USD 130.6 billion
Report ID: SQSG20H2007 | Region: Global | Published Date: November, 2022 | Pages: 265 | Tables: 161 | Figures: 78
Food Processing And Handling Equipment Market size was valued at USD 130.6 billion in 2021 and is poised to grow from USD 138.44 billion in 2022 to USD 233.88 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).
Food processing and handling equipment demand is increasing as the food industry expands, owing to increased consumption of foods such as meat products, bakery and confectionery products, prepared food, and convenience food. Non-thermal processing is another new technology being developed to help the manufacturing process by reducing production time, ingredient and food waste, and overall cost. Food processing industry advancements, processing technology innovation, and continuous growth in processed food demand are some of the factors expected to support the growth of the food & food processing and handling equipment market. Manufacturers are expected to adopt new equipment to meet the demand for healthy functional foods and beverages due to the growing preference for healthy food and functional foods. The expansion of food manufacturing capacity and the expansion of the food processing industry in emerging economies will also support the growth of the food processing and handling equipment market.
US Food Processing And Handling Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 130.6 billion
To get more reports on the above market click here to Buy The Report
Global food processing and handling equipment market is segmented based on type, equipment, operation, application, end product, and region. Based on type, market is segmented as food processing equipment, food service equipment, and food packaging equipment. Based on equipment market is segmented as size reduction equipment, size enlargement equipment, homogenizers, mixers & blenders, cooling & heating systems, cleaning systems, fermenter, sorters & graders, others. Based on operations market is segmented as automatic, semi-automatic, manual. Based on application market is segmented into bakery & confectionery, meat & poultry, fish & seafood, dairy products, alcoholic beverages, non-alcoholic beverages, grains and cereals, fruits and vegetables, ready-to-eat meals, sauces, dressings, condiments. Based on end product market is segmented into solid, liquid, semi-solid. Based on region market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa.
Food Processing And Handling Equipment Market Analysis by End Product:
In 2021, the solid segment is expected to hold the largest share of the food processing and handling equipment market.
Owing to rising consumption of solid food products such as bread, processed meat, and processed vegetables in regular diets, the solid segment dominated the global food processing & handling equipment market. Changing consumer preferences and the adoption of upgraded technologies to extend product shelf life are also driving solid segment growth. Customizations and innovations in the bakery and dessert industries, as well as rising demand for processed fruit and vegetable products, present enormous opportunities for manufacturers to expand in the food processing & handling equipment market.
To get detailed analysis on other segments, Request For Sample Report
Based on region global food processing and handling equipment market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa. Asia Pacific had the highest revenue share of 37.21 percent in 2020 and is expected to grow the fastest during the forecast period. Because the Chinese market has a large number of players, product innovation and strategic alliances are critical success factors for Chinese players. New product innovations, developments, and the introduction of advanced technologies provide advantageous opportunities for food manufacturers, propelling market growth in recent years. The United States is one of the most urbanized countries, with approximately 80% of its population residing in cities. This has influenced food preferences, which has aided the expansion of the food processing industry. However, as a mature market, product demand is expected to grow slowly over the forecast period.
The demand for food processing and handling equipment is expected to have progressive market growth across North America. This factor was mainly due to the swiftly developing food & beverage industry and changing consumer preference for frozen food products.Europe is anticipated to witness significant cumulative market growth over the forecast period due to increasing investments in expanding production facilities across the region.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Food Processing And Handling Equipment Market Drivers
The demand for hygienic food product across the urban population will propel the growth of the market.Adopting a fast-paced urban lifestyle induced the popularity, manufacturing, and consumption of ready-to-eat food products is the another major reason for the growth of the market.
Food Processing And Handling Equipment Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The global food processing and handling equipment market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.
Top Players in the Global Food Processing and Handling Equipment Market
Food Processing And Handling Equipment Market Recent Developments
In January 2023, JPG Resources, a food and beverage innovation and commercialization group, has acquired the research and development team of RodeoCPG, a Brooklyn, NY-based strategic sales agency focused on supporting consumer brands at retail.
In December 2022, NY. — Baked beans maker Bush Brothers & Co., Knoxville, Tenn., has acquired the Westbrae Natural brand of The Hain Celestial Group, Inc. Financial terms of the acquisition were not disclosed.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global food processing and handling equipment market analysis, these systems are widely used in a variety of applications, including bakery and confectionery, meat, seafood, poultry, dairy, and grains, due to inherent advantages such as quality control, durability, hygiene, and preservation. The product is gaining traction in end-use industries, particularly in Asia Pacific, where rising domestic manufacturing and consumer income levels are driving innovation in this sector.
|Market size value in 2021||USD 130.6 billion|
|Market size value in 2030||USD 138.44 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Food Processing And Handling Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Food Processing And Handling Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Food Processing And Handling Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Food Processing And Handling Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.