Beverage, Meat, Poultry, & Seafood, Bakery & Confectionaries, Grains, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Food Processing Equipment Market Size and Analysis, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Hobart; Alfa Laval; BAADER Group; Heat and Control Inc.; Bühler AG; GEA Group Aktiengesellschaft; Meyer Industries Limited; JBT Corporation; Krones AG; Nichimo Co., Ltd.; Marel; SPX Flow Inc.; Tetra Laval International S.A.; and The Middleby Corporation
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Food Processing Equipment Market Segment Insights
What are the Major Reasons for Rising Sales in Automatic Segment?
Based on mode of operations, the market is bifurcated into semi-automatic and automatic. The automatic processing equipment segment is anticipated to expand at a high CAGR during the forecast period, owing to a significant need for technological advancement, rising automation, and strong R&D capacities of market players.
Automated operational systems are provided by manufacturers for the production of food processing equipment in order to produce precise, uniform, and high-quality food and obtain a competitive advantage over other competitors. Automation aids in reducing production time while improving output as demand and costs continue to rise. Food processors are becoming increasingly conscious of the potential of data-driven insights to maximize the use of raw materials, improve the quality and safety of food, ensure traceability, and enable continuous development.
The semi-automatic segment is anticipated to hold a key share of the market in the coming years. The semi-automatic food processing machine is known for its manual and automatic operating switches. This semi-automatic food processing machine is widely used for processing several types of food items such as potato fries, chips, sandwiches, and others.
What is the Expected Growth Rate of Processing Equipment Segment?
On the basis of equipment types, the food processing equipment market is segregated into pre-processing equipment and processing equipment. The processing equipment segment accounted for a market share of around 51% in 2021 and is estimated to grow at a rapid pace during the forecast period due to increasing demand for processed food and rising acceptance of packaged and healthy foods.
The positioning of the shelves in supermarkets, hypermarkets, and online stores all have an impact on customers' purchasing decisions, which leads to increased product sales. Rising demand for processed food is projected to create immense growth opportunities for key manufacturers during the forecast period.
The pre-processing equipment segment is expected to expand at a high CAGR during the forecast period. Pre-processing machinery is utilized in a variety of applications for filleting, killing, and mixing. The countries in the Middle East and South America are estimated to have a high demand for pre-processing equipment due to increasing urbanization, industrialization, and shifting dietary habits among consumers.
Which Major Factors Influence the Significant Growth of the Grinder Segment?
In terms of products, the market is fragmented into slicers, separators, roasters, ovens, mixers, homogenizers, grinders, fryers, feeders, dryers, chillers, smokers, and others. These products are used in several industries such as vegetable, nut, fruit, beverage industry, chocolate manufacturing unit, and seafood industry. The grinder segment held a key market share in 2021.
One of the oldest tools developed was the grinder, which was intended to simplify work. To produce purees and masala in the past, humans used mortar and grinding stones. It has become challenging to live without grinders because they fulfill several demands. The growth of the grinder segment is attributed to its factors such as ease to use, affordable, and time-saving.
The homogenizers segment is anticipated to account for a major market share in the coming years. It is a fundamental process that supports the production of many popular foods. It benefits from improved aesthetic properties including flavor, enhanced shelf stability, enhanced appearance, and better nutritional profiles.
What are the Main Aspects for Boosting the Meat, Poultry & Seafood Segment?
Based on applications, the market is divided into fruit, nut, & vegetable, dairy, beverage, meat, poultry, & seafood, bakery & confectionaries, grains, and others. The meat, poultry, & seafood segment is estimated to expand at a high CAGR during the forecast period.
Demand for the meat, poultry, and seafood segment has increased as a result of changing consumer lifestyles, rising interest for nutritious food, and growing awareness about the health advantages of marine products. Growing need for machinery that can perform several tasks, such as weighing, skinning, and cleaning, with only one piece of equipment is projected to create lucrative opportunities for the key manufacturers during the forecast period.
High taxes imposed on grains is the major factor responsible for the substantial growth of the grains applications segment. China has recently reduced its imports of grain as a result of tariffs it has put on shipments from the US. Increased demand for nutritional enhancement along with EU support for domestic regulations governing the use of food additives is anticipated to drive the market in the region.
Why is Asia Pacific Dominating Food Processing Food Market?
On the basis of regions, the global food processing equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific region held around 37% of the global market share in 2021 and is projected to dominate the market during the forecast period. Growth of the market in the region is attributed to the increasing population, changing consumer preferences, growing disposable income, and boosting foreign direct investments.
Moreover, increasing demand for convenience food products in countries such as Japan, Malaysia, Indonesia, China, and India are expected to drive market growth. The presence of key food processing equipment manufacturers in China is anticipated to act as a major factor for market growth. The introduction of cutting-edge technology and new product advancements has fuelled the market.
Europe is one of the key regions for the food and beverage industry. Rising demand for processed goods is estimated to create lucrative opportunities for food processing equipment manufacturers during the forecast period. Demand for the product is expected to increase due to the presence of functional food manufacturers and rising R&D spending to create additives with novel formulations in the region is projected to propel the market in coming years. The leading players operating in the region are anticipated to benefit from the growing number of food processing facilities
Segments
The global food processing equipment market has been segmented on the basis of
Mode of Operation
Equipment Type
- Pre-processing Equipment
- Processing Equipment
Product
- Slicers
- Separators
- Roasters
- Ovens
- Mixers
- Homogenizers
- Grinders
- Fryers
- Feeders
- Dryers
- Chillers
- Smokers
- Others
Application
- Fruit Nut & Vegetable
- Dairy
- Beverage
- Meat Poultry & Seafood
- Bakery & Confectionaries
- Grains
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Player
- Hobart
- Alfa Laval
- BAADER Group
- Heat and Control Inc.
- Bühler AG
- GEA Group Aktiengesellschaft
- Meyer Industries Limited
- JBT Corporation
- Krones AG
- Nichimo Co., Ltd.
- Marel
- SPX Flow Inc.
- Tetra Laval International S.A.
- The Middleby Corporation
Competitive Landscape
Key manufacturers competing in the global food processing equipment market include Hobart; Alfa Laval; BAADER Group; Heat and Control Inc.; Bühler AG; GEA Group Aktiengesellschaft; Meyer Industries Limited; JBT Corporation; Krones AG; Nichimo Co., Ltd.; Marel; SPX Flow Inc.; Tetra Laval International S.A.; and The Middleby Corporation.
Some of these key companies are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and generate revenue & raise their production line of business during the forecast period.
- In 2021, Italy has begun construction on its first-ever mega food park project in India, which includes food processing facilities.
- In June 2021, Prevenio, a top developer of cutting-edge food safety solutions primarily for the poultry industry, has been acquired by JBT Corporation.
- In June 2019, Hobart unveiled the Centerline HMM20, a new heavy-duty mixer with basic features that is affordable for use in a variety of kitchen tasks like blending and mixing thick dough.
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