Meticulous Research®—a leading global market research company, published a research report titled “Plant-based Food Processing Equipment Market by Type (Dryers, Mixers & Grinders, Pasteurizers); by Mode of Operation (Semi-automatic, Automatic); by Production Facility Size (Small & Medium Scale, Large Scale); and Geography - Global Forecasts to 2030”.
According to this latest publication from Meticulous Research®, the plant-based food processing equipment market is projected to reach $7.79 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. The growth of this market is mainly driven by factors such as the increasing demand for plant-based foods, innovations in plant-based food processing equipment, and increasing investments in the plant-based food processing industry. However, the high cost of food processing equipment restrains the growth of this market. Plant-based food processing equipment can be more expensive than equipment used for animal-based foods, which can be a barrier to entry for smaller producers or startups.
The global plant-based food processing equipment market is segmented by type (dryers, mixers & grinders, extruders, pasteurizers, ovens, formers, homogenizers, and other plant-based food processing equipment); mode of operation (semi-automatic and automatic); production facility size (small & medium-scale production facilities and large-scale production facilities); and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on type, in 2023, the dryers segment is expected to dominate the global plant-based food processing equipment market. The dominant position of this segment is attributed to benefits offered by dryers, such as improved hygiene & the quality of final products. By removing moisture from ingredients, these dryers can improve the quality, texture, and flavor of the final product while reducing waste and increasing production efficiency. In addition, the growing need for advanced equipment to replace traditional drying techniques also contributed to the growth of this segment.
Based on mode of operation, the automatic segment is expected to register a higher CAGR during the forecast period. The growth of this segment is attributed to the growing need to increase productivity, the rising demand for highly efficient systems, and the increasing focus on reducing labor costs. Automatic plant-based food processing equipment can ensure consistent results in terms of texture, flavor, and appearance. This is especially important for food manufacturers who need to produce large quantities of plant-based products with the same quality every time.
Based on production facility size, in 2023, the small & medium-scale production facilities segment is expected to account for the larger share of the global plant-based food processing equipment market. The large market share of this segment is attributed to increased government support for developing small-scale processing enterprises and the increasing number of SMEs offering plant-based food products. In addition, the benefits offered by plant-based food processing equipment, such as increased productivity, reduced labor costs, and high profitability, drive their adoption in small & medium-scale production facilities.
Based on geography, in 2023, North America is expected to account for the largest share of the global plant-based food processing equipment market. The large share of this market is majorly attributed to the presence of major plant-based food manufacturers, the increasing number of plant-based food SMEs, the growing adoption of vegan food products, and rising R&D investments in plant-based food processing equipment. In addition, technological advancements and the growing need for automation in processing equipment are expected to drive the demand for plant-based food processing equipment in the region.
The plant-based food processing equipment market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the plant-based food processing equipment market are Alfa Laval AB (Sweden), amixon GmbH (Germany), ANDRITZ AG (Austria), Bühler Group (Switzerland), Coperion GmbH (Germany), Clextral SAS (France), Duravant LLC (U.S.), Flottweg SE (Germany), GEA Group Aktiengesellschaft (Germany), Marel hf. (Iceland), SPX FLOW, Inc. (U.S.), and Tetra Pak (Switzerland).
Download Free Sample Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5493
Key Questions Answered in the Report-
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research