Growing consumption of processed food products among consumers across the globe is resulting in need for related equipment for processing food in food sector, which is a key factor driving market revenue growth.
Market Size - USD 62.31 Billion in 2020, Market Growth - CAGR of 5.8%, Market Trends - Increasing focus of market players to develop enhanced and cost-effective equipment.
The global food and beverage processing equipment market size is expected to reach USD 98.31 Billion in 2028, and register a CAGR of 5.8% during the forecast period. Changing eating habits of consumers, owing to changing lifestyle, hectic work-life, is resulting increasing dependency on ready-to-eat and packaged processed food and beverages. This is a major factor expected to drive use of food and beverage processing equipment and drive market growth.
Increasing investments for technologically advanced equipment by food and beverage processing companies to increase production capacity, and growing awareness regarding benefits of using equipment in food companies including automation of processes, minimal or no human intervention, no contamination, etc. are other major factors driving market growth.
Spreading awareness regarding health hazards of over-consumption of processed food products could limit consumption of processed food and restrain use of food and beverage processing equipment.
Some Key Findings From the Report:
For the purpose of this report, the global food & beverage processing equipment market is segmented on the basis of food or beverage form, application, equipment operation type, processing type, and region:
Food or Beverage Form Outlook
Application Outlook
Equipment Operation Type Outlook
Processing Type Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 62.31 Billion in 2020, Market Growth - CAGR of 5.8%, Market Trends - Increasing focus of market players to develop enhanced and cost-effective equipment.
The global food and beverage processing equipment market size is expected to reach USD 98.31 Billion in 2028, and register a CAGR of 5.8% during the forecast period. Changing eating habits of consumers, owing to changing lifestyle, hectic work-life, is resulting increasing dependency on ready-to-eat and packaged processed food and beverages. This is a major factor expected to drive use of food and beverage processing equipment and drive market growth.
Increasing investments for technologically advanced equipment by food and beverage processing companies to increase production capacity, and growing awareness regarding benefits of using equipment in food companies including automation of processes, minimal or no human intervention, no contamination, etc. are other major factors driving market growth.
Spreading awareness regarding health hazards of over-consumption of processed food products could limit consumption of processed food and restrain use of food and beverage processing equipment.
Some Key Findings From the Report:
- Among the food or beverage form segments, the solid form segment accounted for major revenue share in the global food and beverage processing equipment market. The liquid form segment is projected to register highest CAGR in the global market during the forecast period.
- Among the application segments, the poultry, meat & seafood application segment accounted for major revenue share in 2020, and is projected to register highest CAGR over the forecast period, owing to increasing demand for processed non-vegetarian food products among individuals.
- Among the equipment operation type segments, the manual equipment operation type segment accounted for major revenue share in the global market in 2020.
- Among the processing type segments, the across the factory segment is expected to register highest growth rate during the forecast period. The primary processing segment is expected to account for significantly high revenue share in the global market.
- The Asia Pacific market is expected to dominate in the global market over the forecast period, owing to presence of large number of food processing equipment companies in the region, and increasing consumption of processed food products resulting in use of these equipment in the food sector for processing food.
- Key players profiled in the report include Marel HF, Alfa Laval, JBT Corporate, GEA Group, Par-way Tryson, Krones AG, Buhler AG, SPX Flow Inc., Middleby Corporation, Tetra Pak. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global food & beverage processing equipment market is segmented on the basis of food or beverage form, application, equipment operation type, processing type, and region:
Food or Beverage Form Outlook
- Solid
- Liquid
- Others
Application Outlook
- Bakery & Confectionary
- Dairy & Dairy Alternatives
- Fruits, Nuts & Vegetables
- Alcoholic drinks
- Non-Alcoholic Drinks
- Poultry, Meat & Seafood
- Ready Meals
- Others
Equipment Operation Type Outlook
- Automatic
- Manual
- Other
Processing Type Outlook
- Primary Processing
- Secondary Processing
- Further Processing
- Across the Factory
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Food and Beverage Processing Equipment Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of all the major players in the Food and Beverage Processing Equipment Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Food & Beverage Processing Equipment Segmentation & Impact Analysis
Chapter 5. Food & Beverage Processing Equipment Market By Food or Beverage Form Insights & Trends
Chapter 6. Food & Beverage Processing Equipment Market By Application Insights & Trends
Chapter 7. Food & Beverage Processing Equipment Market By Equipment Operation Type Insights & Trends
Chapter 8. Food & Beverage Processing Equipment Market By Processing Type Insights & Trends
Chapter 9. Food & Beverage Processing Equipment Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Marel HF
- Alfa Laval
- JBT Corporate
- GEA Group
- Par-way Tryson
- Krones AG
- Buhler AG
- SPX Flow Inc.
- Middleby Corporation
- Tetra Pak.