The global food processing & handling equipment market is anticipated to grow at a significant CAGR of around 6.1% during the forecast period. Shift in focus towards convenience food is the primary factor driving the food processing and handling equipment market. Convenience food is anticipated to have vigorous growth in near future due to increasing dual-income huseholds and busy schedule of working population which force them to opt for ready-to-eat food and beverages options. The demand for convenience food will result in increased demand for food processing equipments as various equipments are used in convenience food for its preparation and packaging. Apart from these, the integration of IoT and AI in food processing and handling equipment to cut down high cost and food wastage, reduce labor cost, and to improve efficiency will depict numerious growth opportunities to the market.
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The food processing and handling equipment manufacturing industry was negatively impacted by COVID-19 as it closed the production and operations due to lockdown and mobility restrictions imposed by the government in major economies. Disruption in raw material supply chain and shutdown of restaurents and food outlets globally lead to the declination in market growth. Post OCVID-19, with supportive government regulation to promote hygiene and safety in food processing industry, the market is projected to regain its momentum back. during the pandemic period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Food Processing & Handling Equipment Market Report by Segment
By Type
- Food Processing Equipment
- Food Service Equipment
- Food Packaging Equipment
By Applications
- Bakery & Confectionery
- Meat & Poultry
- Fish & Seafood
- Dairy Products
- Beverages
- Others (Fruits & Vegetables, Ready to Eat Meals, Sauces)
Global Food Processing & Handling Equipment Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food processing & handling equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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