Global Food Processing Equipment Market Size Insights Forecasts to 2032

• The Global Food Processing Equipment Market Size was valued at USD 58.9 Billion in 2022.
• The Market Size is Growing at a CAGR of 4.8% from 2022 to 2032
• The Worldwide Food Processing Equipment Market Size is expected to reach USD 94.7 Billion by 2032
• Asia Pacific is expected to Grow the fastest during the forecast period

The Global Food Processing Equipment Market Size is expected to reach USD 94.7 Billion by 2032, at a CAGR of 4.8% during the forecast period 2022 to 2032.

Food processing equipment refers to the components, processing devices, and mechanisms that are utilized to operate, prepare, cook, store, and package foods and their derivatives. While most of this equipment is used for transformation, i.e., increasing accessibility, consumability, and digestibility, or preservation, i.e., extending the expected lifespan of food, some pieces of equipment are also used for initial or secondary functions, such as handling, preparation, and packaging. These machines are used to manufacture food and food product applications ranging from bread items to refreshments and dairy.  Depending upon the specifications of the operation, food processing equipment can be designed and built to handle solid, semi-solid, and liquid substances in bulk or frequently. As they are nutritionally packed, shelf-stable, and have a decreased risk of contamination, these products have been gaining popularity across the globe. In the past, standard equipment was designed to complete a single task, but modern equipment with several operating streams that are adept at handling continuous and automated processes is currently being constructed. Furthermore, rising investment in research and development in food processing technologies is expected to boost the growth of the food processing equipment market. Investments in incorporating IoT and AI and their implementation in food processing and packaging equipment offer lucrative market prospects over the forecast time frame.

Driving Factors

The primary drivers fueling the expansion of the food processing equipment market include rising demand from customers for processed food, growing emphasis on nutritional quality and worker safety, increasing demands to boost efficiency, and a developing focus of food producers on lowering production costs. In addition, the worldwide food processing equipment market is being propelled by a growth in processed food demand as a result of customers' preference for nutritional, sanitary, and safe food products. With the world's expanding population, processed food consumption has expanded fast in the past few years. The resulting urbanization trend adds significantly to higher living standards and increased salaries, which in turn has a stronger impact on the affordability of processed food products. The product is growing in popularity in end-use sectors, particularly in Asia Pacific, where rising domestic manufacturing and consumer spending are fostering market development. Furthermore, to boost efficiency, players are combining new technologies such as IoT and AI into food processing machines. IoT aids in achieving maximum food safety, improving food traceability, and reducing waste. It makes use of sensors for tracking the ambient temperature of products in real-time.

Market Segmentation

By Type Insights

The processing segment is dominating the market with the largest revenue share over the forecast period.

On the basis of type, the global food processing equipment market is segmented into the processing and pre-processing. Among these, the processing segment is dominating the market with the largest revenue share of 68.3% over the forecast period. This segment includes technology and equipment that are used in the transformation of raw ingredients into finished food items. These machines make sure that food products aren't contaminated, flavorful, and of excellent quality. They enable bulk production, consistent quality, and food preservation, resulting in extended shelf lives and greater distribution. All food sectors, including dairy, meat and poultry, drinks, bakery, and others, employ processing equipment. Their applications range from fermentation tanks in breweries to meat and poultry smoking ovens. Automation, IoT capabilities, and energy-saving technologies are now often found in advanced processing equipment, ensuring efficiency and sustainability.

By Mode of Operation Insights

The automatic segment is expected to hold the largest share of the Global Food Processing Equipment Market during the forecast period.

Based on the mode of operation, the global food processing equipment market is classified into automatic and semi-automatic. Among these, the automatic segment is expected to hold the largest share of the food processing equipment market during the forecast period. This is due to the significant demand for technical progress, the increasing usage of automation, and market participants' robust development and research competencies. In the past, producers used semi-automated equipment due to manpower availability, the low cost of semi-automated products, and the financial budget. As the market for processed foods grew, manufacturers sought to have automated equipment on board. These benefits make them a popular choice among food makers, resulting in further adoption of automatic machines in the food business.

By Application Insights

The meat, poultry & seafood segment accounted for the largest revenue share of more than 27.6% over the forecast period.

On the basis of application, the global food processing equipment market is segmented into nut, fruit & vegetable, bakery & confectionery, meat, poultry & seafood, dairy, beverages, and others. Among these, the meat, poultry & seafood segment is dominating the market with the largest revenue share of 27.6% over the forecast period. The general population's changing lifestyles, increased preference for nutritious food, and increased understanding of the health advantages of marine goods have increased demand for meat, poultry, and seafood items. Furthermore, increased demand for equipment that can perform several functions, including cleaning, skinning, and weighing, is projected to offer possibilities for product producers over the forecast period.

Regional Insights

North America dominates the market with the largest market share over the forecast period.

North America is dominating the market with more than 38.7% market share over the forecast period. This is due to the rapidly increasing food and beverage business, as well as shifting consumer preferences for frozen food products. The increasing number of food production units in the United States is also predicted to boost regional industry growth. The United States is one of the most urbanized countries, with roughly 70 percent of its inhabitants residing in cities. This has changed dietary habits, which has aided the expansion of the food processing sector.

Asia Pacific, on the contrary, is expected to grow the fastest during the forecast period. The growing customer base and sophisticated technological improvements in the processed food industry are likely to boost the growth of the Asia Pacific food & beverage processing equipment market. Improving disposable income and transforming customer preferences toward quick-service and rapidly processed food are other important elements impacting Asia Pacific market growth. Furthermore, the fast-increasing food product manufacturing business in India and China boosts market penetration.

List of Key Market Players

• JBT
• Bühler
• Alfa Laval
• Tetra Laval
• Marel
• BAADER Group
• Krones AG
• SPX Flow Inc.
• Bucher Industries AG
• Bigtem Makine A.S.
• TNA Australia Pty Ltd.
• The Middleby Corporation
• Equipamientos Cárnicos, S.L.
• GEA Group Aktiengesellschaft

Key Market Developments

• On September 2023, Laitram Machinery, a pioneering leader in food processing equipment established in the United States, presented its cutting-edge goods at ANUTEC - International FoodTec India. The outstanding CoolSteam® Black Tree Nut Pasteurization, Brining, and Roasting System, CoolSteam® Blue Nut Pasteurization System, and CoolSteam Blancher For Vegetables are among Laitram Machinery's offers. These completely automated sophisticated food processing equipment solutions serve the shrimp, tree nut, and vegetable industries, promising increased safety, efficiency, and environmental friendliness.

• On July 2023, Duravant LLC, a global provider of designed equipment and automation solutions to the food processing, packaging, and material handling industries, announced today the acquisition of PPM Technologies by Stonehenge Partners. PPM, headquartered in Newberg, OR, is a leading manufacturer of high-quality conveying, coating, and thermal equipment that designs, engineers, and manufactures processing solutions for a wide range of end markets such as snack foods, confectionary, cereals, nutraceuticals, nuts and seeds, vegetables, meats, poultry, and seafood.

• In June 2022, Tetra Pak collaborated with Mycorena to create a greenfield fungal fermentation facility in order to discover alternative protein-based food applications. The plant will manufacture a meat substitute made from fungi, in keeping with Tetra Pak's commitment to innovative and sustainable food sources.

• In May 2021, Kanchan Metals, a food equipment manufacturing and processing company, introduced a Pellet Frying Line with Pre-Fryer for the expanding snacking and food processing industry. The double wall fryer with immerse fryer has Direct (with heat recovery system) and Indirect oil heating options, resulting in fuel efficient Frying, whereas adding Pre-Frying to existing Fryers results in greater production capacity and better product expansion.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Food Processing Equipment Market based on the below-mentioned segments:

Food Processing Equipment Market, Type Analysis

• Processing
• Pre-processing

Food Processing Equipment Market, Mode of Operation Analysis

• Automatic
• Semi-automatic

Food Processing Equipment Market, Application Analysis

• Nut, Fruit & Vegetable
• Bakery & Confectionery
• Meat, Poultry & Seafood
• Dairy
• Beverages
• Others

Food Processing Equipment Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa