Food Processing Equipment Industry Report 2023: Global Market to Reach $98.57 Billion by 2030, Driven by Increasing Demand for Processed Foods and Worker Safety

DUBLIN, March 1, 2024 /PRNewswire/ — The “Food Processing Equipment Market by Type, Mode of Operation, and Geography – Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

The food processing equipment market is projected to reach $98.57 billion by 2030, at a CAGR of 5.8% during the forecast period 2023-2030. The report provides an in-depth analysis of the global food processing equipment market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

The growth of the food processing equipment market is driven by increasing demand for processed foods, a growing focus on food and worker safety, a growing need to increase productivity, food manufacturers’ increasing focus on reducing production costs, and government support to promote the food processing industry. However, the high cost of equipment and the consumers’ increasing inclination towards minimally processed food products restrain the growth of this market.

In addition, emerging economies such as Latin America, Southeast Asia, and Africa and a rapidly growing plant-based foods market are expected to generate growth opportunities for the players operating in this market. However, the lack of trained labor is a major challenge for market growth.

In 2023, the meat, poultry, and seafood processing equipment segment is expected to account for the largest share of the global food processing equipment market. The large share of this segment is attributed to growing meat production, high demand for processed meat products, growing focus on food safety requirements of meat processors, and consumer preference for protein-rich food products.

In 2023, the semi-automatic segment is expected to account for the largest share of the global food processing equipment market. The segment’s large share is attributed to the benefits of semi-automatic food processing equipment, such as greatly improved labor productivity, flexibility in production processes, and technical & economic feasibility.

Asia-Pacific is slated to register the highest CAGR during the forecast period, mainly due to tremendous growth in its food & beverage industry, primarily due to increasing urbanization, growing health awareness, and rising disposable income levels.

Key Questions Answered in the Report-

What is the current revenue generated by food processing equipment globally?At what rate is the global food processing equipment demand projected to grow for the next 5-7 years?What are the historical market sizes and growth rates of the global food processing equipment market?What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?Which segments in terms of type and mode of operation are expected to create major traction for the manufacturers in this market?What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global food processing equipment market?Who are the major players in the global food processing equipment market? What are their specific product offerings in this market?What are the recent strategic developments in the global food processing equipment market? What are the impacts of these strategic developments on the market?

Market Insights

Factors Affecting Market Growth

Increasing Demand for Processed Foods Driving the Adoption of Food Processing EquipmentGrowing Focus on Food and Worker Safety Drives the Market for Food Processing EquipmentGrowing Need to Increase Productivity Increases the Adoption of Food Processing EquipmentFood Manufacturers’ Increasing Focus on Reducing Production Costs Imputes Food Processing Equipment Market GrowthGovernment Support to Promote the Food Processing Industry Driving the Growth of the Global Food Processing Equipment MarketHigh Cost of Food Processing Equipment Limiting the Demand for Food Processing EquipmentIncreasing Consumer Inclination Towards Minimally Processed Foods Restraining the Demand for Food Processing EquipmentGrowing Markets In Asia, Latin America, and Africa Positively Influence the Demand for Food Processing EquipmentRapidly Expanding Plant-Based Foods Market Offers Growth Opportunities for the Food Equipment ManufacturersLack of Trained Labor Challenges the Growth of the Global Food Processing Equipment Market

Regulatory Analysis

International StandardsEuropean CEN ‘C’ Standards for Food Machinery SafetyHygienic Design and Construction StandardsEuropean Hygienic Design Group (EHEDG)NSF International3A Sanitary Standards Inc.ISO

Scope of the Report

Meat, Poultry, and Seafood Processing Equipment

Cutters and GrindersSmokers, Massagers, and TumblersMixers and BlendersTenderizers

Killing and Defeathering Equipment

SlicersEvisceration EquipmentCookers, Roasters, and GrillersDeheading and Gutting EquipmentFilleting EquipmentOther Meat, Poultry, and Seafood Processing Equipment

Beverage Processing Equipment

Brewery EquipmentFiltration EquipmentCarbonation EquipmentBlenders and MixersHeat ExchangersOther Beverage Processing Equipment

Bakery Processing Equipment

Ovens and ProofersDough MixersMolders and SheetersDividers and RoundersDepositors and Pan-GreasersOther Bakery Processing Equipment

Dairy Processing Equipment

PasteurizersHomogenizersSeparators

Evaporators and Drying Equipment

Membrane Filtration EquipmentOther Dairy Processing Equipment

Chocolate and Confectionery Processing Equipment

DepositorsFormersCoating and Spraying SystemsMixersCoolersOther Chocolate and Confectionery Processing Equipment

Fruit and Vegetable Processing Equipment

Juice ExtractorsPeelers, Cutters, and PulpersDryersEvaporatorsOther Fruit and Vegetable Processing Equipment

Snack Processing Equipment

ExtrudersMixersDryersFryers

Seasoning & Flavoring Equipment

Companies Mentioned

Bühler AGMarel hfGEA Group AktiengesellschaftBucher Industries AGJohn Bean Technologies CorporationThe Middleby CorporationHeat and Control Inc.SPX Flow Inc.Alfa Laval ABKrones AGPaul Mueller CompanyTetra Pak International S.A.Bigtem Makine A.S.TNA Australia Pty LimitedHosokawa Micron B.V.

For more information about this report visit https://www.researchandmarkets.com/r/dlaml3

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SOURCE Research and Markets