Meticulous Research®—a leading global market research company, published a research report titled, ‘Food Processing Equipment Market by Type (Meat, Poultry, and Seafood Processing Equipment, Beverage Processing Equipment Bakery Equipment, Dairy Processing Equipment, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic), and Geography - Global Forecast to 2030.’
According to this latest publication from Meticulous Research®, the food processing equipment market is projected to reach $98.57 billion by 2030, at a CAGR of 5.8% from 2023–2030. The growth of the food processing equipment market is driven by increasing demand for processed foods, a growing focus on food and worker safety, a growing need to increase productivity, food manufacturers’ increasing focus on reducing production costs, and government support to promote the food processing industry. However, the high cost of equipment and the consumers’ increasing inclination towards minimally processed food products restrain the growth of this market.
In addition, emerging economies such as Latin America, Southeast Asia, and Africa and a rapidly growing plant-based foods market are expected to generate growth opportunities for the players operating in this market. However, the lack of trained labor is a major challenge for market growth.
The key players operating in the global food processing equipment market are Bühler AG (Switzerland), Marel hf (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Heat and Control Inc. (U.S.), SPX Flow, Inc. (U.S.), Alfa Laval AB (Sweden), Krones AG (Germany), Paul Mueller Company (U.S.), Tetra Pak International S.A. (Sweden), Bigtem Makine A.S. (Turkey), TNA Australia Pty Limited (Australia), and Hosokawa Micron B.V. (Netherlands).
The global food processing equipment market is segmented by type, mode of operation, and geography.
Based on type, the global food processing equipment market is segmented into meat, poultry, and seafood processing equipment; bakery processing equipment; beverage processing equipment; dairy processing equipment; chocolate and confectionery processing equipment; fruit and vegetable processing equipment; snacks processing equipment; and other food processing equipment. In 2023, the meat, poultry, and seafood processing equipment segment is expected to account for the largest share of the global food processing equipment market. The large share of this segment is attributed to growing meat production, high demand for processed meat products, growing focus on food safety requirements of meat processors, and consumer preference for protein-rich food products. However, the beverage processing equipment segment is projected to register the highest CAGR in the global food processing equipment market during the forecast period of 2023–2030.
Based on mode of operation, the global food processing equipment market is segmented into semi-automatic and automatic. In 2023, the semi-automatic segment is expected to account for the largest share of the global food processing equipment market. The segment’s large share is attributed to the benefits of semi-automatic food processing equipment, such as greatly improved labor productivity, flexibility in production processes, and technical & economic feasibility. However, the automatic segment is projected to register the highest CAGR in the global food processing equipment market during the forecast period of 2023–2030. The high growth of this segment is mainly driven by the increasing need for higher efficiency and improved food safety and the benefits of automatic food processing equipment, such as monitored production, reduced labor costs, automatic tracking of individual loads, no human errors, effective cleaning, and no cross-contamination.
Based on region, the global food processing equipment market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, Asia-Pacific is expected to account for the largest share of the global food processing equipment market. Asia-Pacific’s major market share is attributed to the increasing demand for processed food products in emerging and developing countries of the region, including India, China, Indonesia, and Thailand; rising investments from major food and beverage players; and government support to promote the food processing sector.
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5049
Key Questions Answered in the Report:
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research