The global food and beverage processing equipment market size was estimated at USD 61 billion in 2022 and is projected to hit around USD 90.73 billion by 2032, growing at a CAGR of 4.1% during the forecast period from 2023 to 2032.
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The governments of various developing as well as developed nations have strict regulations and standards on the manufacturing and distribution of food and beverages across the globe. The equipment used in the production of this food and the processing of the beverages is also of great importance. Food processing equipment and beverages processing equipment all the processing machines that handle cook stores and packed the food products in order to offer to the market. Processing food products and beverages is extremely helpful and extend the shelf life. A wide range of food processing equipment is available for different types of food products. Equipment are available for bakery dairy beverages etc.
Equipment is designed for carrying out various processes on the food. It involves washing, separating baking mixing, and sealing food products in order to offer the final product. These industries or established in order to transform the raw materials derived from agricultural products how transform some of the already processed food products into ready-to-cook food products and beverages. Molders, blenders, cutters, kettles, vacuum pans, mixers, and ovens are the different types of equipment used in this market. An increase in the demand for bakery products, confectionery dairy products and meat which is available in the form of processed food or convenient food it's driving the growth of the market. Major companies are investing in order to expand their businesses to different territories. Food and beverage processing equipment provides efficient production and facilitates the production of quality food products. The use of industrial robots and automation in this industry is helpful and increases the revenue generated. There's an increasing trend of ordering food online in recent years the market is expected to grow and online platforms are providing great support for the growth of this market.
The increase in the demand for processed food products by consumers across many nations has led to an increase in demand for the equipment required for processing the food. Increasing demand is the most important factor responsible for the growth of the market. Rapid industrialization and urbanization in developing nations is also responsible for the growth of this market. Dual-income households or creating a hectic work life and busy schedules which increase the dependency of these couples on packaged food and beverages. There is a major shift in the eating habits of many consumers even in developing nations. As packaged and processed food and beverages are extremely convenient It is replaced by regular meals in developing as well as developed economies.
Major market players are investing a lot of amounts in order to come up with technologically advanced equipment for use in this industry. In order to increase the production capacity of this equipment there is constant research and development. The use of this equipment have increased the output or the production capacity of these industries. Doesn't increase awareness regarding the benefits of this equipment in the developing nations which are replacing the old equipment with the more advanced equipment which requires very less or no human intervention. Due to the reduced human intervention, there is no contamination of food products or beverages. The quality of food products and beverages is maintained due to automation in this industry. An increase in the demand for healthy beverages is also driving the growth of the market. Owing to all of these reasons the global food and beverage processing equipment market is expected to grow well during the forecast period.
Report Scope of the Food and Beverage Processing Equipment Market
|Market Size in 2023||USD 63.2 Billion|
|Market Size by 2032||USD 90.73 Billion|
|Growth Rate from 2023 to 2032||CAGR of 4.1%|
|Forecast Period||2023 to 2032|
The processing equipment segment in the food and beverage processing equipment market is expected to have larger markets share in the coming years. The processing equipment segment has dominated the market in the past. An increase in the demand for bakery products across the globe is leading to the growth of this segment. Bakery products and confectionery products especially bread is consumed in high quantity across the European and North American region. Bread is a staple food of many European countries and a great amount of bread is consumed every year by a single person in these countries. An increase in the demand for other bakery items in developing nations is also helping in the growth of this segment. Rapid industrialization and urbanization that doesn't increase in the demand for beverages in developing nations. Increased per capita income and high disposable income insert resulting in creating a demand for beverages across the developing nations.
Fruit juices, non-alcoholic drinks, and alcoholic drinks are all driving the market growth. The use of dairy products for manufacturing other products and the consumption of milk across many states in the Asia Pacific region is expected to drive market growth. Followed by the processing segment the preprocessing segment will also have a good market share during the forecast period. Preprocessing methods include washing, Sorting, peeling, cutting, slicing, grinding, blending, etc. all the raw materials or products derived from agriculture undergo these preprocesses before the final product is achieved. Drying, cooling, and freezing are the different types of processes involved in the production of the final products which have an increased shelf life.
On the basis of application, the bakery and confectionery segment accounted for more than 22% of revenue share in 2022 and is expected to have the largest market share in the coming years. Equipment are used for manufacturing alcoholic beverages meat and poultry products, fish and seafood products. Bakery and confectionery products how high is demand in countries like Germany, France and UK. As bread is consumed as a Staple food across the European region the market is expected to grow. on average every year one person in the European region consumes about 50 kilograms of bread. Commercial bakeries use the equipment for manufacturing loaves of bread. The equipment available for the production of this bread are able to generate large quantities in less amount of time.
Apart from bakery and confectionery products dairy products are also expected to have a good amount of market share in the forecast period. The dairy products segment has great demand in the Asia Pacific region. The equipment required for the bakery and confectionery products is ovens, cutters, blenders, and molders. Increasing demand for frozen meat products in developed nations is expected to help in the growth of the market during the forecast period. North American region and the European region have the greatest demand for meat and poultry products. Increasing demand of this product is leading to an increase in the usage of equipment needed for the processing of these food products.
End-Product Form Insights
On the basis of the end product, the solid segment is expected to have the largest market share during the forecast period. The solid segment is expected to grow due to many factors. In order to produce a solid product there is an ease of handling these products. It is extremely easy to pack the end product which is not the case for liquid or semisolid products. Transportation and storage of solid food products is extremely easy as compared to semisolid or liquid products. There is an increased risk of damage and contamination.
Mode of Operation Insights
The different modes of operation which are automatic and semi-automatic are used in this industry. The semi-automatic segment accounted for more than 51% of revenue share in 2022. Automation in these industries have led to an increase in the output of the product and the time consumed is less. Automation in this industry has also reduced the cost of operations as compared to the old machines.
The automatic segment consumes less energy compared to the semi-automatic segment so this happens to be a green option. Labor is extremely expensive in many developed nations and automation or the use of robotics in this industry has reduced the demand for human labor. All of these factors have led to the optimum utilization of all the resources in manufacturing the products.
Food and Beverage Processing Equipment Market Share, By Region, 2022 (%)
|Regions||Revenue Share in 2022 (%)|
As there is a growing demand for food and beverage processing equipment in the Asia Pacific region this region held the biggest revenue share of around 38% in 2022. There is an increasing focus on the development of advanced equipment which would help in increasing the production capacity of these industries. Many major market players are present in The Asia Pacific region. Growing demand for processed foods from nations like Australia, India, China, and New Zealand is driving the growth of the market. The increasing population enters demand for quick-service restaurants is growing in the Asia Pacific region and this also is a leading cause for the growth of this market. The industry is focusing on manufacturing technologically advanced and innovative equipments for generating larger outputs to satisfy the demands of the growing population.
Key Market Developments
Key Market Players
Segments Covered in the Report
By Mode of Operation
By End-Product Form
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