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Food Processing Equipment Market Trends

Report ID: GMI6839
Published Date: Oct 2023
Report Format: PDF

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Food Processing Equipment Market Trends

Automation of existing processes, incorporation of IoT & AI, and use of green sustainable equipment, among other things are some of the current trends being witnessed in the global food processing equipment industry. The growth of the market is steady, mainly due to changes in customers’ needs, technological development and increase of demand for processed & packed foods.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food processing equipment reached USD 43.8 billion in 2022 and is set to cross USD 69.3 billion by 2032, owing to the growing adoption of automated machinery due to the surging demand for processed and packed food.

Automatic food processing equipment industry generated USD 21.4 billion in revenue in 2022, due to their increasing efficiency and reduced labor costs.

U.S. market size was valued at USD 8.4 billion in 2022, attributed to the increasing adoption of automation and smarter technology across the food industry to boost productivity and production capacity.

Some of the leading industry players include Tetra Pak, Bühler AG, Alfa Laval, JBT Corporation, GEA Group, Marel, Middleby Corporation, Illinois Tool Works, Dover Corporation, Heat and Control, Inc., SPX FLOW, Krones AG, Bucher Industries, and Hosokawa Micron Group.