Food processing is considered one of the fastest-growing industries. The food processing sector’s contribution to gross value added (GVA), employment, and investments is significant worldwide. This industry’s growth is supported by the availability of a large raw material base. A wide range of instruments and equipment are used in the food processing industry. The increasing use of international food processing technology, rising demand for quality food products, and growing need to fulfill consumer expectations require technologically advanced equipment, making the use of food processing equipment essential. Generally, equipment used in food processing applications serves one of these purposes, namely, measurement, processing, storage, and packaging.
Meticulous Research, ® in its latest publication on the food processing equipment market, states that in terms of value, the food processing equipment market is expected to grow at a CAGR of 7.2% from 2020 to reach $98.4 billion by 2027, while in terms of volume, the market is expected to grow at a CAGR of 7.6% from 2020 to reach 56,233.9 thousand units by 2027.
The increasing consumer demand for processed food, growing focus on food safety & safety of workers, growing need to increase productivity, increasing focus of food manufacturers to reduce production costs, and government support to promote the food processing sector are some of the major drivers for the growth of this market. In addition, emerging economies, such as Latin America, Southeast Asia, and Africa, provide significant growth opportunities for food processing equipment manufacturers.
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To provide efficient analysis, Meticulous Research® has segmented this market on the basis of type (meat, poultry, and seafood processing equipment {cutters and grinders, smokers, massagers, and tumblers, mixers, tenderizers, killing and defeathering equipment, slicers, evisceration equipment, cookers, roasters, and grillers, deheading and gutting equipment, filleting equipment, and others}, bakery processing equipment {ovens and proofers, dough mixers, moulders and sheeters, dividers and rounders, depositors, and others}, beverage processing equipment {brewery equipment, filtration equipment, carbonation equipment, blenders and mixers, and others}, dairy processing equipment {pasteurizers, homogenizers, separators, evaporators and drying equipment, membrane filtration equipment, and others}, chocolate and confectionery processing equipment {depositors, formers, coating and spraying systems, mixers, coolers, and others}, fruits and vegetables processing equipment {juice extractors, peelers, cutters, and pulpers, dryers, evaporators, and others}, and other food processing equipment), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa).
Scope of the Report
Food Processing Equipment Market, by Type
- Meat, Poultry, and Seafood Processing Equipment
- Cutters and Grinders
- Smokers, Massagers, and Tumblers
- Mixers
- 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
- Bakery Processing Equipment
- Ovens and Proofers
- Dough Mixers
- Molders and Sheeters
- Dividers and Rounders
- Depositors
- Other Bakery Processing Equipment
- Beverage Processing Equipment
- Brewery Equipment
- Filtration Equipment
- Carbonation Equipment
- Blenders and Mixers
- Other Beverage 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
- Former
- Coating and Spraying Systems
- Mixers
- Coolers
- Other Chocolate and Confectionery Processing Equipment
- Fruits and Vegetables Processing Equipment
- Juice Extractors
- Peelers, Cutters, and Pulpers
- Dryers
- Evaporators
- Other Fruits and Vegetables Processing Equipment
- Other Food Processing Equipment
Food Processing Equipment Market, by Geography
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- The Netherlands
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific (RoAPAC)
- Rest of the World
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
- Middle East & Africa
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Based on type, the food processing equipment market is mainly segmented into meat, poultry, & seafood processing equipment; bakery processing equipment; beverage processing equipment; dairy processing equipment; chocolate & confectionery processing equipment; fruits & vegetable processing equipment; and other food processing equipment. The meat, poultry, and seafood processing equipment segment is estimated to command the largest share of the food processing equipment market in 2020. The large share of this segment is mainly attributed to the increasing demand for processed meat products coupled with growing population, urbanization, and disposable income; and consumer preference for protein-rich food products and convenience food products. In addition, the growing middle-class population in developing countries, expanding meat processing industry, stringent food safety regulations, and increasing global trade network are expected to boost the growth of the meat processing equipment market significantly.
However, the chocolate and confectionery processing equipment segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the rising need to manufacture high-quality confectionery products, the rising need to maximize energy efficiency, and growing confectionery industry due to economic factors, sociological trends, increasing health consciousness, and a fast-evolving indulgence seeking attitude of the consumers.
Based on type, the meat, poultry, and seafood processing equipment market is mainly segmented into cutters & grinders; smokers, massagers, & tumblers; mixers; tenderizers; killing & defeathering equipment; slicers; evisceration equipment; cookers, roasters, & grillers; deheading & gutting equipment; filleting equipment; and others. In 2020, the cutters and grinders segment is estimated to command the largest share of the meat, poultry, and seafood processing equipment market. The large share of this segment is mainly attributed to the wide usage of cutters and grinders in meat, poultry, and seafood processing plants. However, the tenderizing equipment segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing demand for value-added meat products with growing convenience to consumers through decreasing preparation time.
Based on type, the beverage processing equipment market is mainly segmented into brewery equipment, filtration equipment, carbonation equipment, blenders and mixers, and others. The brewery equipment segment is estimated to command the largest share of the beverage processing equipment market in 2020. However, the carbonation equipment segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the emergence of new technologies to increase productivity and the upgradation of equipment and machinery.
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Geographic Review :
Geographically, the Asia-Pacific food processing equipment market is estimated to command the largest share of the overall food processing equipment market in 2020. The large share of this region is mainly attributed to the increasing demand for processed food products in India, China, Indonesia, and Thailand; increasing investments from food processors; and growing F&B industry, primarily due to the increasing urbanization, a huge base of population, growing health awareness, and rising disposable income. Moreover, this region is also expected to grow at the highest CAGR during the forecast period. China is expected to dominate the Asia-Pacific market through 2027.
Key Players:
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence for some of the key players operating in this market, including 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).
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