Explosive Growth Anticipated: Plant-Based Food Processing Equipment Market to Hit $7.79 Billion by 2030

Meticulous Research® recently published a report predicting that the global PLANT-BASED FOOD PROCESSING EQUIPMENT market will grow significantly, reaching $7.79 billion by 2030, at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. This forecast is underpinned by several key factors, including the rising consumer demand for plant-based food products, technological innovations in processing equipment, and increased investments in the sector. Despite this promising growth, challenges remain, particularly the high cost of plant-based food processing equipment. The elevated prices of this equipment compared to those used for animal-based food production pose barriers, particularly for small businesses and startups aiming to enter the market.

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Segmentation Analysis:

Equipment Types and Their Role in the Market :

The global plant-based food processing equipment market is segmented by type, operational mode, production facility size, and geography. Key equipment types include dryers, mixers & grinders, extruders, pasteurizers, ovens, formers, homogenizers, and others, catering to various stages of food production. Each type plays a crucial role in meeting the specific needs of the plant-based food production process, contributing to product quality, hygiene, and efficiency.
The report highlights the dryers segment as a dominant player in the market for 2023, primarily due to their ability to improve product hygiene and overall quality. By removing moisture from food ingredients, dryers not only enhance texture and flavor but also reduce waste and increase production efficiency. This equipment is particularly beneficial as plant-based food manufacturers seek to transition from traditional drying methods to more advanced technologies.

The Rise of Automation in Plant-Based Food Processing :

In terms of the mode of operation, the report anticipates that the automatic segment will experience the highest growth rate during the forecast period. The rise of automation in the plant-based food processing equipment market is driven by the need for increased productivity, high system efficiency, and cost reductions in labor. Automated equipment ensures consistent quality in terms of texture, flavor, and appearance, which is essential for companies producing large quantities of plant-based foods. This consistency allows manufacturers to maintain the same product standards across their range, which is critical for building customer trust and meeting regulatory requirements.

Small & Medium-Sized Enterprises Lead the Way :

The market is further categorized by the size of production facilities, with small and medium-sized enterprises (SMEs) expected to capture a larger share of the market in 2023. These smaller facilities are benefiting from government support programs and an increasing consumer trend toward plant-based food products. For SMEs, the adoption of plant-based food processing equipment offers numerous advantages, including higher productivity, reduced labor costs, and the potential for higher profit margins. As a result, these enterprises are driving growth in the market, fostering innovation and diversification in plant-based food production.

North America Takes the Lead in Market Share :

Geographically, North America is projected to hold the largest market share in the plant-based food processing equipment market for 2023. Several factors contribute to this dominance, including the presence of major plant-based food manufacturers and a growing number of SMEs focused on plant-based products. The increasing adoption of vegan food, coupled with significant R&D investments in food processing technologies, has created a robust market environment in the region. Moreover, advancements in automation and other technological innovations are further driving demand for efficient plant-based food processing equipment.

As the plant-based food sector continues to expand globally, the market for advanced food processing equipment is expected to follow suit, creating new opportunities for manufacturers and suppliers to meet the evolving demands of this dynamic industry.

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Key Players:

The plant-based food processing equipment market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the plant-based food processing equipment market are Alfa Laval AB (Sweden), amixon GmbH (Germany), ANDRITZ AG (Austria), Bühler Group (Switzerland), Coperion GmbH (Germany), Clextral SAS (France), Duravant LLC (U.S.), Flottweg SE (Germany), GEA Group Aktiengesellschaft (Germany), Marel hf. (Iceland), SPX FLOW, Inc. (U.S.), and Tetra Pak (Switzerland).

Key Questions Answered in the Report-

• What is the current value of revenue generated by the plant-based food processing equipment market?
• At what rate is the demand for plant-based food processing equipment projected to grow for the next 5-7 years?
• What was the historical market size and growth rate for the plant-based food processing equipment market?
• What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
• Which segments in terms of type, mode of operation, and production facility size have created major traction for the manufacturers in this market in recent years?
• What are the key geographic trends in this market? Which regions/countries are expected to offer significant growth opportunities for plant-based food processing equipment manufacturers?
• Who are the major players in the plant-based food processing equipment market? What are their specific product offerings in this market?
• What recent developments have taken place in the plant-based food processing equipment market? What impact have these strategic developments created on the market?

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TRENDING ARTICLE :

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This release was published on openPR.