|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 1.0 Billion||USD 1.8 Billion||7.5%||2022|
Food Processing Blades Market
The global food processing blades market size was worth around USD 1.0 Billion in 2022 and is predicted to grow to around USD 1.8 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2023 and 2030. The report analyzes the global food processing blades 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 blades industry.
A food processor is an appliance used in the kitchen that enables the user to quickly and easily perform monotonous food-making activities like slicing, grinding, chopping, and others. Food processor blades are the equipment’s essential parts that help to process raw material ingredients into food items through chemical and physical procedures. Food processors are available in different categories like slicers, roasters, separators, homogenizers, grinders, fryers, ovens, feeders, chillers, mixers, dryers, and others.
The food processing blades are utilized in various industries including nut, milk, fruit, & chocolate manufacturing unit, the beverage industry, industrial bakeries, the seafood industry, the dairy industry, and poultry farms. Food processor poses various automation control operation systems like drying, freezing, pasteurization, evaporation, cooking, and heating. These blades demand gentle handling and efficient control of pressure and temperature.
Growing consumer demand for processed food drives the market growth
Global consumption of processed foods has rapidly grown in recent decades. The expanding global populace is a significant contributor to this rise. The global population was 7.3 billion people in 2015, and the Department of Economic and Social Affairs of the United Nations projects that the number will rise to 9.7 billion people in 2050. As a result, consumers in urban settings have access to a much broader variety of food options than those in rural settings. This urbanization trend makes a significant contribution to rising living standards and incomes, which in turn have a larger impact on the affordability of processed food products. Thus, this is expected to drive the global food processing blade market growth during the forecast period.
Volatility in the price of raw materials impedes the market growth
Volatility in the price of raw materials is expected to hinder the food processing blade industry expansion during the forecast period as these blades are manufactured in stainless steel. For instance, according to SteelMint, the wholesale price of 2.5-8 mm HRC was Rs 55,250 per tonne as of January 1, 2021; the price increase that went into effect on January 5 raised the wholesale price to Rs 58,000 per tonne.
Technological advancements are expected to provide a lucrative opportunity
In a variety of industries, there has been an increasing preference for automated food processors, which has led to the gradual phasing out of older models in support of more recent ones. As a consequence, the food processing blade industry has a promising future and the adoption of food processing blades has been facilitated globally. Additionally, ongoing technological development has led to the creation of blades that offer greater accuracy when cutting, slicing, and grinding raw materials, which are becoming more and more well-liked by end users.
The wear and tear properties of the food processing blades pose a major challenge
The wear and tear properties of the food processing blades, which leads to frequent replacements are expected to hinder the food processing blade market growth during the forecast period.
The global food processing blades industry is segmented based on product, application, and region.
Based on the product, the global market is bifurcated into straight, curved, and circular. The circular blade segment is expected to dominate the market over the forecast period. The improvement of the workflow's efficiency and the optimization of the production process is responsible for the segment's development. For the processing industry, circular blades come in a range of designs, including those with beveled edges, smooth edges, notches, teeth, semi-circles, festoons, and involutes. Thus, driving the segment growth during the forecast period.
Based on the application, the market is segmented into grinding, slicing, dicing, skinning, peeling, and cutting/portioning. The grinding segment is expected to account for the largest market share during the forecast period due to its effectiveness in decreasing the food's particle size. Meat, fruits, veggies, and other foods are forced through a grinding plate in the grinding apparatus, which is preceded by a rotating blade. Besides, due to its effectiveness and wide adoption in hotels, restaurants, frozen food suppliers, and other establishments, the cutting/portioning application sector is anticipated to acquire momentum over the forecast period.
|Report Attributes||Report Details|
|Report Name||Food Processing Blades Market Research Report|
|Market Size in 2022||USD 1.0 Billion|
|Market Forecast in 2030||USD 1.8 Billion|
|Growth Rate||CAGR of 7.5%|
|Number of Pages||212|
|Key Companies Covered||Hyde Industrial Blade Solutions, Baucor, York Saw & Knife Co, Inc., Cadence, Inc., Apex Shears Private Limited, Apex Knives Private Limited, ALCON TOOL COMPANY, M.R. Machine Knives Ltd., TGW, AccuTec, Inc., THE ORGANIC COMPANY, Jewel Blade, Dakin-Flathers Ltd, RAZOR BLADE CO., Florida Knife Company, Mercier, Crescent, SIMMONS KNIFE & SAW and Arizona Bag Company LLC among others.|
|Segments Covered||By Product, By Application, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The Asia Pacific is expected to dominate the market during the forecast period
The Asia Pacific region is expected to dominate the global food processing blade market during the forecast period. The growth in the region is attributed to the expanding F&B industry, which is mainly driven by urbanization, a large base population, rising health consciousness, and rising disposable income, as well as the rising demand for processed food products in India, China, Indonesia, and Thailand. According to the India Brand Equity Foundation, the food processing sector in India is a sunrise industry that has grown in importance recently.
Processed fruits and juices, pulses, guar gum, groundnuts, milled goods, cereal dishes, oil meals, and alcoholic drinks are some of the major processed food exports from India. India made agricultural and processed food export records in FY22, shipping out goods worth US$25.6 billion. According to the Directorate General of Commercial Intelligence and Statistics, exports of APEDA products reached US$ 7.4 billion as of April–June 2022, a 31% increase over US$ 5.7 billion during the same fiscal time. In addition, exports of processed vegetables and fruits increased by 59.1%, those of cereals and other processed goods by 37.66%, those of meat, dairy, and poultry products by 9.5%, those of basmati rice and non-basmati rice by 25.5%, and those of miscellaneous goods by 50%. Furthermore, in the Asia Pacific region, China is expected to dominate the market over the forecast period.
The growth in this country is owing to the rising demand for food processing equipment from Chinese F&B manufacturers, a growing food processing industry, and a significant number of food and beverage production facilities.
North America is expected to capture a significant market share over the forecast period. It is anticipated that the demand for fast food will increase quickly across territories like those in the U.S., Canada, and Mexico, increasing the need for processing equipment. The demand for processed meat is expected to increase, and middle-class families' changing lifestyles will also contribute to this trend.
Europe is projected to grow at the fastest rate over the forecast period. Europeans consume more meat and seafood than people in other parts of the world due to rising health consciousness among young people, rising use of processed and packaged foods, and upper-class society. Macroeconomic factors, such as rising spending power, population growth, and the rise in healthy eating behaviors, are the main drivers of the industry.
The global food processing blades market is dominated by players like:
Food processor blades are the equipment’s essential parts that help to process raw material ingredients into food items through chemical and physical procedures. Food processors are available in different categories like slicers, roasters, separators, homogenizers, grinders, fryers, ovens, feeders, chillers, mixers, dryers, and others.
One of the major factors driving the growth of the global food processing blade market is the growing demand for processed and packaged food in developing regions. The growing concern about the safety of the products, preferences of domestic customers, and change in the taste of ingredients are significantly supporting the growth of the market.
According to the report, the global market size was worth around USD 1.0 billion in 2022 and is predicted to grow to around USD 1.8 billion by 2030.
The global food processing blades market is expected to grow at a CAGR of 7.5% during the forecast period.
The global food processing blades market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the rising demand for seafood, and meat.
The global food processing blades market is dominated by players like Hyde Industrial Blade Solutions, Baucor, York Saw & Knife Co, Inc., Cadence, Inc., Apex Shears Private Limited, Apex Knives Private Limited, ALCON TOOL COMPANY, M.R. Machine Knives Ltd., TGW, AccuTec, Inc., THE ORGANIC COMPANY, Jewel Blade, Dakin-Flathers Ltd, RAZOR BLADE CO., Florida Knife Company, Mercier, Crescent, SIMMONS KNIFE & SAW and Arizona Bag Company LLC among others.