The report "Food Processing Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region - Global Forecast to 2025", The global food processing handling equipment market is estimated to be valued at USD 137.2 billion in 2019 and is projected to reach USD 196.6 billion by 2025, growing at a CAGR of 6.2%. Advancements in the food processing packaging equipment industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors that are expected to support the growth of the food beverage processing equipment market. With the growing preference for healthy food and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies are also expected to support the growth of the food processing handling equipment market.
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The bakery confectionery products segment is estimated to account for the largest share in the market in 2019.
By application, the bakery confectionery products segment is estimated to account for the largest share in the food processing handling equipment market in 2019. Processing equipment such as industrial ovens, molders, formers, mixers, blenders, and cutters form an integral part of bakery confectionery products manufacturing, and their high demand is mainly due to the highly fragmented bakery confectionery market and high prevalence and demand for these products in both developed and developing countries. The demand for ultra-processed bakery products is high in developed countries such as the UK, Germany, the US, Canada, and Spain. These countries represent an established bakery industry and are experiencing a rise in the popularity of premium and innovative bakery products such as pastries, glazed chocolate coated donuts, sugar chocolate coated cookies, and chocolate pies. Such countries are focused on the production of bakery items to meet the increasing demand. This demand for bakery products is facilitating the increasing use of bakery processing equipment.
The meat poultry segment is projected to witness strong growth due to the rising demand for convenience food products.
The growing demand for convenience food products is one of the major drivers that has effected a surge in demand for food processing handling equipment for the meat poultry industry. The preference for convenience food products, including meat and poultry, is increasing due to busy life schedules of people and the increasing working women population. The demand for convenience food products has surged, as they are easy to cook and consume less time, which, in turn, has boosted the demand for meat poultry processing equipment market during the forecast period. The growing number of organized retailers is increasing the sale of ready-to-eat meals, including meat and poultry food products, which, in turn, is fueling the demand for food processing handling equipment for the meat poultry industry.
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The Asia Pacific market is projected to grow at the highest CAGR during the forecast period.
Asia Pacific is projected to be the fastest-growing regional market for food processing handling equipment in 2019. The region is expected to experience a sharp rise in the demand for advanced food processing machinery that helps reduce processing time and enhance the efficiency of manufacturing operations. The expected growth in the number of food processing units in this region is further projected to boost the supply and consumption of food beverage processing equipment. The food processing sectors in countries such as China, India, Australia, and New Zealand are export-oriented; also, the processing sector is of prime importance in these countries, as the players here are focusing on technology adoption and automation. This is expected to have a positive impact on the food beverage processing equipment market in the region.
Key Market Players:
The key players in the market are GEA (Germany), Buhler Ag (Switzerland), Alfa Laval (Sweden), JBT Corporation (US), SPX FLOW (US), Robert Bosch (Germany), IMA Group (Italy), Middleby Corporation (US), and Dover Corporation (US), Robert Bosch (Germany), IMA Group (Italy), Tetra Laval (Switzerland), Multivac (Germany), Middleby Corporation (US), Welbilt, Inc. (US), and Electrolux (Sweden). These players, along with the other players, adopted various business strategies such as new product launches, expansions, and joint ventures agreements in the last few years, to meet the growing demand for food processing handling equipment market.