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

Published Date : Apr 2021 | No. of Pages : 150+ Pages | Category : Food and Beverages

The global food processing equipment market size is expected to be worth around US$ 89.35billion 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.

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 Food Processing Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Food Processing Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Food Processing Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Processing Equipment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Food Processing Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Food Processing Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Food Processing Equipment by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Food Processing Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Food Processing Equipment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Food Processing Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Food Processing Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Food Processing Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Food Processing Equipment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Food Processing Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Food Processing Equipment market. These factors have benefited the growth of the global market for Food Processing Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Food Processing Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Food Processing Equipment are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

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.

Featured Research Reports

  • Featured Research Reports

    Animal Feed Additives Market (By Product: Antibiotic, Vitamin, Antioxidant; By Livestock: Poultry, Pork, Cattle, Aquaculture) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    Food Contract Manufacturing Market (By Service: Manufacturing, Packaging, Custom Formulation And R&D) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    U.S. Cold Storage Market (By Warehouse Type, By Construction Type: Bulk Storage, Production Stores, Ports; By Temperature Type; By Application) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    Prebiotic Ingredient Market (By Type: Inulin, Oligosaccharide (MOS/GOS/FOS); By Application: Food & Beverage, Dietary Supplements) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.

  • Featured Research Reports

    Amino Acids Market (By Raw Material: Plant Based, Animal Based; By Product; By Application; By Livestock) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030.