Food & Beverage Processing Machinery Manufacturing in the UK - Industry Market Research Report

Diminished demand: A challenging operating environment is diluting revenue expansion in 2023-24

Manufacturers in this industry produce equipment and machinery for non-domestic food and drink production processes, like cooking equipment and liquid processing systems. Key downstream customers, particularly in the food delivery market, have performed strongly, driving high spending on new specialist equipment. Since the EU referendum, the pound's depreciation temporarily raised export revenue but failed to prevent import penetration. The adverse economic effects of the COVID-19 outbreak contributed to a 15.3% drop in revenue in 2020-21. Over the five years through 2023-24, the food & beverage machinery manufacturing industry is expected to tumble at a compound annual rate of 1% to £973.4 million. Companies in this industry manufacture machinery for non-domestic food and beverage processing. Cooking and drying equipment is industry-related, but machinery used to weigh, pack, or irradiate food and beverage products is not. Products manufactured by the industry are intended for use by industrial food and beverage processors and food-service businesses. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.