The food processing and handling equipment market is projected to surge from USD 130.6 billion in 2021 to USD 175.1 billion in 2026, with a CAGR of 6.0% during the forecast period. The food processing and handling equipment market is experiencing tremendous growth due to a combination of factors, including a surging demand for processed and packaged food, a growing need for efficient and hygienic processing methods, and the adoption of cutting-edge technology and automation in the food and beverage industry. This report delves into the key drivers of this growth, as well as the trends, challenges, and growth opportunities present in the market.
The food processing and handling
equipment market is witnessing substantial growth as the food industry expands,
driven by increasing demand for processed foods such as meat products, baked
goods, convenience food, and more. The development of new technologies, like
non-thermal processing, is streamlining the production process and reducing
waste, time, and costs. Innovations in processing technology, the demand for
healthy and functional foods, and the growth of food manufacturing capacities
in emerging economies are all contributing factors to the market's growth. The
food and beverage industry is being transformed by advancements in food
processing, creating opportunities for manufacturers to meet the growing demand
for healthy and functional products using cutting-edge equipment.
Food
Processing and Handling Equipment Market Drivers: Rising demand for meat,
poultry, bakery, dairy, and confectionery products
Meat, dairy, bakery, and
confectionery products are some of the major applications of food processing
and handling equipment. The growing consumption of protein-based food products,
frozen meat, frozen bakery products, and fruits & vegetables; and the
growing preference for healthy food products in developed countries drive the
demand for higher food production. This growth in demand for various food
products will, in turn, drive the demand for food processing and handling
equipment. There have been various product launches in snack and bakery product
categories, with health claims such as gluten-free and non-GMO in the European
market.
Similarly, snacks and bakery
products require cutting, coating, slicing, and thermal equipment for
manufacturing end products, adding taste and texture, and extending the shelf
life. The growth of the bakery & confectionery industry in Europe and other
developed countries is also expected to drive the demand for food processing
and handling equipment.
Bakery, meat, poultry, and
seafood are the major applications of food processing and handling equipment.
In the last decade, the changing and busy lifestyles of consumers due to rapid
urbanization have led to high demand for processed and convenience meat
products. Moreover, processed meat products require less time and effort to
cook and have enhanced nutrition and durability. Meat processing involves a
wide range of physical and chemical treatment methods, generally combining a
variety of methods. Various processing methods that include cutting, blending,
stuffing & filling, grinding, drying, slicing, smoking, grinding, and
massaging are performed with the help of different equipment.
Similarly, in the dairy industry,
the demand for various equipment for a range of applications is driving the
food processing & handling equipment market growth. According to the dairy
index from Tetra Pak Global consumption of products, such as milk, cheese, and
butter, is expected to rise by 36% in the next decade, reaching more than 710
million tons of liquid milk equivalent by 2024. The booming demand for dairy
products is majorly witnessed in emerging economies, such as India, China, and
Latin American countries. This demand is fueled by population growth, rapid
urbanization, increased disposable income, and the emergence &
modernization of cold chain facilities such as refrigerated transport &
storage.
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Food processing segment is
estimated to dominate the global food processing and handling equipment market
Advancements in the food
processing industry, innovation in processing technology, and continuous growth
in the demand for processed food are some factors expected to support the
growth of the food & beverage processing equipment market. With the growing
preference for healthy food and functional foods, manufacturers are expected to
adopt new equipment to fulfill the demand for healthy functional foods &
beverages. The expansion of food manufacturing capacities and growth of the
food processing industry in emerging economies will also support the growth of
the food processing & handling equipment market.
The solid segment is estimated
to account for the largest share in the food processing and handling equipment
market
The solid segment dominated the
global food processing & handling equipment market due to the rising
consumption of solid food products, such as bread, processed meat, and
processed vegetables, in regular diets. Changing consumer preferences and the adoption
of upgraded technologies to enhance the shelf life of products are also driving
the growth of the solid segment. Customizations and innovations in the bakery
and dessert industries, along with the rising demand for processed fruit and
vegetable products, provide huge opportunities for the manufacturers to grow in
the food processing & handling equipment market.
The Asia Pacific market
dominated the food processing and handling equipment market during the forecast
period.
The food industry in Asia Pacific
is gigantic. In the region, product innovations and technological advances have
put increasing pressures on the quality standards at all levels, with a growing
emphasis on food safety, integrity, quality, and nutritional and health
impacts. Growth in the demand for processed foods, the rapid rise in
supermarkets, and retail outlets are some of the positive factors shaping the
growth of the food and beverages industry in the region. With the rising urban
incomes and higher consumption proportions of animal products, there is a
demand for a more varied range of foodstuffs. Changing demand for processed
food and gradual liberalization of the international food trade has resulted in
the rise of multinational food retailers.
Top
Companies in the Food Processing & Handling Equipment Market:
The key players in this market
include GEA Group (Germany), ALFA LAVAL (Sweden), Bühler Holding AG
(Switzerland), JBT Corporation (US), SPX Flow (US), Robert Bosch (Germany), IMA
Group (Italy), Multivac (Germany), Krones Group (Germany), Tetra Laval International
S.A. (Switzerland), Middleby Corporation (US), Dover Corporation (US), Ali
Group S.r.l (Italy), Electrolux (Sweden), and Hoshizaki (Japan). Manufacturers
are adopting strategies such as new product launches, expansion &
investments, mergers & acquisitions, agreements, and partnerships to
strengthen their position in the market.
