Food Processing Equipment Industry Forecast To Grow USD 44,842.60 Million 2020

Comments ยท 202 Views

The economic value generated by the food processing equipment industry was estimated at approximately USD 44,842.6 million in 2020.

Food Processing Equipment Industry Data Book Covers Hot Food Processing Equipment, Bakery Processing Equipment and Meat Processing Equipment Markets.

The economic value generated by thefood processing equipment industrywas estimated at approximately USD 44,842.6 million in 2020.

Grand View Researchs food processing equipment industry data book is a collection of market sizing information forecasts, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports and summary presentations on individual areas of research.

Seafood Processing Equipment MarketInsights

The global seafood processing equipment market size was valued at USD 1.95 billion in 2017. It is anticipated to expand at a CAGR of 3.2% over the forecast period.

Technological advancements in terms of operations and software, facilitate manufacturers to offer a range of functions in a single unit. Scaling equipment emerged dominant with a market share of over 22.07% in terms of value in 2017. It is expected to witness the fastest CAGR of 3.8% over the forecast period. Recent advancements in the machine and equipment sector are expected to revolutionize the market in the near future.

Frozen seafood emerged dominant with a market share of over 20.23% in terms of value in 2017. The canned seafood segment, on the other hand, is expected to register the fastest CAGR of 3.6% over the forecast period.

Hot Food Processing Equipment Market Insights

The global hot food processing equipment market size was valued at USD 20.82 billion in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.

Baking equipment has led the industry and accounted for 20.8% of the global revenue share in 2021. The demand for bakery items is expected to witness augmentation owing to the increasing consumption of ready-to-eat foods attributed to the consumers' hectic lifestyles. Furthermore, rising snack consumption is likely to boost the demand for cakes and pastries. Increasing demand for bakery products is expected to drive the hot baking equipment market growth.

Automatic segment led the market and accounted for 54.8% of the global hot food processing equipment revenue in 2021. The advantages of the automatic segment include more consistent food quality, high food stability safety, greater compliance with legal customer specifications, and efficient operation.

The food processing industry segment has led the market and accounted for 56.9% of the global hot food processing equipment market revenue share in 2021. The food processing sector is witnessing strong growth owing to the rising global food demand coupled with the demand for high-quality food and sustainability.

Bakery Processing Equipment Market Insights

The global bakery processing equipment market size was valued at USD 12.92 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.

Ovens and proofers led the market and accounted for 34.2% share in 2020 on account of the extensive use of the product for baking and the rising demand for baked goods. In addition, the market is expected to be driven by the introduction of low energy consumption ovens.

The bread application segment led the market in 2020 with a share of 35.0%. This is because of the high demand for bread across North America and Europe due to the dietary habits of the consumers in the regions. In addition, the high demand for bread in the erstwhile traditional economies, such as India and China, is expected to drive the market over the forecast period.

Grain Processing Equipment Market Insights

The global grain processing equipment market size was valued at USD 4.2 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2019 to 2025.

The market has been segmented into semi-automatic and automatic on the basis of mode of operation. Based on the mode of operation, semi-automatic grain processing equipment was the dominant market segment in 2018. The semi-automatic segment accounted for a revenue share of 51.3% in 2018. Manufacturers tend to opt for semi-automated equipment owing to the easy availability of labor, low cost of such equipment, and low capital investment or operational budget.

The grain processing equipment market has been segmented into pre-processing and processing on the basis of machine type. The preprocessing segment dominated the market and accounted for 52.3% of the overall market share in terms of revenue in 2018 and is projected to witness significant growth over the forecast period.

Access the Global Food Processing Equipment Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies

Meat Processing Equipment Market Insights

The global meat processing equipment market was estimated at USD 10.28 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030.

Slicing equipment dominated the market and accounted for a revenue share of 24.8% in 2022. Slicing equipment can be integrated with other equipment involved in meat processing, such as weighing machines and tray feeders, which helps in reducing the manual weighing and arrangement practices of sliced products, resulting in improved hygiene of meat.

The pork segment accounted for the largest revenue share of 47.1 % in 2022. The primary reason for the high demand for pork, despite the religious restriction on its consumption in various parts of the world, is that pork is free of Bovine Spongiform Encephalopathy (BSE) or mad cow disease, which lowers the protein quality in the meat.

Brewery Equipment Market Insights

The global brewery equipment market was valued at USD 16.52 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% during the forecast period.

Microbrewery equipment dominated the market in 2022 and accounted for 82.3% of the total revenue. This segment is projected to maintain its dominance in the near future as demand for a standard type of beer rises due to the simple availability of beer from many brands at varying price points. The use of this machinery is advantageous for producing beer on a large scale.

Automatic brewery equipment dominated the market, accounting for 54.3% of the global revenue share in 2022. The use of automation in the craft brewing process is increasing in order to simplify the process. The major players are investing in the development of automated equipment for the production of high-quality beers.

Dairy Processing Equipment Market Insights

The global dairy processing equipment market size was worth USD 10.41 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2025.

Major processing equipment used in the industry are homogenizers, membrane filters, separators, mixing blender, evaporators dryers, and pasteurizers. Pasteurizers emerged as the largest equipment type segment in 2016 with over 22% of the total market share and this trend is expected to continue over the forecast period owing to its various users. Pasteurizers are mainly used for making the milk product safe and extending its shelf life.

On the basis of application, the processed milk segment is the major application occupying a market share of over 28% in 2016 of the total market. The segment is projected to grow at a CAGR of 6.6% over the forecast period. Australia, New Zealand, India, the Netherlands, and Germany are some of the major economies involved in the production of processed milk.

Pet Food Processing Market Insights

The global pet food processing market size was estimated at USD 4.62 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2020 to 2027.

The forming equipment segment led the global market in 2019 and held over 30% of the global share. This type of equipment is used to form the base for manufacturing pet food products. The rapidly advancing extrusion technology is a part of forming equipment and is essential for pet food processing.

Dry pet food segment accounted for the largest share of over 71% in 2019 and is estimated to retain its leading position throughout the forecast years. Dry foods offer good oral care with minimal tartar buildup on the pets teeth. Furthermore, these foods eliminate the need for refrigeration as well as provide the required crunch and chewing for maintaining the overall health of the pet teeth.

Food Sterilization Equipment Market Insights

The global food sterilization equipment market size was estimated at USD 646.0 million in 2018 and is expected to grow at a CAGR of 6.1% over the forecast period.

In terms of process segmentation, the market is categorized into a batch and continuous sterilization. Batch sterilization is expected to contribute to 56.4% of the overall market revenue by 2025 owing to its lower equipment costs, easy manual control, and lower chances of contamination. The segment finds applications in sterilizing low acid foods such as melons and vegetables as it does not affect the organoleptic properties.

In terms of technology, the food sterilization equipment market is categorized into heat, steam, radiation, chemical, filtration, and others. Steam sterilization is a widely used technology as it produces safe and high-quality foods at low costs. The sterilization process not only extends the shelf life of food products but also enhances their nutritional quality.

In terms of application, the market is categorized into spices, seasonings, and herbs, meat, poultry, and seafood, dairy products, fruits and vegetables, juices and beverages, grains, and others. Surging demand for authentic flavors, coupled with growing consumer preference for readymade spices across the globe, is expected to increase demand for spices, seasoning, and herb sterilizing equipment over the forecast period.

Food Processing Equipment Market Global Industry Segmentation

Seafood Processing Equipment Market: Product Movement Analysis, 2017 2025

  • Frozen Seafood
  • Smoked Seafood
  • Canned Seafood
  • Dried Seafood

Seafood Processing Equipment Market: Equipment Estimates Trend Analysis

Seafood Processing Equipment Market: Equipment Movement Analysis, 2017 2025

  • Slaughtering Equipment
  • Gutting Equipment
  • Scaling Equipment
  • Filleting Equipment

Hot Food Processing Equipment Market: Type Estimates Trend Analysis

Hot Food Processing Equipment Market: Type Movement Analysis, 2021 2030

  • Baking
  • Evaporation
  • Pasteurization
  • Dehydration
  • Roasting Grilling
  • Frying
  • Sterilization
  • Blanching
  • Others

Hot Food Processing Equipment Market: Mode of Operation Estimates Trend Analysis

Hot Food Processing Equipment Market: Mode of Operation Movement Analysis, 2021 2030

  • Automatic
  • Semi-automatic
  • Manual

Bakery Processing Equipment Market: Equipment Estimates Trend Analysis

Bakery Processing Equipment Market: Equipment Movement Analysis, 2020 2028

  • Mixers Blenders
  • Dividers Rounder
  • Molders Sheeters
  • Ovens Proofers
  • Others

Bakery Processing Equipment Market: Application Estimates Trend Analysis

Bakery Processing Equipment Market: Application Movement Analysis, 2020 2028

  • Bread
  • Cakes Pastries
  • Cookies Biscuits
  • Pizza Crusts
  • Others

Grain Processing Equipment Market: Mode of Operation Estimates Trend Analysis

Definition Scope

Grain Processing Equipment Market: Mode of Operation Movement Analysis, 2014 2025

  • Semi-automatic
  • Automatic

Grain Processing Equipment Market: Machine Estimates Trend Analysis

Definition Scope

Grain Processing Equipment Market: Machine Movement Analysis, 2014 2025

  • Pre-processing
  • Processing

Meat Processing Equipment Market: Product Estimates Trend Analysis

Meat Processing Equipment Market: Product Movement Analysis, 2022 2030

  • Slicing Equipment
  • Blending Equipment
  • Dicing Equipment
  • Grinding Equipment
  • Massaging Marinating Equipment
  • Smoking Equipment
  • Tenderizing Equipment
  • Others

Meat Processing Equipment Market: Meat Type Estimates Trend Analysis

Meat Processing Equipment Market: Meat Type Movement Analysis, 2022 2030

  • Pork
  • Mutton
  • Beef
  • Others

Brewery Equipment Market: Type Estimates Trend Analysis

Brewery Equipment Market: Type Movement Analysis, 2022 2030

  • Macro Brewery Equipment
  • Craft Brewery Equipment

Brewery Equipment Market: Mode of Operation Estimates Trend Analysis

Brewery Equipment Market: Mode of Operation Movement Analysis, 2022 2030

  • Automatic
  • Semi-automatic
  • Manual

Dairy Processing Equipment Market: Type Estimates Trend Analysis

Dairy Processing Equipment Market: Type Movement Analysis, 2014 2025

  • Homogenizers
  • Membrane Filtration Equipment
  • Separator
  • Mixing Blending Equipment
  • Evaporators Dryers
  • Pasteurization
  • Others

Dairy Processing Equipment Market: Application Estimates Trend Analysis

Dairy Processing Equipment Market: Application Movement Analysis, 2014 2025

  • Chees
  • Processed Milk
  • Yogurt
  • Protein Ingredients
  • Milk Powder
  • Others

Pet Food Processing Equipment Market: Type Estimates Trend Analysis

Pet Food Processing Equipment Market: Type Movement Analysis, 2019 2027

  • Mixing Blending
  • Forming
  • Baking Drying
  • Coating
  • Cooling
  • Others

Pet Food Processing Equipment Market: Form Estimates Trend Analysis

Pet Food Processing Equipment Market: Form Type Movement Analysis, 2019 2027

  • Wet
  • Dry

Food Sterilization Equipment Market: Application Estimates Trend Analysis

Food Sterilization Equipment Market: Application Movement Analysis, 2018 2025

  • Spices, Seasonings, Herbs
  • Meat, Poultry, Seafood
  • Dairy Products
  • Fruits Vegetables
  • Juices Beverages
  • Grains
  • Others

Order your copy of the Free Sampleof Food Processing Equipment Industry Data Book - Hot Food Processing Equipment, Bakery Processing Equipment and Meat Processing Equipment Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Data Book, published by Grand View Research

Food Processing Equipment Industry Data Book Regional Outlook

  • North America
  1. U.S.
  2. Canada
  3. Mexico
  • Europe
  1. U.K.
  2. Germany
  3. France
  4. Italy
  • Asia Pacific
  1. China
  2. Japan
  3. India
  4. South Korea
  5. Australia
  • Latin America
  1. Brazil
  • Middle East Africa (MEA)
  1. South Africa

Food Processing Equipment Industry Data Book Competitive Landscape

The industry participants focus on research development activities to develop new technologies for energy-effective and sustainable food processing equipment.

Key players operating in the food processing equipment industry are

  • GEA Group AG
  • BAADER Group
  • Bhler AG
  • Alfa Laval
  • Krones AG
  • Marel
  • JBT Corporation
  • The Middleby Corporation
  • Arenco AB
  • Baker Perkins Limited

Go through thetable of content of Food Processing Equipment Industry Data Bookto get a better understanding of the Coverage Scope of the study

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone:1-415-349-0058

Toll Free:1-888-202-9519

Email:sales@grandviewresearch.com

Web:https://www.grandviewresearch.com/sector-reports-list

Follow Us:LinkedIn|Twitter

Comments