Food Processing and Handling Equipment Market

Food Processing and Handling Equipment Market Size, Share, Growth (2023-2028)

Food Processing and Handling Equipment Market Size is USD 144.26 billion in 2023 and will reach a valuation of USD 193.97 billion by 2028 at a CAGR of 6.10% 

Food Processing and Handling Equipment Market Overview:

Food processing and handling equipment transform raw food ingredients into food through a variety of physical and chemical means. Food processing and handling equipment is available in a wide range of categories including tumble dryers, chillers, deep fryers, feeders, mixers, mills, toasters, homogenizers, separators, slicers, and ovens. The technique consists of 3 stages, the first of which is sorting, grading, heating, milling, and processing. The next stage is the service team where the preparation, cooking, and finishing of the restaurant are carried out, and the final stage is the filling, carbonated, packaging, and palletizing process of this equipment. This food processing and handling equipment is used in a variety of industries, including dairy, industrial bakery, poultry farm, seafood industry, chocolate-making equipment, confectionery, beverage industry, milk, fruits, nuts and vegetables. Stainless steel is among the main elements that are extensively employed in the food processing and handling equipment business. 304SS and 316SS are among the most preferred types of stainless steel alloys in food processing devices. While continually improving security through automation, equipment manufacturers will help trace items throughout the value chain. Detection and measurement technology improve safety testing, and improved use of robot handling and packaging reduces human contact with food, reducing the potential for contamination.

Recent Developments in Food Processing and Handling Equipment Industry:

• On January 13, 2020, the Middleby Corporation acquired RAM Fry Dispensers, a division of Automated Equipment LLC, located in Red Wing, Minnesota, USA.

• In 2019 Krones AG invested around $ 45 million in its new production facility in Debrecen, Hungary, to manufacture machine parts and assembly line parts.

• In November 2019, Alfa Laval AB opened a 2,000-square-meter innovation and testing center in Soborg, Denmark, to develop, test and optimize the next-generation jug and strengthen its global position in the food and water sector.

• In March 2018, Marlen International, Inc. launched new Afoheat, Carruthers and Unitherm food processing equipment at Anuga FoodTec, Germany.

REPORT COVERAGE:

Food Processing and Handling Equipment Market Growth:

Advances in the food processing industry, innovations in processing technology, and continued growth in demand for processed foods are some of the factors that are supposed to support the growth of the food processing and handling equipment market in the future.

Food Processing and Handling Equipment Market Drivers:

The availability of raw materials, changes in lifestyle and the need to offer a wide variety of food products at a lower cost, technological innovation is one of the key aspects promoting the boom of the global market for food processing and handling equipment.

Among the various food processing and handling equipment, the market for bakery and pasta equipment is growing rapidly. Increasing personal income levels increase investment in this equipment. Food demand is on the rise due to population growth in Asia-Pacific countries and frequent changes in personal food preferences. This changing trend has increased investment in food processing and handling equipment. Due to technological developments with respect to cutting, slicing, and grinding equipment, many producers in the food industry are replacing older machines with new ones. Factors such as rising disposable income levels, rapid globalization, and the adoption of automated technology are driving the growth of this market.

As the demand for processed and packaged foods increases with population growth, the pressure on the processing industry will increase, contributing to the expansion of this market. Changes in health and diet awareness in developing countries, as well as in developing countries, are expected to spur market growth in the coming years. Additionally, several government agencies are encouraging food processing and handling equipment manufacturers to strengthen their R&D capabilities, which can promote market growth. Automatic equipment has been in greater demand in recent years than semi-automatic machines. Industry 4.0 and the green revolution in manufacturing favor automation in the food processing industry it is also supporting market growth. Additionally, growing awareness of food safety and quality has increased manufacturers' adoption of advanced technology and equipment, ultimately revitalizing the global market for food processing and handling equipment over the projection period.

Food Processing and Handling Equipment Market Restraints:

Considering strict demand and government regulations, the high cost and high investment required to purchase equipment have been established as key industry constraints. If there is not enough connectivity and no enough raw materials, it is a barrier for companies to lose profits. Due to the limited consumption of small and medium food processing and handling equipment companies, they have favored cheap products with manual and semi-automatic functions. This has brought direct challenges to the growth of the global food processing and handling equipment market.

Food Processing and Handling Equipment Market Segmentation Analysis:

By Type:

• Food Processing Equipment

• Food Packaging Equipment

• Food Service Equipment   

By Application:

• Food & Beverages   

• Dairy Products       

• Meat and Seafood   

Food Processing and Handling Equipment Market Regional Analysis:

• North America - the United States and Canada

• Europe - United Kingdom, Spain, Germany, Italy, and France

• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia

• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM

• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Asia Pacific is estimated to be the fastest-growing area in the market, followed by Europe and North America. The Asia Pacific region is expected to experience a sharp increase in demand for high-end food processing machinery to help to reduce processing time and improve manufacturing operating efficiency. The presumed increase in the number of food processing units in the region is likely to facilitate the supply and consumption of food and beverage processing and handling equipment. Food processing sectors in nations like China, India, Australia and New Zealand are based on exports. Furthermore, processing countries are the most important in these countries because they focus on technology adoption and automation.

This is foreseen to have a positive impact on the local food processing and handling equipment business. In North America, the United States is the most significant market for food processing equipment. Increased awareness of investments in research and development in novel foods, economic growth and food processing and handling equipment are a few of the key reasons to encourage the food processing and handling equipment industry in Europe.

Food Processing and Handling Equipment Market Key Players in the Market:

Major Key Players in the Global Food Processing and Handling Equipment Market are

1. GEA (Germany)

2. Buhler Ag (Switzerland)

3. Alfa Laval (Sweden)

4. JBT Corporation (United States)

5. SPX FLOW (United States)

6. Robert Bosch (Germany)

7. IMA Group (Italy)

8. Middleby Corporation (United States)

9. Dover Corporation (United States)

10. Multivac (Germany)

11. Welbilt, Inc. (United States)

12. Electrolux (Sweden)