Food Processing and Handling Equipment Market Size to Hit $163.23 Billion by 2030 | exhibiting a CAGR of 5.5%
The global food processing and handling equipment market size was valued at USD 106.89 billion in 2022 and is projected to reach USD 163.23 billion by 2030. The global market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period 2023-2030.
Pune, India, Nov. 30, 2023 (GLOBE NEWSWIRE) — The global food processing and handling equipment market size was valued at USD 106.89 billion in 2022 and is projected to reach USD 163.23 billion by 2030. The global market is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.5% over the forecast period 2023-2030. This vital information is presented by Fortune Business Insights™, in its report titled, “Food processing and handling equipment Market, 2023-2030.” The food processing and handling equipment is primarily utilized for processing dairy, seafood, bakery, meat, and other products from their raw form to the final products. Various companies focus on integrating advanced concepts such as IoT to improve user experiences.
Market Drivers and Restraints:
Combination of Robotics Technology and High-end Automation in Manufacturing to Boost Market Development
The manufacturers in the industry are trying to teach and incorporate ultra-modern automation and are also motivated to bring AI technologies and IoT to execute robotics in manufacturing facilities. The manufacturer is more interested in performing remote maintenance, self-diagnosis, and product monitoring in manufacturing facilities to escalate operational efficiency and develop food processing and handling operations. The rising urban population in various places and the adoption of a fast-paced urban lifestyle encouraged the manufacturing, popularity, and consumption of ready-to-eat food products.
However, various governments & food organizations globally are implementing stringent laws & strict regulations about food processing and handling hygiene due to the rising number of foodborne diseases and the COVID-19 pandemic.
Market Opportunities:
The opportunities in the Food Processing and Handling Equipment Market arise from the growing demand for processed and convenience foods, advancements in automation and packaging technologies, and the increasing focus on food safety. Expansion in emerging markets, customization of equipment, and adoption of Industry 4.0 principles present avenues for market players. Strategic collaborations and innovation can further drive market growth.
Market Challenges:
The challenges in the Food Processing and Handling Equipment Market include stringent hygiene and safety regulations, high capital investments for advanced equipment, and the need for continuous technological upgrades. Fluctuating raw material prices, supply chain disruptions, and the evolving consumer preferences pose obstacles. Overcoming these challenges requires adherence to industry standards, sustainable practices, and strategic investments for staying competitive.
Industry Development:
March 2020: Kanchan Metals, a major food processing equipment manufacturer and distributor, has launched a pallet fryer line machine. This fryer machine is able to perform pre-fry operations for potato chips and other dry snakes.
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Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 5.5% |
| 2030 Value Projection | 163.23 billion |
| Base Year | 2022 |
| Food Processing and Handling Equipment Market Size in 2022 | 106.89 billion |
| Historical Data for | 2019-2021 |
| No. of Pages | 140 |
| Segments covered | By Equipment, By Application, By Region |
COVID-19 Impact:
Growing Food Safety Management Concerns Hindered Market Growth During Pandemic
The recent COVID-19 pandemic hindered market growth due to the decline in the manufacturing units and food industry. Increasing awareness among people regarding the hygiene design and engineering of the packaging equipment and food processing through guidelines, laboratory testing methods, educational programs, and related topics hampered the food processing and handling equipment market share.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/food-processing-and-handling-equipment-market-101701
Report Coverage:
- It assimilates key market drivers and restraints.
- It profiles the rankings of key market players accordingly.
- It includes key market developments and information on different market segments.
- It provides a comprehensive market assessment.
- It assesses the COVID-19 pandemic’s impact on the market.
Food Processing and Handling Equipment Market Segmentation Analysis:
Introduction of Automation Technologies to Boost Market Growth
On the equipment type, the food processing and handling equipment market is divided into packaging equipment, service equipment, and processing equipment. Packaging equipment is divided into Bottling, Filling, Labelling, Case Cartoning, and Palletizing. In contrast, service equipment is divided into cooking & preparation equipment, ware washing equipment, refrigerator equipment, storage and handling equipment, and others. Processing equipment is estimated to grow in the near future due to its increasing demand across the food and beverages industry.
Increasing Consumption of Bakery Products to Drive the Market Growth
Bakery and confectionery food products are anticipated to show growth in several countries, such as Germany, the U.K., and France, as bread and other related bakery products are eaten as a staple food across the region. The increasing utilization of dairy products across the Asia Pacific is anticipated to boost market development during the forecast period.
Regional Insights:
Inclination towards Convenience Food to Drive Market Growth in Asia Pacific Region
Asia Pacific is anticipated to show dynamic growth in the global market. The growing preferences of people towards convenience food & instantly processed food drive the food processing and handling equipment market growth. China is the most populated country worldwide, which makes it the biggest contributor to the food and beverages industry. Moreover, the country ranks first as the importer of agricultural products.
The demand for food servicing and packaging processing equipment is anticipated to witness progressive market growth in the North American region. Europe is expected to witness subsequent increasing market growth due to the increasing investments in expanding production facilities across the region. Germany is superior in the region, followed by U.K. and France.
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Competitive Landscape:
Innovative Launch Operations by Key Players to Boost Market Growth
Players in the market have launched new techniques in the market to boost the market growth with their solutions and to elevate the competition in the market. It includes launching new patterns, such as investments and new and advanced products. Companies have been applying new plans, such as partnerships and mergers, to support their position in the market.
A List of Key Manufacturers Operating in the Global Market:
- Buhler Ag (Switzerland)
- JBT (U.S.)
- I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.p.A. (Italy)
- Tetra Pak International S.A. (Tetra Laval) (Switzerland)
- The Middleby Corporation (U.S.)
- Welbilt (U.S.)
- Krones AG (Germany)
- GEA Group Aktiengesellschaft (Germany)
- ALFA LAVAL (Sweden)
- Dover Corporation (U.S.)
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Table of Content:
- Introduction
- Definition, By Segment
- Research Methodology/Approach
- Data Sources
- Executive Summary
- Market Dynamics
- Macro and Micro Economic Indicators
- Drivers, Restraints, Opportunities and Trends
- Impact of COVID-19
- Short-term Impact
- Long-term Impact
- Competition Landscape
- Business Strategies Adopted by Key Players
- Consolidated SWOT Analysis of Key Players
- Global Food Processing and Handling Equipment Market Key Players Market Share Insights and Analysis, 2022
- Business Performance Dashboard of Key Players
- Global Food Processing and Handling Equipment Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2019-2030
- Key Findings
- By Equipment Type (USD)
- Processing Equipment
- Pre-processing Equipment
- Processing Equipment
- Packaging Equipment
- Filling
- Bottling
- Case Cartooning
- Labelling
- Palletizing
- Service Equipment
- Cooking & Preparation Equipment
- Refrigeration Equipment
- Ware washing Equipment
- Storage & Handling Equipment
- Others (Serving Equipment, etc.)
- Processing Equipment
- By Application (USD)
- Bakery & Confectionery Products
- Meat & Poultry Products
- Dairy Products
- Beverages
- Others (Grain, Fruit, and Nut & Vegetable)
- By Region (USD)
- North America
- Latin America
- Europe
- Middle East & Africa
- Asia Pacific
Continued…
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