Press release
Surge in Demand for Processed Foods Boosts Global Food Processing Machinery Market to $83.37 Billion by 2029
Food Processing Machinery Market Size
What Is The Projected Market Size Of The Global Food Processing Machinery Market And Its Growth Rate?
• The food processing machinery market sizewas $61.81 billion in 2024 and is projected to grow to $65.73 billion in 2025, marking a CAGR of 6.3%.
• Factors such as increasing global demand for processed foods, stringent food safety regulations, rising disposable income, and growing awareness of health and nutrition have contributed to the growth in the historic period.
• The food processing machinery market is expected to see substantial growth in the next few years, potentially reaching $83.37 billion in 2029 at a CAGR of 6.1%.
• The predicted growth in the forecast period is attributed to smart manufacturing and industry 4.0 integration, sustainable and eco-friendly solutions, global population growth, customization, and flexibility, rapid urbanization.
What Is Driving The Growth In The Food Processing Machinery Market?
Increased demand for processed food is expected to propel the growth of the food processing machinery market. The concept of processed food refers to any type of food that has been altered from its natural state through various food processing techniques, including cooking, canning, freezing, drying, or packaging. Food processing machinery plays a crucial role in these procedures. For instance, Agriculture and Agri-Food Canada (AAFC) reported in October 2023 that exports of processed food and beverage products in 2022 touched an all-time high of $54.3 billion, a 14.1% increase compared from 2021. These exports represented 34.7% of the total production value. The amplified consumption of processed food is thus significantly driving the food processing machinery market.
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Who Are the Key Players Driving Food Processing Machinery Market Growth?
• Tetra Laval International S.A.
• SPX Corporation
• Nichimo Co Ltd.
• GEA Group AG
• Hosokawa Micron Corp.
• John Bean Technologies Corporation
• Heat and Control Inc.
• Tomora Systems ASA
• AFE Group Ltd.
• Bühler AG
• Krones AG
• Alfa Laval AB
• Meyer Industries Inc.
• Baader North America Corporation
• Satake Corp.
• The Middleby Corp.
• Bucher Industries AG
• Marel
• Clextral
• Fenco Food Machinery
• Braunschweigische Maschinenbauanstalt AG
• KHS GmbH
• Bizerba SE & Co. KG
• Atlas Pacific Engineering Company Inc.
• Duravant Company
• Asea Brown Boveri Ltd.
• Baader
• Mecatherm
• FAM Stumabo
• Rheon Automatic Machinery Co. Ltd.
• Heatcraft Worldwide Refrigeration
• Anko Food Machine Co. Ltd.
• Baker Perkins
What Are The Key Trends In The Food Processing Machinery Market?
• Automation and robotics integration
• Focus on sustainability
• Advanced sensor technologies
• Data analytics and machine learning
• Customization and modular design
What Are The Segments Of The Global Food Processing Machinery Market?
1) By Type: Depositor, Extruding Machines, Mixers, Refrigeration, Slicers And Dicers, Other Types
2) By Mode Of Operation: Semiautomatic, Fully Automatic
3) By Application: Bakery And Confectionery, Meat, Poultry And Seafood, Dairy, Beverages, Other Applications
Which Region Leads The Food Processing Machinery Market?
Europe was the largest region in the food processing machinery market in 2024. Moreover, Asia-Pacific is predicted to be the fastest-growing region in the global food processing machinery market during the forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Food Processing Machinery Market Global Market Report?
- Market Size Analysis: Analyze the Food Processing Machinery Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Food Processing Machinery Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Food Processing Machinery Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Food Processing Machinery Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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