Food & Beverage Processing Equipment Market

Food & Beverage Processing Equipment Market registered a revenue of USD 57.5 billion in 2021 and is projected to reach USD 88.9 billion in 2029, growing at a CAGR of 5.6% during the forecast period from 2022-2029.

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Key Drivers

The key factors driving the growth of the global food and beverage processing equipment market include the growing demand for processed and convenience food products, the increasing number of quick-service restaurants, improving standards of living, and the rising health concerns among consumers. Moreover, the increasing demand for poultry, bakery & confectionery, meat, and dairy products among consumers will further drive the market growth. Increased investment in the development of food and beverage processing technologies will propel market growth over the forecast period.

The rising focus on processing time, production efficiency, and quality of food products will boost the growth of the global food and beverage processing equipment market. Rapid urbanization and change in the dietary patterns of consumers will support market growth. Increasing demand for innovative food and beverage products owing to the changing consumer taste and preference, thereby driving the growth of the global food and beverage processing equipment market. The factor hindering the food & beverage processing equipment market growth include the high cost of production and the increasing demand for organic & fresh food products.

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Type – Segment Analysis

Based on the Type, processing segment is expected to grow at a higher CAGR in the global Food & Beverage Processing Equipment market owing to the increasing demand across the food and beverage industry. In addition to this, the processing equipment helps in maintaining the safety, quality, and hygiene of food products, which will create demand for processing segment in coming years.

End Product Form – Segment Analysis

Based on the End Product Form, solid segment is projected to capture the largest market share over the forecast period in the global Food & Beverage Processing Equipment market due to the growing demand for processed food in the solid form which is driven by convenience food trend across the globe.

Based on the Mode of Operation, Semi-Automatic segment holds the highest market share in the global Food & Beverage Processing Equipment market as it consumes less energy and is a cost-effective solution as compared to the automation equipment. It further enables small and medium scale manufacturers to provide consistent quality with limited capital capacity, thereby driving the growth of the semi-automatic segment.

Application – Segment Analysis

Based on the Application, bakery & confectionery segment is anticipated to grow at a higher CAGR in the global Food & Beverage Processing Equipment market owing to the increasing consumption of ultra-processed bakery products in several countries such as Germany, UK, Canada, and Spain.

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Regional – Segment Analysis     

Based on the region, the Asia-Pacific region is anticipated to grow at a higher CAGR in the global food & beverage processing equipment market owing to the increasing demand from the processed food industry. In addition to this, rise in the demand for advanced food processing units that helps to reduce processing time and improves efficiency will have a positive impact on the market growth of the Asia-Pacific region.

Top Market Players

Various notable players operating in the market, include, Marel, GEA Group, Buhler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Clextral, SPX Flow, Bigtem Makine, Fenco Food Machinery, and Krones Group, among others. 

Key Developments:

• • In 2019, Marel opened a new production facility in Dongen, Netherlands. Through this expansion, the company planned to expand its production in the poultry industry.
  • In 2018, Krones Group acquired US-based food processing equipment supplier, i.e, WM Sprinkman. Through this acquisition, the company planned to expand its product portfolio in North America which includes bottling and packaging equipment.

Segments covered in the Report:

The global food & beverage processing equipment market has been segmented on the basis of type, end product form, mode of operation, application, and regions. Based on the type, the market is segmented into pre-processing and processing. Based on the end product form, the market is segmented into solid, liquid and semi-solid. Based on the application, the market is segmented into bakery & confectionery, meat & poultry, dairy products, fish & seafood, alcoholic beverages, non-alcoholic Beverages and others. Based on mode of operation, the market is segmented into semi-automatic and automatic.

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Key questions answered in this research report:

• • At what pace is global Food & Beverage Processing Equipment market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Food & Beverage Processing Equipment market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Food & Beverage Processing Equipment market?
  • Which Type generated maximum revenues in 2021 and identify the most promising Type during the forecast period?
  • What are the various End Product Form areas of global Food & Beverage Processing Equipment market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Food & Beverage Processing Equipment Market by Type

• • Pre-processing equipment
    • Sorting & grading
    • Cutting, peeling, slicing, grinding, and washing
    • Blending & mixing
  • Processing equipment
    • Forming
    • Extruding
    • Coating
    • Drying, cooling, and freezing
    • Thermal
    • Filtration
    • Pressing
    • Homogenization

Global Food & Beverage Processing Equipment Market by End Product Form

• • Liquid
  • Solid
  • Semi-solid

Global Food & Beverage Processing Equipment Market by Mode of Operation

• • Automatic
  • Semi-automatic

Global Food & Beverage Processing Equipment Market by Application

• • Bakery & confectionery products
  • Meat & poultry products
  • Fish & seafood
  • Dairy products
  • Alcoholic beverages
  • Non-alcoholic beverages
  • Others

Global Food & Beverage Processing Equipment Market by Region

• • North America Food & Beverage Processing Equipment Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By End Product Form
    • By Mode of Operation
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Food & Beverage Processing Equipment Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By End Product Form
    • By Mode of Operation
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Food & Beverage Processing Equipment Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By End Product Form
    • By Mode of Operation
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Food & Beverage Processing Equipment Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By End Product Form
    • By Mode of Operation
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Food & Beverage Processing Equipment (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Marel
  • GEA Group
  • Buhler
  • JBT Corporation
  • Alfa Laval
  • TNA Australia Solutions
  • Bucher Industries
  • Clextral
  • SPX Flow
  • Bigtem Makine
  • Fenco Food Machinery
  • Krones Group