"Catapult Your Business to Fore, Gain Competitive Advantage "
The global food processing equipment market size was valued at USD 45.01 billion in 2019 and is projected to reach USD 62.98 billion in 2027, exhibiting a CAGR of 4.4% during the forecast period.
A food processing machine is used for processing raw food materials into consumable food products. This equipment is used for various applications in the food and beverage industry. Bakery, meat and poultry, dairy, and several other sectors opt for bespoke food processing machines for better conditioning of food products. Food processing machine offers convenient, attractive, safe, and hygienic consumable food products, maximizing the sales of the machine.
COVID-19 to Minimize the Ongoing Equipment Manufacturing Process
The rapid spread of the COVID-19 has led to severe market ambiguity in the equipment manufacturing sector worldwide. Despite the shutdown of major businesses, preventive measures such as distancing of the civilians and workers are taken by the governments to mitigate the spread of COVID-19, thus minimizing the threat of getting affected. Manufacturing of food processing equipment has declined owing to an impulsive step of lockdown all over the globe. This led to the halt of machine production and the food processing methodologies.
However, after the sudden spread of COVID-19 pandemic, the disrupted international trade has severely affected food processing technology and equipment market, especially in Germany, UK, France, China, India, etc. These countries constitute of the major market share and the presence of leading market players, thus hampering the production of the food processing machine. Foreign Direct Investments (FDI) initiated in the Middle East and Africa, and Latin American countries are highly affected, as the GDP of these countries have dropped down than usual (the GDP of Saudi Arabia is -2.3 and of Brazil is -5.3).
Request a Free sample to learn more about this report.
Adoption of Advanced Technology in Processing Equipment
Besides raising awareness about food safety, demand for processed food products have led to the adoption of advanced technology-based processing equipment, which is expected to ultimately boost the global food processing market in the near future. For instance, BAADER rebranded its food processing machines into modern digital solutions providing automated food value chain. Concepts such as the Internet of Things (IoT), Artificial Intelligence, and Industry 4.0 aid companies to reach the highest level of food safety, improve traceability, henceforth reducing risks associated with food processing techniques.
Increasing Demand for Safe and Hygienic Processed Convenience Food Products to Drive Growth
Emerging health concerns and dietary plans of customers in developing as well as developed regions is expected to surge the market growth in the coming years. Governments and various food associations are encouraging the food processing machine manufacturers to invest in R&D, thus increasing the food processing technology and equipment market revenue. For instance, a U.K. based food standards agency offers several training sessions to the food processing equipment manufacturers to maintain food hygiene, hence enhancing the dietary benefits of the food product. Food standards target the value chain participants, to make them follow stringent government regulations for maintaining the safety of ready to eat meals. In 2017, Europe accounted for the highest consumption rate of convenience meals, with a total spending of USD 31 billion. Hence, demand for safe and hygienic processed food products is expected to increase in developing countries.
Lack of Skilled/trained Labors Hinders the Market
Skilled and hygienic labor is an essential requirement in the food processing industry. Lack of qualified workers is becoming the most critical thing to keep the production lines operating with higher efficiency. As per the secondary study, food processing machine producers are citing the lack of skilled technicians and operators across the U.S., hampering the market growth.
Food Processing Equipment Segment is Projected to Grow at a Higher CAGR in the Near Future
Processing equipment is projected to grow exponentially in the near future, due to their demand across the food and beverage industry. These food processing machines maintain hygiene, safety, and quality, providing accuracy in controlling the pressure and temperature of food products.
Food pre-processing equipment is estimated to have considerable market revenue owing to the increasing demand for ready to use food products. The equipment is used in the food industry, specifically for fruit and vegetable, meat and poultry processing. Increasing demand for perishable food products providing health benefits is leading to the adoption of new market trends.
Automatic Food Processing Equipment is Expected to Dwell in the Dominant Market Position
Automatic food processing equipment segment is projected to grow exponentially in the near future, owing to their increasing demand across the food and beverage industry. Deployment of automated processing equipment in the food and beverage industry over a decade has reduced the enslavement on manual workforce. Robotic machines are availing new market opportunities for automatic food processing machines globally. Semi-automatic food processing equipment is expected to witness steady growth, as they are operated by the labor force with a lack of knowledge, and partial integration of technology.
To know how our report can help streamline your business, Speak to Analyst
Bakery and Confectionery Products to Dominate the Food Processing Equipment Market Share During the Forecast Period
According to the multiple secondary sources, the total market size of the bakery and confectionery sector is estimated to reach USD 530 billion at a CAGR of 4.5% by 2021. Increasing consumption of baked products is observed in several countries across Europe, owing to the customer preferences and change in their custom dietary patterns. Commercial bakeries opt for cost-effective bakery processing machines to produce a variety of bread in bulk.
Meat and poultry food products are projected to illustrate remarkable growth owing to the increasing need for clean and hygienic meat products from commercial restaurants, hotels and foodservice sectors. The dairy sector is witnessing significant growth across all the regions due to the daily consumption of several dairy products by the customers. The beverage sector processes water, carbonated drinks, alcoholic drinks, and fruit juices by using several ingredients, henceforth increasing the adoption of processing machines in the beverage sector.
The other segment consists of grains, nuts, fruits, and vegetables and it is likely to experience steady growth, owing to moderate demand and limited requirement of their processing.
Asia Pacific Food Processing Equipment Market Size, 2019 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
Asia Pacific holds the highest market share and is expected to witness exponential growth over the forecast period due to the emerging food processing industry in India and China. As per the statistics shared by the National Investment Promotion & Facilitation Agency of India (NIPFA), India’s food processing industry is expected to reach around USD 543 billion by the end of 2020, providing several growth opportunities. Moreover, the growing demand for frozen food in China and Australia is driving the market growth in Asia Pacific.
The rising demand for ready-to-eat and convenience food in the U.K., Germany, and France will increase the demand in Europe over the forecasted period. The increasing numbers of food processing facilities in the region are further expected to provide opportunities to the key players operating in this market. Food manufacturing companies are making large investments for expanding their production capabilities to cater the fastest growing consumer demands. For instance, in November 2019, Kellogg’s announced the investment of approximately USD 121.5 million to expand its Pringles plant in Poland. The plant is expected to start the operation in 2021.
The number of food & beverage processing plants is increasing rapidly in North American countries. According to the Census Bureau’s County Business Patterns, in 2016, California had about 5,640 food & beverage manufacturing plants, providing impetus to the regional market expansion. Additionally, the changing consumer preference towards healthy food in the U.S. is adding up to the food processing technology and equipment market size. These machines are used in food processing facilities to process food in large quantities, in less time.
The consumers in urban areas of Brazil and Mexico are more inclined towards packaged food due to their improved lifestyle and rising income levels. In 2018, the Brazilian food industry reached around USD 179 billion, comprising of approximately 35,800 food processing companies. Moreover, in 2018, the UAE government has announced the new Foreign Direct Investment (FDI) law, allowing 100 percent foreign ownership in the food industry. Several global food processing companies are making large investments in the UAE food industry as a result of new FDI law, providing ample growth opportunities in this market.
Buhler AG Revolutionized the Processing Machinery to Expand their Product Portfolio
Buhler AG, Marel, Tetra Pak, and JBT Corporation are the prominent market players increased focusing on expanding their business portfolio, by setting up new manufacturing units worldwide. In August 2019, Buhler AG revolutionized a new approach to the processing and machinery milling plant. With Mill E3, Buhler AG has set new standards for the cost-effective milling industry. Therefore, the major market players are indulging in expanding their manufacturing plants with low maintenance costs.
An Infographic Representation of Food Processing Equipment Market
To get information on various segments, share your queries with us
The report provides a detailed analysis of this market of food processing equipment and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of this market over recent years.
Value (USD Billion)
By Equipment Type
By Automation Type
Fortune Business Insights says that the market was valued at USD 45.01 billion in 2019
In 2027, the market is expected to be worth USD 62.98 billion
Robust growth of 4.4% CAGR will be observed over the forecast period (2020-2027)
Asia Pacific is anticipated to be the dominant region and it was valued at USD 13.50 billion in 2019
Within the equipment type criterion, the processing equipment segment is expected to be the leading segment during the forecast period
Increasing demand for safe and hygienic processed convenience food products to drive market growth
Buhler AG, Marel, Tetra Pak, and JBT Corporation are the key market players
The bakery and confectionery food products segment is expected to hold the highest share in the market
Automatic food processing equipment is expected to grow significantly over the forecast period
Adoption of advance technology based processing equipment is the latest market trend
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- Global hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry