Food processing machinery market is expected to grow at 4.2% by 2031. Global food and beverage industry is growing at a robust pace and has strengthened the demand for food processing equipments over the past few years. The food processing machines come in varied sizes and shapes in order to meet the requisite need of conglomerates operating in drinks, confectionery, frozen foods, poultry, dairy foods, vegetables, and others.

The global Food Processing Machinery market is currently growing at a significant pace and is anticipated to observe stupendous growth over the next seven years till 2023. Escalating awareness among people regarding processed food, and increasing the personal disposable income of households is likely to fuel the growth of the food processing machinery market over the forecast period. Apart from this, rising demand for packaged foods is further anticipated to propel the growth of the market till 2023.

At present, Asia Pacific is the largest market for food processing machinery in 2015. Followed by it, Europe grabbed the second-largest share in the total revenue of the food processing machinery market. The Asia Pacific region is expected to be dominant over the forecast period due to the availability of a large number of poultry, meat, and seafood equipment manufacturing vendors in the region. 

The global Food Processing Machinery market is mainly concentrated in Europe and Asia. Major players are adopting different market strategies to enter and enhance their market position and distribution network.         

Key Players Identified Across the Value Chain in the Food Processing Machinery Market include but are not limited to:

Anko Food Machine Co. Ltd., Berkshire Hathaway Inc., Bucher Industries, John Bean Technologies Corporation (JBT), Hosokawa Micron Corp., GEA Group, Mallet & Company, Inc., NICHIMO CO., LTD., SPX Corporation, Tetra Laval International S.A.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Food Processing Machinery market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Food Processing Machinery market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Food Processing Machinery market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Food Processing Machinery market?
• Which is the largest regional market for Food Processing Machinery market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Food Processing Machinery market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Food Processing Machinery market worldwide?