Food Processing Equipment Industry Report 2023: Global Market to Reach $98.57 Billion by 2030, Driven by Increasing Demand for Processed Foods and Worker Safety

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Mar 01, 2024, 05:00 ET

DUBLIN, March 1, 2024 /PRNewswire/ -- The "Food Processing Equipment Market by Type, Mode of Operation, and Geography - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The food processing equipment market is projected to reach $98.57 billion by 2030, at a CAGR of 5.8% during the forecast period 2023-2030. The report provides an in-depth analysis of the global food processing equipment market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

The growth of the food processing equipment market is driven by increasing demand for processed foods, a growing focus on food and worker safety, a growing need to increase productivity, food manufacturers' increasing focus on reducing production costs, and government support to promote the food processing industry. However, the high cost of equipment and the consumers' increasing inclination towards minimally processed food products restrain the growth of this market.

In addition, emerging economies such as Latin America, Southeast Asia, and Africa and a rapidly growing plant-based foods market are expected to generate growth opportunities for the players operating in this market. However, the lack of trained labor is a major challenge for market growth.

In 2023, the meat, poultry, and seafood processing equipment segment is expected to account for the largest share of the global food processing equipment market. The large share of this segment is attributed to growing meat production, high demand for processed meat products, growing focus on food safety requirements of meat processors, and consumer preference for protein-rich food products.

In 2023, the semi-automatic segment is expected to account for the largest share of the global food processing equipment market. The segment's large share is attributed to the benefits of semi-automatic food processing equipment, such as greatly improved labor productivity, flexibility in production processes, and technical & economic feasibility.

Asia-Pacific is slated to register the highest CAGR during the forecast period, mainly due to tremendous growth in its food & beverage industry, primarily due to increasing urbanization, growing health awareness, and rising disposable income levels.

Key Questions Answered in the Report-

What is the current revenue generated by food processing equipment globally?
At what rate is the global food processing equipment demand projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the global food processing equipment market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of type and mode of operation are expected to create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global food processing equipment market?
Who are the major players in the global food processing equipment market? What are their specific product offerings in this market?
What are the recent strategic developments in the global food processing equipment market? What are the impacts of these strategic developments on the market?

Market Insights

Factors Affecting Market Growth

Increasing Demand for Processed Foods Driving the Adoption of Food Processing Equipment
Growing Focus on Food and Worker Safety Drives the Market for Food Processing Equipment
Growing Need to Increase Productivity Increases the Adoption of Food Processing Equipment
Food Manufacturers' Increasing Focus on Reducing Production Costs Imputes Food Processing Equipment Market Growth
Government Support to Promote the Food Processing Industry Driving the Growth of the Global Food Processing Equipment Market
High Cost of Food Processing Equipment Limiting the Demand for Food Processing Equipment
Increasing Consumer Inclination Towards Minimally Processed Foods Restraining the Demand for Food Processing Equipment
Growing Markets In Asia, Latin America, and Africa Positively Influence the Demand for Food Processing Equipment
Rapidly Expanding Plant-Based Foods Market Offers Growth Opportunities for the Food Equipment Manufacturers
Lack of Trained Labor Challenges the Growth of the Global Food Processing Equipment Market

Regulatory Analysis

International Standards
European CEN 'C' Standards for Food Machinery Safety
Hygienic Design and Construction Standards
European Hygienic Design Group (EHEDG)
NSF International
3A Sanitary Standards Inc.
ISO

Scope of the Report

Meat, Poultry, and Seafood Processing Equipment

Cutters and Grinders
Smokers, Massagers, and Tumblers
Mixers and Blenders
Tenderizers

Killing and Defeathering Equipment

Slicers
Evisceration Equipment
Cookers, Roasters, and Grillers
Deheading and Gutting Equipment
Filleting Equipment
Other Meat, Poultry, and Seafood Processing Equipment

Beverage Processing Equipment

Brewery Equipment
Filtration Equipment
Carbonation Equipment
Blenders and Mixers
Heat Exchangers
Other Beverage Processing Equipment

Bakery Processing Equipment

Ovens and Proofers
Dough Mixers
Molders and Sheeters
Dividers and Rounders
Depositors and Pan-Greasers
Other Bakery Processing Equipment

Dairy Processing Equipment

Pasteurizers
Homogenizers
Separators

Evaporators and Drying Equipment

Membrane Filtration Equipment
Other Dairy Processing Equipment

Chocolate and Confectionery Processing Equipment

Depositors
Formers
Coating and Spraying Systems
Mixers
Coolers
Other Chocolate and Confectionery Processing Equipment

Fruit and Vegetable Processing Equipment

Juice Extractors
Peelers, Cutters, and Pulpers
Dryers
Evaporators
Other Fruit and Vegetable Processing Equipment

Snack Processing Equipment

Extruders
Mixers
Dryers
Fryers

Seasoning & Flavoring Equipment

Companies Mentioned

Bühler AG
Marel hf
GEA Group Aktiengesellschaft
Bucher Industries AG
John Bean Technologies Corporation
The Middleby Corporation
Heat and Control Inc.
SPX Flow Inc.
Alfa Laval AB
Krones AG
Paul Mueller Company
Tetra Pak International S.A.
Bigtem Makine A.S.
TNA Australia Pty Limited
Hosokawa Micron B.V.

For more information about this report visit https://www.researchandmarkets.com/r/dlaml3

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