Food and Beverages Processing Equipment Market Report by Type (Pre-Processing, Processing), End Product Form (Solid, Liquid, Semi-Solid), Mode of Operation (Semi-Automatic, Automatic), Application (Bakery and Confectionery, Meat and Poultry, Dairy Products, Fish and Seafood, Alcoholic Beverages, Non-Alcoholic Beverages, and Others), and Region 2023-2028
The global food and beverages processing equipment market size reached US$ 58.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.26% during 2023-2028.
Food and Beverages Processing Equipment Market Size in 2022
US$ 58.2 Billion
Food and Beverages Processing Equipment Market Forecast in 2028
US$ 79.7 Billion
Food and Beverages Processing Equipment Market Growth Rate (2023-2028)
Food and beverage processing equipment use physical and chemical means to transform raw ingredients into prepared food and are used in the production of dairy, bakery, poultry, seafood, beverage and confectionery products. In addition to this, they are employed to monitor processes in packaging and labeling applications and quality management. Apart from this, processing equipment are also being used to automate various processes in the food and beverage industry, such as heating, blanching, cooking, and pasteurization, to decrease the overall production time and increase the efficiency. In recent years, the strict regulations and guidelines governing the food and beverage industry have increased the demand for high-quality processing equipment worldwide.
Global Food and Beverages Processing Equipment Market Drivers:
The arrival of green technologies has encouraged the manufacturers to replace their old food and beverage processing equipment with energy-efficient variants that help in minimizing the overall cost of production and reducing their carbon footprint. The manufacturers are also introducing advanced technologies to improve the existing processing equipment. For instance, they are incorporating machine learning and Industrial Internet of Things (IIoT) as well as offering flexible and customizable equipment. Some of the other factors driving the growth of the global food and beverage processing equipment market include altering dietary preferences, rising number of quick-service restaurants (QSRs), and growing demand for healthy, nutritious and ready-to-eat food products.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food and beverages processing equipment market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, end product form, mode of operation and application.
Breakup by Type:
Among these, processingrepresents the most preferred type.
Breakup by End Product Form:
Currently, solid products dominate the market, holding the largest share.
Breakup by Mode of Operation:
Semi-Automaticcurrently represents the biggest segment.
Breakup by Application:
Bakery and Confectionery
Meat and Poultry
Fish and Seafood
At present, the meat and poultry industry exhibits a clear dominance in the market.
Breakup by Region:
Middle East and Africa
Amongst these, Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has been examined with some of the key players being Marel, GEA Group, Bühler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Equipamientos Cárnicos, S.L. (Mainca), Clextral, SPX Flow, Bigtem Makine, Fenco Food Machinery and Krones Group.
Base Year of the Analysis
Type, End Product Form, Mode of Operation, Application, Region
North America, Europe, Asia Pacific, Middle East and Africa, Latin America
Marel, GEA Group, Bühler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Equipamientos Cárnicos, S.L. (Mainca), Clextral, SPX Flow, Bigtem Makine, Fenco Food Machinery and Krones Group
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Key Questions Answered in This Report
The global food and beverages processing equipment market was valued at US$ 58.2 Billion in 2022.
We expect the global food and beverages processing equipment market to exhibit a CAGR of 5.26% during 2023-2028.
The introduction of energy-efficient food and beverages processing equipment, which help in minimizing the overall cost of production and reducing their carbon footprint, is primarily driving the global food and beverages processing equipment market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of various end-use industries for food and beverages processing equipment.
Based on the type, the global food and beverages processing equipment market has been divided into pre-processing and processing. Currently, processing exhibits a clear dominance in the market.
Based on the end product form, the global food and beverages processing equipment market can be categorized into solid, liquid, and semi-solid. Among these, solid products account for the majority of the global market share.
Based on the mode of operation, the global food and beverages processing equipment market has been segregated into semi-automatic and automatic, where semi-automatic currently holds the largest market share.
Based on the application, the global food and beverages processing equipment market can be bifurcated into bakery and confectionery, meat and poultry, dairy products, fish and seafood, alcoholic beverages, non-alcoholic beverages, and others. Currently, the meat and poultry industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
Some of the major players in the global food and beverages processing equipment market include Marel, GEA Group, Bühler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Equipamientos Cárnicos, S.L. (Mainca), Clextral, SPX Flow, Bigtem Makine, Fenco Food Machinery, and Krones Group.
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