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Food Processing and Handling Equipment Market to Touch USD 140.17 Billion by 2029; Strong Demand for Hygienic Convenience Food Products to Boost Market Progress

July 27, 2022 | Machinery & Equipment

The global food processing and handling equipment market size is expected to exhibit strong growth by reaching USD 140.17 billion by 2029. Fortune Business Insights™ in its report titled “Food Processing and Handling Equipment Market Size, Share & COVID-19 Impact 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, 2022-2029” observes that the market size in 2021 stood at USD 101.23 billion and is expected to touch USD 105.13 billion in 2022. The market is expected to exhibit a CAGR of 4.2% during the forecast period. Moreover, rising investments in food processing and increasing demand for hygienic convenience products may enhance the market growth.


Lan Handling Technologies Announced Simulation Tools to Boost Brand Image


Lan Handling Technologies announced its simulation tool in January 2021 to assist manufacturers in expanding their production capacity. This strategy may allow Lan Handling Technologies to enhance its industrial growth and elevate its brand image.


Increasing Food Safety Concerns Impeded Market Growth


This market was negatively affected during the COVID-19 pandemic due to increased food safety concerns. The sudden spike in COVID-19 infections hampered the equipment’s demand. Furthermore, companies invest significantly in the sanitization of machinery, thereby increasing resource consumption. Furthermore, governments impose regulations to promote hygienic practices. According to HACCP’s recent studies, the COVID-19 virus remains on surfaces for approximately 72 hours, resulting in contamination. This factor enhanced sanitization expenses. These factors negatively affected the food processing and handling equipment industry’s progress.


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


Integration of High-end Automation Technologies and Robotics to Propel Market Growth


Food processing and handling equipment focus on food processing and management of equipment. The integration of high-end automation technologies and robotics will enhance the equipment's demand. Furthermore, the rising adoption of automation in industries may bolster the Internet of Things (IoT) and Artificial Intelligence (AI) adoption, thereby elevating food processing and equipment adoption. Moreover, adopting urbanization and fast-paced lifestyles may fuel hygienic convenience food products’ sales. These factors may drive the food processing and handling equipment market growth.


Major Companies Announce Innovative Products to Enhance Brand Image


The prominent companies operating in the market announce innovative products to bolster their brand image. For example, in September 2021, GEA Group AG launched Batch2Flow. This product is developed to increase the food production process’ security and lower power consumption. This launch may enable companies to offer consumers effective food processing solutions and increase their brand image globally. Further, major players in the industry devise automation, mergers, partnerships, and expansions to achieve organizational goals and bolster their market position globally.


Notable Industry Development



  • January 2022: Ska Fabricating completed the acquisition of GR-X Manufacturing to expand its product portfolio.


List of Key Players Profiled in the Report



  • Buhler Ag (Switzerland)

  • JBT (U.S.)

  • I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.p.A. (Italy)

  • Tetra Pak International S.A. (Tetra Laval) (Switzerland)

  • The Middleby Corporation (U.S.)

  • Welbilt (U.S.)

  • Krones AG (Germany)

  • GEA Group Aktiengesellschaft (Germany)

  • ALFA LAVAL (Sweden)

  • Dover Corporation (U.S.)


Further Report Findings



  • The market in Asia Pacific stood at USD 29.74 billion in 2021 and is expected to gain a huge portion of the global food processing and handling equipment market share. Rising disposable incomes are expected to surge the product demand.

  • Furthermore, rising demand for processed foods and evolving consumer preferences may elevate industry growth.

  • In Europe, substantial investments in expanding production facilities may surge the product demand.


Table of Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



2018-2029



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2029



Historical Period



2018-2020



Unit



Value (USD billion)



Segmentation



By Equipment Type, Application, Region



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, and Others)



By Region




  • North America (By Equipment Type, Application, and Country)

    • U.S. (By Equipment Type)

    • Canada (By Equipment Type)



  • Europe (By Equipment Type, Application, and Country)

    • U.K. (By Equipment Type)

    • Germany (By Equipment Type)

    • France (By Equipment Type)

    • Italy (By Equipment Type)

    • Rest of Europe



  • Asia Pacific (By Equipment Type, Application, and Country)

    • China (By Equipment Type)

    • Japan (By Equipment Type)

    • India (By Equipment Type)

    • Rest of Asia Pacific



  • Middle East & Africa (By Equipment Type, Application, and Country)

    • GCC (By Equipment Type)

    • South Africa (By Equipment Type)

    • Rest of Middle East & Africa



  • Latin America (By Equipment Type, Application, and Country)

    • Brazil (By Equipment Type)

    • Mexico (By Equipment Type)

    • Rest of Latin America




Food Processing and Handling Equipment Market
  • PDF
  • 2021
  • 2018-2020
  • 120

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