Global Food Processing Market Size By Type (Depositors, Extruding Machines, Mixers), By Application (Beverages, Dairy, Meat & Poultry, Bakery), By Geographic Scope And Forecast

Food Processing Market Size And Forecast

Food Processing Market size was valued at USD 166.38 Billion in 2024 and is projected to reach USD 277.44 Billion by 2031, growing at a CAGR of 6.60% from 2024 to 2031. Innovation in food processing technology, upsurge in the demand for processed food, and rising research & development in food processing machinery are expected to drive the market over the predicted years. The Global Food Processing Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Food Processing Market Definition

Food processing is the method used to turn fresh foods into a finished product. It is a process of converting agriculture products or raw material into direct consumable food. It involves many processes: fermenting, crystallizing, mixing, blending, chopping, washing, and pasteurizing, and many more. The benefits of food processing include distribution, preservation, ease in preparation, less susceptible to spoilage than fresh food. Along with this, reduces the incidence of foodborne disease and improves the taste of food. Based on the type, food processing is classified into Depositors, Extruding Machines, Mixers, Refrigeration, Slicers & Dicers, and Others. Various applications of food processing are Beverages, Dairy, Meat & Poultry, Bakery, Convenience Food & snacks, Fruits & Vegetables, Confectionery, and Other.

What's inside a VMR industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Global Food Processing Market Overview

Innovation in food processing technology and an upsurge in the demand for processed food are expected to drive the market over the predicted years. Also, the growing adoption of automated technologies in this segment and rising research & development in food processing machinery expect a boost to the market in the coming years. Additionally increasing health consciousness and dietary shifts in the developing regions and developed regions is predicted to fuel the market during the forecasted period.

Global Food Processing Market: Segmentation Analysis

The Global Food Processing Market is segmented based on Type, Application, and Geography.

Food Processing Market, By Type

• Depositors
• Extruding Machines
• Mixers
• Refrigeration
• Slicers & Dicers
• Others

Based on the Type, the market is bifurcated into Depositors, Extruding Machines, Mixers, Refrigeration, Slicers & Dicers, and Others. The Refrigeration segment is expected to hold the largest market share. The factors can be attributed to the growing demand for refrigerators to store various food items for a longer period of time.

Food Processing Market, By Application

• Beverages
• Dairy
• Meat & Poultry
• Bakery
• Convenience Food & snacks
• Fruits & Vegetables
• Confectionery
• Other

Based on the Application, the market is bifurcated into Beverages, Dairy, Meat & Poultry, Bakery, Convenience Food & snacks, Fruits & Vegetables, Confectionery, and Other. The Bakery & Confectionery segment is anticipated to have the highest CAGR in the forecasted period. The factors can be attributed to the upsurge in the consumption of bakery products all over the globe and change in the dietary patterns of people.

Food Processing Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on regional analysis, the Global Food Processing Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific owing to the growing number of working professionals & students and rising demand for ready-to-eat foods in this region.

Key Players

• The "Global Food Processing Market" study report will provide a valuable insight with an emphasis on the global market. The major players in the market are
• Buhler
• Krones AG
• AFE Group Ltd.
• Atlas Pacific Engineering Company Inc.
• B.K Engineers
• National Refractories
• Heat and Control, Inc.
• Meyer Industries
• ZIEMANN HOLVRIEKA
• Tomra Systems
• The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Partnerships, Collaborations, and Agreements
• In January 2021, Buhler and DIL shook hands to consolidate their position in the sustainable food production market.
• In March 2019, Alfa Laval inked an agreement with Buhler to develop solutions that will enhance its product portfolio.
• In June 2020, Antares entered into a five-year agreement with IMA whereby it becomes the exclusive supplier of all IMA inspection and tracking technologies.
• Mergers and Acquisitions
• In February 2020, SPX FLOW inked an agreement with Primodan for the transfer of its yellow cheese activities and technologies.
• In April 2021, The Middleby Corporation decided to complete the acquisition of Welbilt, Inc. to consolidate its position in the global market.
• Product Launches and Product Expansions
• In April 2019, Tetra Pak launched a connected packaging platform; this would transform juice and milk cartons into interactive information channels, digital tools, and full-scale data carriers.
• In May 2019, GEA launched a new SmartPacker CX400 packaging machine, which has induction sealing capabilities.
• In the recent turn of events, China Xiangtai Food, an emerging growth company engaged in the food processing business, announced that it plans to launch a hot pot franchise business.