Food Processing Equipment Market to Hit $89.35 Billion By 2030

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The global food processing equipment market size is expected to be worth around US$ 89.35 billion by 2030, according to a new report by Vision Research Reports.

The global food processing equipment market size was valued at US$ 55.60 billion in 2020 and is anticipated to grow at a CAGR of 6.10% during forecast period 2021 to 2030.

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Food Processing Equipment Market (By Mode of Operation: Automatic, Semi-automatic; By Type: Processing Equipment, Pre-processing Equipment; By Application: Bakery & Confectionaries, Meat, Poultry, & Seafood, Beverage, Dairy, Fruit, Nut, & Vegetable, Grains, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 89.35billion by 2030
Growth Rate CAGR of 6.10% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Mode of Operation, Type, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned GEA Group Aktiengesellschaft, BAADER Group, Bühler AG, Marel, Alfa Laval, Tetra Laval International S.A., Krones AG, The Middleby Corporation, JBT Corporation, SPX Flow Inc.

Growth Factors

The changing lifestyle of people, increasing inclination toward nutritious food, and awareness about the health benefits of marine products are expected to surge the product demand over the coming years.

Population growth and rising disposable income, along with increasing urbanization, are expected to drive the consumption of processed foods, which, in turn, is expected to benefit the industry growth. Moreover, the governments of Middle Eastern countries are focusing on reducing their reliance on the petroleum sector and promoting investments in industries, such as construction, automotive, and food and beverage.

Farmed fish solutions for the marine industry had provided a convenient solution for the demand-supply imbalance. However, the industry witnessed a price hike for fresh and processed fish. The positive economic condition of the market and potential customers are some of the prominent factors that assure the prominent growth of the market over the forecast period.

Rising population, dietary shifts, and a rise in spending power influence the market growth, which exerts pressure on the industry to fulfill the ever-increasing demand of the world. In addition, the growing need for equipment in the wake of the rising consumption of processed foods in the developing economies in Asia Pacific is expected to drive the industry.

Report Highlights

The semi-automatic segment held the largest revenue share of 50.59% in 2020. Automatic processing equipment is expected to expand at a significant CAGR from 2021 to 2028 owing to the high demand for technological development, growing use of automation, and strong research and development capabilities of market players.

Previously, manufacturers used to opt for semi-automated equipment owing to the availability of labor, low cost of the semi-automated product, and financial budget. As the demand for processed food had increased, the manufacturers preferred to have automated systems in the market.

On account of the need to offer precise, standard, and quality products and gain a competitive advantage over other players, the manufacturers provide automated operational systems for the manufacturing of food processing equipment. With the latest industrial trend, the market for automated food processing equipment is expected to witness considerable growth over the forecast period.

The rise in demand for fast and packaged food is expected to compel manufacturers to expand their production capabilities, which is likely to trigger product demand over the forecast period. Consumers owing to various economic and environmental factors tend to opt for processed products, which, in turn, is expected to boost the product demand over the coming years.

Bakery and confectionaries held the largest revenue share of 21.71% in 2020. products are expected to witness the fastest growth over the forecast period. The changing lifestyle of people, increasing inclination toward nutritious food, and awareness about the health benefits of marine products have triggered the demand for meat, poultry, and seafood products. In addition, the rising demand for equipment in which a single unit can operate multiple operations, such as cleaning, skinning, and weighing, is expected to create opportunities for product manufacturers over the coming years.

The moderate growth of the grains application segment is the result of dynamic regulatory changes and taxes imposed. In recent times, the imposed tariffs of China on the shipments from the U.S. depict lower imports of grain in China. Moreover, adverse weather conditions in Canada affect grain production, which eventually affects the product demand in the region.

Rising demand for nutritional enrichment, along with the EU’s support to regulate the application of food additives at the domestic level, is expected to augment market growth in the region. The presence of functional food manufacturers, along with the increasing R&D expenditure to develop innovatively formulated additives in Europe, is anticipated to boost the product demand over the coming years.

The processing equipment segment held the largest share of over 52.0% in 2020. The segment is expected to witness the fastest growth over the forecast period owing to the high demand for processed products and the increasing popularity of healthy and packaged food.

Pre-processing equipment deals with mixing, killing, and filleting, which are used in a wide range of application industries. The demand for these systems is expected to emerge from the Middle Eastern and Central and South American nations owing to the growing urbanization, industrialization, and changing consumer eating patterns.

Currently, over 80% of the people live in urban areas where consumers tend to opt for processed foods, such as frozen, bakery and confectionery, flavored dairy, and other allied products. In addition, advancements in processing and packaging technologies are anticipated to surge the product demand over the coming years.

The shelf arrangement in the supermarkets or hypermarkets or online sales altogether affects the buying behavior of the customers, which triggers the product sales. The constant rise in the demand for processed products is expected to create opportunities for food processing equipment manufacturers over the forecast period.

Asia Pacific held the largest revenue share of 37.21% in 2020 and is expected to witness the fastest growth over the forecast period. The Chinese market has a significant number of players, and thus product innovation and strategic alliance are the success factors for the Chinese players. New product innovations, developments, and the introduction of advanced technologies offer favorable opportunities for food manufacturers, thereby surging the market growth in recent years.

The U.S. is one of the most urbanized countries with around 80% of its population living in urban areas. This has influenced food preferences, which, in turn, has favored the growth of the food processing industry. However, being a mature market, the product demand is expected to witness sluggish growth over the forecast period.

Europe is one of the prominent regions in the food and drink industry. The industry accounts for a majority of the share in Europe’s economy as countries like Germany, Italy, and the U.K. play a vital role in shaping the economy. The increasing demand and supply of these systems in these areas, along with a strong and distributed network, is expected to create opportunities for product manufacturers over the coming years.

In Brazil, processed products are expected to witness a positive performance over the forecast period. Macroeconomic factors such as GDP growth and steady economic conditions have favored the growth of the food industry, and thus the processing equipment market. The market in Brazil is expected to expand at a CAGR of 5.1% from 2021 to 2028 owing to the untapped opportunities and customer base.

Key Players

  • GEA Group Aktiengesellschaft
  • BAADER Group
  • Bühler AG
  • Marel
  • Alfa Laval
  • Tetra Laval International S.A.
  • Krones AG
  • The Middleby Corporation
  • JBT Corporation
  • SPX Flow Inc.

Market Segmentation

  • Mode of Operation Outlook
    • Automatic
    • Semi-automatic
  • Type Outlook 
    • Processing Equipment
    • Pre-processing Equipment
  • Application Outlook 
    • Bakery & Confectionaries
    • Meat, Poultry, & Seafood
    • Beverage
    • Dairy
    • Fruit, Nut, & Vegetable
    • Grains
    • Others
  • Regional Outlook 
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
    • Asia Pacific
      • China
      • India
      • Australia
      • Japan
      • South Korea
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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