Global Food Processing Equipment Market
Worth 74.019 Billion USD By 2022
The Global Food Processing Equipment Market will grow at a CAGR of 6.1%
from 2017 to 2022 to reach USD 74.019 billion by 2022, according to the latest
publication from Meticulous Research®. The global food processing
equipment market is driven by the increasing consumer demand for processed
food, focus on food safety and safety of workers, growing need to increase
productivity, increasing focus of food manufacturers to reduce production cost,
and government support to promote food processing sector. In addition, emerging
economies such as Latin America, South East Asia, and Africa provides
significant opportunity for the manufacturers in the global food processing
equipment market. However, high cost of equipment and increasing inclination
towards consumption of minimal processed food restrict the growth of this
market to some extent.
Key
Market Segments to Watch
The global food
processing equipment market is mainly segmented by type into meat, poultry, and
seafood processing equipment (cutters and grinders; smokers, massagers, and
tumblers; mixers; tenderizers; killing and defeathering equipment; slicers;
evisceration equipment; cookers, roasters, and grillers; deheading and gutting
equipment; filleting equipment; and others), bakery processing equipment (ovens
and proofers; dough mixers; moulders and sheeters; dividers and rounders;
depositors; and others), beverage processing equipment (brewery equipment;
filtration equipment; carbonation equipment; blenders and mixers; and others),
dairy processing equipment (pasteurizers; homogenizers; separators; evaporators
and drying equipment; membrane filtration equipment; and others), chocolate and
confectionary processing equipment (depositors; formers; coating and spraying
systems; mixers; coolers; and others), fruit and vegetable processing equipment
(juice extractors; peelers, cutters, and pulpers; dryers; evaporators; and
others), and other food processing equipment (cereal & grains processing
equipment, fat & oil processing equipment, snacks food processing
equipment, and others).
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Meat, poultry, and
seafood processing equipment to dominate the food processing equipment in 2018
The large share of meat,
poultry, and seafood processing equipment is mainly attributed to increasing
demand of processed meat products due to growing global population,
urbanization, and consumer preference for protein-rich food products. However,
chocolate and confectionary processing equipment market is expected to witness
fastest growth during the forecast period. The rapid growth of this market is
attributed to increasing focus of manufacturers on quality products
manufacturing, integration of innovative processes, product innovation,
building & maintaining strong brand of products, and optimization of
traditional processes in this field. Also, once considered luxury products in
some developing nations, chocolate and other sweets have become more attainable
and attractive as living standards in these countries increase, ultimately
driving demand for chocolate and confectionery processing equipment.
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Regional
Market Growth Trends
Geographically, the
global food processing equipment market is segmented into North America (U.S.
and Canada), Europe (Germany, France, Italy, U.K., Spain, The Netherlands, and
RoE), Asia Pacific (China, India, Japan, Australia, and RoAPAC), Latin America
(Brazil, Mexico, Argentina, and RoLATAM), and Middle East & Africa.
Food
Processing Equipment Market
Asia-Pacific region is
expected to hold the largest share in the global food processing equipment
market in 2018, followed by Europe, and North America. The major share of this
region is mainly attributed to increasing demand of processed food products in
emerging and developing countries including India, China, Indonesia, and
Thailand; and increasing investments from major food processors. This region is
witnessing tremendous growth for food and beverages industry, primarily due to
the increasing urbanization, health awareness, and disposable income; as a
result, numerous food and beverage firms in this region are transitioning from
manual to mechanical food processing in order to increase output and develop
new products, which ultimately drives the food processing equipment market.
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Top
Companies in the Food Processing Equipment Market
The key players operating
in the global food processing equipment market are Bühler AG (Switzerland),
Marel HF (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries
AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corp
(U.S.), Heat and Control Inc. (U.S.), SPX Flow Inc. (U.S.), Alfa Laval AB
(Sweden), Nichimo International Inc. (Japan), Krones AG (Germany), Paul Mueller
Company (U.S.), Key Technology Inc. (U.S.), and Tetra Pak International S.A.
(Switzerland).
These vendors employed
various strategies to expand their product and application offerings, global
footprint, and augment their market share. The key strategies followed by most
companies in the global food processing equipment market were acquisitions and
expansions.
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About
Meticulous Research®
Meticulous Research® is
founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in
2013 as a private limited company under the Companies Act, 1956. Since its
incorporation, the company has become the leading provider of premium market
intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle
East & Africa.
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Us:
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Viren Shrivastava
AVP-
Global Sales and Marketing
Meticulous
Research®
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