Food Processing Machinery Market Set to Reach USD 109.6 Billion by 2035 at a CAGR of 4.2% - Industry Equipment Forecast Signals Strong Growth

According to a new report by Maximize Market Research, the global food processing machinery market was valued at approximately USD 69.7 billion in 2024 and is projected to reach around USD 109.6 billion by 2035, expanding at a compound annual growth rate (CAGR) of about 4.2% between 2025 and 2035.

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♦ Key Highlights

Market size + CAGR: From ~USD 69.7 billion in 2024 to ~USD 109.6 billion by 2035, at a CAGR of ~4.2%.

Leading application/segment: The meat, poultry & seafood processing segment leads revenue generation.

Fastest-growing or largest regional market: North America is expected to hold the largest share; Asia Pacific showing robust growth potential.

Key drivers, restraints or trends: Drivers include rising processed food consumption, automation and advanced technologies; restraint includes high equipment investment and skilled labour shortages.

Mention of top companies: Major players such as JBT Corporation, GEA Group Aktiengesellschaft, SPX Flow Inc. and The Middleby Corporation are active in the food processing machinery and equipment sector.

♦ Market Outlook

The global food processing machinery market is poised for moderate yet steady growth driven by the increasing global demand for processed and convenience foods. As manufacturers seek to improve production efficiency, hygiene standards and automation, investment in processing machinery is rising. The machinery types most in demand include extruders, forming machines, ovens/dryers, refrigeration/freezing and slicing/dicing equipment.
While growth is meaningful, the market faces headwinds such as high capital expenditures for processing plants, elevated equipment costs and a shortage of trained operators, particularly in emerging regions.
Automation and the integration of Industry 4.0 capabilities (IoT sensors, robotics, data analytics) are emerging as key differentiators for manufacturers of processing machinery, offering efficiency gains and compliance with food safety regulations.

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♦ Regional Insights

North America has been identified as the largest regional market for food processing machinery, supported by advanced food production infrastructure and strong demand for processed food products. Meanwhile, Asia Pacific presents the fastest-growing opportunity, driven by rising disposable incomes, urbanisation and expansion of food processing facilities in countries such as India and China.
Europe remains a mature market with steady demand; however, growth is comparatively restrained relative to emerging economies. The Middle East & Africa and Latin America markets are expected to grow at slower rates but offer niche opportunities in regional value-chains and contract manufacturing setups.

♦ Key Players & Competitive Landscape

Equipment manufacturers are seeking to broaden their portfolios via new product launches, strategic partnerships and geographic expansions. Industry leaders such as JBT Corporation, GEA Group, SPX Flow Inc. and The Middleby Corporation are emphasising automation-enabled solutions and after-sales service networks to differentiate in a competitive environment.
The competitive landscape is also characterised by consolidation and the emergence of smaller specialty machinery firms focusing on certain food categories (e.g., bakery, meat, ready-to-eat meals).

♦ Quote

"As consumer demand evolves towards convenient, hygienic and high-quality food products, the machinery that supports these operations will become a key investment vector for processors," said Dr. Anna Li, Senior Industry Analyst at Maximize Market Research. "The global food processing machinery market presents a substantial opportunity for manufacturers who embrace automation and service-led business models."

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