Market Overview:

Global Food Processing Equipment Market size was valued at USD 53.40 Billion in 2023 and is poised to grow from USD 55.85Billion in 2024 to USD 79.91 Billion by 2032, growing at a CAGR of 4.6 % in the forecast period (2024-2032).

The market is expected to expand at a quicker pace over the period under consideration due to increased demand for poultry and meat and increased consumption of processed food due to increasing population and rising per capita disposable income. Since these systems possess intrinsic advantages such as quality control, ruggedness, hygiene, and preservation, they are employed in large numbers across industries such as cereals, meat, fish, poultry, dairy, and confectionery and bakery. The use of the product by end-use industries is increasing, especially in the Asia Pacific, as innovation there is being fuelled by rising local incomes and production.

Growing populations, higher foreign direct investments, growing disposable income, and changing consumer tastes are all forces propelling the food and beverage industry's anticipated leadership in emerging markets such as Asia Pacific in the long run. Emerging demand for food leisure by China, India, Indonesia, Malaysia, Japan, and others is also expected to drive industry growth and hence product demand in the long run.

The urbanization, population, and disposable income of the Middle Eastern nations are most likely to increase their demand for the products. The Middle Eastern governments are also trying to diversify away from the oil sector and invest in food and beverages, automobiles, and construction industries.

The demand-supply gap was readily plugged by farmed fish alternatives for the sea industry. The price of fresh and processed fish rose, the industry stated. Among the major determinants that ensure the market's huge growth over the forecast period are the market's sound economic health and prospective customers.

The issue of world undernourishment still persists even when the number of malnourished individuals decreased by a significant percentage. The company is faced with the challenge to fulfil the increasing demand of the world due to increasing population, dietary change, and increasing spending power.

There is a larger requirement for additional pollution control measures and minimal wastage of food to enhance global food security. Outfitting conventional and new processing plants will easily achieve these solutions. Over the projection period, equipment producers are expected to gain from this.

Market Drivers

Growing Food Processing Industry

• The increasing food processing sector is one of the most important drivers for the food processing machinery market. Due to the dependence of the food machinery and food processing sectors on each other, increasing demand for processed and packaged food is compelling businesses to invest in sophisticated machinery and equipment. As the need for higher operational efficiency and higher production increases, food companies are looking to effective and mechanized equipment in order to serve the consumers' needs. Further, increasing urbanization, the inclination of consumers towards convenience foods, and the world's increasing population are driving the food processing industry. As firms try to come up with ways of how to make the processing process more efficient and improve productivity, there will be increased demand for new food processing machinery. The machinery is needed for food safety, quality, and the entire process workflow optimization, and thus the market for food processing equipment as an essential part of the development of the industry.

Focus on Food Safety and Quality

• Food safety and quality concerns are a key driving force behind the expansion of the food processing equipment market. High food safety standards, in conjunction with consumer concern for quality levels, are making food processors spend heavily on high-tech equipment that not only satisfies but surpasses hygiene, safety, and compliance standards. Food safety is critical, and risk of contamination or non-conformance with legislation may result in disastrous legal and image repercussions for organizations. This has created a push for cutting-edge equipment that has improved sanitation functionalities, traceability, and automation to ensure a reduction of human interaction and possible contamination hazards. Besides, technology has allowed food manufacturers to control and track quality along the processing levels to ensure that their products are of the highest level of safety and consistency. All these factors are prompting the food processing industry to invest in equipment that not only maximizes efficiency but also maintains high levels of safety and quality standards, thus driving the growth of the food processing equipment market.

Market Opportunities

Technological Advancements in Automation and Robotics

• There is immense market growth potential from the use of robots and automation in food processing machinery. The utilization of automatic machinery is becoming more common with food processors due to advances in technology in an attempt to improve productivity, minimize the cost of labour, and increase accuracy in production activities. Apart from streamlining operations, robotics and automation also provide consistency of food quality, minimize human mistake, and boost food safety through the minimization of contamination. The trend was likely to be even more amplified as businesses strive to boost output and meet emerging customer demands for processed, safe, and quality food products.

Rising Demand for Plant-based and Organic Foods

• A significant opportunity for the food processing machinery business is growing customer demand for plant-based foods and organic food. Demand for plant-based foods and organic food has increased with customers becoming ecologically conscious and health conscious. With this transformation, food makers are being compelled to change the equipment used to process food in order to accommodate various components as well as for satisfying the requirements of organic food processing. Organizations are able to capitalize on the increasing market demand for organic and plant-based foods through investments in diversified and environment-friendly food processing equipment to help cope with such demands.

Market Restraining Factors

High Initial Investment Costs

• One of the major constraints in the food processing equipment industry is the large initial outlay for the purchase and installation of sophisticated machinery. Small and medium-sized businesses (SMEs), especially, might not be able to meet these initial expenses, including the machinery itself as well as installation, maintenance, and training of employees. This cost constraint may hinder the transition to newer technologies and confine market development, particularly to small players that lack the scale of bigger companies with established structures.

Segmentation Analysis

The market scope is segmented because of by Mode of Operation, by Type, by Application.

• By Mode of Operation

Based on the Mode of Operation of the market is segmented into Automatic, Semi-automatic.

The high-quality R&D support of the market, growing automation usage, and high technical progress demand all worked together to enable the automatic segment to take a 52.3% revenue share in 2024.

Manpower availability, low cost of the semi-automatic product, and the budgetary funds enabled the manufacturers to opt for semi-automatic machinery in the past. Because there was greater demand for processed food, the manufacturers would prefer automated processes at their disposal.

Food processing machinery companies provide computer vision-based automatic operating systems for providing precise, uniform, and quality products and gain competitive advantage over other firms. The market for automatic food processing equipment is expected to grow significantly during the forecast period because of the recent industrial trend.

In the range of forecast period, demand for the product is expected to be fuelled by capacity development in manufacturing following anticipated surge in demand for packaged foods and fast foods. Demand for future product is expected to be fuelled by consumers' desire for processed products owing to various economic and environmental considerations.

• By Type

Based on the Type of the market is segmented into Bakery & Confectionaries, Meat, Poultry & Seafood, Beverage, Dairy, Fruit, Nut & Vegetable, Grains, Others.

In 2024, the fastest percentage above 54.6% was from the processing equipment industry. Due to growing demand for processed items and growing demand for packaged foods and healthy food, the industry is expected to grow at the fastest rate in the forecast period.

Pre-processing equipment fillets, kills, and blends and is used in numerous application industries. The food culture, industrialization, and urbanization of the population in Central America, the Middle East, and South America are likely to generate demand for these systems.

Now, over 81.3% of the population is living in the urban area, where processed food such as frozen food, baked, confectionaries, flavoured milk products, etc., and similar related items are the choice of customers. Apart from this, it will also increase further with enhanced processing and packaging methods in the near future.

Customer buying behaviour is shaped by the retail store floor layout in supermarkets, hypermarkets, and online shopping, which, in turn, dictate the sales of the products. During the forecast period, manufacturers of food processing equipment will be preferred by the steady rise in demand for processed food.

• Regional Snapshots

By region, Insights into the markets in North America, Europe, Asia-Pacific, Latin America and MEA are provided by the study. In 2024, Asia Pacific owned the largest revenue share over 37.3% and is forecasted to grow at the highest rate through the forecast period. Owing to the extensive number of rivals in the Chinese market, the success factors of Chinese companies are strategic partnerships and innovation in products. The launches of advanced technologies, new product enhancements, and advancements offer promising opportunities for food manufacturers, driving the growth of the market over recent years.

U.S. Market for Food Processing Equipment

Approximately 78.3% of the population of the United States resides in urban areas, making it a highly urbanized country. Due to this, food habits have been altered, and this has facilitated the growth of the food processing industry. However, since the market is mature, gradual increase in product demand is expected in the forecast period.

One of the top areas in the food and beverages industry is the European region. The sector is the backbone of the European economy, which depends largely on economies such as the United Kingdom, Italy, and Germany. Possibilities for manufacturers are expected to occur in coming years because there will be rising demand and supply of these systems within these territories along with an established and networked system.

Brazil's Market for Food Processing Machinery

It is expected that processed goods in Brazil will have a good performance in the forecasted time period. Expanding GDP and stable economic performances are macroeconomic factors that have sustained the growth of the food industry and thus the market for processing machinery. Brazil's market is expected to grow at a compound annual growth rate (CAGR) of 5.1% between 2024 and 2032 due to its untapped potential and clientele.

List of Companies Profiled:

• Tetra Pak
• Hoshizaki Corp
• Gea Group
• Alfa Laval
• Krones AG
• Middleby
• Buhler AG
• Marel
• Atlas Pacific Engineering Company Inc.
• Welbilt Inc.
• Dover
• Rational AG
• BAADER Group
• The Middleby Corporation
• JBT Corporation
• SPX Flow Inc.
• LEHUI

Key Industry Developments

• An acquisition agreement was finalized in April 2023 whereby Krones would acquire 90% of Ampco Pumps Company LLC. A key step in the establishment of Krones Processing's components business, this strategic transaction completes their portfolio, previously already having Ampco Pumps and Evoguard Valve Technology included, thus all necessary components for the processing technology market.
• Marel in April 2023 made an announcement stating that it has acquired E+V Technology's operating assets, a leading manufacturer of food processing equipment. The move reinforces Marel's position in the marketplace, especially in the meat and poultry industry, by bringing its current line of products state-of-the-art vision technology, expanding its scope of products in the food processing equipment industry.

Report Coverage

The report will cover the qualitative and quantitative data on the global Food Processing Equipment Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations

Regional Analysis

Here are some regional snapshots of the Food processing equipment market:

North America: North America is a major market for food processing equipment, driven by factors such as a growing demand for processed food, increasing adoption of automation in food processing, and the presence of several large food processing companies in the region. The United States is the largest market in this region, followed by Canada.

Europe: Europe is another significant market for food processing equipment, with factors such as strict food safety regulations and a well-established food processing industry driving growth. Germany, France, and the United Kingdom are the largest markets in this region.

Asia Pacific: Asia Pacific is a rapidly growing market for food processing equipment, driven by factors such as a large population, rising disposable incomes, and changing food consumption patterns. China, India, Japan, and Australia are the major markets in this region.

Latin America: Latin America is a growing market for food processing equipment, with factors such as a growing population, increasing urbanization, and a rising demand for convenience food driving growth. Brazil and Mexico are the largest markets in this region.

Middle East & Africa: The Middle East & Africa is a developing market for food processing equipment, with factors such as a growing population, increasing investment in food processing infrastructure, and a rising demand for packaged and processed food driving growth. South Africa and Saudi Arabia are the largest markets in this region.

Food Processing Equipment Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase:

• To gain insightful analyses of the Food Processing Equipment market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the Food Processing Equipment market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the Food Processing Equipment market. Besides the standard structure reports, we also provide custom research according to specific requirements.

Research Scope of the Market:

• Historic year: 2020- 2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Billion

Food Processing Equipment Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: