Market Leaders : Marel and GEA Group are focusing on acquisitions and new product launches to strengthen their market position in Food & Beverage Processing Equipment Market
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. Manufacturers are opting for technological advancements in their equipment as these would help them in expanding their product lines and increasing their profit margins. Key players are also investing in R&D for food & beverage processing equipment to develop new products, which further propels the growth of this market
Key players in this market include Marel, GEA Group, Bühler, JBT, Alfa Laval.
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Marel is a manufacturer of processing systems and equipment for the meat industry. The company also offers process control software for the poultry industry. It has its operations in the market segments of poultry, meat, and fish. Marel is a large manufacturer of food processing equipment for primary, secondary, and tertiary processing. It has a wide market presence and operates globally through its 24 subsidiaries in more than 30 countries through the functioning of a strong network of 100 agents, more than 180+ countries in which Marel customers operate and production facilities in the Netherlands, Iceland, England, the US, Singapore, Slovakia, and Brazil.
GEA Group is one of the well-established manufacturers of a wide range of food processing equipment and process technologies to industries such as food & beverage, home & personal care, chemical, pharma& health care, dairy farming, dairy, environment, heating & refrigeration, oil & gas, and energy The operating segments of the company include business area equipment and business area solutions. The business area equipment segment specializes in the development of food processing equipment and technologies, while the business area solutions segment is involved in providing customized equipment and technologies that cater to industries such as food & beverages, chemical, and pharmaceutical. The company network spans across more than 64 countries in regions such as North America, Europe, Asia Pacific, South Africa, and the Middle East.
Bühler is a private company involved in the manufacture and marketing of equipment and systems to facilitate cleaning, milling, grinding, flaking, sifting, grading, extrusion, mixing, molding, roasting, refining, and conching of food products. Buhler has a presence in around 140 countries with 100 serving stations, over 30 manufacturing sites, and 25 application centers. Its sales and service facilities are present in North America, South America, Europe, Asia Pacific, and Africa.
Related Reports:
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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