Food and Beverages Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Food and Beverages Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global food and beverages processing equipment market size reached US$ 58.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.26% during 2023-2028.

Food and beverage processing equipment use physical and chemical means to transform raw ingredients into prepared food and are used in the production of dairy, bakery, poultry, seafood, beverage and confectionery products. In addition to this, they are employed to monitor processes in packaging and labeling applications and quality management. Apart from this, processing equipment are also being used to automate various processes in the food and beverage industry, such as heating, blanching, cooking, and pasteurization, to decrease the overall production time and increase the efficiency. In recent years, the strict regulations and guidelines governing the food and beverage industry have increased the demand for high-quality processing equipment worldwide.

Global Food and Beverages Processing Equipment Market Drivers:
The arrival of green technologies has encouraged the manufacturers to replace their old food and beverage processing equipment with energy-efficient variants that help in minimizing the overall cost of production and reducing their carbon footprint. The manufacturers are also introducing advanced technologies to improve the existing processing equipment. For instance, they are incorporating machine learning and Industrial Internet of Things (IIoT) as well as offering flexible and customizable equipment. Some of the other factors driving the growth of the global food and beverage processing equipment market include altering dietary preferences, rising number of quick-service restaurants (QSRs), and growing demand for healthy, nutritious and ready-to-eat food products.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food and beverages processing equipment market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type, end product form, mode of operation and application.

Breakup by Type:

Pre-Processing
Processing

Among these, processing represents the most preferred type.

Breakup by End Product Form:

Solid
Liquid
Semi-Solid

Currently, solid products dominate the market, holding the largest share.

Breakup by Mode of Operation:

Semi-Automatic
Automatic

Semi-Automatic currently represents the biggest segment.

Breakup by Application:

Bakery and Confectionery
Meat and Poultry
Dairy Products
Fish and Seafood
Alcoholic Beverages
Non-Alcoholic Beverages
Others

At present, the meat and poultry industry exhibits a clear dominance in the market.

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Amongst these, Asia Pacific enjoys the leading position in the market.

Competitive Landscape:
The competitive landscape of the market has been examined with some of the key players being Marel, GEA Group, Bühler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Equipamientos Cárnicos, S.L. (Mainca), Clextral, SPX Flow, Bigtem Makine, Fenco Food Machinery and Krones Group.

Key Questions Answered in This Report
1. What was the size of the global food and beverages processing equipment market in 2022?
2. What is the expected growth rate of the global food and beverages processing equipment market during 2023-2028?
3. What are the key factors driving the global food and beverages processing equipment market?
4. What has been the impact of COVID-19 on the global food and beverages processing equipment market?
5. What is the breakup of the global food and beverages processing equipment market based on the type?
6. What is the breakup of the global food and beverages processing equipment market based on end product form?
7. What is the breakup of the global food and beverages processing equipment market based on the mode of operation?
8. What is the breakup of the global food and beverages processing equipment market based on the application?
9. What are the key regions in the global food and beverages processing equipment market?
10. Who are the key players/companies in the global food and beverages processing equipment market?