According to a research report "Food & Beverage Processing Equipment Market by Type (Processing, Pre-Processing), Application (Bakery & Confectionery, Meat & Poultry, Dairy, Alcoholic & Non-Alcoholic Beverages), Mode of Operation, End-Product Form and Region - Global Forecast to 2026" published by MarketsandMarkets, the food & beverage processing equipment market was estimated at USD 58.3 billion in 2021. It is projected to reach USD 76.0 billion by 2026 at a CAGR of 5.5% during the forecast period. The demand for food & beverage processing equipment has grown along with the food industry growth owing to increasing consumption of foods such as meat products, bakery & confectionery products, prepared food, and convenience food. The food & beverage processing equipment market is highly impacted by innovations, as manufacturers are continuously introducing new processing techniques to produce complex products of different shapes and sizes, thereby trying to meet the increasing demand from the processed food industry. New technologies such as non-thermal processing are also being developed to support the manufacturing process, by reducing the production time, ingredient & food waste, and the overall cost.
Browse 206 market data Tables and 57 Figures spread through 269 Pages and in-depth TOC on "Food & Beverage Processing Equipment Market by Type (Processing, Pre-Processing), Application (Bakery & Confectionery, Meat & Poultry, Dairy, Alcoholic & Non-Alcoholic Beverages), Mode of Operation, End-Product Form and Region - Global Forecast to 2026"
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The solid segment dominated the market with USD 32.78 billion in 2020.
In terms of value, the market for food & beverage processing equipment was dominated by the solid form in 2020. With the rise in disposable income, consumers in developing markets are willing to spend more on processed and packaged convenience food. Due to this, food manufacturers are scaling up their production to cater to the rising demand for food, which, in turn, is contributing to the rising demand for processing equipment in the market.
The processing segment by type dominated the market, with a share of 67.5% in 2020.
The processing equipment segment accounts for the majority of share given its high usage, flexibility in terms of components, and reduced production time. Processing equipment is estimated to account for 67.5% of value share in 2021, followed by pre-processing equipment, which is used before the final product is manufactured, mostly to clean, sort, and render a shape to the food products. This growth can be seen in emerging regions such as the Asia Pacific, where, due to progressive economic growth and improved income levels, people are demanding more packaged food and ready meals; this has led to the growth of the overall food & beverage equipment market.
China dominated the Asia Pacific market for food & beverage processing equipment with a value of USD 7.15 Billion in 2020.
The Chinese food & beverage processing equipment market is fragmented with the presence of small and medium-sized food & beverage processing equipment manufacturers that are mainly focused on offering a limited range of products. The presence of a large number of equipment manufacturers is also driving the growth of this market. China’s food processing industry is maturing, and growth is moderating. Consumers have become increasingly interested in eating more natural and healthier foods while valuing convenience and attractive packaging.
Key players in this market include Marel (Iceland), GEA Group (Germany), Bühler (Switzerland), JBT (US), The Middleby Corporation (US), Heat and Control, Inc. (US), Alfa Laval (Sweden), TNA Australia Pty Ltd. (Australia), Bucher Industries (Switzerland), Equipamientos Cárnicos, S.L (Spain), Clextral (France), SPX FLOW (US), Bigtem Makine (Turkey), FENCO Food Machinery (Italy), Krones Group (Germany), Finis Food Processing Equipment B.V. (Netherlands), Bettcher Industries, Inc. (US), Anko Food Machine Co. Ltd. (Taiwan), Heat and Control, Inc. (US), BAADER (Germany), and Dover Corporation (US).
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