The Global Food Processing Equipment Market was valued at $57.3 Billion in 2020. Growing at a high CAGR of more than 6.1% between 2021 and 2031, it is estimated to reach $111.2 Billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased demand for poultry, seafood, meat products along with the increased demand for packaged food products like frozen meals, ready to eat foods are the main factors that will help to accelerate the growth of this market during the forecasted period.
Global Food Processing Equipment Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
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The Global Food Processing Equipment Market has been segmented into the mode of operation, type, and application. On the basis of mode of operation Global Food Processing Equipment Market has been segmented into Automatic, Semi-Automatic. On the basis of type Global Food Processing Equipment Market has been segmented into Processing Equipment, Pre-Processing Equipment. On the basis of application it has been segmented into Bakery & Confectionaries, Meat, Poultry, & Seafood, Beverage, Dairy, Fruit, Nut, & Vegetable, Grains, Other.
By Region, Asia Pacific Is Holding the Major Market Share
The Global Food Processing Equipment Market has been geographically segmented into North America, South America, Europe, Asia Pacific, Middle East, and Africa. In addition to this, Asia Pacific Global Food Processing Equipment Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the upcoming forecasted period. Rapid development in food packaging processing technologies in the developing countries is the main factor that has led this region to dominate the market during the forecasted period. Besides this South America is also going to witness remarkable growth during the upcoming forecasted period.
Major Players in Global Food Processing Equipment Market
Some of the major players in Global Food Processing Equipment Market include BAADER Group, Marel, Bühler AG, GEA Group Aktiengesellschaft, The Middleby Corp., Tetra Laval International S.A, Alfa Laval, Krones AG, JBT Corp., SPX Flow Inc., LEHUI, Equipamientos Cárnicos, S.L. (MAINCA), FENCO Food Machinery s.r.l., Strategic initiatives, Bigtem Makine A.S.
Scope of the Report:
Report Coverage |
Details |
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Base Year: |
2020 |
Market Size in 2020: |
US$ 57.3 Billion |
Historical Data for: |
2018 to 2020 |
Forecast Period: |
2021 to 2031 |
Forecast Period 2021 to 2031 CAGR: |
6.1% |
2031 Value Projection: |
US$ 111.2 Billion |
Segments covered: |
By Mode of Operation – Automatic, Semi-Automatic. By Type - Processing Equipment, Pre-Processing Equipment. By Application - Bakery & Confectionaries, Meat, Poultry, & Seafood, Beverage, Dairy, Fruit, Nut, & Vegetable, Grains, Other. |
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Geographies covered: |
North America: U.S., Canada, Mexico Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Africa: South Africa, North Africa, and Africa Middle East: GCC, Israel, and Rest of Middle East Latin America: Brazil, Argentina, Rest of Latin America |
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Companies covered: |
BAADER Group, Marel, Bühler AG, GEA Group Aktiengesellschaft, The Middleby Corp., Tetra Laval International S.A, Alfa Laval, Krones AG, JBT Corp., SPX Flow Inc., LEHUI, Equipamientos Cárnicos, S.L. (MAINCA), FENCO Food Machinery s.r.l., Strategic initiatives, Bigtem Makine A.S. |
The Global Food Processing Equipment Market Has Been Segmented Into:
Global Food Processing Equipment Market, By Mode of Operation
Global Food Processing Equipment Market, By Type
Global Food Processing Equipment Market, By Application
Global Food Processing Equipment Market, By Region
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