The global food processing equipment market is expected to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising applications of food processing across various end-use industries like beverages, dairy, poultry etc. Besides, increasing concerns among consumers regarding food safety and growing demand for convenience food items are expected to drive the market growth. Advancements in food processing industry and innovation in processing technologies are also aiding the market growth. Moreover, growing preference for healthy and functional foods and growing presence of frozen bakery products are increasing the adoption of global food processing equipment market during the forecast period. As demand for automation and robotics in food processing continues to soar, food processors will become increasingly aware of the power of data-driven insights, which would help speed up the process and ultimately boost food processing equipment market in the coming years. Internet of Things (IoT), artificial intelligence (AI), Industry 4.0 and other such technologies are anticipated to further aid the market growth. Enhanced focus of governments and various institutions towards encouraging the use of food processing equipment and high investments by market players to come up with new and improved food products with increased R&D initiatives are expected to fuel the growth of global food processing equipment market.
The global food processing equipment market is segmented into type, mode of operation, end-product form, application, company, and geography. Based on type of equipment, the thermal equipment accounts for the largest market share and is expected to maintain its dominance during the forecast period due to its widespread use across various end-use industries. Based on the application, the bakery & confectionary segment is projected to lead the market owing to the rising demand for ready-to-eat food items. Based on the mode of operation, Semi-Automatic segment is expected to lead the market due to widespread adoptions by manufacturers in developing countries. Asia-Pacific region is projected to grow at the highest CAGR in the forecast period due to the growth of food & beverage industries in emerging economies like India and China.
Some of the leading players in the global food processing equipment market are Bucher Industries, Alfa Laval, GEA Group, Fenco Food Machinery, Krones AG,
Objective of the Study
- To analyse and forecast the market size of global food processing equipment market, in terms of value.
- To classify and forecast global food processing equipment market based on type, mode of operation, end-product form, application, and regional distribution.
- To identify drivers and challenges for global food processing equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global food processing equipment market.
- To conduct the pricing analysis for global food processing equipment market.
- To identify and analyse the profile of leading manufacturers in the global food processing equipment market.
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Market insights research
Market insights research calculated the market size of Global
Key Target Audience
- Food processing equipment manufacturers
- Dealers and suppliers
- Regulatory organizations
- Food processing industries
- Research organizations and consulting companies
- Trade associations
- Food safety associations
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as equipment manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
