FOOD AND BEVERAGE PROCESSING EQUIPMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global food and beverage processing equipment market is estimated to be valued at USD 68.23 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031. Various factors have contributed to this growth including rising population, rapidly changing dietary habits, and food consumption patterns across the world. Advanced and automated equipment are being utilized extensively in food processing industries to meet the growing demand for processed and packaged food items in an efficient and cost-effective manner. From raw material handling and mixing to portioning, filling and end of line packaging, modern food processing equipment performs complex operations at high speeds with marginal human interventions. Innovation in food processing technology has enabled manufacturers to offer products with higher shelf life and better food safety. With growing health awareness as well, equipment supporting production of nutrient-rich, low calorie food variants are gaining more prominence.

Market Dynamics:

Population growth, urbanization, and rising disposable incomes in developing economies are some of the key drivers propelling the demand for food and beverage processing equipment globally. However, high initial investment costs associated with automation equipment as well as fluctuations in raw material prices pose challenges to industry players. On the positive side, there exists immense opportunities for equipment manufacturers in the growing segments of bakery & confectionery, dairy, beverages and packaged food. Ongoing technological advancements focused on yield optimization, traceability and sustainability are also expanding the scope of the food processing equipment industry.

Key Features of the Study:

• This report provides in-depth analysis of the global food and beverage processing equipment market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food and beverage processing equipment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include JBT Corporation, Bühler Group, Tetra Pak, GEA Group, Alfa Laval, SPX Flow, Marel, Multivac, Hobart Corporation, Krones AG, Clextral, Schott AG, Sidel Group, Heat and Control, KHS GmbH, Promach, Berry Global, Odenberg Engineering, Fritsch GmbH, and Festo AG & Co. KG
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global food and beverage processing equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food and beverage processing equipment market

Detailed Segmentation-

• By Equipment Type Insights (Revenue, USD Bn, 2019 - 2031)
• • Mixers
  • Ovens and Baking Equipment
  • Refrigeration Equipment
  • Conveyors
  • Packaging Equipment
  • Others
• By End User Insights (Revenue, USD Bn, 2019 - 2031)
• • Food Processing
  • Beverage Processing

• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
• • JBT Corporation
  • Bühler Group
  • Tetra Pak
  • GEA Group
  • Alfa Laval
  • SPX Flow
  • Marel
  • Multivac
  • Hobart Corporation
  • Krones AG
  • Clextral
  • Schott AG
  • Sidel Group
  • Heat and Control
  • KHS GmbH
  • Promach
  • Berry Global
  • Odenberg Engineering
  • Fritsch GmbH
  • Festo AG & Co. KG