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Food Processing Machinery and Equipment - Global Market Trajectory & Analytics

  • ID: 344111
  • Report
  • April 2021
  • Region: Global
  • 614 Pages
  • Global Industry Analysts, Inc
Global Food Processing Machinery and Equipment Market to Reach $67.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Food Processing Machinery and Equipment estimated at US$57 Billion in the year 2020, is projected to reach a revised size of US$67.7 Billion by 2027, growing at a CAGR of 2.5% over the analysis period 2020-2027. Depositors, one of the segments analyzed in the report, is projected to record a 2.8% CAGR and reach US$19.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Extruding Machines segment is readjusted to a revised 3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $15.4 Billion, While China is Forecast to Grow at 4.7% CAGR

The Food Processing Machinery and Equipment market in the U.S. is estimated at US$15.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.5 Billion by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Mixers Segment to Record 2.1% CAGR

In the global Mixers segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Billion in the year 2020 will reach a projected size of US$9.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$9.2 Billion by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period.

Select Competitors (Total 365 Featured):
  • Alfa Laval
  • Atlas Pacific Engineering Company Inc.
  • Bucher Industries AG
  • Bühler AG
  • GEA Group AG
  • Heat and Control Inc.
  • John Bean Technologies Corporation
  • Key Technology Inc.
  • Marel
  • Marlen International
  • Meyn Food Processing Technology B.V
  • Rheon Automatic Machinery Co. Ltd.
  • Satake Corporation
  • SPX Flow Inc.
  • Tetra Laval International S.A.
  • The Middleby Corporation
  • Wenger Manufacturing Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Food Processing Machinery and Equipment: Overview & Outlook
  • Rising Importance of Automation & Technology Innovations in Food Processing Machinery
  • Increasing Focus on Plant Modernization and Upgradation
  • Meat/Poultry Processing Machinery: Dominant Product Group
  • Equipment to Process Solid Foods Lead the Market
  • Developing Economies Continue to Spearhead Market Growth
  • Key Competitive Elements
  • Competitive Landscape
  • A Highly Fragmented Marketplace
  • Price: A Competitive Variable
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
  • Alfa Laval (Sweden)
  • Atlas Pacific Engineering Company, Inc. (USA)
  • Bucher Industries AG (Switzerland)
  • Bühler AG (Switzerland)
  • GEA Group AG (Germany)
  • Heat and Control, Inc. (USA)
  • John Bean Technologies Corporation (USA)
  • Key Technology, Inc. (USA)
  • Marel (Iceland)
  • Marlen International (USA)
  • Meyn Food Processing Technology B.V (The Netherlands)
  • Rheon Automatic Machinery Co., Ltd. (Japan)
  • Satake Corporation (Japan)
  • SPX Flow, Inc. (USA)
  • Tetra Laval International S.A. (Switzerland)
  • The Middleby Corporation (USA)
  • Wenger Manufacturing, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Increasing Demand for Processed Meat Products: Major Growth Driver
  • Opportunity Indicators
  • Growing Consumption of Pork Bodes Well for Market Growth
  • Rising Demand for Processed Poultry Bodes Well for Equipment Market
  • Growing Consumer Preference for Processed Seafood to Drive Demand for Processing Equipment
  • HPP Finds Use in Seafood Processing
  • Dairy Products: Churning Out New Opportunities
  • Opportunity Indicators
  • HPP Equipment Gains Popularity in Producing Dairy Products
  • Strong Demand for Beverages Spurs Growth of Beverage Processing Machinery
  • Functional Beverages Fuel Growth in Carbonated Beverage Processing Equipment Market
  • HPP Technology Unlocks New Growth Opportunities for Beverage Industry
  • Liquid Filling Machines: A Review of Key Factors Influencing Purchase Decisions
  • Equipment Accuracy: A Key Consideration for Beverage Companies
  • Simplifying Changeovers and Waste Efficiency
  • Need for Product Versatility Reigns Supreme
  • Strong Frozen Food Demand Spurs Processing Equipment Market Growth
  • Freeze Drying Equipment Rise in Popularity
  • Rising Demand for Processed Fruits & Vegetables Drive Sales of Processing Equipment
  • Primary Food Processing Machinery Market - Need for Advanced Machinery Drives Growth
  • Streamlining of Equipment Design and Production Processes
  • Energy Efficient Food Processing Equipment Finds Favor among Food Processors
  • Technology Advancements Foster Growth in Food Processing Machinery Market
  • Continuous Processing & HPP Technology - NoTable Developments in Food Processing Machinery Market
  • Robotics Creating New Frontiers
  • Growing Prominence of Automation in Meat Processing Operations
  • HPP: A New Paradigm for the Food and Beverage Processing Industry
  • HPP Emerges as the Most Promising of Non-thermal Pasteurization Technologies
  • HPP Technique Causes Minimal Impact on Sensory Characteristics of Foodstuffs
  • Rising Demand for Healthier Convenience Foods Catalyzes HPP Equipment Market
  • New Applications, Ongoing Commercialization of HPP Foodstuffs Spur Adoption of HPP Equipment
  • Food Safety Issue Throws Spotlight on Product Quality & Design, to Drive Replacement Demand
  • Favorable Megatrends Strengthen Market Prospects
  • Rising Global Population Offers Significant Growth Opportunities
  • Urbanization: A Mega Trend with Significant Implications for the Food Processing Industry
  • Growing Middle Class Population in Developing Countries to Drive Demand
  • Challenges Confronting Food Processing Machinery Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 365
Note: Product cover images may vary from those shown
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