Global Food Processing & Food Material Handling Equipment Market, By Equipment Type (Food Processing Equipment, Food Packaging Equipment), Application (Bakery & Confectionery Products, Meat & Poultry Products, Dairy Products, Alcoholic Beverages, Non-Alcoholic Beverages, Fish & Seafood Products, Others), Form (Solid, Liquid, Semi-Solid) - Industry Trends and Forecast to 2031.
Food Processing and Food Material Handling Equipment Market Analysis and Size
The essential factors contributing to the growth of the food processing and food material handling equipment market in the forecast period of 2024 to 2031 include the rise in consumer’s preference for healthy and functional foods. Also, the rising food safety management concerns across the food industry are significantly contributing to the market’s growth. Steel is a crucial material in various industries, including automotive, construction, and infrastructure. Growing R&D investments in food processing technologies increase the demand for food processing and food material handling equipment.
Data Bridge Market Research analyzes that the global food processing and food material handling equipment market which was USD 147.38 billion in 2023, is expected to reach USD 239.01 billion by 2031, growing at a CAGR of 6.23% during the forecast period of 2024 to 2031. In 2023, the bakery & confectionery products segment will dominate the market due to the increasing consumer preference for healthy and functional foods. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Food Processing and Food Material Handling Equipment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2015-2021)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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By Equipment Type (Food Processing Equipment, Food Packaging Equipment), Application (Bakery & Confectionery Products, Meat & Poultry Products, Dairy Products, Alcoholic Beverages, Non-Alcoholic Beverages, Fish & Seafood Products, Others), Form (Solid, Liquid, Semi-Solid)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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ALFA LAVAL (Sweden), FENCO Food Machinery s.r.l. (Italy), JBT (U.S.), SPX FLOW (U.S.), TNA Australia Pty Limited (Australia), Krones AG (Germany), Schaaf Technologie GmbH (Germany), BAADER (Germany), Marel (Iceland), Bühler Group (Switzerland), The Middleby Corporation (U.S.), Lehui (China), GEA Group Aktiengesellschaft (Germany), Tetra Pak (Sweden)
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Market Opportunities
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Market Definition
Food processing and handling equipment is mainly used to process meat, seafood, bakery products, dairy products, and confectionery from their raw form into finished products. Several companies focus on integrating advanced technologies to improve the user experience. Companies are integrating the equipment with Internet of Technology (TOC) to achieve the highest level of food safety, reduce waste, improve traceability, and reduce the costs and risks of various food processing and packaging processes.
Global Food Processing and Food Material Handling Equipment Market Dynamics
Drivers
- Increasing Consumer’s Preference for Healthy and Functional Foods
The rising consumer preference for healthy and functional foods is a significant driver in the market. As consumers prioritize nutritious and value-added food products, manufacturers are compelled to invest in advanced processing equipment. This includes machinery for the gentle handling of sensitive ingredients, innovative processing techniques, and equipment facilitating the production of functional foods. The demand for efficient, hygienic, and technologically advanced equipment has surged, driving the food processing industry to enhance its capabilities in meeting the growing market for healthier and functional food products, thereby contributing to the expansion of the food processing equipment market.
- Rising Food Safety Management Concerns across Food Industry
Increasing food safety management concerns within the food industry act as a driver for the market. Heightened awareness of foodborne illnesses and stringent regulations prompt food manufacturers to invest in advanced equipment designed to ensure hygiene, prevent contamination, and comply with safety standards. This drives the adoption of cutting-edge processing and handling technologies, such as sanitary conveyors, hygienic filling equipment, and contaminant detection systems. As the food industry prioritizes safety measures, the demand for state-of-the-art equipment to mitigate risks and uphold quality standards propels the growth of the food processing and material handling equipment market.
Opportunity
- Growing R&D Investments in Food Processing Technologies
The growing investments in research and development (R&D) within the food processing technologies create a significant opportunity for the food processing and material handling equipment market. Increased R&D efforts lead to the development of innovative and efficient processing solutions, driving demand for advanced equipment. Manufacturers focusing on cutting-edge technologies, such as automation, IoT integration, and energy-efficient processing, are likely to capitalize on this opportunity. As the food industry seeks to enhance productivity, reduce waste, and meet evolving consumer demands, the demand for state-of-the-art processing and material handling equipment is poised to rise, presenting a favorable landscape for market expansion.
Restraints/Challenges
- Various Problems Associated with the High Installation and Maintenance
The challenges related to high installation and maintenance costs pose significant hurdles in the food processing and food material handling equipment market. Initial capital investments for installing advanced equipment can be substantial, limiting adoption, especially for small and medium-sized enterprises. In addition, maintenance costs, including periodic repairs and equipment downtime, contribute to operational expenses. These challenges can deter businesses from upgrading to newer, more efficient technologies. As cost-effective solutions become imperative for industry players, addressing the financial burden associated with installation and maintenance is crucial for fostering the widespread adoption of advanced processing and handling equipment in the food industry.
- Health Hazards of Overconsumption of Processed Food
Health hazards associated with the overconsumption of processed foods act as a restraint in the food processing and material handling equipment market. Increased awareness of the negative health impacts of processed foods, such as obesity and chronic diseases, may lead to changing consumer preferences toward fresh and minimally processed alternatives. This shift can impact the demand for certain processing equipment designed for heavily processed foods. Manufacturers may face challenges as consumer demand evolves towards healthier options, affecting the market for equipment specifically tailored for extensive food processing and potentially necessitating adaptations to meet new industry requirements.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In July 2022, QSR, which operates as a vegan quick-service restaurant chain across the market of Canada, has finalized its decision to establish a manufacturing facility that enables the company to increase its market reach in the retail sector and manage its existing supply needs. This move is expected to increase sales of food processing, servicing, and packaging across the global market
- In July 2022, Diageo announced its decision to acquire Vivanda, which is an operator of FlavorPrint artificial intelligence technology. This decision will lead to the introduction of modern technologies in the food processing industry
Global Food Processing and Food Material Handling Equipment Market Scope
The food processing and food material handling equipment market is segmented on the basis of equipment type, application, and form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Equipment Type
- Food Processing Equipment
- Food Packaging Equipment
Form
- Solid
- Liquid
- Semi-Solid
Application
- Bakery & Confectionery Products
- Meat & Poultry Products
- Dairy Products
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Fish & Seafood Products
- Others
Global Food Processing and Food Material Handling Equipment Market Regional Analysis/Insights
The food processing and food material handling equipment market is analyzed, and market size insights and trends are provided by country, equipment type, application, and form as referenced above.
The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.
Asia-Pacific is expected to dominate the market due to increasing production, import, and consumption of food processing and food material handling equipment in the region.
Europe is expected to grow with the highest growth rate in the forecast period of 2024 to 2031 due to the high potential of the food processing industry in European countries.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Food Processing and Food Material Handling Equipment Market Share Analysis
The food processing and food material handling equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food processing and food material handling equipment market.
Some of the major players operating in the food processing and food material handling equipment market are:
- ALFA LAVAL (Sweden)
- FENCO Food Machinery s.r.l. (Italy)
- JBT (U.S.)
- SPX FLOW (U.S.)
- TNA Australia Pty Limited (Australia)
- Krones AG (Germany)
- Schaaf Technologie GmbH (Germany)
- BAADER (Germany)
- Marel (Iceland)
- Bühler Group (Switzerland)
- The Middleby Corporation (U.S.)
- Lehui (China)
- GEA Group Aktiengesellschaft (Germany)
- Tetra Pak (Sweden)
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