Market Size –
The food product machinery market size has grown strongly in recent years. It will grow from $39.82 billion in 2023 to $42.73 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to food processing industry growth, hygiene and safety standards, consumer demand for convenience, globalization of food supply chains, .
The food product machinery market size is expected to see strong growth in the next few years. It will grow to $55.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to sustainability and eco-friendly machinery, industry 4.0 integration, customization and flexibility, digitalization and remote monitoring, global market expansion. Major trends in the forecast period include automation and robotics, clean label and natural ingredients, smart packaging solutions, reduced waste and energy efficiency, personalized food processing.
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Scope Of Food Product Machinery Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Product Machinery Market Overview
Market Drivers –
The increased scope of the food and beverage industry is expected to drive the growth of the food product machinery market going forward. The food and beverage industry includes all companies involved in processing, packaging, and distributing raw food materials and transforming them into consumer food products. Food product machinery enhances efficiency, consistency, and safety in food and beverage production, contributing to the wide variety of products available to consumers in the market. For instance, in February 2022, according to a report published by Agriculture and Agri-Food Canada, a Canada-based government agency, the retail sales value of fortified or functional foods and beverages in the United States increased to $68.9 billion in 2021, compared to $67.9 billion in 2020, and are projected to reach $79.1 billion in 2025, up 3.5% compared to 2021. Therefore, the increased scope of the food and beverage industry is expected to propel the growth of the food product machinery market.
The food product machinery market covered in this report is segmented –
1) By Type: Dairy Product Plant Machinery And Equipment, Bakery Machinery And Equipment, Meat And Poultry Processing And Preparation Machinery, Other Commercial Food Products Machinery
2) By Product: Depositors, Extruding Machines, Mixers, Refrigerators, Slicers & Dicers, Other Products
3) By Capacity: Small, Medium, Large
4) By Operation: Autonomous, Semi-autonomous, Manual
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Regional Insights –
Western Europe was the largest region in the food product machinery market in 2023. The Asia-Pacific was the second largest region. The regions covered in the food product machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the food product machinery market include Tetra Laval International S.A., Krones AG, GEA Group, Bühler Group, The Middleby Corporation, JBT Corporation, Dover Corporation, Illinois Tool Works Inc., CIMC Enric Holdings Limited, Sumitomo Heavy Industries., Alfa Laval AB, Marel hf., SPX Flow Inc., Urschel Laboratories Inc., Stoelting Foodservice Equipment, Idaho Steel Products, Anko Food Machine Co. Ltd., Heat and Control Inc., Paul Mueller Company, Key Technology Inc., Sidel Group, Ishida Co. Ltd., Tomra Systems ASA, Meyer Industries Inc., FMC Corporation, KHS GmbH, Rheon Automatic Machinery Co. Ltd., Grote Company, Heat Exchange and Transfer Inc., Atlas Pacific Engineering Company Inc., FPEC Corporation, Lyco Manufacturing Inc., Reading Bakery Systems, Satake USA Inc.
Table of Contents
1. Executive Summary
2. Food Product Machinery Market Report Structure
3. Food Product Machinery Market Trends And Strategies
4. Food Product Machinery Market – Macro Economic Scenario
5. Food Product Machinery Market Size And Growth
…..
27. Food Product Machinery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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