Food Processing Equipment Market size is estimated to cross USD 87 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of food processing equipment was over USD 52.3 Billion. The demand for food items is projected to substantially rise by the end of 2050. The global population growth is considered the primary factor behind the growth of this market. The global population reached some 7.8 billion in the year 2020 and by the end of 2050, it is set to reach 9.7 billion as per the data provided by the United Nations. Similarly, as per our research, the food demand is expected to grow by 50% between 2020 to 2050.
Large market participants are making significant investments to develop cutting-edge technology equipment for this sector of the economy. There is ongoing research and development to boost this equipment's output capacity. The output or production capacity of various industries has grown as a result of the employment of this equipment. doesn't raise awareness of the advantages of this technology in emerging countries where increasingly sophisticated, almost human-free, equipment is replacing outdated technology. There is no food product or beverage contamination since there is less human interaction.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4% |
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Base Year Market Size (2023) |
USD 52.3 Billion |
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Forecast Year Market Size (2036) |
USD 87 Billion |
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Regional Scope |
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Mode of Operation (Automatic, Semi-Automatic)
In terms of mode of operation, the automatic segment is anticipated to account for 80% share of the global food processing equipment market by 2036. Automated and autonomous equipment has become an essential component of the food production and processing sector due to advances in computerized food processing technology. As demand and costs continue to rise, automation is helping to shorten production time while increasing output. The value of data-driven insights to maximize the use of raw materials, improve food quality and safety, as well as support continuous improvement is becoming more widely recognized by processors.
One of the more commonly used types of automated equipment is a robot butchery machine, which speeds up the process. In addition, such automatic equipment decreases the influence of personnel who handle potentially harmful tools and apparatus thereby making a facility more secure.
Application (Bakery & Confectioneries, Meat, Poultry & Seafood, Beverage, Dairy, Fruit, Nut & Vegetable, Grains)
Based on the application, the bakery & confectioneries segment is set to hold the highest food processing equipment market share of 25% by the end of the forecast period. In countries such as Germany, France, and the United Kingdom, demand for bakery and confectionery products is very high. The market is expected to grow due to the consumption of bread as a staple food throughout Europe. In the European region, approximately 50 kg of bread is consumed on average each year by one person. The equipment used to produce loaves of bread is owned by commercial bakeries. In a shorter period, the equipment available for the production of this bread is capable of producing large quantities.
Our in-depth analysis of the global market includes the following segments:
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Mode of Operation |
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Application |
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Type |
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APAC Market Forecast
The food processing equipment market in the Asia Pacific region is slated to hold the largest revenue share of 35% during the time period between 2024-2036. A notable reason behind the market expansion is the presence of important market players in the Asia Pacific region. Additionally, the development of enhanced equipment would give rise to the production potential of this sector. The market’s growth is driven by increasing demand from countries such as Australia, India, China, and New Zealand for processed foods. In order to meet the increasing population's needs, industry is concentrating on the production of technically superior and innovative equipment to produce more output.
North American Market Statistics
The food processing equipment market in the North America region is estimated to hold a notable share of 28% by the end of 2036. With the presence of 80% of people in urban regions, the United States is considered one of the most important developed economies of the world. As a result, food preferences have been influenced and the growth of the food processing sector has been stimulated in the region. Given the mature nature of the market, it is anticipated that product demand will grow at a slow pace during the projected timeframe. To increase productivity and production capacity, North America has a significant part of its food processing equipment industry using automation and intelligent technology.
Author Credits: Anil Kumar, Ipsheeta Dash
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