North America Food Processing and Handling Equipment Market were worth USD XX million in 2020, so it is estimated to reach USD XX million by 2026, growing at a CAGR of XX%. Food processing is carried out for various reasons, one of which is to extend the shelf life of food goods while keeping the flavor, appearance, and freshness of certain foodstuffs that are otherwise unpalatable yet nutritional. In addition, these items are implemented to allow easy tracking of commodities along the supply chain while assuring limited or no human interference and sanitation of the entities because of automated processes. Increased demand for food processing and handling equipment market due to increasing population and people being exposed to better and a wide variety of food items drives the food processing and handling equipment market, increased productivity, focus on food safety, and adaptation of modern techniques market drivers.
Recent Developments
The Middleby Corporation bought RAM Fry Dispensers, a branch of Automated Equipment LLC based in Red Wing, Minnesota, on January 13, 2020.
Krones AG invested around $ 45 million in its new production plant in Debrecen, Hungary, in 2019 to manufacture machine parts and assembly line parts.
Alfa Laval AB opened a 2,000-square-meter innovation and testing center in Soborg, Denmark, in November 2019 to develop, test, and optimize the next-generation jug and expand its global position in the food and water sectors.
Marlen International, Inc. debuted new Afoheat, Carruthers, and Unitherm food processing equipment at Anuga FoodTec in March 2018.
Market Growth
Drivers
The increasing popularity of processed foods, which has prompted manufacturers to seek out better technologies and processes, will provide new opportunities for the food processing & handling equipment market during the projected 2022 - 2027. Food processing and handling equipment makers expect to improve food safety by tracking food throughout the value chain. Customers' post-purchase innovative services are a priority for equipment makers. Convenience meals are predicted to rise rapidly shortly due to the dual-income households that choose the fast-paced metropolitan lifestyle. Increasing R&D investments in food processing technology are expected to promote market expansion. Investments in IoT and AI integration and their incorporation in food processing and handling equipment would provide good market potential.
Restraints
The high cost of equipment and the high cost of maintenance is a crucial barrier that may limit market expansion to some extent. Furthermore, the health risks of consuming some processed food products, the rising trend of making food items at home that are similar to processed food products but healthier, and the growing number of health-conscious people could reduce reliance on processed food hampered market growth.
Market Segmentation
The North America Food Processing and Handling Equipment Market are segmented by Type and Application.
By Type
The market is categorized into Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment. The Food Processing Equipment sector had the highest market share in 2020 and is expected to be the leading segment between 2021 and 2026. This expansion is attributed to the rising processability of homogenizer devices for alcoholic drinks and increasing product advancements to give modern and efficient techniques to culinary producers. In addition, implementing innovative strategies for conveying, shredding, and covering is propelling the Food Processing & Handling Equipment Market forward. The Foodservice Equipment segment accounted for the second-largest share in 2020, attributed to rising demand for refrigeration and storage equipment and an increasing desire for food processing and handling equipment for professional kitchens, eateries, and hotels.
By Application
The market is further segmented into Food & Beverages, Dairy Products, Meat and Seafood, and others. The Bakery & Confectionery Commodities segment accounted for the largest in 2020 due to factors such as rising adoption of processing facilities such as industrial ovens, mixers, blenders, and cutters for manufacturing bakery & confectionery products, and increased investment by prominent stakeholders in incorporating innovative food processing & handling equipment for confectionery product lines. In addition, the rising popularity of novel bakery products such as pastries and chocolate-coated donuts propels the Food Processing & Handling Equipment Market forward. On the other hand, alcoholic beverages are anticipated to witness the fastest segment between 2021 and 2026. This expansion can be attributed to causes such as increased commercial availability of homogenizer equipment for alcoholic drinks, more excellent knowledge among food makers about the need for pasteurization, and the presence of diverse food processing and handling equipment.
Regional Analysis
Geographically the North America Food Processing and Handling Equipment Market is segmented into US, Canada, Mexico and Rest of North America.
The segment for food processing and handling equipment is predicted to increase gradually across North America. This is due to the rapidly evolving food and beverage business and shifting customers' preferences for frozen foods. In addition, the growing number of food production units in the United States is also predicted to boost regional market growth.
Impact of COVID-19 on North America Food Processing and Handling Equipment Market
The current COVID-19 epidemic has harmed the manufacturing and food industries, as well as worldwide trade. Therefore, personal hygiene norms must be emphasized in the food sector, and personnel must be trained. Governments promote sanitary design and engineering of food equipment through documents, guidelines, educational programs, laboratory testing procedures, and preparing materials for a clean environment and associated themes. This creates a sense of urgency among these equipment manufacturers and operators to take personal precautions. Efficient staff sanitary measures are implemented to enhance food sector resilience, resulting in mild continuous issues with the COVID-19 condition.
Key Players
Major Players in the North America Food Processing and Handling Equipment Market are
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