What is Global Food and Beverages Processing Equipment Market?
The Global Food and Beverages Processing Equipment Market is a vast and dynamic sector that plays a crucial role in the global economy. This market encompasses the machinery and equipment used in the processing of food and beverages, which includes everything from the initial preparation of raw ingredients to the packaging of finished products. The market was valued at a staggering US$ 66190 million in 2023 and is projected to reach an impressive US$ 99030 million by 2030. This growth is driven by a variety of factors, including increasing consumer demand for processed foods and beverages, technological advancements in processing equipment, and the growing need for efficient and hygienic processing methods. The market is also influenced by various regulatory standards and guidelines related to food safety and quality.
Automatic Processing Equipment, Semi-automatic Processing Equipment in the Global Food and Beverages Processing Equipment Market:
The Global Food and Beverages Processing Equipment Market is segmented into automatic and semi-automatic processing equipment. Automatic processing equipment is designed to operate without the need for human intervention. These machines are typically used in large-scale production facilities where high volumes of food and beverages are processed. On the other hand, semi-automatic processing equipment requires some level of human involvement. These machines are often used in smaller facilities or for specialized processes. Both types of equipment play a vital role in the food and beverage industry, helping to ensure the efficient and safe production of a wide range of products.
Bread, Meat, Dairy Products, Drinks, Other in the Global Food and Beverages Processing Equipment Market:
The Global Food and Beverages Processing Equipment Market serves a diverse range of sectors within the food and beverage industry. For instance, in the bread industry, processing equipment is used for tasks such as mixing ingredients, kneading dough, and baking loaves. In the meat industry, processing equipment is used for tasks such as slaughtering, deboning, and packaging. In the dairy industry, processing equipment is used for tasks such as pasteurizing milk, making cheese, and bottling products. In the drinks industry, processing equipment is used for tasks such as brewing, distilling, and bottling. Other areas where this equipment is used include the production of fruits and vegetables, grains, and confectionery products.
Global Food and Beverages Processing Equipment Market Outlook:
Looking at the market outlook, the Global Food and Beverages Processing Equipment Market is set for significant growth. In 2023, the market was valued at US$ 66190 million and is expected to reach US$ 99030 million by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2030. The market is dominated by the top five manufacturers, who collectively hold a market share of over 17%. China is the leading producer of food and beverage processing equipment, accounting for over 30% of the global market. Europe and North America follow, with market shares of around 28% and 17% respectively.
| Report Metric | Details |
| Report Name | Food and Beverages Processing Equipment Market |
| Accounted market size in 2023 | US$ 66190 million |
| Forecasted market size in 2030 | US$ 99030 million |
| CAGR | 5.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Marel, GEA Group, Buhler, JBT Corporation, Alfa Laval, TNA Australia Solutions, Bucher Industries, Equipamientos Carnicos, Clextral, SPX Flow, Bigtem Makine, Fenco Food Machinery, Krones Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
