Food Processing Equipment Market is segmented by Type (Meat, Poultry, and Seafood Processing Equipment, Bakery Equipment, Beverage Processing Equipment, Dairy Processing Equipment, and Fruit and Vegetable Processing Equipment) and Geography.
The Food Processing Equipment market is projected to grow at a CAGR of 7.2% reaching a market size value of USD 106 billion by 2028.
Food Processing Equipment pertains to the processing machines, systems used in handling the processing, the components involved, the preparation, cooking, storing, and packaging of food products. The key factors driving the growth of this market are, the rising consumer demand for processed food, demand for food safety and laborers welfare, a need to increase food production, reduction of production costs, and government initiatives and support in the growing food processing sector.
COVID-19 Impact on the Food Processing Equipment Market
The challenge lies in the disruption in raw materials supply because it is negatively affecting manufacturers since travel, transport of raw materials, and non-essential trade have been put off in many countries. This in turn affected production, causing a fewer volume of product sales. Food processing equipment suppliers have also experienced backlash because imports and exports in almost all countries have been restricted, if not limited. Availability of labor became a problem too since shutdowns of facilities and operations halted the production of food flavors in the market.
Controlling the widespread of the virus is a great challenge to almost all of the countries because many sectors will have to compromise and deal with the negative impact on their sales. Many industries will have to adapt and adopt to the changes that will be imposed upon them by their governments. A massive setback on the growth of the food processing equipment market is the disruption of the supply chain since manufacturing and distribution by key players or companies are being limited, if not, controlled by governments by imposing lock downs and halting travels across borders.
Factory shutdowns are also one of the main reasons for restraint in the growth of the market because the stoppage of production and manufacturing caused turmoil in terms of return of investments made by key players. The effect of the virus outbreak has caused a slow down in the investments made in the food processing sector.
Key Findings in the Food Processing Equipment Market
In terms of type, the chocolate and confectionery processing equipment segment is projected to grow at the highest CAGR in 2021-2028. The growth is attributable to the high demand for manufacturing high-quality confectionery products, the need to maximize energy efficiency, the rapid growth of the confectionery industry, social trends, consumers health awareness, evolving public preference, and attitudes towards confectionery needs.
In terms of type, the meat, poultry, and seafood processing equipment market is further segmented into cutters and grinders, smokers, massagers, and tumblers, mixers, tenderizers, killing and de-feathering equipment, slicers, evisceration equipment, cookers, roasters, and grillers, deheading and gutting equipment, filleting equipment, and others. The cutters and grinders segment is projected to have the largest share in the market. On the other hand, during the forecast period, the tenderizing equipment segment is projected to grow at the highest CAGR.
The beverage processing equipment is segmented into brewery equipment, filtration equipment, carbonation equipment, blenders and mixers, and others. This segment is expected to have the largest share in the beverage processing equipment market. The main growth factors are, the number of craft breweries is increasing and consumption volume rises.
Asia-Pacific: Fastest-growing regional market
In terms of region segment, the Food Processing Equipment Market market is further classified into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America however is projected to have the largest share in the market in 2021. the large share is mainly attributed to the high demand for processed food products in countries like India, China, Indonesia, and Thailand.
Based on an extensive assessment, these major key players in the stevia market have a competitive landscape and utilizing key strategic developments to lead the industry over the past years until now. These companies are, Bühler AG (Switzerland), Marel HF (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Heat and Control Inc. (U.S.), SPX Flow Inc. (U.S.), Alfa Laval AB (Sweden), Nichimo Co., Ltd. (Japan), Krones Group (Germany), Paul Mueller Company (U.S.), Key Technology Inc. (U.S.), Tetra Pak International S.A. (Switzerland), Baader Group (Germany), Meyer Industries Limited (Thailand), Dover Corporation (U.S.), Bigtem Makine A.S. (Turkey), and TNA Australia Pty Limited (Australia).
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
• Meat, Poultry, and Seafood Processing Equipment
• Cutters and Grinders
• Smokers, Massagers, and Tumblers
• Killing and Defeathering Equipment
• Evisceration Equipment
• Cookers, Roasters, and Grillers
• Deheading and Gutting Equipment
• Filleting Equipment
• Other Meat, Poultry, and Seafood Processing Equipment
• Bakery Processing Equipment
• Ovens and Proofers
• Dough Mixers
• Molders and Sheeters
• Dividers and Rounders
• Other Bakery Processing Equipment
• Beverage Processing Equipment
• Brewery Equipment
• Filtration Equipment
• Carbonation Equipment
• Blenders and Mixers
• Other Beverage Processing Equipment
• Dairy Processing Equipment
• Evaporators and Drying Equipment
• Membrane Filtration Equipment
• Other Dairy Processing Equipment
• Chocolate and Confectionery Processing Equipment
• Coating and Spraying Systems
• Other Chocolate and Confectionery Processing Equipment
• Fruits and Vegetables Processing Equipment
• Juice Extractors
• Peelers, Cutters, and Pulpers
• Other Fruits and Vegetables Processing Equipment
• Other Food Processing Equipment
Region Analysis (Revenue, USD Million, 2020 – 2028)
• United States
• United Kingdom
• South Korea
• Saudi Arabia
• Rest of World
• United States Food Processing Equipment Industry Research Report
• Europe Food Processing Equipment Industry Research Report
• Asia Pacific Food Processing Equipment Industry Research Report
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