How has the food product machinery market evolved, and where is it heading next?
The food product machinery market size has grown strongly in recent years. It will grow from $42.35 billion in 2024 to $45.45 billion in 2025 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 $56.77 billion in 2029 at a compound annual growth rate (CAGR) of 5.7%. 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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What are the key drivers behind the rapid expansion of the food product machinery market?
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.
What is the segmentation for 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
Subsegments:
1) By Dairy Product Plant Machinery And Equipment: Milk Pasteurizers, Cheese Making Equipment, Butter Churns, Yogurt Production Equipment, Ice Cream Production Machines
2) By Bakery Machinery And Equipment: Bread Baking Equipment, Cake And Pastry Equipment, Biscuit And Cookie Machines, Dough Mixers And Kneaders, Oven And Proofing Machines
3) By Meat And Poultry Processing And Preparation Machinery: Meat Grinders And Mincers, Sausage Fillers And Casers, Meat Slicers, Poultry Processing Equipment (Deboning, Cutting Machines), Meat Tenderizing Machines
4) By Other Commercial Food Products Machinery: Snack Food Processing Equipment, Beverage Production Machinery, Canning And Packaging Machinery, Fruit And Vegetable Processing Equipment, Confectionery Processing Equipment
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Who are the most influential companies in the food product machinery market?
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.
What are the most influential trends expected to drive the food product machinery market forward?
Major companies operating in the food product machinery market are focused on innovating food product machines, such as CutMaster Generation 3, to gain a competitive advantage. CutMaster Generation 3 is a food processing machine integrated with AC technology used to prepare sausages, poultry, fish, and plant-based food products. For instance, in May 2022, GEA Group AG, a Germany-based food processing systems and component manufacturer corporation, introduced the latest version of the CutMaster designed for the preparation of various products, including sausages, poultry, fish, plant-based, vegan, and vegetarian items, along with processed cheese. The new system incorporates several customer-driven technological enhancements, such as integrated AC drives, which improve machine flexibility, reliability, hygiene, and longevity.
What are the major regional insights for the food product machinery market, and which region holds the top position?
Western Europe was the largest region in the food product machinery market in 2023. 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.
What Does The Food Product Machinery Market Report 2025 Offer?
The food product machinery market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The food product machinery refers to the various components, processing machines, and systems used to handle, prepare, store, cook, and package food and food products.
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