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Food Processing and Handling Equipment Market to Rise at a CAGR of 4.8% till 2026; Increasing Investment in R&D Activities to Accelerate Growth

December 03, 2019 | Machinery & Equipment

The global food processing and handling equipment market size is projected to reach USD 131.70 billion by 2026. It is likely to gain momentum from the rising investment in research and development activities to innovate food processing technologies. This information is published in a report by Fortune Business Insights, titled, “Food Processing and Handling Equipment Market Size, Share & Industry Analysis, By Equipment Type (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2019-2026.” It further mentions that the market value stood at USD 91.34 billion in 2018. However, it will exhibit a CAGR of 4.8% during the forecast period between 2019 to 2026.


Increasing Consumption of Ready-to-eat Food Products to Propel Growth


The population in many developing countries across the world is increasing day by day. Especially India and China are experiencing a rising demand and consumption of ready-to-eat food products as they are striving to keep up with the growing urban lifestyle. Moreover, dual-income households would opt for an urban lifestyle, which in turn, will lead to high demand for convenience meals. At present, the packaging industry is experiencing innovations owing to the implementation of new methods to produce convenience food at a fast pace. All these factors are likely to boost the food processing and handling machine market growth during the forecast period.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/food-processing-and-handling-equipment-market-101701


Key Segments of Food Processing and Handling Equipment Market



  • Equipment type: The market is categorized into service, packaging, and processing equipment. Out of these, the processing equipment segment had acquired 46.8% market share in 2018 and it would grow at a fast pace in the coming years backed by rising demand from the food and beverage industry around the world. The processing equipment would generate a sufficient amount of processed food to satiate the growing consumer demand. The service equipment segment would grow significantly on account of the rising demand for ovens and refrigerators. Lastly, the packaging equipment segment would generate high revenue owing to rising health awareness programs and demand for perishable food products.   

  • Application: The market is grouped into beverages, meat and poultry products, bakery and confectionary products, dairy products, and others (vegetables, grains, nuts, and fruits). The bakery and confectionery segment would grow exponentially as the masses around the globe are preferring bread and other similar products more. It is a food processing and handling equipment market trend. The rest of the segments would also showcase notable growth owing to the usage of the equipment for performing several operational tasks.

  • Region: Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst these, the market size in Europe was USD 47.80 billion in 2018. It is projected to retain its leading position in the coming years. The growth is attributable to the rising investment of prominent companies to expand their production capacities. Asia Pacific would grow steadily owing to the rising disposable income of the populace as well as the rapid inclination of people towards instantly processed food items. North America would also experience growth of the food processing and handling machine industry growth owing to increasing demand for frozen food products.


Key Market Players Focus on Mergers & Acquisitions to Increase Product Portfolio


The industry giants present in the market are merging and acquiring other key companies to gain maximum food processing and handling machine market share and expand the product portfolio. Fortune Business Insights lists out some of the most renowned organizations that are present in the food processing and handling equipment market. They are as follows:



  • Welbilt

  • Buhler Ag

  • Dover Corporation

  • JBT

  • ALFA LAVAL

  • I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A.

  • GEA Group Aktiengesellschaft

  • Tetra Pak International S.A.

  • Krones AG

  • The Middleby Corporation

  • Other key market players


Buhler & Premier Tech Cooperates Strategically to Produce Innovative Packaging Solutions


August 2019: Buhler Group, a technology company for plant and equipment related services, based in Switzerland, announced that it has formed strategic cooperation for industrial flexible packaging solutions with Premier Tech, a creator of sustainable solutions, based in Canada. As per the agreement, both companies would build a manufacturing and designing center in China. Buhler will create a blend of Premier Tech’s expertise and portfolio to develop novel packaging solutions by using automation technologies.


The global food processing and handling equipment market can be segmented into:








































 ATTRIBUTE



 DETAILS



Study Period



  2015-2026



Base Year



  2018



Forecast Period



  2019-2026



Historical Period



  2015-2017



Unit



  Value (USD billion)



Segmentation



By Equipment Type



  • Processing Equipment

  • Packaging Equipment

  • Service Equipment



By Application



  • Bakery and Confectionery Products

  • Meat and Poultry Products

  • Dairy Products

  • Beverages

  • Others (Grains, Fruits, Nuts and Vegetables, etc.)



By Region



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico, and Rest of Latin America)


Food Processing and Handling Equipment Market
  • PDF
  • 2018
  • 2015-2017
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

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