Latin America Prepared Food Equipment Market

Latin America Prepared Food Equipment Market Size, Share, Growth (2022-2027)

Latin America Prepared Food Equipment Market size was at USD 2.50 billion in 2021 and is supposed to increase to USD 4.66 by 2027, with a CAGR of 10.1% in a given forecast period

Prepared food equipment can be defined as the devices that play a crucial role in the making of ready-to-cook products like different types of snacks, sauces, baked goods, etc. These machines help improve the manufacturing process and produce bulk food products in less time.

Latin America Prepared Food Equipment Market Recent Developments:

• In November 2020, GEA sold two companies that were part of the Group's Farm Technologies division, and now they become an integral part of Mutares SE & Co. KGaA (Germany), which offers its services mostly to North American consumers.

• In October 2017, Middleby Corporation published about its purchase of Globe Food Equipment Company, a well-established company in slicers and mixers for the commercial foodservice sector. Headquartered in Dayton, Ohio, the company has annual sales of approximately $ 50 million.

Latin America Prepared Food Equipment Market Drivers and Restraints:

Increasing technological advancements in automation, growing investments in food processing equipment, and growing demand for advanced, productive, and efficient machinery are widely regarded as the driving force behind the market for prepared food equipment in Latin America. The wide availability of meals prepared through an integrated processing and handling system is driving the local market for food preparation equipment. Prepared food equipment reduces manufacturing cost. Recent trends in the efficiency of food production with minimal processing time, the growth of the automation industry, and the demand to maintain food quality are supposed to drive the Latin American prepared food equipment market. The growing demand for packaged foods, prepared meals, snacks, and savory products, as well as meat and seafood products, is expected to drive the growth of the business in the coming years. The prepared food equipment is designed to provide fresh and safe food. The equipment is designed with conveyor belts, stands, washers, peelers, blades, coolers, mixers and fillers. Prepared food equipment is also involved in food processing, pretreatment, and packaging. The semi-automation technique of prepared food equipment increases the efficiency of food packaging and saves time and increases productivity. Increasing investments in R&D for faster packaging and demand from busy lifestyles to consume packaged foods could drive the market for prepared food equipment.

Latin America Prepared Food Equipment Market Segmentation

• by type

• mode of operation

• application

Depending on the type

• pre-processing

• processing

• packaging

The pre-processing is further segmented

• sort

• sort

• mix

• cut

Processing is further segmented

• blanching

• cooking

• seasoning

• coating

Depending on the mode of operation,

• semi-automatic,

• manual and automatic

based on its application

• bakery snack

• savory products

• meat

• seafood products

Impact of COVID-19 on Latin America Prepared Food Equipment Market

The rapid spread of Coronavirus has caused serious market ambiguity in the equipment manufacturing industry around the world. Despite the closure of large companies, governments take preventive measures such as the removal of civilians and workers to mitigate the spread of COVID-19, thus minimizing the risk of being affected. Manufacturing of food processing equipment has declined due to an impulsive phase of lockdown around the world. This led to the cessation of the production of machinery and food processing methodologies. However, after the sudden spread of the pandemic, disrupted international trade has severely affected the market for food processing equipment and technology. Foreign direct investment (FDI) initiated in the Middle East and Africa, and in Latin American countries are greatly affected, the GDP of these countries has fallen more than usual (the GDP of Saudi Arabia is -2.3 and that of Brazil of -5.3).

Latin America Prepared Food Equipment Market Regional Analysis

• Mexico

• Brazil

• Peru

• Chile

Consumers in urban areas in Brazil and Mexico are more inclined to packaged foods due to their better lifestyles and higher incomes. Several global food processing companies are making significant investments in the food industry as a result of the new FDI law, providing ample growth opportunities in this market.

Latin America Prepared Food Equipment Market Key Players

1. GEA Group AG

2. Hup Sheng Machinery & Industry Sdn Bhd

3. Alfa Laval AB

4. The Bühler Holding AG

5. The Middleby Corporation

6. Marel

7. Hughes Equipment Company, LLC

8. Manitowoc Foodservice