Press release
Meticulous Research® Forecasts Global Food Processing Equipment Market to Reach $103.82 Billion by 2031
Meticulous Research®, a globally recognized leader in market research and analysis, has published its latest report titled "Food Processing Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Meat, Poultry, and Seafood, Beverage, Bakery, Dairy, Fruit, and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic) - Global Forecast to 2031."Download Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5049
According to the report, the global food processing equipment market is expected to grow at a CAGR of 5.6%, reaching $103.82 billion by 2031. This growth is driven by a rising demand for processed food, a heightened focus on food and worker safety, and the increasing need for enhanced productivity. In addition, manufacturers are prioritizing cost-efficiency in production, while government initiatives are also fostering the development of the food processing sector. However, market growth is tempered by the high costs of equipment and shifting consumer preferences towards minimally processed food products.
Emerging economies in Latin America, Southeast Asia, and Africa, along with the expanding plant-based food sector, are expected to offer lucrative opportunities for market participants. Conversely, a shortage of skilled labor remains a significant challenge for the industry.
Market Segmentation
The food processing equipment market is segmented based on type, mode of operation, and geography.
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• By Type: Key segments include meat, poultry, and seafood processing; bakery processing; beverage processing; dairy processing; chocolate and confectionery; fruit and vegetable processing; and snacks processing equipment. In 2024, the meat, poultry, and seafood processing segment is expected to dominate with a 25.5% share, fueled by increasing meat production and rising demand for protein-rich food products. Meanwhile, the beverage processing equipment segment is projected to exhibit the highest CAGR of 6.6% during the forecast period, driven by innovations in beverage production and processing technologies.
• By Mode of Operation: The market is categorized into semi-automatic and automatic equipment. In 2024, semi-automatic systems are expected to account for 60.3% of the market due to their flexibility, improved labor productivity, and cost-efficiency. However, the automatic equipment segment is forecasted to witness faster growth with a CAGR of 6.4%, as businesses increasingly adopt automation for enhanced efficiency, safety, and reduced operational costs.
• By Geography: The Asia-Pacific region is expected to dominate the global food processing equipment market, capturing 43.0% of the market share in 2024, followed by Europe and North America. The Asia-Pacific market, valued at $30.38 billion in 2024, is driven by growing demand for processed food across emerging economies like India, China, Indonesia, and Thailand, coupled with rising investments from major food and beverage players and government initiatives to boost the food processing sector.
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Key Market Players
Prominent players in the global food processing equipment market include Bühler AG (Switzerland), Marel hf (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Heat and Control Inc. (U.S.), SPX Flow, Inc. (U.S.), Alfa Laval AB (Sweden), Krones AG (Germany), Paul Mueller Company (U.S.), Tetra Pak International S.A. (Sweden), Bigtem Makine A.S. (Turkey), TNA Australia Pty Limited (Australia), and Hosokawa Micron B.V. (Netherlands).
Related Reports:
South East Asia Food Processing Equipment Market - https://www.meticulousresearch.com/product/south-east-asia-food-processing-equipment-market-4194
Plant-based Food Processing Equipment Market - https://www.meticulousresearch.com/product/plant-based-food-processing-equipment-market-5493
Bakery Processing Equipment Market - https://www.meticulousresearch.com/product/bakery-processing-equipment-market-4854
Meat Processing Equipment Market - https://www.meticulousresearch.com/product/meat-processing-equipment-market-5760
Snacks Processing Equipment Market - https://www.meticulousresearch.com/product/snack-processing-equipment-market-5275
Insect Protein Processing Equipment Market - https://www.meticulousresearch.com/product/insect-protein-processing-equipment-market-5340
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