In 2022, the Food Processing and Handling Equipment Market had a market value of USD 65.3 Billion, and it is projected to reach USD 72.6 Billion by 2032, with a compound annual growth rate (CAGR) of 6.8% during the forecast period. Several factors are contributing to the growth of this market, including increasing consumer demand for processed food products, greater awareness of food safety and hygiene, advancements in food processing equipment technology, and the need for automation to enhance operational efficiency in the food industry.
The rising global population and changing consumer preferences towards convenient and processed food items are driving the demand for food processing and handling equipment. The demand for packaged and ready-to-eat food products is on the rise due to urbanization and modernization trends worldwide, leading to increased investments in food processing and handling machinery. Additionally, the market is experiencing growth due to the need for food products with extended shelf lives and the expanding popularity of online food delivery services.
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Top Companies Operating in the Global Food Processing and Handling Equipment Market Report:
- Tetra Laval International S.A.
- Alfa Laval AB
- Bühler Holding AG
- GEA Group Aktiengesellschaft
- John Bean Technologies Corporation
- Heat and Control, Inc.
- Marel hf.
- SPX FLOW, Inc.
- Key Technology, Inc.
- LECO Corporation
- Heat Exchange and Transfer, Inc.
Drivers of Food Processing and Handling Equipment Market
- Growing Global Food Industry: The global food industry has been experiencing continuous growth due to factors such as population expansion, urbanization, changing consumer preferences, and increasing disposable incomes. This growth has led to a higher demand for processed and packaged food, driving the need for advanced food processing and handling equipment.
- Food Safety and Hygiene Regulations: Governments and regulatory bodies worldwide have been implementing stringent food safety and hygiene regulations to ensure the quality and safety of food products. To comply with these regulations, food manufacturers are adopting automated and technologically advanced equipment to minimize contamination risks and ensure proper handling and processing.
- Increasing Demand for Convenience Foods: The busy and fast-paced lifestyles of consumers have led to a rising demand for convenience foods that require minimal preparation time. This demand has fueled the adoption of food processing equipment capable of efficiently handling large-scale production of ready-to-eat and convenience food products.
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This report analyzes the Food Processing and Handling Equipment market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Food Processing and Handling Equipment market is provided to gain a deeper understanding of its growth and progress.
The global Food Processing and Handling Equipment market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Product Type Outlook:
- Processing Machinery
- Packaging Machinery
- Sorting and Grading Machinery
- Mixing and Blending Machinery
- Others
End-Use Outlook:
- Food and Beverage Industry
- Restaurants and Catering Services
- Others
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