Food Processing Equipment Market 2024 : Industry Analysis, Size, Share, Growth, Trends And Forecast

Heating and cooling applications are becoming increasingly mainstream in the food & beverages industry. Hence, manufacturers in the market for food processing equipment are increasing their efficacy in novel heat processing equipment that improve the shelf life of bakery goods. This is evident since cooling & heating systems equipment segment projected to lead the food processing equipment market. As such, the market is estimated to reach a value of ~US$ 80 Bn by the end of 2027. Thus, there is a growing demand for heating and cooling systems that destroy microorganisms or enzymes that may cause spoilage.

On the other hand, companies in the food processing equipment market are innovating in mechanical processing equipment for size reduction, size enlargements, etc. As such, size reduction equipment segment is estimated to account for a significant share of the food processing equipment market.

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F&B Manufacturers Gain Confidence with Energy-efficient Systems

Manufacturers in the food processing equipment market are introducing industry-pioneering systems that increase production efficiency and incredible ROI. Hence, end users are increasingly investing in cutting-edge systems to lower lifecycle costs and establish reliable operations. Companies in the market for food processing equipment are increasing R&D in robust design and construction of equipment to help end users gain confidence. As such, there is a growing demand for equipment that deliver high-quality products and enhance the flavor of foods.

In order to gain credibility in the highly-competitive landscape, manufacturers in the food processing equipment market are increasing their production capacities to develop systems that offer increased energy savings and effective pollution control. End users are investing in sustainable systems that benefit the environment and the bottom line of F&B producers. State-of-the-art systems are being highly publicized for reducing fuel costs and reducing water consumption. The market for food processing equipment is estimated to reach an output of ~12,470 units by the end of 2027.

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Social Initiatives Bridge Gap between Producers and Food Processing Units in India

Food processing equipment plays a pivotal role in the completion of production cycles, such as washing, mixing, and sealing F&B products. However, certain limitations in the food processing landscape are likely to slow down the growth of the food processing equipment market. For instance, the food processing equipment market in Asia Pacific is anticipated to grow at a significant rate. This is evident since India is one of Asia Pacific’s rapidly developing economy. Moreover, a significant number of individuals are employed in the agricultural sector. However, lack of adequate connectivity and insufficient raw materials pose as barrier for companies that lose out on profits.

Since India cannot afford food wastage as it is one the top countries with high prevalence of malnourished population, several initiatives by NGOs are providing connectivity between producers and food processing facilities. The market for food processing equipment is witnessing a change with the introduction of government initiatives that provide better rural connectivity.

Introduction of Post-processing Systems Propels Food Processing Equipment Market

The food processing equipment market is expected to expand at a CAGR of ~5% during the forecast period. Manufacturers are leveraging incremental opportunities with the help of preparation equipment. The demand for preparation equipment is arising from the demand for cleaning, grading, and peeling operations in the ever-growing food industry. On the other hand, manufacturers are increasing their production capacities to develop preservation equipment that employ natural and non-natural chemical substances to inhibit spoilage. This is well explained since application segment of sea foods, meat & poultry is estimated to generate second-highest revenue in the market landscape.

The demand for food processing equipment is surging, due to its demand in post-processing operations. These operations primarily involve post-processing packaging operations. Hence, manufacturers are exploring value-grab opportunities by developing advanced packaging equipment. As such, containment, convenience, and communication are becoming key focus points for stakeholders dealing with packaging equipment.

global food processing equipment market segmentation

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