Food Processing & Handling Equipment Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Food Processing & Handling Equipment Market size is projected to reach a CAGR of 6.2% from 2023-2030.

Food processing and handling machines and systems used to cook, handle, prepare, package, and store food products are referred to as equipment. Food processing and handling equipment are designed primarily for palatability, but it also performs auxiliary functions such as preparation, handling, and packaging. These machines are increasingly being used to create food product applications.

The food Processing and handling Equipment Market size is mainly driven by consumers changing habits, tastes, and preferences in food, large customer base, change in lifestyle of consumers, easy availability of raw materials and need for broader options of food items. The demand for increasing packaged food in developing countries also drives the market. A rise in the disposable income of the customers and increased availability of dairy products will boost the food processing and handling equipment market size.

On the other hand, the constraints for food processing and handling equipment will be the high production costs, the large amount of electricity required to run the machines, and the large number of production costs involved in making organic processed foods.

The virus has significantly impacted the food processing and handling equipment manufacturing industry, causing production and factory operations to be halted. It all started in China, the global hub for supplying raw materials to companies, and then spread to the entire supply chain for manufacturing companies. Furthermore, the United Nations Conference on Trade and Development (UNCTAD) predicts that global FDI will fall by 5% to 15% as a result of a drop in manufacturing company operations due to factory shutdown. As a result, the COVID-19 outbreak is expected to slow global investment in the food processing equipment manufacturing sector. This scenario has reduced demand for food processing equipment, particularly in 2020.

Delvens Industry Expert's Standpoint

The versatility of the equipment enables it to be utilized for a multitude of tasks such as cooking, handling, preparing, packaging, and storing. It is a market that is heavily influenced by the consumers themselves as their preferences, habits, and tastes directly affect it. The market size for food processing and handling equipment is predicted to experience significant growth due to the rise in disposable income of the consumers as well as the increased availability of dairy products. This is an excellent opportunity for manufacturers of these types of equipment to offer a diverse range of products and services to meet the growing demands of the market.

Market Portfolio

Key Findings

• Food Processing and handling Equipment Market size is mainly driven by consumers changing habits, tastes, and preferences in food, large customer base, change in lifestyle of consumers, easy availability of raw materials, and need for broader options of food items. The demand for increasing packaged food in developing countries also drives the market. A rise in the disposable income of the customers and increased availability of dairy products will boost the food processing and handling equipment market size.
   
• The type segment is further fragmented into Food Processing Equipment, Food Service Equipment, and Food Packaging Equipment. The Food Processing Equipment segment registered the highest CAGR and is anticipated to dominate the market during the forecast period. Advancements in the food processing industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors expected to support the growth of the food & beverage processing equipment market.

• The end-product form segment is further segmented into Solid, Liquid, and Semi-solid. The solid segment registered the highest CAGR and is anticipated to dominate the market during the forecast period due to the rising consumption of solid food products, such as bread, processed meat, and processed vegetables, in regular diets.
   
• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia Pacific market dominated the food processing and handling equipment market during the forecast period. The food industry in the Asia Pacific is gigantic. In the region, product innovations and technological advances have put increasing pressure on quality standards at all levels, with a growing emphasis on food safety, integrity, quality, and nutritional and health impacts.

Regional Analysis

Asia Pacific to Dominate the Market

• The Asia Pacific market dominated the food processing and handling equipment market during the forecast period. The food industry in the Asia Pacific is gigantic. In the region, product innovations and technological advances have put increasing pressure on quality standards at all levels, with a growing emphasis on food safety, integrity, quality, and nutritional and health impacts.
   
• Growth in the demand for processed foods, and the rapid rise in supermarkets, and retail outlets are some of the positive factors shaping the growth of the food and beverages industry in the region.

Competitive Landscape

• BAADER Group
• GEA Group Aktiengesellschaft
• Bühler AG
• Marel
• Tetra Laval International S.A.
• Alfa Laval
• Krones AG
• The Middleby Corporation
• JBT Corporation
• SPX Flow Inc.
• LEHUI
• Robert Bosch
• IMA Group
• Multivac
• Tetra Laval
• Dover Corp.
• ALI Group S.R.L
• Electrolux
• Hoshizaki
• Global Bakery Solutions
• Sealtech Engineers
• Dairy Tech India
• Align Industry
• Wootzano Ltd.

Recent Developments

• In November 2021, JBT Corporation acquired Urtasun Tecnología Alimentaria S.L. provides solutions for fruit and vegetable processing. This acquisition expanded the existing product offering of JBT in the fruits and vegetable processing domain. This would increase its market presence in the packaged and frozen market sectors.
   
• In September 2021, the Middleby Corporation company (US) acquired Imperial commercial cooking equipment company (US), a manufacturer of a range of fryers, ovens, and countertop equipment.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for Food Processing & Handling Equipment Market to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope