Global $74.4 Billion Food & Beverage Processing Equipment Market to 2023 - Leading Players are Marel, GEA Group, Buhler, JBT Corporation and Alfa Laval
DUBLIN, July 13, 2018 /PRNewswire/ --
The "Food & Beverage Processing Equipment Market by Type, Application, Mode of Operation, End-Product Form, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global food & beverages processing equipment market is estimated at USD 55.43 billion in 2018, and is projected to reach a value of USD 74.44 billion by 2023, growing at a CAGR of 6.1%.
The market is primarily driven by factors such as a rise in demand for meat, poultry, dairy, bakery, and confectionery products; increase in demand for processed and convenience food; and a greater focus on production efficiency, processing time, and quality of food products.
The major restraining factor for the food & beverage processing equipment market is the rising costs of production due to increasing energy & labor costs and growing demand for organic & fresh food products. Equipment such as homogenizers, heaters, and ovens used in the food & beverage processing industry consume significantly high energy and power.
Automatic equipment are considered to be advanced, but need uninterrupted electric supply to function efficiently, leading to higher energy bills. In developed countries such as the US, Germany, the UK, and France, the demand for new foods among consumers, changes in their eating habits, and food safety risks are affecting the food processing industry.
The rise in aging population in developed countries has led to growing health concerns, owing to which they prefer fresh and organic food products with no synthetic ingredients used. These factors are expected to restrict the growth of the food & beverage processing equipment market in the long run.
Segment Analysis & Forecasts
On the basis of application, the food & beverage processing equipment market is segmented into bakery & confectionery products, meat & poultry, dairy products, non-alcoholic beverages, alcoholic beverages, fish & seafood, and others. The bakery & confectionery products segment accounted for the largest share, followed by meat & poultry segment, in 2017. The demand for ultra-processed bakery products is high in developed countries such as the UK, Germany, the US, Canada, and Spain. Processing equipment such as industrial ovens, molders, formers, mixers, blenders, and cutters form an integral part of bakery and confectionery product manufacturing, and their high demand is mainly due to the highly fragmented bakery & confectionery products market and high prevalence and demand for these products in both developed and developing countries.
On the basis of mode of operation, the food & beverage processing equipment market is segmented into automatic and semi-automatic. The semi-automatic segment accounted for the larger market share in 2017. Unlike fully automatic equipment that require high capital investment, semi-automatic equipment enable small- and medium-scale manufacturers to support high yield with consistent quality, without compromising on the production efficiency. The process consumes less energy compared to fully automated equipment and provides manufacturers with limited capital capacity and a cost-effective solution. These factors have led to the tremendous growth of the concerned market globally.
On the basis of end-product form, the solid segment accounted for a larger market share in 2017, followed by liquid segment. The solid form is providing food manufacturers with easy handling and packaging of end products. The consumption of processed food in the solid form is driven by the fast food and convenience food trend across the globe, with the changing lifestyles in developing and developed countries. Due to these factors, the market for the processing equipment used for the solid form of food & beverages accounted for the larger share.
The Asia Pacific region is projected to be the fastest-growing market. The growth of Asia Pacific region is due to the demand from the processed foods industry. The food processing sectors in countries such as China, India, Australia, and New Zealand are export-oriented, and the processing sector is of prime importance in these countries as players are focusing on technology adoption and automation. Also, the region is expected to experience a sharp rise in the demand for advanced food processing machinery that helps reduce processing time and enhance the efficiency of manufacturing operations. The expected growth in the number of food processing units in this region is further projected to boost the supply and consumption of food & beverage processing equipment.
Companies such as Marel (Iceland), GEA Group (Germany), Buhler (Switzerland), JBT Corporation (US), and Alfa Laval (Sweden) have acquired a leading market position through the provision of a broad product portfolio, along with a focus on diverse end-user segments.
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Food & Beverage Processing Equipment Market
4.2 Food & Beverage Processing Equipment Market: Key Country
4.3 Food & Beverage Processing Equipment Market, By Application, 2018-2023
4.4 Major Markets for Food & Beverage Processing Equipment
4.5 Food & Beverage Processing Equipment Market, By Application & Region
4.6 Food & Beverage Processing Equipment Market, By Type
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Meat, Poultry, Dairy, Bakery, and Confectionery Products
5.2.1.2 Growing Demand for Processed and Convenience Food
5.2.1.3 Increased Focus on Production Efficiency, Processing Time, and Quality of Food Products
5.2.1.4 Growing Demand for Innovative Food & Beverage Products Due to Changing Consumer Trends
5.2.2 Restraints
5.2.2.1 Rising Costs of Production Due to Increasing Energy and Labor Costs
5.2.2.2 Growing Demand for Organic and Fresh Food Products
5.2.3 Opportunities
5.2.3.1 Emerging Regional Markets
5.2.3.2 Growing Investment Opportunities in the Development of New Food & Beverage Processing Technologies
5.2.4 Challenges
5.2.4.1 Infrastructural Challenges in Developing Countries
5.2.4.2 High Initial Investment and Recurring Cost
5.2.5 Value Chain Analysis
6 Food & Beverage Processing Equipment Market, By Type
6.1 Introduction
6.2 Pre-Processing
6.2.1 Sorting & Grading
6.2.2 Cutting, Peeling, Grinding, Slicing, and Washing
6.2.3 Mixing & Blending
6.3 Processing
6.3.1 Forming
6.3.2 Extruding
6.3.3 Coating
6.3.4 Drying, Cooling, and Freezing
6.3.5 Thermal
6.3.6 Homogenization
6.3.7 Filtration
6.3.8 Pressing
7 Food & Beverage Processing Equipment Market, By Application
7.1 Introduction
7.2 Bakery & Confectionery Products
7.3 Meat & Poultry
7.4 Dairy Products
7.5 Fish & Seafood
7.6 Alcoholic Beverages
7.7 Non-Alcoholic Beverages
7.8 Others
8 Food & Beverage Processing Equipment Market, By End Product Form
8.1 Introduction
8.2 Solid
8.3 Liquid
8.4 Semi-Solid
9 Food & Beverage Processing Equipment Market, By Mode of Operation
9.1 Introduction
9.2 Semi-Automatic
9.3 Automatic
10 Food & Beverage Processing Equipment Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 Italy
10.3.4 Spain
10.3.5 France
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Australia & New Zealand
10.4.5 Rest of Asia Pacific
10.5 Rest of the World (RoW)
10.5.1 Middle East & Africa
10.5.2 South America
11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Key Market Strategies
11.4 Competitive Scenario
11.4.1 Expansions & Investments
11.4.2 Mergers & Acquisitions
11.4.3 New Product Launches
11.4.4 Agreements & Partnerships
12 Company Profiles
12.1 Marel
12.2 GEA Group
12.3 Buhler
12.4 JBT Corporation
12.5 Alfa Laval
12.6 TNA Australia Solutions
12.7 Bucher Industries
12.8 Equipamientos Crnicos, S.L. (Mainca)
12.9 Clextral
12.10 SPX Flow
12.11 Bigtem Makine
12.12 Fenco Food Machinery
12.13 Krones Group
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