Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 54.86 Billion | USD 82.07 Billion | 4.1% | 2024 |
The global food processing equipment market size was worth around USD 54.86 Billion in 2024 and is predicted to grow to around USD 82.07 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.1% between 2025 and 2034. The report analyzes the global food processing equipment market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the food processing equipment industry.
Food processing equipment is crucial in converting raw food material into consumable food and is an essential part of the food industry across the world. This equipment is used to refine and condition foods such as meat, poultry, dairy, etc. These machines produce hygienic consumable food products that are then consumed by the population.
The growing world population, rising demand for convenience foods, increasing industrial activity, adoption of advanced technologies, rising focus on automation, etc., are major trends propelling the food processing equipment market growth through 2028. Lack of skilled labor to operate the zzz is expected to have a hampering effect on the global market growth.
Rising Demand from Growing Population
The demand for food has substantially increased over the past few years owing to a rapid increase in population across the world. Increasing preference for ready-to-eat foods, increasing urbanization, growing demand for food products, increasing demand for hygienic food products, etc., are some major factors that propel the food processing equipment market growth through the forecast period. Increasing industrial activity in nations of India and China is expected to have a major influence on the food processing equipment market growth through 2028.
Lack of Skilled Workforce
The lack of a skilled workforce is a major factor that hinders global food processing equipment market growth through 2028. Food processing equipment required skilled and trained people to operate and run efficiently but there is a shortage of availability for such people in the market landscape and investing in the training of a workforce is not a valid option since it incurs additional costs and reduces profit margins.
The global food processing equipment market is segregated based on the mode of operation, end-product form, type, application, and region.
By mode of operation, the market is divided into automatic and semi-automatic. The automatic segment is anticipated to hold a dominant outlook over the forecast period owing to an increase in automation in industries across the world. Semi-automatic food processing equipment is expected to see a steady rise in demand as their adoption in small enterprises increases owing to the relatively low cost of deployment than automatic food processing equipment.
On the basis of End-product Form, the global food processing equipment market is bifurcated into Solid, Liquid, Semi-solid.
By Type, the global food processing equipment market is split into Pre-Processing, Sorting & Grading, Cutting, Peeling, Grinding, Slicing, And Washing, Mixing & Blending, Processing, Forming, Extruding, Coating, Drying, Cooling, And Freezing, Thermal, Homogenization, Filtration, Pressing.
By application, the food processing equipment market is segmented into bakery & confectionery products, meat & poultry, dairy products, non-alcoholic beverages, alcoholic beverages, fish & seafood, other applications (fruits, vegetables, ready-to-eat meals, sauces, and dressings). The bakery & confectionery products segment is predicted to hold a major market share in the global food processing equipment industry landscape. Meanwhile, the meat & poultry segment is expected to see remarkable growth in demand over the forecast period owing to rising demand for hygienic meat products across the world.
Report Attributes | Report Details |
---|---|
Report Name | Food Processing Equipment Market |
Market Size in 2024 | USD 54.86 Billion |
Market Forecast in 2034 | USD 82.07 Billion |
Growth Rate | CAGR of 4.1% |
Number of Pages | 195 |
Key Companies Covered | Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT (US), The Middleby Corporation (US), Heat and Control Inc (US), Alfa Laval (Sweden), TNA Australia Pty Ltd. (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L (Spain), Clextral (France), SPX FLOW (US), Bigtem Makine (Turkey), FENCO Food Machinery (Italy), Krones Group (Germany), Finis Food Processing Equipment B.V. (Netherlands), Bettcher Industries Inc (US), Anko Food Machine Co. Ltd. (Taiwan), Heat and Control Inc (US), BAADER (Germany), Dover Corporation (US), and others. |
Segments Covered | By Mode of Operation, By End-product Form, By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific region leads the global food processing equipment market in terms of revenue and volume share. The growth in this region can be attributed to factors such as increasing industrialization, rising demand for convenience food, presence of key food manufacturers, rising disposable income, the purchasing power of the general population, etc. Emerging economies such as India and China are expected to be the most important markets for food processing equipment companies in the Asia Pacific region owing to the rising consumption of food products in this region.
The market for food processing equipment in North America is expected to account for a prominent market share over the forecast period and major revenue is expected to be driven by demand from the United States. Increasing consumption of processed foods and ready-to-eat meals are anticipated to drive the food processing equipment market growth in this region.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the food processing equipment market on a global and regional basis.
The global food processing equipment market is dominated by players like:
By Mode of Operation
By End-product Form
By Type
By Application
By Region
FrequentlyAsked Questions
Asia-Pacific is expected to dominate the food processing equipment market over the forecast period.
Leading players in the global food processing equipment market include Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT (US), The Middleby Corporation (US), Heat and Control Inc (US), Alfa Laval (Sweden), TNA Australia Pty Ltd. (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L (Spain), Clextral (France), SPX FLOW (US), Bigtem Makine (Turkey), FENCO Food Machinery (Italy), Krones Group (Germany), Finis Food Processing Equipment B.V. (Netherlands), Bettcher Industries Inc (US), Anko Food Machine Co. Ltd. (Taiwan), Heat and Control Inc (US), BAADER (Germany), Dover Corporation (US), among others.
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