DUBLIN--(BUSINESS WIRE)--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.
With an anticipated Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2030, the market is projected to reach a valuation of $98.57 billion by the end of the forecast period.
Emerging trends and expansions across five major regions have been rigorously analyzed, providing stakeholders with precise market insights and future developments. This comprehensive report is based on in-depth primary and secondary research, offering an extensive evaluation of current market dynamics, drivers, and trends, alongside the quantified impact these elements will have on the food processing equipment industry's progression.
Advancements in food technology, heightened concerns for food and worker safety, and an upsurge in global demand for processed foods are driving forces behind the substantial growth predicted for the food processing equipment market. The market is also buoyed by strategies aimed at augmenting productivity and reducing production costs, alongside favorable government initiatives supporting the food processing industry. A significant inclusion in the report is the impact of consumer tendencies towards minimally processed food products, highlighting both the challenges and restraints faced by the market.
The report predominantly features a detailed market segmentation, which includes an assessment based on type — encompassing meat, poultry, seafood processing equipment, bakery and beverage processing equipment, and more — as well as mode of operation, including semi-automatic and automatic. In 2023, the meat, poultry, and seafood processing equipment sector commands a noteworthy portion of the market's share, reflecting the rising production of meat and escalating consumption of protein-rich diets among consumers.
From a regional perspective, an in-depth analysis is presented covering North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is earmarked for the highest CAGR throughout the projection period. This is largely attributed to the accelerated growth of the food and beverage sector, powered by climbing urbanization rates, growing health consciousness, and increased levels of disposable income.
In addition to the quantitative findings, the report also answers key questions regarding current revenue figures, potential market opportunities for industry incumbents and newcomers, and strategic developments impacting the market.
Market Insights
Factors Affecting Market Growth
- Increasing Demand for Processed Foods Driving the Adoption of Food Processing Equipment
- Growing Focus on Food and Worker Safety Drives the Market for Food Processing Equipment
- Growing Need to Increase Productivity Increases the Adoption of Food Processing Equipment
- Food Manufacturers' Increasing Focus on Reducing Production Costs Imputes Food Processing Equipment Market Growth
- Government Support to Promote the Food Processing Industry Driving the Growth of the Global Food Processing Equipment Market
- High Cost of Food Processing Equipment Limiting the Demand for Food Processing Equipment
- Increasing Consumer Inclination Towards Minimally Processed Foods Restraining the Demand for Food Processing Equipment
- Growing Markets In Asia, Latin America, and Africa Positively Influence the Demand for Food Processing Equipment
- Rapidly Expanding Plant-Based Foods Market Offers Growth Opportunities for the Food Equipment Manufacturers
- Lack of Trained Labor Challenges the Growth of the Global Food Processing Equipment Market
Regulatory Analysis
- International Standards
- European CEN 'C' Standards for Food Machinery Safety
- Hygienic Design and Construction Standards
- European Hygienic Design Group (EHEDG)
- NSF International
- 3A Sanitary Standards Inc.
- ISO
Scope of the Report
Meat, Poultry, and Seafood Processing Equipment
- Cutters and Grinders
- Smokers, Massagers, and Tumblers
- Mixers and Blenders
- Tenderizers
Killing and Defeathering Equipment
- Slicers
- Evisceration Equipment
- Cookers, Roasters, and Grillers
- Deheading and Gutting Equipment
- Filleting Equipment
- Other Meat, Poultry, and Seafood Processing Equipment
Beverage Processing Equipment
- Brewery Equipment
- Filtration Equipment
- Carbonation Equipment
- Blenders and Mixers
- Heat Exchangers
- Other Beverage Processing Equipment
Bakery Processing Equipment
- Ovens and Proofers
- Dough Mixers
- Molders and Sheeters
- Dividers and Rounders
- Depositors and Pan-Greasers
- Other Bakery Processing Equipment
Dairy Processing Equipment
- Pasteurizers
- Homogenizers
- Separators
Evaporators and Drying Equipment
- Membrane Filtration Equipment
- Other Dairy Processing Equipment
Chocolate and Confectionery Processing Equipment
- Depositors
- Formers
- Coating and Spraying Systems
- Mixers
- Coolers
- Other Chocolate and Confectionery Processing Equipment
Fruit and Vegetable Processing Equipment
- Juice Extractors
- Peelers, Cutters, and Pulpers
- Dryers
- Evaporators
- Other Fruit and Vegetable Processing Equipment
Snack Processing Equipment
- Extruders
- Mixers
- Dryers
- Fryers
Seasoning & Flavoring Equipment
Companies Mentioned
- Bühler AG
- Marel hf
- GEA Group Aktiengesellschaft
- Bucher Industries AG
- John Bean Technologies Corporation
- The Middleby Corporation
- Heat and Control Inc.
- SPX Flow Inc.
- Alfa Laval AB
- Krones AG
- Paul Mueller Company
- Tetra Pak International S.A.
- Bigtem Makine A.S.
- TNA Australia Pty Limited
- Hosokawa Micron B.V.
For more information about this report visit https://www.researchandmarkets.com/r/bzy8ow
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