Email
Print
Food and Beverage Processing Equipment Market Overview:
The Food and Beverage Processing Equipment Market size is estimated to reach $95 Billion by 2030, growing at a CAGR of 6.2% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Food and Beverage Processing Equipment Market – By Type (Meat, Poultry, and Seafood Processing Equipment, Bakery Processing Equipment, Beverage Processing Equipment, Dairy Processing Equipment, Chocolate and Confectionery Processing Equipment, Fruits and Vegetables Processing Equipment, Other Food & Beverage Processing Equipment), By Mode of Operation (Automatic, Semi-Automatic & Manual), By End Product Form (Liquid, Solid & Semi-Solid), By Technology (Traditional Processing Technology & Advanced Processing Technology), By End Product Type (Packaged Food, Frozen Food, Canned Food, Ready-to-Eat Meals & Beverages - Alcoholic, Non-Alcoholic, Carbonated & Non-Carbonated), By Application (Bakery & Confectionery, Dairy Products, Meat, Poultry & Seafood, Beverages, Fruits & Vegetables, Prepared and Convenience Foods & Others - Pet Food & Baby Food) and By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”
Technological advancements are improving the efficiency of food and beverage processing equipment. Demand for processed foods by consumers is rising and so is the need for sophisticated machinery. With strict food safety, manufacturers are increasing investments in modern equipment. Processing technologies are needed to match growing demand for the packaged food industry. The expansion of production capacities is driving the introduction of new equipment. These factors combined are fueling the growth of the Food and Beverage Processing Equipment industry during the forecast period.
APAC Leading the Market:
The Food and Beverage Processing Equipment Market is being led by the APAC region, especially China, where evolving consumer behavior and diversified sales channels have been key growth drivers. The grocery e-commerce sector in China is expected to be worth $148 billion in 2024, including food e-commerce, which is projected to account for 67% of the total market, according to a United States Department of Agriculture (USDA) April 2024 report. Furthermore, online sales via events and traditional media are growing, enabled by the online-to-offline (O2O) model, with online sales supported by in-store product trials and vice versa. Additionally, there’s a growing demand for packaged food in the region. According to an Economic Times report, Haldiram's, India's traditional sweets and snacks brand, recorded packaged snacks sales of $1.1 billion in FY March 2023, a surge of 19% compared to FY22.
Food and Beverage Processing Equipment Market: Key Takeaways
Rising Demand for Packaged Foods:
The growing demand for convenience foods is a key factor driving the Food and Beverage Processing Equipment Market. As more people lead busier lives, there’s been a noticeable shift toward ready-made meal options. According to a United States Department of Agriculture (USDA) report from April 2024, the market for pre-cooked meals in China reached over $70 billion in 2023, with a growth rate of more than 20%. Even after the pandemic, consumers have stuck with the convenience of pre-prepared meals, pushing the need for advanced food processing equipment to meet this rising demand.
For More Queries About "Food and Beverage Processing Equipment Market " @ https://www.industryarc.com/support.php?id=19401
Stringent government Regulations:
The Food and Beverage Processing Equipment Market is largely driven by stringent regulations, especially as the food safety standards are becoming more stringent worldwide. For instance, the Food Safety and Standards Authority of India (FSSAI) rejected the import of about 1,000 products, including cheese, almonds and seafood, in FY22-23 and another 550 rejections such as whisky, coffee and chocolates in FY23-24, for violating safety norms. Representation of such actions underline the rising demand for sophisticated processing equipment that not only delivers the production outputs according to safety standards, but also helps in minimising overall production costs. Further, the market is driven by the need for equipment to meet stricter regulations imposed by governments, forcing companies to invest in equipment as part of doing business.
Scope of the Report:
Recent Developments:
- In April 2024, Fortifi Food Processing Solutions acquired Nothum Food Processing Systems, a well-known company that designs equipment for coating and frying protein products. By bringing Nothum's innovative technology into the fold, Fortifi is able to expand its processing capabilities and offer more advanced solutions to its customers.
- In June 2024, Bühler Group introduces the Arrakis, an advanced roller mill line for global snacks and bakery markets. The Airtronic model has been superseded by the mill, which has improved efficiency, reliability and patented grinding gap adjustment to ensure stable grinding performance and an easy operation.
- In Dec 2023, Gericke Group expanded its headquarters, boosting production space by 55% to 45,200 square feet to meet growing demand for its bulk material handling equipment. Since the expansion, the increased capacity has significantly shortened lead times by over a month for most orders.
Food and Beverage Processing Equipment Market: Competitive Landscape
Key companies profiled in the Food and Beverage Processing Equipment Market are Tetra Laval Group, GEA Group AG, Bühler AG, SPX Flow, Inc., John Bean Technologies Corporation (JBT), Marel hf., Robert Bosch GmbH, Krones AG, Bucher Industries AG, BAADER and others.
Related Reports:
Food and Beverage Market- Food and Beverage Market is projected to reach $7,464.2 billion by 2027 at a CAGR of 5.9% during the forecast period 2022-2027, The market growth is driven by technological advancements such as individual quick freezing (IQF) and high-pressure pasteurization, the expansion of e-commerce platforms, increasing consumer demand for clean-label, organic, and non-GMO products, and robust economic growth in emerging markets.
Food Safety Testing & Consumables Market- Food Safety Testing & Consumables Market size was $16,114 million in 2020 and is expected to grow at a CAGR of 7.6% during the forecast period 2021-2026. The market growth is driven by technological advancements in testing methods.
Food Processing& Handling Equipment Market- Food Processing & Handling Equipment Market size is forecast to reach $208.8 billion by 2026, growing at a CAGR of 6.2% during the forecast period 2021-2026. The growth in this market is primarily driven by increasing demand for processed foods, advancements in food safety regulations, and automation in food processing technologies.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727