by The food and beverage processing equipment market consists of various machinery and equipment used for processing raw foods into consumer-ready food items. Some key equipment includes processing equipment such as form-fill-seal machines, filling and dosing equipment, and wrapping machines for packaging; pre-processing equipment likeSorters, mixers, grinders, and separators; and processingequipment like cookers, pasteurizers, chillers, homogenizers,separators, and drying equipment. These equipment significantly reduce wastage and enhance productivity by automating production processes.
The Global Food and Beverage Processing Equipment Market is estimated to be valued at US$ 68.23 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the food and beverage processing equipment market are JBT Corporation, Bühler Group, Tetra Pak, GEA Group, Alfa Laval, SPX Flow, Marel, Multivac, Hobart Corporation, Krones AG, Clextral, Schott AG, Sidel Group, Heat and Control, KHS GmbH, Promach, Berry Global, Odenberg Engineering, Fritsch GmbH, and Festo AG & Co. KG. Key players are focusing on introducing smart and automated equipment to cater to the growing demand for processed food.
The Food and Beverage Processing Equipment Market Demand for processed food is increasing significantly across the globe due to rising population, income levels, and busy lifestyles. This growing demand is propelling the food and beverage processing equipment market. Moreover, increasing investments from major food companies to expand and automate production are fueling market growth.
The global food and beverage processing equipment market is witnessing rapid expansion driven by growing demand from emerging economies of Asia Pacific, Latin America, and Middle East & Africa. Leading players are focusing on strengthening their distribution networks and setting up manufacturing facilities in developing regions to leverage growth opportunities.
Market key trends
Smart technologies and automation are a major trend in the food and beverage processing equipment market. Equipment manufacturers are developing smart plant-based systems integrated with IoT, AI, and machine learning capabilities. These smart technologies help gain real-time operational insights, optimize production processes, reduce downtime, and enhance food safety and quality. For instance, Marel has developed various smart and automated equipment integrated with sensors, robotics, and analytics for protein processing. Increased focus on automation and smart technologies is expected to drive the food and beverage processing equipment market over the forecast period.
Porter’s Analysis
Threat of new entrants: High costs of production facilities, machinery, research and development pose entry barriers for new companies.
Bargaining power of buyers: Large food and beverage corporations have significant bargaining power over equipment manufacturers due to their high purchasing volumes.
Bargaining power of suppliers: Few equipment manufacturing companies globally that cater to large scale industrial production results in supplier power concentration.
Threat of new substitutes: Limited threat as there are few alternatives to specialized food processing equipment for large scale industrial production.
Competitive rivalry: Intense rivalry among leading global equipment suppliers to gain market share through product innovation and competitive pricing.
Geographical Regions
North America region accounts for the largest share of the Food and Beverage Processing Equipment Market Regional in terms of value, owing to strong demand from major food processing countries in the region such as the United States. The Asia Pacific region is expected to witness the fastest growth over the forecast period from 2024 to 2031, driven by rising population, increasing disposable incomes and growing demand for processed and packaged food in high economic growth nations of China and India.
Europe accounts for a significant share of the global market value-wise, led by countries like Germany, France and UK with large food processing industries. The growing processed food consumption trends in developing countries across Latin America and Middle East and Africa are also contributing to equipment adoption, with Brazil and countries in the GCC region offering high growth potential markets.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn
