Food Processing and Handling Equipment Market Share to Gain USD 212.8 Billion by 2026 – Facts & Factors

Global Food Processing and Handling Equipment market in 2019 was approximately USD 137 Billion. The market is expected to grow at a CAGR of 6.5% and is anticipated to reach around USD 212.8 Billion by 2026.

Pune, India - October 22, 2020 /MarketersMedia/

According to the Facts and Factors, Research Report, the global Food Processing and Handling Equipment market in 2019 was approximately USD 137 Billion. The market is expected to grow at a CAGR of 6.5% and is anticipated to reach around USD 212.8 Billion by 2026.

Food Processing and Handling Equipment market are expected to boom owing to its high demand in the processing of meat, seafood, bakery, confectionery, dairy, and others from the raw materials to the end products. The rapid urbanization and high demand for processed foods across the globe are expected to boom the global Food Processing and Handling Equipment market in the coming years.

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Market Drivers:

The surging requirement for advancements in the food processing industry, innovative technologies in processing, and the growing consumption of processed food are some of the growth factors fuelling the Food Processing and Handling Equipment market. Additionally, the increasing food manufacturing capacities and advancements of the food processing industry in emerging and developed regions will also supplement the growth of the Food Processing and Handling Equipment market. The growing preference for healthy food, functional foods due to health concerns and busy lifestyle has urged manufacturers to adopt new equipment to meet up to the customers’ demand for healthy functional foods & beverages. Moreover, the growing R&D investments in the food processing technologies and the inclusion of AI and IoT in these machinery provide lucrative opportunities for the growth of the Food Processing and Handling Equipment market.

Key Market Players:

Some of the major players in the global Food Processing and Handling Equipment market include Buhler Ag, GEA, Alfa Laval, SPX FLOW, Multivac, JBT Corporation, Middleby Corporation, Welbilt, Inc., IMA Group, Robert Bosch, Middleby Corporation, Dover Corporation, IMA Group, Tetra Laval, Robert Bosch, and Electrolux.

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Market Segment Dominance:

Food processing equipment category accounts for the majority of the market share in the global market

The food processing equipment category is expected to dominate the market owing to the rising demand for product innovations and advanced & efficient technologies to cater to the surging demand in the food industry. The demand for food processing equipment is growing to help control ingredients & food waste, save time, and lower the prices at the time of manufacturing. In addition, health awareness and high demand for ready-to-eat products are also fuelling the Food Processing and Handling Equipment market.

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Bakery & confectionery products category accounts for the major share in the market

The growth of the bakery & confectionery products category is attributed to the high demand for processing equipment such as molders, blenders, industrial ovens, formers, mixers, and cutters for the manufacturing of bakery & confectionery products. Furthermore, the escalating demand for ultra-processed or innovative bakery products in developed countries is facilitating the increase in the use of bakery processing equipment.

Regional Dominance:

Asia Pacific market is projected to exhibit the highest growth rate during the forecast period

The Asia Pacific is projected to be the fastest-growing market for food processing & handling equipment due to the striving demand for advanced food processing equipment to lower processing time and surging the efficiency of manufacturing operations. Additionally, the increasing number of food processing units in this region will help fuel the supply and demand for food & beverage processing equipment.

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This report segments the global Food Processing and Handling Equipment market as follows:

Global Food Processing and Handling Equipment Market: Equipment Type Segmentation Analysis

Food Processing Equipment

Pre-processing Equipment
Primary Processing Equipment
Foodservice Equipment
Cooking Equipment
Refrigeration & Storage Equipment
Food Preparation Equipment
Warewashing Equipment
Serving Equipment

Food Packaging Equipment

Form-Fill-Seal
Filling & Dosing
Cartoning
Case Packing
Wrapping & Bundling
Labeling & Coding
Inspecting, Detecting, and Check Weighing Machines

Global Food Processing and Handling Equipment Market: Application Segmentation Analysis

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

Global Food Processing and Handling Equipment Market: Form Segmentation Analysis

Solid
Liquid
Semi-Solid

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