The Food Processing Machinery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Food Processing Machinery Global
Market Report 2024, The food processing machinery market size has grown
strongly in recent years. It will grow from $57.96 billion in 2023 to $61.81
billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be
attributed to increasing global demand for processed foods, stringent food
safety regulations, rising disposable income, focus on operational efficiency,
growing awareness of health and nutrition.
The food processing machinery market size is expected to see strong growth in
the next few years. It will grow to $78.06 billion in 2028 at a compound annual
growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed
to smart manufacturing and industry 40 integration, sustainable and
eco-friendly solutions, global population growth, customization and
flexibility, rapid urbanization. Major trends in the forecast period include
automation and robotics integration, focus on sustainability, advanced sensor
technologies, data analytics and machine learning, customization and modular
design.
Increased demand for processed food is expected to propel the growth of the
food processing machinery market. Processed foods refer to any type of food
that are not in their natural state and have been subjected to some sort of
food processing. This can include foods that have been cooked, canned, frozen,
dried, or packaged. These food processing procedures can be carried out using
food processing machinery. For instance, in October 2021, according to the US
Food and Drug Administration, a US-based federal health agency, Americans
received 70% of their daily sodium from processed and restaurant foods.
Additionally, in July 2021, a survey of 1000 adults in the US was conducted by
the International Food Information Council, a US-based nonprofit organization
working for improving the quality of food, 32% of the respondents agreed that
they buy processed food very often while 45% of the respondents bought
processed foods sometimes. 19% of the respondents were buying food more often
than they used to. Thus, the increased consumption of processed food is driving
the food processing machinery market.
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The food processing machinery market covered in this report is segmented –
1) By Type: Depositor, Extruding Machines, Mixers, Refrigeration, Slicers And
Dicers, Other Types
2) By Mode Of Operation: Semiautomatic, Fully Automatic
3) By Application: Bakery And Confectionery, Meat, Poultry And Seafood, Dairy,
Beverages, Other Applications
Product innovations are the key trends gaining popularity in the food
processing machinery market. Major companies operating in the food processing
machinery market are introducing innovative products to sustain their position
in the market. For instance, in December 2022, GE Appliances, a US-based home
appliance manufacturer, launched the GE Profile smart mixer with Auto Sense
technology. The new product is a smart appliance that can be controlled using
Google or Alexa voice commands. The uniqueness of the product is its auto-sense
technology, which enables it to automatically sense changes in the mixture’s
viscosity and stop accordingly. With the use of torque sensors, Auto-Sense
technology can detect changes in the viscosity of your mixture and streamline
the procedure. The function integrates with the SmartHQ app, where you can
choose from guided recipes that outline the procedure step-by-step.
The food processing machinery market report table of contents includes:
1. Executive Summary
2. Food
Processing Machinery Market Characteristics
3. Food
Processing Machinery Market Trends And Strategies
4. Food
Processing Machinery Market - Macro Economic Scenario
5. Global
Food Processing Machinery Market Size and Growth
.
31. Global Food Processing Machinery Market Competitive Benchmarking
32. Global
Food Processing Machinery Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Food Processing Machinery Market
34. Food
Processing Machinery Market Future Outlook and Potential Analysis
35.
Appendix
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