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The global food processing and handling equipment market size was valued at USD 117.81 billion in 2024 and is estimated to reach USD 123.75 billion in 2025. By exhibiting a CAGR of 6.3% over the forecast period, the market is set to hit USD 189.51 billion by 2032. Fortune Business Insights™ presents this information in its report titled “Food Processing and Handling Equipment Market Size, Share & Industry Analysis, By Equipment (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery & Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others), and Regional Forecast, 2025-2032”.
Food processing and handling equipment is gaining traction as a result of the amplified demand for processed bakery and dairy items, confectionery, and meat and seafood. To garner profits from this pool of demand, manufacturers are making investments in machine learning technology along with other automation models to eliminate the risks of contamination.
In developing countries, the market has observed a sharp rise in disposable incomes and lifestyle preferences. These global shifts in coordination with increased health awareness, preference for read-to-eat products, and urbanization are set to create a robust demand for food processing and handling equipment in the near future.
Diageo Completed its Acquisition of Vivanda for its AI-powered FlavorPrint Technology
Vivanda—popular for its FlavorPrint technology—was acquired by Diageo in June 2022. This acquisition favors the latter by providing in-depth information on consumer taste preferences. FlavorPrint is AI-powered, and its innovative dispense system has gathered a range of flavor combinations where, even if an individual visits everyday for two years, their experience will not be repeated. Further, this acquisition will be taken to new heights as Vivanda’s team joins Diageo to set a digital standard for taste.
Industry 4.0 Regulations and Robotics Optimize Workflow in Manufacturing Facilities
A key component for companies in the manufacturing process has been the optimization of operations by incorporating robotics and automation tools. A case in point, Aktiengesellschaft’s Nisomate—a live product monitoring sensor detecting quality errors. By virtue of Industry 4.0 compliance, cutting-edge technologies and automation will now be incorporated in manufacturing facilities for consistent performance and post-purchase smart services to outperform competitors.
However, with significant costs of production facility set-up and utility expenses, the food processing and handling equipment market growth may take a dent in the coming years.
Established Companies Prefer Acquisition Strategies to Optimize Operations
The market includes global manufacturers and domestic players, both contesting for M&As to expand their presence and optimize operations. Alfa Laval, JBT Corporation, and GEA are a few renowned names among several other notable equipment manufacturers. Acquiring small firms that can operate while keeping maintenance costs down is a key strategy adopted by market leaders. Although established companies hold ample food processing and handling equipment market share, they are pouring funds into R&D to reinforce their position during market volatility.
Key Industry Development
List of Key Players Profiled in the Report:
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Further Report Findings
Table of Segmentation
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2019-2032 |
|
Base Year |
2024 |
|
Estimated Year |
2025 |
|
Forecast Period |
2025-2032 |
|
Historical Period |
2019-2023 |
|
Growth Rate |
CAGR of 5.6% from 2025 to 2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
By Equipment · Processing Equipment o Pre-processing Equipment o Processing Equipment · Packaging Equipment o Filling o Bottling o Case Cartooning o Labelling o Palletizing · Service Equipment o Cooking & Preparation Equipment o Refrigeration Equipment o Ware washing Equipment o Storage & Handling Equipment o Others (Serving Equipment) |
|
By Application · Bakery & Confectionery Products · Meat & Poultry Products · Dairy Products · Beverages · Others (Grain, Fruit, and Nut & Vegetable) |
|
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By Region · North America (By Equipment, Application, and Country) o U.S. (By Application) o Canada (By Application) · Europe (By Equipment, Application, and Country) o Germany (By Application) o U.K. (By Application) o France (By Application) o Italy (By Application) o Rest of Europe · Asia Pacific (By Equipment, Application, and Country) o China (By Application) o India (By Application) o Japan (By Application) o Rest of Asia Pacific · Middle East & Africa (By Equipment, Application, and Country) o GCC Countries (By Application) o South Africa (By Application) o Rest of the Middle East & Africa · Latin America (By Equipment, Application, and Country) o Brazil (By Application) o Mexico (By Application) o Rest of Latin America |