Food and Beverages Processing Equipment Market

Global Food and Beverages Processing Equipment Market:

The global food and beverages processing equipment market size reached US$ 61.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 93.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032. An increase in the adoption of energy-saving manufacturing technologies across the F&B industry is stimulating the market.

Food and Beverages Processing Equipment Market Analysis:

• Major Market Drivers: The escalating demand for processed foods, advancements in automation, and increased food safety requirements are some of the food and beverages processing equipment market growth drivers.
• Key Market Trends: The rise in plant-based diets leading to an increased need for specialized processing equipment is a significant growth-inducing factor.
• Competitive Landscape: Some of the prominent players in the market include Marel, GEA Group, Bühler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Equipamientos Cárnicos, S.L. (Mainca), Clextral, SPX Flow, Bigtem Makine, Fenco Food Machinery, and Krones Group, among many others.
• Geographical Trends: Asia Pacific is currently dominating the market due to rapid urbanization, higher disposable income, and a shift to packaged and convenient meals. Additionally, the growing consumer awareness of health and hygiene is contributing to the market's expansion in this region.
• Challenges and Opportunities: The high initial investment costs hinder the market. However, adopting scalable automation technologies and seeking government incentives for modernizing food processing operations will continue to catalyze the market during the forecast period.
   

Food and Beverages Processing Equipment Market Trends:

Increasing Awareness about Sustainability

The need for energy-efficient and environmentally friendly processing equipment is increasing due to sustainability concerns. Manufacturers are investing in technologies that reduce waste, water consumption, and carbon footprints. In May 2024, Diageo announced its investment plan to decarbonize its historic Guinness brewery in Dublin.

Focus on Expansion of Packaging Automation

Packaging automation is gaining traction as manufacturers seek more efficient and cost-effective ways to package food and beverages. Automated packaging solutions eliminate waste and increase packing speed, especially in high-volume manufacturing conditions. In May 2024, Pernod Ricard and ecoSPIRITS announced a five-year global licensing agreement in which Pernod Ricard would distribute its top spirits brands in large and reusable containers to hospitality venues.

Growing Use of Smart Technologies

The food and beverages processing equipment market overview is exploring automation and smart processing technologies, such as IoT-enabled equipment and artificial intelligence, which are transforming the food and beverage processing equipment industry. These improvements boost production efficiency and offer greater quality control. In March 2024, Sojo Industries, a leading automation and robotics mobile manufacturer of multi-pack assembly for food and beverage brands and retailers, launched Sojo Shield, a unique dock-to-dock software platform offering real-time, accurate reporting on key tracking events such as shipping, receiving, and transport.

Global Food and Beverages Processing Equipment Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the food and beverages processing equipment market forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on type, end product form, mode of operation, and application.

Breakup by Type:

• Pre-Processing
• Processing
   

Among these, processing currently holds the largest share

The report has provided a detailed breakup and analysis of the market based on the type. This includes pre-processing and processing. According to the report, processing represented the largest market segmentation.

Processing equipment is used for tasks, such as mixing, grinding, pasteurization, and packing. These machines use innovative automation technology to provide consistent quality, safety, and efficiency in manufacturing, benefiting industries such as dairy, baking, meat, and drinks. 

Breakup by End Product Form:

• Solid
• Liquid
• Semi-Solid
   

Currently, solid dominates the market, holding the largest food and beverages processing equipment market share

The report has provided a detailed breakup and analysis of the market based on the end product form. This includes solid, liquid, and semi-solid. According to the report, solid represented the largest market segmentation.

The primary functions of solid food processing equipment are cutting, grinding, and packaging. It is critical for handling baked goods, snacks, and meat products, assuring uniformity, precision, and quality control throughout the manufacturing process.

Breakup by Mode of Operation:

• Semi-Automatic
• Automatic
   

Semi-automatic currently represents the largest segment

The report has provided a detailed breakup and analysis of the market based on the mode of operation. This includes semi-automatic and automatic. According to the report, semi-automatic represented the largest market segmentation.

Semi-automatic food and beverage processing equipment combines manual and automated activities, providing greater flexibility and control in tasks such as packing, mixing, and filling. It improves production efficiency while allowing operators to oversee individual operations, making it appropriate for midsize manufacturing companies. This segment is shaping the food and beverages processing equipment market outlook.

Breakup by Application:

• Bakery and Confectionery
• Meat and Poultry
• Dairy Products
• Fish and Seafood
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Others
   

At present, meat and poultry exhibit a clear dominance in the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes bakery and confectionery, meat and poultry, dairy products, fish and seafood, alcoholic beverages, non-alcoholic beverages, and others. According to the report, meat and poultry represented the largest market segmentation.

Meat and poultry processing equipment is designed to handle duties such as cutting, grinding, deboning, and packaging. These technologies ensure sanitation, safety, and efficiency when handling huge volumes, thereby addressing the global market need for high-quality and processed meat.

Breakup by Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
   

Asia Pacific currently dominates the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, Asia Pacific accounted for the largest market share.

As per the food and beverages processing equipment market analysis, Asia Pacific leads the market as a result of increased demand for processed foods, urbanization, and technological developments. The region is a significant contributor, owing to the rising consumption of packaged and convenient meals.

Competitive Landscape:

The research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• Marel
• GEA Group
• Bühler
• JBT Corporation
• Alfa Laval
• TNA Australia Solutions
• Bucher Industries
• Equipamientos Cárnicos
• S.L. (Mainca)
• Clextral
• SPX Flow
• Bigtem Makine
• Fenco Food Machinery
• Krones Group
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

 Food and Beverages Processing Equipment Market Recent Developments:

• May 2024: Diageo announced its investment plan to decarbonize its historic Guinness brewery in Dublin.
• May 2024: Pernod Ricard and ecoSPIRITS announced a five-year global licensing agreement in which Pernod Ricard would distribute its top spirits brands in large and reusable containers to hospitality venues.
• March 2024: Sojo Industries, a leading automation and robotics mobile manufacturer of multi-pack assembly for food and beverage brands and retailers, launched Sojo Shield, a unique dock-to-dock software platform offering real-time, accurate reporting on key tracking events such as shipping, receiving, and transport.

Food and Beverages Processing Equipment Market Report Scope:

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the food and beverages processing equipment market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global food and beverages processing equipment market.
• The study maps the leading, as well as the fastest-growing, regional markets.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the food and beverages processing equipment industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.