The global food processing machinery market size is expected to grow at a CAGR of 5.9% during the forecast period, 2023–2031.
Food processing machinery comprises the components, equipment, and systems employed to cook, prepare, and package food items. While it is primarily used with the aim to increase the shelf life of food products, some machinery is also used for preparation, handling, and packaging.
Dairy, bakery, and beverage are some of the key end-use industries where food processing machinery finds application in cleaning, blending, baking, and freezing, among others. The machinery is configured and constructed to handle solid, semi-solid, and liquid forms of food products. Food processing helps in the elimination of bacteria and provides an enhanced appearance.
Globally, a number of factors have been spurring the shift to packaged, processed, and convenience foods, which require food processing machinery. Urbanization, expanding workforce, rising disposable income, and sedentary lifestyle are some of the key factors fostering this shift and, ultimately, bolstering the growth of the food processing machinery market.
Government initiatives targeting higher poultry, meat, dairy, and fish production will foster the growth of the food processing machinery market during the forecast period. Russia, Indonesia, and other countries are observed to be taking several measures to enhance their domestic production in this regard.
Quality remains a key focus area, with many companies looking for novel approaches to offer products of the highest quality standard. Players are incorporating advanced technologies such as IoT and AI in food processing machinery to increase efficiency. IoT helps attain optimum food safety, enhance food traceability, and cut down wastage. It employs sensors for the real-time temperature monitoring of products.
Study Period | 2020-2032 | CAGR | 5.9% |
Historical Period | 2020-2022 | Forecast Period | 2024-2032 |
Base Year | 2023 | Base Year Market Size | USD XX Billion |
Forecast Year | 2032 | Forecast Year Market Size | USD XX Billion |
Largest Market | Asia-Pacific | Fastest Growing Market |
Asia-Pacific is expected to register the highest CARG in the global food processing machinery market, with India and China as the key contributors. The rapidly growing packaged food industry in the emerging economies drives the demand for food processing machinery in the region.
India is a prominent producer and consumer of food products. As per the India Brand Equity Foundation, India ranks first globally in terms of milk production and second in terms of fruit and vegetable production. The country’s sizable millennial population and the growing prevalence of nuclear families drive the demand for processed food. Additionally, rising heath-consciousness among the country’s populace also contributes to the demand.
A majority of food processing machinery manufacturers in India are shifting toward advanced and sophisticated machinery. As each process in food manufacturing significantly impacts the quality of the end product, it becomes imperative for manufacturers to understand every detail and work toward improvement in every regard.
Key players in India employ competitive pricing as a key strategy to enhance their market presence. They manufacture superior quality machinery as per specific customer requirements and offer these at reasonable prices. Further, there is an increasing emphasis on novel technologies to cater to customer demand for innovative products.
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The global food processing machinery market is bifurcated into processing equipment and packaging equipment on the basis of type. Among the two, the food processing equipment segment accounts for a relatively larger value share owing to extensive R&D. The increasing demand for efficient and innovative equipment from food production companies has compelled manufacturers to innovate their offerings. Additionally, the escalating demand for processed foods from consumers also contributes to the segment’s dominance.
On the basis of mode of operation, the food processing machinery market is divided into semi-automatics and automatic. Among the two, the automatic segment dominates the market. In the past, companies preferred semi-automatic food processing machinery for its cost-effectiveness. However, the scenario has changed in light of the intense competition in the market. Today, companies prefer automatic food processing machinery to gain a competitive advantage.
On the basis of application, the food processing machinery market is segmented into bakery and confectionery, meat and poultry, dairy, beverages, seafood, and others. The bakery and confectionary segment holds the lion’s share of the market owing to the increasing demand for bakery products. Customers from various European countries, including Germany and the U.K., prefer bread and related products for daily consumption. A report by the Federation of Bakers pegged the yearly bread consumption in the European Union at around 50 kg per person.
Premium bakery items such as donuts, pastries, and cookies are also gaining traction in the region. The increasing number of bakery shops in emerging economies is also contributing to the demand for food processing equipment in the production of various types of confectionery products.
The beverage industry is also a key segment for food processing equipment. The demand for alcohol and soft drinks, among other products, is increasing considerably around the world, which is accelerating the adoption of food processing machinery in the beverage sector.