DUBLIN--(BUSINESS WIRE)--The "Food & Beverage Processing Equipment Market by Type (Processing, Pre-Processing), Application (Bakery & Confectionery, Meat & Poultry, Dairy, Alcoholic & Non-Alcoholic Beverages), Mode of Operation, End-Product Form and Region - Global Forecast to 2026" report has been added to offering.
The food & beverage processing equipment market was estimated at USD 58.3 billion in 2021. It is projected to reach USD 76.0 billion by 2026 at a CAGR of 5.5% during the forecast period.
Advancements in the food processing industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food & beverage processing equipment market. With the growing preference for healthy and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods & beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies will also support the growth of the food & beverage processing equipment market.
The processing segment dominated the market for food & beverage processing equipment and was valued at USD 37.41 billion in 2020 and is projected to grow at a CAGR of 5.5% during the forecast period. The rapidly growing bakery products, dairy products, and beverages industries are also expected to accelerate the demand for equipment for faster and more efficient processing to meet consumer demand.
The solid segment is projected to grow at the highest CAGR of 6.7% from 2021 to 2026. The increasing trend of consumption of ultra-processed foods such as cakes, biscuits, bread, pizza, fried snacks, and confectionery items contributes to the increased demand for the solid form of food products. The solid form allows easy handling and packaging of end products. The consumption of processed food in the solid form is driven by the fast food and convenience food trends across the globe, with the changing lifestyles in developing and developed countries.
The automatic segment of the global food & beverage processing equipment market is projected to grow at a higher CAGR of 5.5% from 2021 to 2026. Fully automated processing equipment contribute to accurate processing, quick and reliable production processes, optimum utilization of time, reduced labor costs, and controlled operations. International manufacturers offer complete turnkey solutions that are able to conduct pre-processing and actual processing operations and packaging of food products.
Leading players profiled in this report:
Marel
GEA Group
Buhler
JBT
The Middleby Corporation
Heat and Control, Inc.
Alfa Laval
TNA Australia Pty Ltd.
Bucher Industries
Equipamientos Carnicos, S.L
Clextral
SPX FLOW
Bigtem Makine
FENCO Food Machinery
Krones Group
Finis Food Processing Equipment B.V.
Bettcher Industries, Inc.
Anko Food Machine Co. Ltd.
Heat and Control, Inc.
BAADER
Dover Corporation
Premium Insights
Growing Consumption of Processed and Convenience Food to Drive the Demand
Food & Beverage Pre-Processing Equipment Market, by Type - Mixing & Blending Equipment Projected to be the Largest Pre-Processing Type by 2026
Pre- & Post-COVID Scenarios in the Food & Beverage Processing Equipment Market
Asia-Pacific: Food & Beverage Processing Equipment Market, by Key Country & End-Product Form - China Accounted for the Largest Share of the Asia-Pacific Market in 2020
Food & Beverage Processing Equipment Market, by Key Country - US Dominated the Market in 2020
Market Dynamics
Drivers
Need for Health and Uniqueness Drives Innovations in Complex Machinery
Growth in Demand for Convenience Food Products
Automation and Robotics in Food & Beverage Processing
Restraints
High Installation, Maintenance, and Operational Costs
Difficulty in Maintaining the Production of Stock-Keeping Units (SKUs) in Complex Processing Machinery
Opportunities
Increase in Demand for New Products and Boost in Sales for Processed Amid COVID-19
Government Initiatives and Investments to Expand the Processed Food Sector in Developing Regions
Challenges
Stringent Quality Compliances and Tedious Maintenance Requirements of Food Processing Equipment
Impact of COVID-19 on Market Dynamics
COVID-19 Driving the Demand for Processed Food & Beverage Products as Convenient and Hygienic
COVID-19 Impact on the Processed Food & Beverage Products Supply Chain
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