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The global food processing equipment market size is projected to reach USD 62.98 billion by the end of 2027. Technological integration has played a huge role in the development of efficient processing equipment in recent years. According to a report published by Fortune Business Insights, titled “Food Processing Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment Type (Pre-processing Equipment, and Processing Equipment), By Automation Type (Automatic, and Semi-automatic), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others) and Regional Forecast, 2020-2027”, the market was worth USD 45.01 billion in 2019 and will exhibit a CAGR of 4.4% during the forecast period, 2020-2027.
Food processing equipment are used to process raw food products as well as consumables. The use of advanced concepts has simplified the food processing methods; a primary factor why these products are used on a wider scale across the world. This equipment’s are used for processing several types of food products including confectionery, bakery, and dairy. The rising investments in the deployment of advanced concepts will have a massive impact on the growth of the overall market in the coming years. The presence of several large scale companies, driven by the rise of the food and beverage industry across the world will bode well for the growth of the market in the foreseeable future. Food processing equipment simplifies the packaging as well as storage of the products and has witnessed a massive demand across several years.
Buhler Announces New Food Application Center (FAC); Plans to Extend Consumer Coverage
The report highlights a few of the major industry developments of recent times and discusses their impact on the growth of the overall market. Accounting to the rising demand for food processing equipment across the world, several companies are looking to capitalize on this situation by implementing newer concepts, as well as expanding their customer coverage area. Many companies are also planning to enhance production capabilities by initiating newer plants as well as integrating equipment that will help maximize manufacturing. In Jun 2020, Buhler announced that it has started a new food application center (FAC). The company announced that it will be initiating the FAC with the purpose of virtual networking within the food and beverage industry across the world. Buhler’s latest step will come as a welcoming initiative, especially during such unprecedented times.
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Growing Awareness Regarding Food Hygiene and Safety will Aid Growth
The rising demand for food safety and hygiene across the world has led to a massive demand for efficient food processing equipment. Subsequently, massive investments are being made in the research and development of efficient products. Several efforts are being taken to develop low-cost products to cater to the demand from SMEs. The increasing investments in maximizing food safety and hygiene will bode well for the growth of the overall market in the coming years.
Buhler AG is Making Headlines across the Globe with Exceptional Innovations
Among all major companies operating in the market, Buhler AG has stolen the limelight in recent years. With an exceptional range of products in the food processing sector, the company is likely to dominate the market in the coming years. The company boasts an attractive portfolio of innovative products. Along with this, the wide consumer coverage will help the company grow considerably in the coming years.
List of companies profiled in the report:
The global market is segmented on the basis of:
Value (USD Billion)
By Equipment Type
By Automation Type