Food Processing Equipment - Market Insights, Competitive Landscape, and Market Forecast - 2030

The global food processing equipment market is estimated to grow at a CAGR of 5.61% during the forecast period from 2024 to 2030. The demand for Food Processing Equipment is primarily being boosted by the growing demand for processed food products, rapid advancement in food processing technologies, and increasing focus on efficiency and cost reduction, during the forecast period from 2024 to 2030.

Food Processing Equipment Market Dynamics:

According to the UN Trade and Development (UNCTAD) analysis 2024, global food trade grew by 350% from 2000 to 2021, reaching a total value of $1.7 trillion. Food represents about 8% of total merchandise trade globally, compared to 6% in 2000. Moreover, according to the same analysis mentioned above, the data for the past two decades show that, overall, developed economies have consistently imported more processed food as a share of their total food imports, averaging about 48% compared to around 35% for developing economies.

So, the growing global trade in food, particularly processed food products, fuels the demand for advanced food processing equipment. Manufacturers and processors seek efficient machinery to meet the requirements of producing, packaging, and preserving various food items for export markets.

Moreover, the trend towards convenient and ready-to-eat food options is propelling the demand for advanced processing machinery. Changing consumer lifestyles, marked by an increased reliance on time-saving solutions and pre-prepared food items, underscore the need for technologically advanced processing equipment. This shift necessitates an adaptation in food processing machinery to cater to rising expectations for efficiency, diversity, and excellence in the production of convenience foods. Manufacturers are strategically investing in equipment that enables the effective processing of various convenience food products. For example, in September 2021, GEA launched Batch2Flow, a solution that secures the food production process, saves energy and water, and significantly reduces the use of cleaning chemicals.

On the other hand, the heightened emphasis on efficiency and cost reduction within the food processing industry is serving as a significant driver for the food processing equipment market. With increasing competitive pressures and the need to optimize operational expenses, food manufacturers are prioritizing investments in advanced processing equipment that offer enhanced efficiency and cost-saving benefits.

Thus, due to the interplay of all the above-mentioned factors, the demand for food processing equipment will increase, thus resulting in the overall growth of the food processing equipment market.

However, the high maintenance and operational costs and high initial investment may act as restraining factors that are expected to limit the growth of the food processing equipment market.

Food Processing Equipment Market Segment Analysis:

Food Processing Equipment Market by Type (Preparation Equipment, Mechanical Processing Equipment, Heat Processing Equipment, Preservation Equipment, Packaging Equipment, and Others), Application (Beverages, Bakery & Confectionary, Dairy, Food, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World)

In the application segment of the food processing equipment market, the bakery and confectionary category is estimated to amass a significant revenue share in the overall food processing equipment market in 2023. This can be attributed to its diverse range of products, including bread, cakes, pastries, cookies, chocolates, candies, and more. This variety requires a wide array of specialized equipment for mixing, kneading, baking, molding, coating, and packaging, driving demand for food processing equipment across multiple stages of production.

Moreover, bakery and confectionery products are widely popular and consumed globally, appealing to a broad consumer base across age groups and demographics. The consistent demand for these products ensures a steady requirement for processing equipment to meet production needs. Additionally, with the increasing focus on efficiency and cost reduction, bakery and confectionery manufacturers are embracing automation and technology-driven solutions to optimize production processes. Advanced equipment such as dough kneaders, ovens, depositors, enrobers, and wrapping machines improve productivity, reduce labor costs, and ensure consistent product quality.

The bakery and confectionery industry is characterized by continuous innovation and product development to meet evolving consumer preferences and trends. Manufacturers invest in advanced processing equipment to enhance product quality, consistency, and customization capabilities, allowing them to introduce new flavors, shapes, and textures to the market.

Thus, due to the interplay of all the above-mentioned factors, the demand for bakery and confectionery will increase, thus resulting in the overall growth of the food processing equipment market.

Asia-Pacific Is Expected To Dominate The Overall Food Processing Equipment Market:

Asia-Pacific is expected to account for the highest proportion of the food processing equipment market in 2023, out of all regions. This is due to the region having a well-established processed food industry. Additionally, many Asia-Pacific countries have a significant number of players, and thus product innovations and strategic alliances are the success factors for Asia-Pacific players are some of the key factors driving the growth of the food processing equipment market in Asia-Pacific.

Moreover, the Asia-Pacific region is experiencing rapid urbanization, accompanied by changes in lifestyle and dietary habits. As urban populations grow, there is an increasing demand for processed and convenience foods, driving the need for advanced food processing equipment to meet this demand. Additionally, with a large and growing population, particularly in countries like China and India, the Asia-Pacific region represents a significant market for food processing equipment.

China, which had long held the title of the world's most populous country, was overtaken by India in 2023, according to UN estimates. With India's population still on the rise, it is poised to remain the most populous nation for the foreseeable future. In contrast, China's population growth has slowed significantly due to government policies and evolving social and economic conditions. As a result, China experienced an annual population growth rate of -0.15 percent in 2023.

According to the World Economic Outlook Database April 2024, India surpassed China to become the world's most populous country in 2023. Now home to an estimated 1.4 billion people, India's population exceeds that of the entire European continent. The sheer size of the population translates into substantial demand for processed food products, necessitating efficient processing equipment to ensure supply chain efficiency and meet consumer needs.

Many countries in the Asia-Pacific region are undergoing significant industrialization of their food sectors. This involves the transition from traditional, manual methods of food preparation to modern, automated processing techniques. As a result, there is a growing adoption of food processing equipment to enhance productivity, improve product quality, and meet regulatory standards.

Additionally, several countries in the Asia-Pacific region, such as China, India, Thailand, and Vietnam, are major exporters of processed food products. For instance, according to the Agricultural & Processed Food Products Export Development Authority (APEDA), a division of Ministry of Commerce and Industry, Government of India, India’s exports of processed food were Rs. 62,562.90 Crores/ 7,778.97 USD Millions in 2022-23, which including the share of products like Mango Pulp (Rs. 1189.66 Crores/ 147.60 USD Millions), Processed Vegetables (Rs. 4987.39 Crores/ 620.11 USD Millions), Cucumber and Gherkins (Prepd. & Presvd.) (Rs. 1761.10 Crores/ 218.74 USD Millions), Processed Fruits, Juices & Nuts (Rs. 4754.83 Crores/ 590.21 USD Millions), and Cashew and its products (Rs. 2982.19 Crores/ 370.31 USD Millions).

Therefore, the expansion of food exports drives the demand for food processing equipment to scale up production capacity, ensure product quality, and meet international standards and regulations driving the Asia-Pacific food processing equipment market during the forecast period from 2024 to 2030.

Food Processing Equipment Market Key Players:

Some of the key market players operating in the Food Processing Equipment market include Tetra Pak Group, Bühler, ALFA LAVAL, Marel, Krones AG, GEA Group Aktiengesellschaft, Bucher Unipektin AG, SPX FLOW, Inc., JBT., The Middleby Corporation, LEHUI, Equipamientos Cárnicos, S.L., FENCO Food Machinery s.r.l., Bigtem Makine A.S., TNA Australia Pty Limited., Dover Corporation, Atlas Pacific, WELBILT INC, RATIONAL., HOSHIZAKI CORPORATION, and others.

Recent Developmental Activities In The Food Processing Equipment Market:

• In May 2024, The Middleby Corporation partnered with Ronald McDonald House Charities (RMHC) to provide cooking and ice equipment in Ronald McDonald House programs throughout the U.S.
• In June 2023, The Middleby Corporation acquired Filtration Automation Inc., known for Micron-Pro brand high-capacity oil management systems. Based in Mansfield, Texas, the company’s innovative and patented technologies are used for poultry, fish, and snack applications.

Key Takeaways From The Food Processing Equipment Market Report Study

• Market size analysis for current Food Processing Equipment Market size (2023), and market forecast for 6 years (2024 to 2030)
• Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years
• Key companies dominating the global Food Processing Equipment market.
• Various opportunities are available for the other competitors in the Food Processing Equipment Market space.
• What are the top-performing segments in 2023? How these segments will perform in 2030?
• Which are the top-performing regions and countries in the current Food Processing Equipment market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for Food Processing Equipment market growth in the coming future?

Target Audience Who Can Be Benefited From This Food Processing Equipment Market Report Study

• Food Processing Equipment product providers
• Research organizations and consulting companies
• Food Processing Equipment-related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in Food Processing Equipment
• Various end-users who want to know more about the Food Processing Equipment Market and the latest technological developments in the Food Processing Equipment Market.

Frequently Asked Questions For The Food Processing Equipment Market:

1. What is Food Processing Equipment?

Food Processing Equipment encompasses a wide range of machinery and tools used in the preparation, processing, packaging, and preservation of food products. These equipment types can vary significantly depending on the specific needs of the food processing operation and the type of food being processed.

2. What is the market for Food Processing Equipment?

The global food processing equipment market is estimated to grow at a CAGR of 5.61% during the forecast period from 2024 to 2030.

3. What are the drivers for the global Food Processing Equipment market?

The demand for food processing equipment is primarily being boosted by the growing demand for processed food products, rapid advancement in food processing technologies, and increasing focus on efficiency and cost reduction, during the forecast period from 2024 to 2030.

4. Who are the key players operating in the global Food Processing Equipment market?

Some of the key market players operating in food processing equipment include Tetra Pak Group, Bühler, ALFA LAVAL, Marel, Krones AG, GEA Group Aktiengesellschaft, Bucher Unipektin AG, SPX FLOW, Inc., JBT., The Middleby Corporation, LEHUI, Equipamientos Cárnicos, S.L., FENCO Food Machinery s.r.l., Bigtem Makine A.S., TNA Australia Pty Limited., Dover Corporation, Atlas Pacific, WELBILT INC, RATIONAL., HOSHIZAKI CORPORATION, and others.

5. Which region has the highest share in the global Food Processing Equipment market?

Asia-Pacific is expected to dominate the overall food processing equipment market during the forecast period from 2024 to 2030. This is due to the region having a well-established processed food industry. Additionally, many Asia-Pacific countries have a significant number of players, and thus product innovations and strategic alliances are the success factors for Asia-Pacific players are some of the key factors driving the growth of the food processing equipment market in Asia-Pacific.


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