Global Food and Beverage Processing Equipment Market Analysis – A USD 98.31 Billion Market in 2028

Will Kreznick

DUBLIN, June 25, 2021–(BUSINESS WIRE)–The “Food and Beverage Processing Equipment Market Size, Share & Analysis, By Food Or Beverage Form, By Application, By Equipment, By Operation Type, By Processing Type And By Region, Forecast To 2028” report has been added to ResearchAndMarkets.com’s offering. Growing consumption of processed food products among […]

DUBLIN, June 25, 2021–(BUSINESS WIRE)–The “Food and Beverage Processing Equipment Market Size, Share & Analysis, By Food Or Beverage Form, By Application, By Equipment, By Operation Type, By Processing Type And By Region, Forecast To 2028” report has been added to ResearchAndMarkets.com’s offering.

Growing consumption of processed food products among consumers across the globe is resulting in need for related equipment for processing food in food sector, which is a key factor driving market revenue growth.

Key Data:

  • Market Size – USD 62.31 Billion in 2020

  • Market Growth – CAGR of 5.8%

  • Market Trends – Increasing focus of market players to develop enhanced and cost-effective equipment.

The global food and beverage processing equipment market size is expected to reach USD 98.31 Billion in 2028, and register a CAGR of 5.8% during the forecast period. Changing eating habits of consumers, owing to changing lifestyle, hectic work-life, is resulting increasing dependency on ready-to-eat and packaged processed food and beverages. This is a major factor expected to drive use of food and beverage processing equipment and drive market growth.

Increasing investments for technologically advanced equipment by food and beverage processing companies to increase production capacity, and growing awareness regarding benefits of using equipment in food companies including automation of processes, minimal or no human intervention, no contamination, etc. are other major factors driving market growth.

Spreading awareness regarding health hazards of over-consumption of processed food products could limit consumption of processed food and restrain use of food and beverage processing equipment.

Key Report Findings:

  • Among the food or beverage form segments, the solid form segment accounted for major revenue share in the global food and beverage processing equipment market. The liquid form segment is projected to register highest CAGR in the global market during the forecast period.

  • Among the application segments, the poultry, meat & seafood application segment accounted for major revenue share in 2020, and is projected to register highest CAGR over the forecast period, owing to increasing demand for processed non-vegetarian food products among individuals.

  • Among the equipment operation type segments, the manual equipment operation type segment accounted for major revenue share in the global market in 2020.

  • Among the processing type segments, the across the factory segment is expected to register highest growth rate during the forecast period. The primary processing segment is expected to account for significantly high revenue share in the global market.

  • The Asia Pacific market is expected to dominate in the global market over the forecast period, owing to presence of large number of food processing equipment companies in the region, and increasing consumption of processed food products resulting in use of these equipment in the food sector for processing food.

  • Key players profiled in the report include Marel HF, Alfa Laval, JBT Corporate, GEA Group, Par-way Tryson, Krones AG, Buhler AG, SPX Flow Inc., Middleby Corporation, Tetra Pak. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Key Topics Covered:

  • Market Synopsis

  • Executive Summary

  • Indicative Metrics

  • Food & Beverage Processing Equipment Segmentation & Impact Analysis

  • Food & Beverage Processing Equipment Market By Food or Beverage Form Insights & Trends

  • Food & Beverage Processing Equipment Market By Application Insights & Trends

  • Food & Beverage Processing Equipment Market By Equipment Operation Type Insights & Trends

  • Food & Beverage Processing Equipment Market By Processing Type Insights & Trends

  • Food & Beverage Processing Equipment Market Regional Outlook

  • Competitive Landscape

Company Profiles

  • Marel HF

  • Alfa Laval

  • JBT Corporate

  • GEA Group

  • Par-way Tryson

  • Krones AG

  • Buhler AG

  • SPX Flow Inc.

  • Middleby Corporation

  • Tetra Pak

For more information about this report visit https://www.researchandmarkets.com/r/4sgaz8

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ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210625005127/en/

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