The food processing equipment market is highly dynamic and competitive owing to the rising demand for processed food & beverages and expansion of food processing industry. The food processing equipment facilitates the automation of food production process with the help of sophisticated process control & monitoring technologies. Wide range of process equipments are used for converting a raw material into safe and edible food products such as storage tanks, mixers, pressure gauges, sensors, and control & monitoring devices.
The major factor driving the growth of the global food processing equipment market is rapid increase in demand for processed food fueled by expanding population and urbanization. Along with process optimization, quality and hygiene during the food production and storage plays a vital role in the food processing and production.
Additionally, rising demand for sophisticated food packaging fueled by rising consumer awareness and shifting preference towards processed food, has increased significantly during past decade. Moreover, the manufacturers of process equipment for food processing are focusing on developing standardized equipments along with meeting the rising demand for customized food processing equipment. Consequently, the food processing equipment market is expected to grow significantly during the forecast period.
North America contributed a dominating share to the global food processing equipment market in 2019 and is anticipated to witness steady growth during the forecast period. Asia Pacific contributed a prominent share to the global market and is anticipated to be a dominating geography during the forecast period owing to expanding food & beverage processing industry fueled by rising demand for processed food products across major countries.
Presence of leading process equipment manufacturers and growth of small and medium food processing companies is anticipated to bolster the growth of Asia Pacific food processing equipment market during the forecast period.
The report titled “Food Processing Equipment Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Food Processing Equipment market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Alfa Laval AB reported revenues of USD 4,732.1 million in 2019 and the product segment analysis of the company indicates that Marine business segment of the company dominated revenue in 2019.
The global food processing equipment market is segmented on the basis of equipment type, food type, operation, application, and geography. Based on equipment type, the global food processing equipment market is segmented into pre & post process equipment and process equipment. The pre & post process equipment is sub-segmented into sorting & grading, cutting, peeling, slicing, grinding, & washing, blending & mixing, packaging equipment, and others. The process equipment is sub-segmented into forming, extruding, coating, drying, cooling, and freezing, thermal, filtration, pressing, homogenization, and others. Based on food type, the global food processing equipment market is segmented into liquid food processing equipment, solid food processing equipment, and semi-solid food processing equipment. Based on operation, the global food processing equipment market is segmented into automatic equipment and semi-automatic equipment. Based on application, the global food processing equipment market is segmented into bakery & confectionery products, meat & poultry products, fish & seafood, dairy products, alcoholic beverages, non-alcoholic beverages, and others. Based on geography, the global food processing equipment market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on food processing equipment. Further, market share of prominent companies in the global food processing equipment market would also be estimated.
For instance, Alfa Laval AB operates through five business segments namely Energy, Food & Water, Marine, Greenhouse, and others. The food processing equipment products are delivered under Food & Water business segment of the company with revenue contribution of US$ 1,443.4 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the food processing equipment companies. The global food processing equipment market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the food processing equipment business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global food processing equipment market.
Major players active in the global food processing equipment market include Alfa Laval AB, Buhler AG, Dover Corporation, GEA Group AG, JBT Corporation, Krones AG, Marel, Middleby Corporation, and Tetra Laval International S.A.
Global Food Processing Equipment Market Segmentation:
By Equipment type
By Food type
By Operation
By Application
By Region
Based on type, the food processing equipment market is segmented into pre & post process equipment and process equipment..
Major players operating in the global food processing equipment market include Alfa Laval AB, Buhler AG, Dover Corporation, GEA Group AG, JBT Corporation, Krones AG, Marel, Middleby Corporation, and Tetra Laval International S.A..
The food processing equipment market has been assessed for the years 2023 to 2032.
The sample report for the food processing equipment Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
The major factor driving the growth of the global food processing equipment market is rapid increase in demand for processed food fueled by expanding population and urbanization.
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