The global food processing and handling equipment market size was exhibited at USD 133.57 billion in 2022 and is projected to hit around USD 223.67 billion by 2032, growing at a CAGR of 5.29% during the forecast period 2023 to 2032.
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There was a decline in global trade due to the pandemic. As the COVID-19 virus remains active on stainless steel and plastic material for about 72 hours many preventive measures were taken by the manufacturing industry. In order to ensure food safety in this industry staff hygiene practices and training for staff hygiene were conducted across many industries.
The food processing and handling equipment are majorly used for processing seafood, bakery, dairy, and meat from there or form into the final products which are offered in the market. The equipment used for food processing and handling is useful in transforming raw food into a food product with the help of many different chemical and physical means. The main element which is extensively used in the industry is stainless steel. A special type of stainless-steel alloy are used in food processing devices. That has been increased automation and use of robots in handling and packaging which helps in reducing human intervention in the processes. This is extremely helpful in reducing the contamination of food products. Rapid industrialization and urbanization has increased the demand for convenience meals.
The urban lifestyle of consumers in developing nations with high disposable income has a great demand for ready meals. In the developed nations of the European and North American region, the consumption of ready-to-eat meals is the highest as compared to the developing nations. There is an increase in the demand for protein-based foods, frozen foods, and other healthy food products in developed nations. Many new products have been launched in the markets in order to meet the demand of the consumers. The demand for food processing and handling equipment is expected to grow especially in the bakery and confectionery segment
Report Scope of the Food Processing and Handling Equipment Market
|Market Size in 2022||USD 133.57 Billion|
|Market Size by 2032||USD 223.67 Billion|
|Growth Rate from 2022 to 2032||CAGR of 5.29%|
|Forecast Period||2023 to 2032|
The major factor driving the growth of this market is the change in the lifestyle of people due to an increased income. Increasing population and urbanization are also the major reasons for the growth of this market in the Asia Pacific countries. Out of all the equipment for food processing and handling, there is a growing demand for bakery and pasta equipment in many developing and developed nations. Due to advanced technological developments in this field relating to grinding slicing and cutting equipment, there has been an increase in the output and this equipment have helped in reducing the cost of operations. Old machines are replaced with new machines which are more efficient. The adoption of automated technology it's one of the most important factors leading to the growth of this market.
The market is expanding as there is constant pressure to increase the output in order to meet the demand of the consumers. In order to strengthen the research and development capabilities of the equipment manufacturers governments are encouraging automatic and semi-automatic machines in this industry. Automation in this industry or the use of robotics in this industry is a green option and it is supported by most Nations. The use of equipment in food processing has helped in enhancing the safety of the food products and improve the quality of the food products that were offered in the market previously. During the forecast period, the global market for food processing and handling equipment shall see good growth due to all of these factors.
Due to the awareness among consumers, there is a demand for healthy food and functional foods and in order to fulfill the demand the industry just provides products that is helping in generating revenues.
Equipment Type Insights
On the basis of the equipment type, the food processing equipment segment is expected to have a larger market share during the forecast period. The food processing equipment segment is generating more revenue due to an increase in the demand for processed food across the globe. there are different variety of food processing equipment available in the market. The food processing equipment needs trained personnel and export technicians in order to handle all the machinery.
The efficiency and the output of this machinery would reduce in case of underutilization of these machines. Regular maintenance of this equipment through expert technicians is extremely important in the growth of the market. There are many different types of equipment available in the market for cleaning, sorting, peeling and skinning of the products. The food processing equipment are extremely important in order to remove the inedible or undesirable material from the food products. Cutting or chopping or other processes that are carried on the raw materials used for production. Food processing equipment is expected to have a larger market share during the forecast. Due to a growing demand for these products.
On the basis of application, the bakery and confectionary segment has had the largest market share in recent years period bakery and confectionery segment is expected to have rapid growth in terms of revenue during the forecast period. Bread is consumed as a staple pull across many North American countries and European countries. Bread and many other bakery-related products have great demand in these regions. About 50 kilograms of bread is consumed every year by a single person in European nations. The increasing consumption of bread in many other Asia Pacific regions is also expected to drive the market. Commercial bakeries are also using processing machines for the production of loads of bread. Apart from bread, the consumption of dairy products has also increased in do you ship ossific region. The Asia Pacific region is expected to ho good growth in their daily segment due to the use of these products in many other products like sweets.
The dairy industry in India is also expected to have the largest market share of dairy products consumed on a large scale in many different regions of this country. The use of dairy products in the manufacturing of various sweets for consumption throughout the year is always in demand due to the difference in culture across the states in India. Investments, in order to have advanced equipment for food processing and handling, is leading to growth in the market. In the North American region and the European region that is significant growth in the beverages industry. Improved standard of living and high disposable income has also increased the consumption of beverages in the Asia Pacific region. An increase in the consumption of meat and poultry products in developing as well as developed Nations is also expected to affect market growth. The Asia Pacific region is also seeing growth in the beverages industry due to the increased consumption of soft drinks, juices and alcoholic drinks.
Asia Pacific region has shown good growth in recent years and this region is expected to dominate the market during the forecast period. The increasing population of Indonesians like China and India is creating a great demand for food products. Increasing demand for processed food products it's leading to the growth of the equipment market. China holds the largest market share in the Asia Pacific region and it is continuously catering to the increasing demand of processed food in the nation. Followed by China India is also expected to have a good amount of market share during the forecast period. As there is a major shift of consumers towards processed foods and convenient foods the market is expected to grow in India. With the increase in disposable income, there is a growth in dual-income households and busy lifestyles, all of these factors are responsible for the growth of the food processing and handling equipment market in this region. Rapid urbanization and industrialization is supporting the market and providing better opportunities in the Asia Pacific region.
Governments or investing in order to have advanced machinery for processing and handling of food products in this region. Increased automation and the use of robotics in this industry is expected to drive the market in the Asia Pacific region. North American region it is also expected to see growth as a result of demand for food processing and handling equipment. Consumers in this region prefer frozen food products. An increase in the number of food manufacturing plants is driving the market growth of this region. Many major market players are located in the North American region, and this also happens to be a major factor for the growth of this market. In order to expand the production facilities of the European region there is a significant amount of investment in this industry. Major market players from European nations or setting their manufacturing units across other regions. There are many food products that have a global market and this is driving through the food processing and handling equipment market.
Key Market Developments
Key Market Players
Segments Covered in the Report
By Equipment Type
By End-Product Form
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