Food Processing Machinery Market Overview:
Global Food Processing Machinery Market was valued at $52,787 million in 2016, and is projected to reach at $68,882 million by 2023, growing at a CAGR of 3.9% from 2017 to 2023. Food processing machines are the tools that facilitate commercial production and packaging of different kind of food such as meat, baked items, seafood, poultry, dairy, beverages, and others. These products are gaining popularity globally as they are considered nutritionally rich, shelf-stable, and have lower risk of contamination. These exist in variety of design, size, and configuration and can be conveniently operated. Earlier, conventional tools were designed to perform single task but at present, advanced equipment are designed, which comprises multiple processing lines capable of accommodating continuous and automated operations.
Global Processed Food Sales, 20142019 (USD Billion)
The above figure indicates that the year-on-year consumption & sales of processed food is steady and is estimated to grow during the forecast period resulting in growth and expansion of global food processing machinery market, especially in Asia-Pacific and Europe.
Global Daily Food Consumption, 2016 (%)
The above figure details the consumption statistics of processed, unprocessed, and ultra-processed food. The unprocessed food includes meat & poultry, fruit, dairy, grains, vegetables, seafood, eggs, legumes, and others. Moreover, the processed and the ultra-processed food include cheese, meat, seafood, bread, cereals, snacks, confectionery products, frozen & packaged food, dairy products, fast foods, beverages, and others.
The global food processing machinery market is driven by rise in demand for processed food due to preference of consumers for nutritious, hygienic, and safe food products. Moreover, the developed economies have mature market but the demand is fueled by replacement of conventional tools over the advanced technology. In addition, increase in disposable income in various nations boosts the market growth. However, regulation restrictions by different governments, such as Food Safety Modernization Act (FSMA), is expected to hamper the market. Furthermore, certain areas with absence of cold chain need supply of shelf-stable food products. Thus, introduction of new technological advancements and rise in demand from emerging economies provide opportunities for the market growth.
The food processing machinery market is segmented on the basis of type, application, mode of operation, and geography. Based on type, it is classified into depositors, extruding machines, mixers, refrigeration, slicers & dicers, and others (cutting machines, dispensing machines, and ovens). Based on application, it is categorized into bakery & confectionery, meat, poultry & seafood, dairy, beverages, and others (grain, fruit, and nut & vegetable). On the basis of mode of operation, it is divided as semi-automatic and fully automatic. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA as well as among its major countries.
Top Investment Pocket, By Type
The extruding machine segment is the most lucrative in the global food processing machinery market, owing to energy efficiency, ease of handling, lower price, high productivity, negligible wastages, and other factors.
Global food processing machinery market, by geography
Europe dominated the global market occupying more than one-third share in 2016, registering the second highest CAGR of around 4.0% during the forecast period. Asia-Pacific witnessed the highest CAGR and the second highest share in the global market, owing to rapid increase in population and rise in food & beverage market.
The key leading players operating in the food processing machinery industry are Anko Food Machine Co. Ltd., Berkshire Hathaway Inc., Bucher Industries, John Bean Technologies Corporation (JBT), Hosokawa Micron Corp., GEA Group, Mallet & Company, Inc., NICHIMO CO., LTD., SPX Corporation, and Tetra Laval International S.A.
The other players in the value chain include Buhler, Krones AG, B.K Engineers, National Refractories, Heat and Control, Inc., Meyer Industries, Inc., AFE Group Ltd., Atlas Pacific Engineering Company Inc., ZIEMANN HOLVRIEKA, and Tomra Systems.
- This report provides an extensive analysis of the current trends, emerging estimations, and dynamics of the global food processing machinery market from 2017 to 2023.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- Detailed analysis of the industry based on the type and application explains the trending machine type and other potential variants.
- Porters five forces analysis highlights the potency of buyers & suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top players within the market framework.
Food Processing Machinery Market Key Segments:
- Extruding Machines
- Slicers & Dicers
- Others (Cutting Machines, Dispensing Machines, and Ovens)
- Bakery & Confectionery
- Meat, Poultry, and Seafood
- Others (Grain, Fruit, and Nut & Vegetable)
By Mode of Operation
- Fully Automatic
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA