Global Food Processing Equipment Market Size, Share & Trends Analysis Report by Mode of Operation (Automatic, Semi-automatic), by Type (Processing, Pre-processing), by Application (Bakery & Confectionaries, Meat, Poultry & Seafood, Beverage, Dairy, Fruit, Nut & Vegetable, Grains, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2024-2032.

Market Overview:

Global Food Processing Equipment Market size was valued at USD 53.40 Billion in 2023 and is poised to grow from USD 55.85Billion in 2024 to USD 79.91 Billion by 2032, growing at a CAGR of 4.6 % in the forecast period (2024-2032).

The market is expected to expand at a quicker pace over the period under consideration due to increased demand for poultry and meat and increased consumption of processed food due to increasing population and rising per capita disposable income. Since these systems possess intrinsic advantages such as quality control, ruggedness, hygiene, and preservation, they are employed in large numbers across industries such as cereals, meat, fish, poultry, dairy, and confectionery and bakery. The use of the product by end-use industries is increasing, especially in the Asia Pacific, as innovation there is being fuelled by rising local incomes and production.

Market Drivers

Growing Food Processing Industry

• The increasing food processing sector is one of the most important drivers for the food processing machinery market. Due to the dependence of the food machinery and food processing sectors on each other, increasing demand for processed and packaged food is compelling businesses to invest in sophisticated machinery and equipment. As the need for higher operational efficiency and higher production increases, food companies are looking to effective and mechanized equipment in order to serve the consumers’ needs. Further, increasing urbanization, the inclination of consumers towards convenience foods, and the world’s increasing population are driving the food processing industry. As firms try to come up with ways of how to make the processing process more efficient and improve productivity, there will be increased demand for new food processing machinery. The machinery is needed for food safety, quality, and the entire process workflow optimization, and thus the market for food processing equipment as an essential part of the development of the industry.

Focus on Food Safety and Quality

• Food safety and quality concerns are a key driving force behind the expansion of the food processing equipment market. High food safety standards, in conjunction with consumer concern for quality levels, are making food processors spend heavily on high-tech equipment that not only satisfies but surpasses hygiene, safety, and compliance standards. Food safety is critical, and risk of contamination or non-conformance with legislation may result in disastrous legal and image repercussions for organizations. This has created a push for cutting-edge equipment that has improved sanitation functionalities, traceability, and automation to ensure a reduction of human interaction and possible contamination hazards. Besides, technology has allowed food manufacturers to control and track quality along the processing levels to ensure that their products are of the highest level of safety and consistency. All these factors are prompting the food processing industry to invest in equipment that not only maximizes efficiency but also maintains high levels of safety and quality standards, thus driving the growth of the food processing equipment market.

Market Opportunities

Technological Advancements in Automation and Robotics

• There is immense market growth potential from the use of robots and automation in food processing machinery. The utilization of automatic machinery is becoming more common with food processors due to advances in technology in an attempt to improve productivity, minimize the cost of labour, and increase accuracy in production activities. Apart from streamlining operations, robotics and automation also provide consistency of food quality, minimize human mistake, and boost food safety through the minimization of contamination. The trend was likely to be even more amplified as businesses strive to boost output and meet emerging customer demands for processed, safe, and quality food products.

Rising Demand for Plant-based and Organic Foods

• A significant opportunity for the food processing machinery business is growing customer demand for plant-based foods and organic food. Demand for plant-based foods and organic food has increased with customers becoming ecologically conscious and health conscious. With this transformation, food makers are being compelled to change the equipment used to process food in order to accommodate various components as well as for satisfying the requirements of organic food processing. Organizations are able to capitalize on the increasing market demand for organic and plant-based foods through investments in diversified and environment-friendly food processing equipment to help cope with such demands.

Market Restraining Factors

High Initial Investment Costs

• One of the major constraints in the food processing equipment industry is the large initial outlay for the purchase and installation of sophisticated machinery. Small and medium-sized businesses (SMEs), especially, might not be able to meet these initial expenses, including the machinery itself as well as installation, maintenance, and training of employees. This cost constraint may hinder the transition to newer technologies and confine market development, particularly to small players that lack the scale of bigger companies with established structures.

List of Companies Profiled:

• Tetra Pak

• Hoshizaki Corp

• Gea Group

• Alfa Laval

• Krones AG

• Middleby

• Buhler AG

• Marel

• Atlas Pacific Engineering Company Inc.

• Welbilt Inc.

• Dover

• Rational AG

• BAADER Group

• The Middleby Corporation

• JBT Corporation

• SPX Flow Inc.

• LEHUI

Key Industry Developments

• An acquisition agreement was finalized in April 2023 whereby Krones would acquire 90% of Ampco Pumps Company LLC. A key step in the establishment of Krones Processing’s components business, this strategic transaction completes their portfolio, previously already having Ampco Pumps and Evoguard Valve Technology included, thus all necessary components for the processing technology market.

• Marel in April 2023 made an announcement stating that it has acquired E+V Technology’s operating assets, a leading manufacturer of food processing equipment. The move reinforces Marel’s position in the marketplace, especially in the meat and poultry industry, by bringing its current line of products state-of-the-art vision technology, expanding its scope of products in the food processing equipment industry.