Industrial Food Processor Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

An industrial food processor is a large-scale machine used in the food industry to automate various tasks such as cutting, blending, mixing and grinding, significantly enhancing efficiency and production capacity. It plays a crucial role in processing raw ingredients into finished food products on an industrial scale.

Sizing and Forecast

The industrial food processor market size has grown strongly in recent years. It will grow from $62.96 billion in 2023 to $66.95 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to demand for processed foods, globalization of food supply, consumer demand for convenience, increased food production, growing demand for frozen food products.

The industrial food processor market size is expected to see strong growth in the next few years. It will grow to $82.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to growing demand for organic food, increasing demand for bakery products, growing demand for meat processing, rising demand for healthy and functional foods, demand for food packaging solutions, demand for food exports. Major trends in the forecast period include smart kitchen integration, plant-based food processing, sustainable packaging solutions, digital transformation, clean label processing, .

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Segmentation & Regional Insights

The industrial food processor market covered in this report is segmented –

1) By Type: Cutting And Chopping; Mixing; Chilling And Freezing; Grinding; Baking; Frying; Ovens; Other Types

2) By Mode Of Operation: Automatic; Semi-automatic

3) By Application: Dairy processing; Meat Or Poultry Processing; Beverage Processing; Bakery; Fruit And Vegetable Processing; Other Applications

Asia-Pacific was the largest region in the industrial food processor market in 2023. The regions covered in industrial food processor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

The increasing demand for processed food products is expected to propel the growth of the industrial food processor market going forward. Processed food refers to any raw agricultural products that have undergone any process that modifies their original form, including heating, pasteurization, blanching, cooking, canning, freezing and drying. Convenience foods are a subset of processed foods specifically designed for easy and quick preparation, catering to the modern lifestyle’s demand for efficiency. An industrial food processor is utilized to slice rapidly and conveniently, dice, shred, blend and puree practically any food to create a variety of processed foods, including convenience foods. For instance, in July 2023, according to Food and Drinks Malaysia by SIAL Group, a Malaysia-based food and beverage exhibition, the convenience food sector in Malaysia increased by 3.0% in volume in 2023 and is expected to reach 7,829.2 kg by 2027. Further, in Malaysia, the revenue from convenience food amounts to $31.84 billion in 2022, which is expected to increase by 5.49% during 2022–2027. Therefore, the increasing demand for processed food products is driving the growth of the industrial food processor market.

Key Industry Players

Major players in the industrial food processor market are Tetra Pak International S.A., GEA Group AG, Alfa Laval AB, Krones AG, Middleby Corporation, Bucher Industries AG, Bühler Holding AG, JBT Corporation, Marel hf, SPX Flow Inc., Tomra Systems ASA, Duravant LLC, Hosokawa Micron International Inc., Heat and Control Inc., Baader Gmbh & Company KG, Schenck Process Holding GmbH, RHEON Automatic Machinery Co. Ltd., Urschel Laboratories Inc., Key Technology Inc., Pacific Food Machinery Ltd., Ishida Co. Ltd., Wenger Manufacturing Inc., Satake Corporation, ProXES GmbH, Risco S.p.A., Anko Food Machine Co. Ltd., Cretel, Food Machinery Australasia Ltd.

The industrial food processor market report table of contents includes: