Food Processing Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1379
Food Processing Equipment Market size is mainly driven by consumers changing habits, taste, and preferences in food, large customer base, change in lifestyle of consumers, easy availability of raw materials and need for broader options of food items. The demand for increasing packaged food in developing countries also drives the market. Rise in disposable income of the customers and increased availability of dairy products will boost food processing equipment market size.
Upsurging population of China and India with more than 1.3 billion inhabitants has increased the need for food which fuels the market. Hectic schedule and lack of time for cooking has boosted the food processing equipment market. Rise in employment of women and nuclear families have changed the regular food with processed meals to match their lifestyles.
Food processing equipment market is also determined by other factors such as increasing demand of meat, poultry, dairy, seafood products, and rising awareness of safety food products in consumers. Food processing is transforming the raw materials by undergoing chemical or physical means into valuable edible products. These equipments can be fully automatic or semi-automatic. They are also available in different categories such as roasters, chillers, dryers, grinders, slicers, ovens, feeders and fryers.
These tools are used in various industries which includes seafood and meat, poultry farm, dairy, chocolate, vegetable and beverage industry. Dairy and meat industry comes with high speed packing and labeling machinery. End products are available in the form of liquid, solid, and semi-solid.
Meat, poultry and seafood industry covers majority of market share and will hold the same for the forecasted period. Growing concern for safety and nutritious food will upsurge food processing equipment market size.
Types of equipment varies with region, North America, dominated by the U.S and Europe, led by Germany prefers full automated machines. While, in emerging economies, India and other Asian countries semi-automated units controls the market.
North America, led by the U.S. food processing equipment market holds the major market share as the country ranks third in consumption of processed meals. Safety norms created by FDA has helped U.S in manufacturing safe processed foods and has increased the trust of customers in such products. Food processing industries are serving safe and healthy products to their customers which drives the market in this region.
In Europe, Germany, France, Italy food processing equipment market will grow steadily in the forecasted period. Germany holds the major industry share in this region not only due to their diversified offerings in food and beverage market but also by their active response to their ever-changing customer needs and wants. Local R&D teams are able to develop new products according to culinary taste and preferences which drives the food processing equipment market. Delicate and complex processes can be dealt with advanced technologies in these high-tech nations will boost the food equipment processing market.
Asia-Pacific, dominated by India and China food processing equipment market is considered to be the fastest growing in this region. China is estimated to possess the largest market share in this region. Significant growth in disposable income and increasing demand for food and beverages is this country has augmented the market.
India food processing equipment market followed by China is rising due to increasing demand of process meals. Rising number of teenagers and youngsters have shifted their food taste and preferences towards processed meals. Rising income, urbanization and middle-class population will impel the food processing equipment market. In Union-Budget 2017-18, Indian government has taken some initiatives to improve this sector by providing dairy processing fund worth US$ 1.2 billion which will support the market growth.
Middle East countries like UAE and Dubai are undergoing into a rapid transformation of automatic machines with an increase in demand for automated solutions. Food manufacturers are shifting on ready to eat products and pre-packed vegetables which will have positive impact on food processing equipment market in this region.
Food processing equipment market share is fragmented and competitive in nature. Prominent market players are Buhler, Tetra Laval, GEA, Anko Food Machine, and Krones. Other well-known key players in this industry are Marel, JBT, Satake, Rheon, BMA, Bucher, Nichimo, Haas, and Meyer Industries.
The Buhler Group, prominent provider of optical sorters, has innovated a significant technology to help frozen vegetable and fruit processors achieve the highest food safety and hygiene standards. In June 2017, the company announced a new innovative technology named, SORTEX PolarVision, an FM detection system which delivers an outstanding result from single products to more complex vegetable mixes. The equipment is designed to see the difference between vegetable and non-vegetable matter such snails, glass, stones, insects, and plastic. Rising demand of such technologies will boost the market in the forecasted timeframe.
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