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Food Processing Equipment Market Analysis

Report ID: GMI6839
Published Date: Oct 2023
Report Format: PDF

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Food Processing Equipment Market Analysis

Food Processing Equipment Market Size, By Mode of Operation, 2021 - 2032 (USD Billion)

The automatic food processing equipment market dominated around USD 21.4 billion revenue in 2022. Automatic equipment dominates, rapidly growing due to efficiency and reduced labor costs. Semi-automatic equipment is prevalent, offering a balance between automation and manual control. Manual equipment usage is declining, primarily in smaller-scale operations.

Food Processing Equipment Market Revenue Share, By Process, (2022)

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The processing segment held over 64% of the food processing equipment market share in 2022. The processing equipment category continues to dominate with machinery for cooking, blending, packaging and others while pre-processing equipment is registering high growth rates as they mainly cater to the early stages of food preparation such as sorting, cleaning, and cutting

The cutting and slicing equipment segment recorded more than 26% of the market share in 2022, thanks to the need of exact weighing technology. Leading the way in this trend are mixers and blenders driven by an increased desire for uniform products. Food preparation & conservation, cooking & heating appliances are rapidly scaling up, being more conveniently adapted.

The bakery & confectionaries segment recorded 22% of the food processing equipment market share in 2022, due to rising consumer demand for baked products. As for the top segments based on demand, meat, poultry & seafood processing machinery holds the maximum share amongst them. Beverages lead the pack, buttressed by innovations in beverage processing techniques, and changing consumer habits that call for new drink varieties.

U.S Food Processing Equipment Market Revenue, 2021 - 2032 (USD Billion)

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U.S. food processing equipment market size reached USD 8.4 billion in 2022. North America has a major chunk of its food processing equipment industry leveraging automation and smarter technology to boost productivity and production capacity. Environmental consciousness leads to the development of sustainable, greener products. Packaging Equipment- Demand is Leading driven by increased require for processed and packed food.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food processing equipment reached USD 43.8 billion in 2022 and is set to cross USD 69.3 billion by 2032, owing to the growing adoption of automated machinery due to the surging demand for processed and packed food.

Automatic food processing equipment industry generated USD 21.4 billion in revenue in 2022, due to their increasing efficiency and reduced labor costs.

U.S. market size was valued at USD 8.4 billion in 2022, attributed to the increasing adoption of automation and smarter technology across the food industry to boost productivity and production capacity.

Some of the leading industry players include Tetra Pak, Bühler AG, Alfa Laval, JBT Corporation, GEA Group, Marel, Middleby Corporation, Illinois Tool Works, Dover Corporation, Heat and Control, Inc., SPX FLOW, Krones AG, Bucher Industries, and Hosokawa Micron Group.