According to the recent FMI report, the sales of the food processing equipment market are expected to surpass a value of US$ 69.8 Bn in 2032, rising at a CAGR of around 4.5% through the end of 2032. The growth of packing solutions that are sturdy enough to endure the rigors of manufacturing and transportation has been fueled by rising customer expectations for clean, nutritious, and safe meals. Bagging, filling, wrapping, conveying, sealing, and other all-purpose operations are becoming more popular. The market has also witnessed an increase in the for shelf-stable food goods, increasing the adoption of aseptic packaging and forming machines. Other factors influencing the food processing equipment market include increased demand for dairy, meat, poultry, and seafood products, coupled with rising awareness of food safety. Food processing is the process of converting raw ingredients into desirable food items through chemical or physical techniques. These machines can be fully or partially automated. These instruments are utilized in a variety of sectors, including seafood and meat processing, poultry farming, dairy, chocolate, vegetable and beverage processing. High-speed packaging and labelling machines are used in the dairy and meat industries. There are three types of end products: liquid, solid, and semi-solid. Key Takeaways from the Food Processing Equipment Market Study:
Europe & North America hold majority in the food processing equipment manufacturing global share
The meat, poultry, and seafood industries will account for the bulk of market share and will continue to do so for the foreseeable future.
India is estimated to be the lucrative food processing equipment market in South Asia over the forecast period
“Key players in the food processing equipment market are focusing on developments and opportunities for manufacturing of ready-to-eat food. In order to gain competitive edge, market players are spending extensively in R&D to develop novel products. Manufacturers are also concentrating on incorporating technical advancements in order to boost manufacturing efficiency.” said a lead analyst at FMI. Who is winning? Some of the leading companies operating in food processing equipment manufacturing are Tetra Pak, HOSHIZAKI Corp., Gea Group, Alfa Lavel, Krones, Middleby ,Buhler, Marel, Atlas, Pacific engineering co. inc., Welbilt, Inc., Dover, Rational AG, and others. Food Processing Equipment Market By Category By Automation type:
Automatic
Semi-Automatic
Manual
By Application:
Storage Tank