Food and Beverage Processing Equipment Market By Type (Pre Processing, Processing), By Application (Bakery & Confectionery Products, Meat & Poultry, Dairy Products), By End Product Form (Solid, Liquid, Semi-Solid), By Mode of Operation (Semi-automatic, Au

Global Food and Beverage Processing Equipment Market was valued at USD 52.31 Billion in the year 2017. Global Food and Beverage Processing Equipment Market is further estimated to grow at a CAGR of 6.21% from 2018 to reach USD 75.09 Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China and U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

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Marel (Iceland), GEA Group(Germany), Bühler (Switzerland) are the key players in this market.

Drivers:

• Growing demand for processed and convenience food

Restraints:

• Rising costs of production due to increasing energy and labor costs

Opportunities:

• Emerging Markets

Challenges:

• High Initial Investment and Recurring Cost

The Global Food and Beverage Processing Equipment Market is divided as By Type, Application, End product form, Mode of operation and Region. On the basis of Type, the market is divided as pre-processing and processing. PVDF membranes are expected to command for the major share of the market. This can be attributed to the advantages of PVDF membranes over its counterparts, such as better protein retention, strength, chemical compatibility, and wide applications in western blotting.

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On the basis of application, the food & beverage processing equipment market is segmented into bakery & confectionery products, meat & poultry, dairy products, non-alcoholic beverages, alcoholic beverages, fish & seafood, and others. The bakery & confectionery products segment accounted for the largest share, followed by meat & poultry segment. Processing equipment such as industrial ovens, molders, formers, mixers, blenders, and cutters form an integral part of bakery and confectionery product manufacturing, and their high demand is mainly due to the highly fragmented bakery & confectionery products market and high prevalence and demand for these products in both developed and developing countries.

On the basis of Mode of Operation, the food & beverage processing equipment market is segmented into automatic and semi-automatic. The semi-automatic segment accounted for the larger market share in 2017. Unlike fully automatic equipment that require high capital investment, semi-automatic equipment enable small- and medium-scale manufacturers to support high yield with consistent quality, without compromising on the production efficiency. On the basis of End-Product form, the solid segment accounted for a larger market share, followed by liquid segment. The solid form is providing food manufacturers with easy handling and packaging of end products. The consumption of processed food in the solid form is driven by the fast food and convenience food trend across the globe, with the changing lifestyles in developing and developed countries.

Due to these factors, the market for the processing equipment used for the solid form of food & beverages accounted for the larger share and is expected to grow at a moderate CAGR of XXX% in the coming years.

Key Benefits for Stakeholders

• Regulatory and research organizations
• Food & beverage producers, suppliers, and distributors
• Equipment manufacturers, traders, distributors, and dealers

By Type

• Pre Processing
• Processing

By Application

• Bakery & Confectionery Products
• Meat & Poultry
• Dairy Products
• Fish & Seafood
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Others

By End Product Form

• Solid
• Liquid
• Semi-Solid

By Mode of Operation

• Semi-automatic
• Automatic

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• Marel
• GEA Group
• Bühler
• JBT Corporation
• Alfa Laval
• TNA Australia Solutions
• Bucher Industries
• Equipamientos Cárnicos
• Clextral
• SPX Flow

(A brief overview of 10 companies is also provided)

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This release was published on openPR.