Food Processing Equipment Market

Rising health consciousness and dietary shifts in developed, as well as developing regions are also estimated to boost market growth in the years to come. In addition, various government organizations are encouraging the food processing equipment manufacturers to enhance their R&D capabilities, which is also likely to fuel the market growth.

The automatic equipment have witnessed higher demand in recent years as compared to semi-automatic machinery. Industry 4.0 and green revolution in the manufacturing sector favors automation in the food processing industry. This is also supporting the market growth. Food standards and safety are the ace target for the value chain participants and they need to follow stringent government regulations and standards for it.

Factors such as rising disposable income levels, rapid globalization, and adoption of automated technologies, trigger the growth of this market. Growing pressure on the processing industry due to increasing demand for processed and packaged food products as a result of rising population will contribute to the market expansion.

The machinery units in this include forming, extruding, drying, cooling, freezing, coating, thermal, homogenization, and filtration. Recent advances in the machine and equipment sector are expected to revolutionize the industry and drive the segment growth. The global food processing equipment market constantly requires efficient and effective solutions for all the complex manufacturing operations.

Meat, poultry, and seafood segment led the application segment in 2017 occupying a significant share of the market. It is expected to register a CAGR of 7.2% over the forecast period. Beverage application is expected to be the second-largest segment with a CAGR of 6.9% over the coming years.