According to the recent FMI report, the sales of the food processing equipment market are expected to surpass a value of US$ 69.8 Bn in 2032, rising at a CAGR of around 4.5% through the end of 2032.
The growth of packing solutions that are sturdy enough to endure the rigors of manufacturing and transportation has been fueled by rising customer expectations for clean, nutritious, and safe meals.
Bagging, filling, wrapping, conveying, sealing, and other all-purpose operations are becoming more popular. The market has also witnessed an increase in the for shelf-stable food goods, increasing the adoption of aseptic packaging and forming machines.
Other factors influencing the food processing equipment market include increased demand for dairy, meat, poultry, and seafood products, coupled with rising awareness of food safety. Food processing is the process of converting raw ingredients into desirable food items through chemical or physical techniques. These machines can be fully or partially automated.
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These instruments are utilized in a variety of sectors, including seafood and meat processing, poultry farming, dairy, chocolate, vegetable and beverage processing. High-speed packaging and labelling machines are used in the dairy and meat industries. There are three types of end products: liquid, solid, and semi-solid.
Key Takeaways from the Food Processing Equipment Market Study:
- Europe & North America hold majority in the food processing equipment manufacturing global share
- The meat, poultry, and seafood industries will account for the bulk of market share and will continue to do so for the foreseeable future.
- India is estimated to be the lucrative food processing equipment market in South Asia over the forecast period
“Key players in the food processing equipment market are focusing on developments and opportunities for manufacturing of ready-to-eat food. In order to gain competitive edge, market players are spending extensively in R&D to develop novel products. Manufacturers are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency.” said a lead analyst at FMI.
Who is winning?
Some of the leading companies operating in food processing equipment manufacturing are Tetra Pak, HOSHIZAKI Corp., Gea Group, Alfa Lavel, Krones, Middleby ,Buhler, Marel, Atlas, Pacific engineering co. inc., Welbilt, Inc., Dover, Rational AG, and others.
Food Processing Equipment Market By Category
By Automation type:
- Storage Tank
- CIP Unit
- Cream Separators
- Spray Dryer
- Batch Collectors & Feeders
- Pulverizing and Mixing
- Melting, Heating & Cooking
- Flaking, Chipping & Cutting
- Cooling & Chilling
- Flavoring and Seasoning
- Washer/ Crushing
- Pulping/ Milling/ Slicing
- Tanks & Storage
- Distillation/ Sanitizing
- Bottling/ Filling
- Shorting/ Segregating
- Pealing & Slicing
- Cooling/ Freezing
- Drying/ Frying / Cooking
- Others Applications
By Region, Food Processing Equipment Market is Segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
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Frequently Asked Questions
- How big is the food processing equipment market?
- What is the North America food processing equipment market outlook?
- At what rate will food processing equipment demand grow in Europe?
- What are the key trends shaping food processing equipment?
- How much is the current worth of food processing equipment market?
- How was the performance in the last five years?
- What is the demand outlook forecast for the food processing equipment market?
- Who are the top 5 players operating in the market?
- How are market players reacting to the new developments in the market?
- Which are the major countries driving demand for food processing equipment?
Explore FMI’s related ongoing Coverage on Food and Beverage Domain
Food Service Equipment Market: The food service equipment market size is projected to reach US$ 43.9 Billion. Demand is forecast to surge at a steady 5.6% CAGR, pushing the market valuation to US$ 75.9 Billion by 2032.
Food Sterilization Equipment Market: Food Sterilization Equipment market is expected to reach US$ 625 Mn in 2022, with sales growing at a CAGR of 5.7% over the forecast period. With a favourable demand outlook, the market size will top US$ 850 Mn by 2032.
GCC Functional Food Market: GCC Functional Food Market: The revenue generated from the sales of functional foods in GCC countries is estimated to be around US$ 4,895 Mn in 2014, and is projected to expand at a CAGR of 10.9% during the forecast period 2015-2020.
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