What Has Been the Growth Trajectory of the Food Processing Machinery Market?
The food processing machinery market has seen considerable growth due to a variety of factors.
•The market size for food processing machinery has experienced robust growth in recent years. The market which was valued at $61.81 billion in 2024, is expected to rise to $65.73 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.3%.
The historical growth trend is largely due to factors such as an escalating global appetite for processed foods, more rigid food safety governance, growth in disposable income, an emphasis on operational effectiveness, and increasing awareness about health and nutrition.
What Does the Future Hold for the Food Processing Machinery Market?
The food processing machinery market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market for food processing machinery is anticipated to experience robust growth, with projections suggesting it will reach a value of "$83.37 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.1%.
This rise in value in the forecasted period may be ascribed to the incorporation of smart manufacturing and industry 40, earth-friendly strategies, the growing global population, customization and flexibility, and rapid urbanization. The forecast period is expected to observe major trends such as the incorporation of automation and robotics, a focus on sustainability, advanced sensor technology, data analysis and machine learning, as well as customization and modular design.
What Are The Leading Drivers Of Growth In The Food Processing Machinery Market?
The surge in demand for processed food is anticipated to drive the expansion of the food processing machinery industry. Processed food encompasses any food category that is not in its raw form and has been altered through some level of food processing. This may include food items that have been cooked, canned, frozen, dried, or packaged. These food processing techniques can be facilitated by the use of food processing machinery. For example, as per reports from Agriculture and Agri-Food Canada (AAFC), a government body in Canada responsible for agriculture and food-related commodities, the exports of processed food and beverage products in 2022 peaked at a record-breaking value of $54.3 billion. This was a significant 14.1% jump compared to the previous year, 2021. These exports accounted for 34.7% of the total production value. Consequently, the escalated consumption of processed food is fuelling the growth of the food processing machinery market.
How Are The Segments Defined Within The Global Food Processing Machinery Market?
The food processing machinery market covered in this report is segmented –
1) By Type: Depositor, Extruding Machines, Mixers, Refrigeration, Slicers And Dicers, Other Types
2) By Mode Of Operation: Semiautomatic, Fully Automatic
3) By Application: Bakery And Confectionery, Meat, Poultry And Seafood, Dairy, Beverages, Other Applications
Subsegments:
1) By Depositor: Cookie Depositors, Cake Depositors, Chocolate Depositors
2) By Extruding Machines: Single-Screw Extruders, Twin-Screw Extruders, Sheet Extruders
3) By Mixers: Planetary Mixers, Ribbon Mixers, Batch Mixers
4) By Refrigeration: Industrial Refrigeration Systems, Blast Freezers, Refrigerated Storage Units
5) By Slicers And Dicers: Vegetable Slicers, Meat Slicers, Fruit Dicers
6) By Other Types: Filling Machines, Packaging Machines, Cooking Equipment
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How Are New Trends Expected To Influence The Growth Of The Food Processing Machinery Market?
The primary trend gaining traction in the food processing machinery market is product innovation. Leading firms in this market are rolling out novel products to maintain their market standing. An illustrative example is GE Appliances, a company specializing in home appliances in the US. In December 2022, it introduced the GE Profile smart mixer, equipped with Auto Sense technology. This unique product is a smart gadget that recognizes voice commands from Google or Alexa. Its remarkable feature is the auto-sense technology, which gives it the ability to automatically detect changes in the viscosity of the mixture and adjust accordingly. It employs torque sensors to monitor viscosity changes to enhance and streamline the process. This feature is coordinated with the SmartHQ app, offering access to well-guided recipes which elaborate the process step by step.
Who Are the Key Players in the Food Processing Machinery Market?
Major companies operating in the food processing machinery market include:
• Tetra Laval International S.A.
• SPX Corporation
• Nichimo Co Ltd.
• GEA Group AG
• Hosokawa Micron Corp.
• John Bean Technologies Corporation
• Heat and Control Inc.
• Tomora Systems ASA
• AFE Group Ltd.
• Bühler AG
• Krones AG
• Alfa Laval AB
• Meyer Industries Inc.
• Baader North America Corporation
• Satake Corp.
• The Middleby Corp.
• Bucher Industries AG
• Marel
• Clextral
• Fenco Food Machinery
• Braunschweigische Maschinenbauanstalt AG
• KHS GmbH
• Bizerba SE & Co. KG
• Atlas Pacific Engineering Company Inc.
• Duravant Company
• Asea Brown Boveri Ltd.
• Baader
• Mecatherm
• FAM Stumabo
• Rheon Automatic Machinery Co. Ltd.
• Heatcraft Worldwide Refrigeration
• Anko Food Machine Co. Ltd.
• Baker Perkins
What Is The Most Dominant Region In The Food Processing Machinery Market?
Europe was the largest region in the food processing machinery market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global food processing machinery market report during the forecast period. The regions covered in the food processing machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
