Europe Prepared Food Equipment Market size is expected to grow at a higher pace in the forecast period 2022 - 2027.
The equipment necessary for food preparation is known as food preparation equipment and is widely used in applications such as snacks and salty products, dairy and refrigerated products, bakery and pastry products, ready-to-eat products and dishes, dressings, and condiments, etc. The growing demand for prepared meals among the working population will play a driving role for the prepared food equipment market during the forecast period.
In December 2020, GEA, the agriculture arm of Germany's food and pharma engineering group, decided to continue supply dairy farm equipment. This company also sold milk tanks and barn equipment units to German private equity. Mutares SE & Co. KGaA (Germany) will be a part of offering a wide range of manure handling products.
In October 2020, Alfa Laval, a world leader in heat transfer, centrifugal separation, and fluid handling, opened an innovation center for fluid handling technology in Kolding, Denmark. This is anticipated to strengthen the global business position in the food and pharmaceutical sectors that are important growth factors for market growth. The goal of the new Application and Innovation Center is to accelerate the development of new product innovations in hygienic fluid processing technology (including pumps, valves, cleaning, and mixing equipment).
In April 2019, Tetra Pak announced the launch of a connected packaging platform. Cartons will play a major role as full-scale data carriers and digital tools. This will bring new benefits to food producers and retailers by adopting new technologies like code generation, digital printing, and data management.
There is increased demand for packaged foods, and growing investment in food packaging are major factors driving the growth of the prepared food equipment market. Increasing technological advances and growing investments in feed, coupled with increasing demand for advanced, productive, and efficient machinery, are fueling the growth of the prepared food equipment market. Increasing the efficiency of food packaging also saves time and increases productivity. Increasing technological advances in automation coupled with decreasing lead times in the production process are accelerating the growth of the prepared food equipment market in Europe. The growing corporate culture in developing countries and the lack of time to prepare traditional foods are helping to stimulate demand for other types of food processing equipment. The growing influence of urbanization, corporate culture, and nuclear families increases the demand for productive products and efficient advanced machinery, and this is driving the growth of the prepared food equipment market. Infrastructure challenges and rising manufacturing costs, as well as the cost factor of installing new prepared food equipment, are some factors hindering the growth rate of the market. The low availability of qualified personnel to operate this type of modern equipment is also limiting the growth of the market.
The market segmentation for Europe Prepared Food Equipment can be divided into Type, Mode of Operation, and Application.
Based on the mode of operation, Europe prepared food equipment market is segmented into semi-automatic, manual and automatic. The semi-automatic segment had the largest share of the prepared food equipment market in 2019 and is expected to grow at a CAGR of 4.04% over the 2020-2025 forecast period. The growth of this segment can be attributed to technological developments; Small package sizes, changing consumer preferences, and decreased lead times in the production process are important factors influencing the growth of the prepared food equipment market. However, the automatic segment is expected to grow at the highest CAGR over the 2020-2025 forecast period due to ease of use and increased production of food products in less time.
Based on the Application, Europe prepared food equipment market is divided into Snack & Savory Products and Meat & Seafood Products. The Snack & Savory segment had the largest share of the prepared food equipment market in 2019 and is expected to grow at a CAGR of 2.34% over the 2020-2025 forecast period. The growth of this segment is due to changing consumer preferences towards sandwiches and salty foods and the increasing interest of consumers with the increasing demand for personalized foods with specific ingredients.
Based on the type, Europe prepared food equipment market is categorized into Packaging, Processing, and Pre-processing. The packaging segment is holding with the dominant shares of the market. The rising prevalence for the adoption of the latest technologies and increasing demand for the processed food are greatly influencing the demand of the market.
COVID 19 is a deadly disease that ruined many lives in distinct ways. The prepared food equipment market has seen declined growth rate in the first half of 2020. Europe is widely disrupted with the spread of COVID 19. The government has imposed a lockdown and ban on flights to curb the spread of the COVID 19. All the restaurants and food stores were shut down during this time. Also, the supply chain and manufacturing units were closed for some months in 2020. Key players are targeting to increase the production units by adopting the latest equipment, which is greatly influencing the market shares to grow high. By 2021, the market shares to level up at a higher rate.
The Europe Prepared Food Equipment Market has been divided into the United Kingdom, Germany, France, Italy, Spain, and the rest of Europe. The growing demand for ready-to-eat and prepared meals in the UK, Germany, and France will increase demand in Europe during the forecast period. Furthermore, the growing number of food processing facilities in the region is expected to provide opportunities for key players operating in this market. Food manufacturing companies are making significant investments to expand their production capabilities to meet the demands of the fastest-growing consumers. For example, in November 2019, Kellogg's announced an investment of approximately $ 121.5 million to expand its Pringles plant in Poland.
Berkshire Hathaway had the largest share of the Europe Prepared Food Equipment Market in terms of sales revenue in 2021.
The Europe Prepared Food Equipment Market is concentrated with well-established players. Key players in the Europe Prepared Food Equipment Market include Tetra Laval International SA, Mallet & Company, Berkshire Hathaway, Nichimo Co., Hosokawa Micron, Bucher Industries, and others.
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