Food Processing Equipment Industry Forecast: $103.82 Billion Market Value by 2031

Meticulous Research® has released a comprehensive report titled “Food Processing Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Meat, Poultry, and Seafood, Beverage, Bakery, Dairy, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic) – Global Forecast to 2031.” This report provides an in-depth analysis of the food processing equipment market, highlighting key trends and forecasting market growth through 2031.

Market Overview

According to Meticulous Research®, the global food processing equipment market is projected to reach $103.82 billion by 2031, with a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. The market’s expansion is primarily driven by several factors:

  • Increasing demand for processed foods
  • Growing emphasis on food and worker safety
  • Need to enhance productivity
  • Focus on reducing production costs
  • Government initiatives supporting the food processing industry

However, challenges such as the high cost of equipment and a growing preference for minimally processed foods are expected to restrain market growth.

Emerging Opportunities

Emerging markets in Latin America, Southeast Asia, and Africa, along with the rapidly growing plant-based food sector, present significant growth opportunities for market players. Conversely, a shortage of trained labor remains a major challenge for market development.

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Market Segmentation

1. By Type:

  • Meat, Poultry, and Seafood Processing Equipment
  • Bakery Processing Equipment
  • Beverage Processing Equipment
  • Dairy Processing Equipment
  • Chocolate and Confectionery Processing Equipment
  • Fruit and Vegetable Processing Equipment
  • Snacks Processing Equipment
  • Other Food Processing Equipment

In 2024, the meat, poultry, and seafood processing equipment segment is expected to hold the largest market share at 25.5%. This is attributed to increased meat production, high demand for processed meat, stringent food safety standards, and consumer preference for protein-rich foods. However, the beverage processing equipment segment is projected to experience the highest CAGR of 6.6% from 2024 to 2031.

2. By Mode of Operation:

  • Semi-Automatic
  • Automatic

In 2024, the semi-automatic segment is anticipated to capture a larger market share at 60.3%, due to benefits such as enhanced labor productivity, production flexibility, and economic feasibility. Meanwhile, the automatic segment is expected to register a higher CAGR of 6.4%, driven by the need for greater efficiency, improved food safety, and the advantages of automated equipment, including reduced labor costs and minimized human error.

3. By Geography:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

In 2024, Asia-Pacific is projected to dominate the global market with a 43.0% share, followed by Europe and North America. The region’s significant market share is attributed to the rising demand for processed foods in countries like India, China, Indonesia, and Thailand, substantial investments by major food and beverage companies, and supportive government policies. The Asia-Pacific food processing equipment market is estimated to be valued at USD 30.38 billion in 2024.

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Key Market Players

The leading companies in the global food processing equipment market includes Bühler AG (Switzerland), Marel hf (Iceland), GEA Group Aktiengesellschaft (Germany), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), The Middleby Corporation (U.S.), Heat and Control Inc. (U.S.), SPX Flow, Inc. (U.S.), Alfa Laval AB (Sweden), Krones AG (Germany), Paul Mueller Company (U.S.), Tetra Pak International S.A. (Sweden), Bigtem Makine A.S. (Turkey), TNA Australia Pty Limited (Australia), and Hosokawa Micron B.V. (Netherlands).

 

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