Food Processing Machinery Market Research, 2031
The global food processing machinery market was valued at $61,249 million in 2020, and is projected to reach $93,737.1 million by 2031, growing at a CAGR of 3.9% from 2022 to 2031.
Food processing machinery industry consists of the equipment that aid in the commercial manufacturing and packaging of many types of food such as meat, baked goods, fish, poultry, dairy, beverages, and so on. These products have gained popularity around the world as they are nutritionally dense, shelf-stable, and have a lower risk of contamination. These come in a number of designs, sizes, and configurations and are easy to use. Previously, conventional tools were meant to accomplish a single task; however, new equipment is now being built that has several processing lines capable of handling continuous and automated operations.
COVID-19 Impact Analysis
Consumers are conforming to the new social distance standards by choosing products that are convenient, healthful, and sanitary. This trend has resulted in a rise in consumer desire for processed food goods, since frozen bakery products have become increasingly visible on market shelves. As people hurry to stock their pantries, sales of frozen meals, particularly ready-to-bake and ready-to-eat frozen bakery products, have increased. The COVID-19 pandemic is projected to increase consumption of frozen bread items and other shelf-stable foods with a longer shelf life.
Furthermore, due to statewide lockdown, many foodservice businesses and restaurants have closed around the world, forcing consumers to cook at home. As a result, customers accumulated pre-processed food products that can be easily prepared and opted for ready-to-eat foods with a longer shelf life, such as bread, rolls, and buns.
However, with ease in lockdown restrictions and improved logistics considering the preventive measures for COVID-19, the food processing machinery market is expected to grow that is anticipated to increase the sales of food processing machinery during the forecast period.
The global food processing machinery industry is being pushed by an increase in demand for processed food as a result of customers' choice for nutritional, sanitary, and safe food products. Furthermore, the food processing machinery market share for the developed economies have established markets, yet demand is driven by the replacement of traditional instruments with modern technology. Furthermore, an increase in disposable income in many countries increases market growth. However, regulatory constraints imposed by various countries, such as the Food Safety Modernization Act (FSMA), are projected to stymie the industry. Furthermore, the global food processing machinery market in places where there is no cold chain, supply of shelf-stable food goods is required. As a result, the introduction of new technology developments and an increase in demand from emerging economies create potential for food processing machinery market growth.
Food processing machinery market is growing due to continuous improvements in computerized food processing technology have established automation and autonomous equipment as essential components of the food production and processing business. As demand and costs continue to rise, automation assists in reducing manufacturing time while increasing productivity. Food processors have become more aware of the power of data-driven insights to optimize raw material consumption, improve food quality & safety, ensure traceability, and promote continuous improvement. The robotic butchery machine, which helps speed up the operation, is one of the important automation machinery kinds that have gained popularity. The market is rising due to the presence of automated equipment contributes to a safer facility by reducing the impact on personnel who handle potentially dangerous tools and apparatus.
To remain competitive, food makers and distributors must now navigate an increased number of stock keeping units (SKUs) and seasonal peaks in business, while ensuring that their products meet demanding food quality and safety laws. As trade clients demand more SKUs, materials must be swapped out and machine settings must frequently be adjusted. This is still difficult to perform automatically, even using servomotors. Global consumers are now offered a diverse range of products online. These customers have become accustomed to having a wide range of options, including food. They want more sizes, flavors, and packaging options, as well as specialty items that are organic, nut-free, dairy-free, and gluten-free.
Processed foods and beverages may be found in every aisle of the grocery store and have made their way into daily meals, snacks, and desserts. According to ADM study, the pandemic increased people's interest in immune-boosting meals, which experts expect will continue in 2021. According to a study, corporations look toward adding health-related benefits and claims to their products. Yogurt makers, for example, have introduced probiotics as well as emphasized other benefits such as sugar reduction. According to the Innova Consumer Survey 2020, six out of ten worldwide consumers are looking for goods that support their immune health, with one-third reporting that their concerns have intensified in 2020.
Owing to increased availability of access to food processing machinery and production skills, a significant number of illicit processing firms offer counterfeit products that have emerged in the field. The rise of counterfeit food packaging has hampered the expansion of the food processing technology and equipment sector. Companies lose money as a result of counterfeit products, and their brand image suffers.
Segment review
The food processing machinery market is segmented on the basis of type, application, mode of operation, and region. By type, it is classified into depositors, extruding machines, mixers, refrigeration, slicers & dicers, and others (cutting machines, dispensing machines, and ovens). On the basis of 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 bifurcated into semi-automatic and fully automatic. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Region
Asia-Pacific was the most prominent regional segment
On the basis of type, the food processing machinery market is divided into depositors, extruding machines, mixers, refrigeration, slicers & dicers, and others (cutting machines, dispensing machines, and ovens. Depositing machines increase efficiency and reduce operational expenses in a food manufacturing plant by allowing continuous processing and more precise product packaging. Such benefits are expected to benefit this segment during the forecast period.
By Type
Extruding Machine segment was the fastest growing in forecasted period
On the basis of application, the market is divided into bakery & confectionery, meat, poultry & seafood, dairy, beverages, and others (grain, fruit, and nut & vegetable). Meat, poultry, and marine items are predicted to expand most rapidly during the forecast period. Change in lifestyles, increased preference for nutritious food, and surge in understanding of the health advantages of marine goods have increased demand for meat, poultry, and seafood items.
By Application
The Bakery & Confectionery segment was the fastest growing segment
The market analysis focuses on the market prospects, restraints, and opportunities of the global market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the food processing machinery market share.
By Mode Of Operation
The Fully Automatic segment was the fastest growing segment
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the food processing machinery market analysis from 2020 to 2031 to identify the prevailing food processing machinery market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the food processing machinery market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global food processing machinery market trends, key players, market segments, application areas, and market growth strategies.
Food Processing Machinery Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Mode Of Operation |
|
 By Region |
|
 Key Market Players | SPX Corporation, Mallet & Company, Inc., Berkshire Hathaway Inc., Tetra Laval International S.A., GEA Group, Hosokawa Micron Corp., John Bean Technologies Corporation (JBT), NICHIMO CO., LTD., Bucher Industries, Anko Food Machine Co. Ltd. |
Analyst Review
Food production processes include seed and fertilizer procurement, cultivation, harvesting, processing, storage, transportation, and retail sales. Owing to food safety concerns, the generated food must be handled with caution throughout the supply chain. Food processing machinery is required to avoid food contamination and to ensure excellent food quality & proper packaging during the commercial manufacturing process. Furthermore, changes in consumer preferences in various locations, combined with rigorous laws on specific items, encourage food and beverage companies to invest in processing equipment and produce new products with higher outputs. Furthermore, rise in personal income in emerging nations such as China and India is predicted to increase the number of families consuming processed foods, resulting in increased demand for food processing equipment.
The Chinese market includes a large number of participants, where product innovation and strategic alliances are important success factors. New product innovations, developments, and the adoption of new technologies provide advantageous prospects for food makers that have propelled market expansion in recent years.
The U.S. is one of the most urbanized countries, with around 80% of its inhabitants residing in cities. This has changed food preferences, which has aided the expansion of the food processing sector. However, as a mature industry, product demand is likely to expand slowly during the forecast period.
Europe is a major player in the food and beverage business. The industry accounts for the majority of Europe's economy, with countries such as Germany, Italy, and the UK playing important roles in influencing the economy. Increased demand and supply of these systems in these locations, together with a strong and distributed network, are likely to generate opportunities for product producers in the coming years. Rise in demand for nutritional enrichment, combined with the EU's support for regulating the use of food additives at the domestic level, is likely to boost regional market growth. The presence of functional food makers, as well as increased R&D expenditure in Europe to develop innovatively formulated additives, are expected to drive product demand in the future years.
The global Food Processing Machinery Market size was valued at $66,148.9 million in 2021, and is estimated to reach $93,737.1 million by 2031, registering a CAGR of 3.9% from 2022 to 2031.
The forecast period in Food Processing Machinery Market is 2022-2031.
Which is the base year calculated in the Food Processing Machinery Market report?
The key players that operate in the global food packaging equipment market are Arpac LLC, Bosch Packaging Technology, Coesia Group, GEA Group, IMA Group, Ishida, Multivac, Inc., Nichrome India Ltd., Omori Machinery Co. Ltd., and Oystar Holding GmbH.
By type is the most influencing segment in the Food Processing Machinery Market report.
Europe holds the maximum market share of the Food Processing Machinery Market
The company profile has been selected on the basis of various strategies such as acquisition, business expansion, collaboration, divestiture, partnership, product launch, and sustainability.
The market value for Food Processing Machinery Market in 2020 was $61,249.0 Million.
Loading Table Of Content...
