Press release
Food & Beverage Processing Equipment Market is projected to reach USD 88.9 billion in 2029, exhibiting at a CAGR of 5.6% during forecast period | Size, Share & Report
Food & Beverage Processing Equipment Market
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/food-beverage-processing-equipment-market/
The factors driving growth of Food & Beverage Processing Equipment Market includes rise in the number of quick service restaurant, growing demand for bakery and confectionary food items, increasing energy and labor costs worldwide and improvements in the living standards. Moreover, growing adoption of automated technologies and robotics in the food production and processing industry, increasing consumption of non-alcoholic beverages, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the Food & Beverage Processing Equipment Market share.
However, growth of the Food & Beverage Processing Equipment Market is hindered due to high cost of installing processing equipment.
The lading players operating in the market are SPX Flow, Bigtem Makine, Fenco Food Machinery, Marel, GEA Group, Buhler, Krones Group, JBT Corporation, Alfa Laval, TNA Austr Bucher Industries, Clextral and alia Solutions, among others.
Based on End Product Form, the Solid segment is predicted to dominate the market during the forecast period
Increasing use of drying, coating, and thermal extruding equipment in confectionary and dairy products, is propelling growth of the segment.
Based on Operation, the Semi-automatic segment is projected to capture the largest market share over the forecast period
Semi-automatic food processing equipment consumes less energy, provide consistent quality and are cost-effective, are some of the features propelling segment's growth.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period
As per the Food & Beverage Processing Equipment Market Analysis, growing demand for bakery and confectionary products across India, China, and Vietnam, growing adoption of advanced technologies by manufacturers, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Developments
In 2019, Marel inaugurated its production facility in Dongen, Netherlands. Through this expansion, the company plans to expand its production in the poultry industry.
In 2018, Krones Group completed the acquisition of US-based food processing equipment supplier, i.e., WM Sprinkman. Through this acquisition, the company planned to expand its product portfolio in North America which includes bottling and packaging equipment.
Market Segmentation
Segmentation by Type
Pre-processing equipment
Sorting & grading
Cutting, peeling, slicing, grinding, and washing
Blending & mixing
Processing equipment
Forming
Extruding
Coating
Drying, cooling, and freezing
Thermal
Filtration
Pressing
Homogenization
Segmentation by End Product Form
Liquid
Solid
Semi-solid
Segmentation by Mode of Operation
Automatic
Semi-automatic
Segmentation by Application
Bakery & confectionery products
Meat & poultry products
Fish & seafood
Dairy products
Alcoholic beverages
Non-alcoholic beverages
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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