Food Processing and Handling Equipment Market Size, Share, Growth Analysis, By Type, By Application, By End-Product Form, By Region - Industry Forecast 2024-2031

Global Food Processing and Handling Equipment Market size was valued at USD 130.1 billion in 2022 and is poised to grow from USD 137.91 billion in 2023 to USD 219.8 billion by 2031, growing at a CAGR of 6.0% during the forecast period (2024-2031).

The demand for food processing and handling equipment is on the rise as the food industry continues to expand, driven by increased consumption of meat, baked goods, and convenience foods. Innovations in processing technologies, particularly non-thermal methods, are enhancing manufacturing efficiency by reducing production time and minimizing food waste and costs. The ongoing advancements in the food processing sector, coupled with a robust demand for processed foods, are poised to bolster market growth. Furthermore, manufacturers are pivoting towards new equipment to cater to the rising popularity of healthy and functional foods. This trend, along with expanded food manufacturing capacities in emerging economies, further underscores the promising outlook for the food processing and handling equipment market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Food Processing and Handling Equipment market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Food Processing and Handling Equipment Market Segmental Analysis

Global Food Processing and Handling Equipment Market is segmented by type, application, end-product form and region. Based on type, the market is segmented into food processing equipment, food service equipment and food packaging equipment. Based on application, the market is segmented into bakery & confectionery, meat & poultry, fish & seafood, dairy products, alcoholic beverages, non-alcoholic beverages and other applications. Based on end-product form, the market is segmented into solid, liquid and semi-solid. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Food Processing and Handling Equipment Market

The Global Food Processing and Handling Equipment market is primarily driven by the increasing demand for various food products across multiple sectors, including meat, dairy, bakery, and confectionery. In developed nations, there is a notable rise in the consumption of protein-rich foods, frozen meats, and healthier options like fruits and vegetables. These changing consumption patterns are prompting manufacturers to enhance food production capabilities. Additionally, the European market has witnessed numerous product launches focused on snack and bakery items with health-oriented claims, such as gluten-free and non-GMO. Urbanization and a fast-paced lifestyle have fueled the popularity of ready-to-eat meals, which further contribute to the growing demand for innovative food processing and handling equipment.

Restraints in the Global Food Processing and Handling Equipment Market

The Global Food Processing and Handling Equipment market faces significant restraints primarily due to rising energy costs, which pose a substantial challenge for food and beverage manufacturers striving to maintain uninterrupted operations. Equipment such as homogenizers, heaters, and ovens consume substantial energy, and while automatic systems are more advanced, they demand a continuous power supply, further escalating energy expenditure. The increasing dependence on automated machinery necessitates careful management to mitigate production costs, achievable through advanced technologies and best manufacturing practices. Additionally, stringent regulations imposed globally, coupled with heightened hygiene concerns stemming from foodborne illnesses and the COVID-19 pandemic, adversely impact the market, particularly affecting small enterprises with limited capital and resources.

Market Trends of the Global Food Processing and Handling Equipment Market

The Global Food Processing and Handling Equipment market is poised for robust growth, fueled by escalating investments in the food processing sector, particularly in emerging economies like India. The integration of advanced technologies such as IoT and AI into processing equipment presents substantial opportunities for innovation and efficiency improvements. With the anticipated influx of USD 33 billion in investments in India's food processing industry by 2024, driven by both domestic and international players, the region is becoming a pivotal hub for growth. As of 2020, India already boasted around 40,000 food processing facilities, signifying a ripe landscape for market expansion and technological advancement.