Industries Study Report: Food Processing Equipment Industry

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Emerging Trends in the Food Processing Equipment Industry

Food Processing Equipment Industry Data Book - Hot Food Processing Equipment, Bakery Processing Equipment and Meat Processing Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Food Processing Equipment Industry was valued at USD 44,842.6 million in 2020 and is anticipated to increase at a significant CAGR from 2023 to 2030.

Grand View Research’s food processing equipment industry data book is a collection of market sizing information & forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Access the Global Food Processing Equipment Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Hot Food Processing Equipment Market Growth & Trends

The global hot food processing equipment market size is expected to reach USD 35.72 billion by 2030, registering a CAGR of 6.3% during the forecast period, according to a new report by Grand View Research, Inc. The market is primarily driven by increasing demand for bakery products, processed foods, and rising meat consumption coupled with innovation in food processing.

The increasing proportion of the younger population with higher spending capacity is expected to drive the demand for processed food. Rising preference for healthy meals and increasing adoption of a vegan diet among the younger population is projected to have a positive impact on the processed food market, thereby, benefiting the hot food processing equipment market growth.

The favorable growth of the food & beverage industry, particularly in the emerging economies, coupled with the growing consumption of packaged food & beverages in households is expected to drive the demand for hot food processing equipment. Furthermore, new product launches, expansion of the retail network, and population growth are the factors, expected to complement the market growth.

Various technological advancements are taking place in the food processing industry so as to meet the food demand of the growing population. The continuously rising investments in R&D activities for the incorporation of advanced technologies such as automation and Internet 4.0 in hot food processing equipment are expected to fuel the growth of the market.

Order your copy of the Free Sample of “Food Processing Equipment Industry Data Book - Hot Food Processing Equipment, Bakery Processing Equipment and Meat Processing Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Meat Processing Equipment Market share, by country, 2022 (%)

Meat Processing Equipment Market Growth & Trends

The global meat processing equipment market size is anticipated to reach USD 15.04 billion by 2030, expanding at a CAGR of 4.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing consumption of processed meat among consumers coupled with rising food safety concerns is expected to drive industry growth.

The global demand for meat processing equipment has increased as a result of the adoption of contemporary biotechnology for the meat processing chain. Additionally, the U.S. government's new requirements for food manufacturers are anticipated to boost recalls of meat products that undoubtedly contain plastic, metals, and other foreign elements.

Owing to the growing population, rising disposable income, and increased demand for processed meat internationally, the market for meat processing equipment is expanding more quickly. In addition, it is anticipated that the growing demand for animal proteins and technical advancement will further boost the growth of the meat processing equipment industry.

Meat consumption in developed Asia-Pacific countries is evolving mainly towards premiumization and healthification. Additionally, consumers continue to have a strong demand for premium cuts of meat sold at grocery stores, and the biggest suppliers in the country are launching new items to suit this demand.

The meat consistency can be improved and contaminants can be removed with the use of meat processing equipment. The demand for meat processing equipment is increased by the continued predominance of meat-based cultures in many nations. The demand for processed meat has also increased as a result of an increase in meat consumption.

Go through the table of content of Food Processing Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Food Processing Equipment industry are:

Arenco AB
Polar Systems Ltd.
Uni-Food Technic A/S
Optimar Fodema S.A.
SEAC AB

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Food Processing Equipment Industry: Environmental Landscape and Driver Analysis

The global Food Processing Equipment Industry was valued at USD 44,842.6 million in 2020 and is anticipated to increase at a significant CAGR during the forecast period.

Brewery Equipment Market Insights

The global brewery equipment market was valued at USD 16.52 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% during the forecast period. The demand for brewery equipment is expected to increase during the forecast period as beer drinkers throughout the world show an increasing preference for craft breweries due to their distinctive flavor.

Beer consumption declined during the Covid-19 pandemic as a result of the closure of the breweries and alcohol retailers owing to the lockdown, which had an effect on the market for brewing equipment. However, when breweries began to operate in 2022 and beer demand climbed, as a result of this, it is anticipated to boost demand for brewery equipment in the market, globally.

The growing popularity of beer culture is encouraging big beer manufacturers from around the world to invest in this market. Furthermore, market participants are investing in activities such as cellar equipment, outdoor expansion, improved yeast management, energy recovery methods, and brewery expansion to strengthen their market presence in the global brewing equipment market. For instance, in September 2019, Kaspar Schulz GmbH announced a collaboration with G.E additive to expand the intersection of brewing equipment manufacture and to provide sophisticated additive technologies to the brewing and beverage industries.

Hot Food Processing Equipment Market share by country, 2021 (%)

Hot Food Processing Equipment Market Insights

The global hot food processing equipment market size was valued at USD 20.82 billion in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for hot food processing equipment during the forecast period.

The growing urban population in the U.S. has influenced food preferences, thereby boosting the processed food demand. Furthermore, the market in the U.S. is undergoing a transition owing to the COVID-19 pandemic as players in this space undertook strategic acquisition and capacity expansion to meet the increasing demand for food.

Hot food processing equipment is essential in food processing. The advantages include the inactivation of food-borne pathogens and harmful constituents, as well as the extension of shelf life, improved bioavailability, taste, flavor, and enhanced functional properties such as improved levels of antioxidants. Growing demand for food and beverages is expected to boost the growth of the hot food processing equipment market during the forecast period.

Rising disposable incomes and a growing younger population with higher spending means is likely to drive the market for processed foods thereby aiding the industry growth. Preference for healthy meals and the rise of veganism among the younger population is projected to provide a good industry outlook, as food makers are likely to capitalize on the rising demand.

Go through the table of content of Food Processing Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Food Processing Equipment Industry Data Book Competitive Landscape

The industry participants focus on research & development activities to develop new technologies for energy-effective and sustainable food processing equipment. Along with R&D, key players also focuses on various strategies to expand the business and gain a competitive edge over their peers. Strategies adopted by the companies usually include joint ventures, partnerships, mergers & acquisitions, product innovation, distribution agreements, and geographic expansion.

Key players operating in the Food Processing Equipment Industry are:

GEA Group AG
BAADER Group
Bühler AG
Marel
Alfa Laval

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Food Processing Equipment Industry Top Players are Marel, Alfa Laval, and Tetra Laval International S.A.

Access the Global Food Processing Equipment Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Hot Food Processing Equipment Market Report Highlights

The global Hot Food Processing Equipment Market size was valued at USD 20,824.8 million in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.

The demand for baking equipment accounted for 20.8% of the global revenue share in 2021 as a result of increasing demand for the bakery products coupled with rising awareness pertaining to the health benefits of baked food
The equipment adoption in fast food & restaurants accounted for 44.7% of the foodservice industry demand in 2021, as they are the key providers of mass-produced cuisine, thus, drawing a rising number of individuals to try their services
The demand for pasteurizers is expected to witness growth at a CAGR of 6.9% from 2022 to 2030, in terms of revenue, on account of its ability to prolong shelf life of the foods, kill harmful microorganisms, and maintain the consistency of the food
The demand for hot food processing equipment in Asia Pacific region is expected to grow at a CAGR of 7.3% during the forecast period, because of the changing consumer eating habits resulting in demand for the processed foods and beverages
In February 2022, Marel completed a 100% acquisition of Curio. The deal is expected to further strengthen the company’s objective to be the one-stop destination for food processors looking for high-tech solutions, software, and services.

Hot Food Processing Equipment Market share by country, 2021 (%)

Bakery Processing Equipment Market Report Highlights

The global Bakery Processing Equipment Market size was valued at USD 12,920.9 million in 2020 and is projected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.

By equipment, mixers and blenders accounted for the second-largest share in 2020 as they are used to improve the production line, increase efficiency, and quickly mix raw materials to produce large quantities of pastries, bread, and other baked goods
The cakes and pastries application segment accounted for the second-largest share in 2020 owing to the rising disposable income, globalization, and inclination toward western-style diets in Asian countries
Asia Pacific is likely to expand at the fastest CAGR from 2021 to 2028 owing to the increasing disposable income, the growing spending power of the middle-class population, rapid globalization, and adoption of automated technology
The growing domestic consumption of various processed food products, such as potato chips, sausages, and bread, in the emerging economies of Asia Pacific and the Middle East owing to the expansion of retail food outlets is expected to stimulate the product demand

Order your copy of Free Sample of “Food Processing Equipment Industry Data Book - Hot Food Processing Equipment, Bakery Processing Equipment and Meat Processing Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Meat Processing Equipment Market Report Highlights

The global Meat Processing Equipment Market size was valued at USD 10,283.9 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030.

Slicing equipment accounted for a revenue share of 24.8% in 2022 as it helps in reducing the manual weighing and arrangement practices of sliced products, resulting in improved hygiene of meat
Beef-based meat is estimated to expand at a CAGR of 4.6% over the forecast period as it is considered to be an important part of the diet of the western world. It is the most preferred type of red meat owing to its firm texture and intensive flavor
North America accounted for a revenue share of 18.8% in 2021 owing to the rising demand for meat processing equipment in the region which is attributed to the high level of automation used in the meat processing industry
Asia Pacific is expected to expand at the fastest CAGR of 5.6% over the forecast period on account of the rising investments by western countries in the region for opening fast-food outlets have increased the demand for meat processing equipment
New product development with faster processing times and high hygiene levels is one of the key strategies adopted by market participants to expand their product offerings to reinforce their competitive positions in the market

Go through the table of content of Food Processing Equipment Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Service providers in the market are proactively undertaking significant initiatives to enhance customer service and satisfaction. Numerous small- and medium-sized car wash and detailing service operators are concentrating on launching new products, expanding service offerings, and engaging in mergers and acquisitions to effectively compete on a global scale.

Key players operating in the Food Processing Equipment industry are:

Zips Car Wash
Splash Car Wash
International Car Wash Group (ICW)
Autobell Car Wash
Quick Quack Car Wash
Super Star Car Wash

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Emerging Trends in the Food Processing Equipment Industry

Food Processing Equipment Industry: Environmental Landscape and Driver Analysis

Food Processing Equipment Industry Top Players are Marel, Alfa Laval, and Tetra Laval International S.A.

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