Frozen Food Processing Machinery Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024

Description

The Global Frozen Food Processing Machinery Market was valued at USD 10.3 billion in 2023 and is projected to grow at a robust CAGR of 4.5% from 2024 to 2032. Driving this growth are advancements in automation, artificial intelligence (AI), and machine learning, which are revolutionizing food processing machinery by enhancing efficiency and cutting costs. Innovations in freezing technologies, such as quick freezing and cryogenic methods, are playing a pivotal role in maintaining food quality by preserving texture and nutrients. This is crucial for meeting the rising demand for frozen fruits, vegetables, and seafood.

Frozen Food Processing Machinery Market - IMG1

The expansion of quick-service restaurants (QSRs) and the booming online food delivery sector are fueling the frozen food industry's growth. These sectors rely heavily on frozen products, spurring the need for advanced processing machinery to meet high demand. Additionally, the global proliferation of supermarkets and hypermarkets is accelerating the retail sector's reliance on frozen foods. Retailers are increasingly investing in state-of-the-art equipment to cater to evolving consumer preferences and ensure product quality.

Market Scope
Start Year	2023
Forecast Year	2024-2032
Start Value	$10.3 Billion
Forecast Value	$15.3 Billion
CAGR	4.5%

Despite significant advancements, smaller manufacturers, especially in emerging markets, face notable obstacles. High upfront costs for modern equipment, coupled with budget constraints, often limit their access to cutting-edge machinery. Supply chain disruptions further complicate the availability of critical components and packaging materials, leading to production delays. These challenges pose substantial barriers for smaller players striving to compete in this dynamic market.

In terms of machinery type, preparation equipment dominated the market in 2023, generating USD 6 billion in revenue. This segment is anticipated to grow at a steady CAGR of approximately 4.7% from 2024 to 2032. Preparation equipment-comprising tools for slicing, cutting, blending, and grinding-plays a critical role in frozen food production. These machines ensure consistency in size and shape, which is essential for maintaining product quality and optimizing freezing processes.

Food processing companies accounted for approximately 44% of the market share in 2023, and this trend is expected to continue with a similar growth trajectory through 2032. The rising demand for convenience foods with extended shelf lives has led to increased production among these companies. Consequently, investments in high-performance machinery have surged, enabling companies to meet growing consumer expectations.

The United States remains a dominant player in the frozen food processing machinery market, valued at USD 3.1 billion in 2023. The market is forecasted to expand at a CAGR of 4.9% from 2024 to 2032, driven by continuous innovation in freezing technologies. These advancements are enhancing production efficiency, improving product quality, and supporting the growing needs of the US food processing industry.

Product Code: 12484

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Rising demand for frozen foods
  - 3.6.1.2 Technological advancements
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 High capital investment
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Machinery Type, 2021-2032 (USD Million) (Thousand Units)

5.1 Key trends
5.2 Preparation equipment
- 5.2.1 Cutters
- 5.2.2 Blenders
- 5.2.3 Slicers
- 5.2.4 Grinders
- 5.2.5 Others (Peelers, Etc)
5.3 Freezing Equipment
- 5.3.1 Blast freezers
- 5.3.2 Spiral freezers
- 5.3.3 Plate freezers
- 5.3.4 Individual Quick Freezing (IQF) Equipment
- 5.3.5 Others (Tunnel Freezers, Etc)
5.4 Packaging equipment
- 5.4.1 Wrapping machines
- 5.4.2 Bagging machines
- 5.4.3 Cartoning machines
- 5.4.4 Others (Vacuum Packaging Machines, Etc)
5.5 Others (Storage Equipment, Conveyors, Etc)

Chapter 6 Market Estimates & Forecast, By Technology, 2021-2032 (USD Million) (Thousand Units)

6.1 Key trends
6.2 Mechanical freezing
6.3 Cryogenic freezing

Chapter 7 Market Estimates & Forecast, By Mode of Operation, 2021-2032 (USD Million) (Thousand Units)

7.1 Key trends
7.2 Semi-Automatic
7.3 Automatic

Chapter 8 Market Estimates & Forecast, By Application, 2021-2032 (USD Million) (Thousand Units)

8.1 Key trends
8.2 Fruits & vegetables
8.3 Dairy products
8.4 Meat, poultry, & seafood
8.5 Ready-to-Eat (RTE) meals
8.6 Bakery products
8.7 Snacks
8.8 Others (Soups, Sauces, Etc)

Chapter 9 Market Estimates & Forecast, By End Use, 2021-2032 (USD Million) (Thousand Units)

9.1 Key trends
9.2 Food processing companies
9.3 Restaurants and foodservice
9.4 Retail & supermarkets
9.5 Others (Distribution Centers, Etc)

Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Million) (Thousand Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa

Chapter 11 Company Profiles

11.1 Air Products and Chemicals, Inc.
11.2 Alfa Laval AB
11.3 Bühler Group
11.4 GEA Group AG
11.5 Griffith Foods Inc.
11.6 Hoshizaki Corporation
11.7 Intralox
11.8 JBT Corporation
11.9 Marel
11.10 OctoFrost Group
11.11 SPX FLOW, Inc.
11.12 Starfrost (UK) Ltd.
11.13 Tetra Pak International S.A.
11.14 The Middleby Corporation

Frozen Food Processing Machinery Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032