Food Processing Equipment Market Size, Share & Trends Analysis Report By Type, By Mode of Operation, By Application (Meat, Poultry, Seafood, Bakery, Confectionery), And Segment Forecasts, 2018 - 2025

Industry Insights

The global food processing equipment market size was valued at USD 52.74 billion in 2017 and is estimated to witness a CAGR of 6.2% over the forecast period. Rapidly expanding the F&B sector across the globe is anticipated to drive the market.

Factors such as rising disposable income levels, rapid globalization, and adoption of automated technologies, trigger the growth of this market. Growing pressure on the processing industry due to increasing demand for processed and packaged food products as a result of the rising population will contribute to the market expansion.

Rising health consciousness and dietary shifts in developed, as well as developing regions are also estimated to boost the market growth in the years to come. Also, various government organizations are encouraging the food processing equipment manufacturers to enhance their R&D capabilities, which is also likely to fuel market growth.

The automatic equipment has witnessed higher demand in recent years as compared to semi-automatic machinery. Industry 4.0 and the green revolution in the manufacturing sector favors automation in the food processing industry. This is also supporting the market growth. Food standards and safety are the ace target for the value chain participants and they need to follow stringent government regulations and standards for it.

Mode of Operation Insights

Based on the mode of operation, the global market is bifurcated into automatic and semi-automatic. Although the market is led by the automatic segment, earlier manufacturers used to prefer semi-automatic equipment. This was due to the high costs associated with automatic machinery and lesser demand for processed foods. However, after digitization of the industry, manufacturers are focusing more on automation in the process to increases efficiency and quality of the product. Manufacturers offer automated operational systems for the production of equipment to have a competitive advantage in the market.

Type Insights

Technological advancements, in terms of operations and software, allow the manufacturers to offer a range of functions in a single unit. The processing equipment was the dominant type segment in 2017 and accounted for 52.1% of the global market share. It is expected to emerge as the fastest-growing segment with a CAGR of 6.5% over the forecast period.

The machinery units in this include forming, extruding, drying, cooling, freezing, coating, thermal, homogenization, and filtration. Recent advances in the machine and equipment sector are expected to revolutionize the industry and drive the segment growth. The global food processing equipment market constantly requires efficient and effective solutions for all the complex manufacturing operations.

Application Insights

Based on application, the market has been categorized into bakery and confectionaries, meat, poultry, and seafood, beverage, dairy, fruit, nut, and vegetable, grains, other. Rapid urbanization and increasing consumer disposable income levels in emerging regions have supported the demand for processed food, thereby propelling the market.

Meat, poultry, and seafood segment led the application segment in 2017 occupying a significant share of the market. It is expected to register a CAGR of 7.2% over the forecast period. Beverage application is expected to be the second-largest segment with a CAGR of 6.9% over the coming years.

Regional Insights

Europe, one of the prominent regions, is likely to witness significant growth in the future owing to demand high-quality systems. However, Asia Pacific is expected to be the dominant regional market over the forecast period. The economic performance of China with large-scale investments in technology and research favors the region’s growth. China is expected to undertake massive changes in its food and beverage industry, to overcome the challenges including economic disparity and increasing urbanization. In terms of revenue, Asia Pacific accounted for 35.21% of the global share in 2017 and is expected to witness a CAGR of 8.2% in the forecast period.

Food Processing Equipment Market Share Insights

A few multinational companies dominate the industry and are majorly concentrated in North America and Europe regions. Manufacturers focus majorly on the development, in terms of technology and industrial processes and operations to strengthen their position. Thus, most of the major companies invest more in R&D facilities to introduce innovative designs along with enhanced capacities.

Report Scope

Segments Covered in the Report:

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the global food processing equipment market report based on the mode of operation, type, application, and region:

• Mode of Operation Outlook (Revenue, USD Billion, 2014 - 2025)

  • Semi-automatic

  • Automatic

• Type Outlook (Revenue, USD Billion, 2014 - 2025)

  • Processing

  • Pre-processing

• Application Outlook (Revenue, USD Billion, 2014 - 2025)

  • Bakery & Confectionery

  • Meat, Poultry, & Seafood

  • Beverage

  • Dairy

  • Fruit, Nut, & Vegetable

  • Grains

  • Other

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • U.K.

    • Italy

  • Asia Pacific

    • China

    • Japan

    • South Korea

    • India

    • Australia

  • Central & South America

    • Brazil

  • The Middle East and Africa

    • South Africa