Global Food Processing and Handling Equipment Market Size By Application (Alcoholic Beverages, Dairy Meat, Poultry, Confectionery, Non-alcoholic Beverages, Bakery), Type (Food Processing, Food Packaging, Food Service), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030

Market Perspective

The global Food Processing and Handling Equipment Market size was recorded at around USD 140.21 billion in 2022 and is anticipated to grow to about USD 221.15 billion by 2030 at a CAGR of nearly 5.86% between 2023 - 2030.

Food processing and handling equipment play a pivotal role in various industries, facilitating the transformation of raw food materials into consumable products. This equipment finds application in seafood cultivation, poultry rearing, dairy and beverage production, and more. Industries are increasingly integrating cutting-edge technologies like the Internet of Things (IoT) to enhance user experiences, mitigate processing risks, and elevate food safety standards. The I.M.A. Group, for instance, has introduced IoT-based smart services such as the IMA Control Room and Industry 4.0. These innovations provide features like real-time alerts, comprehensive reports, and round-the-clock support for all machinery. Market drivers include the pursuit of operational efficiency and the demand for food products meeting stringent quality benchmarks. Current trends encompass sustainable processing methods, automation, and digitalization. The future of the food processing and handling equipment market appears promising as the industry continues to harness technology for improved productivity and product integrity.

Key Insights

• Based on application, the dairy meat segment held the dominating position with the highest market value in 2022
• Based on type, the food processing segment acquired the largest market share in 2022
• Based on region, North America accounted for the largest market share of in 2022

Demand for Enhanced Food Safety Spurs Technological Advancements

The escalating demand for enhanced food safety is propelling the food processing and handling equipment market forward. As consumers become more conscious about the quality and safety of their food, industries are compelled to invest in cutting-edge technology. The implementation of advanced equipment, like Internet of Things (IoT)-enabled solutions, empowers real-time monitoring and data analysis throughout the food production and handling process. This ensures the integrity of food products and facilitates rapid response to any potential contamination risks. From seafood to dairy and poultry industries, the need to guarantee food safety is driving the adoption of innovative solutions, ushering in a new era of precision and confidence in the global food supply chain.

Supply Chain Disruptions Exacerbate Market Challenges Amidst Global Uncertainties

The food processing and handling equipment market faces a significant restraint in the form of supply chain disruptions, magnified by the uncertainties prevailing on a global scale. The intricate network of suppliers, manufacturers, and distributors that sustains this industry has been deeply affected by factors such as trade tensions, natural disasters, and the recent pandemic. These disruptions have led to shortages of essential components and materials required for the manufacturing of equipment, subsequently impeding production capacities and timelines. Furthermore, logistical challenges in transporting equipment across borders and regions have added complexities to the industry's operations. The inability to ensure a steady and uninterrupted flow of equipment hampers the ability of food processors and handlers to optimize their production processes, potentially leading to delays in meeting market demands.

Recent Development

April 2023: OFBusiness ventured into the food processing sector through its acquisition of Koeleman. This move signified OFBusiness's strategic expansion, enabled it to tap into the dynamic food processing market, and leverage Koeleman’s expertise to bolster its presence in this industry segment.

Segmentation Analysis

Based on application, the market is segmented into alcoholic beverages, dairy meat, poultry, confectionery, non-alcoholic beverages, and bakery. The dairy meat segment secured the largest market share in 2022 and is poised to maintain its dominance through the projected period. This can be attributed to the sustained global demand for dairy products, coupled with technological advancements in processing and handling equipment. Factors like increasing population, dietary preferences, and the rise of value-added dairy products are likely to drive the growth of the segment.

Based on type, the market is trifurcated into food processing, food packaging, and food service. The food processing segment is expected to boast the highest CAGR in the upcoming years, owing to the increasing need for efficient and automated processing methods. As consumer demands evolve, food processors are seeking to enhance productivity while maintaining product quality and safety. This drive toward streamlined operations, coupled with advancements in processing technologies, is anticipated to fuel the rapid growth of the food processing segment in the foreseeable future. 

North America's Market Dominance Anchored in Technological Advancements and Consumer Trends

North America dominated the market in 2022 with the highest valuation. This prominent position is attributed to several factors, including the region's well-established food and beverage industry, technological advancements, and stringent food safety regulations. The robust demand for convenience foods, ready-to-eat meals, and premium products has propelled the adoption of sophisticated food processing and handling equipment in North America. Moreover, the emphasis on sustainable production practices and integrating automation and IoT solutions have boosted operational efficiency. The market dominance of North America is poised to continue, driven by an increasing focus on health-conscious consumer preferences, a growing demand for innovative food products, and a continuous push for streamlined and sustainable food production processes. The region's proactive approach to adopting emerging technologies and ensuring the highest standards of food safety positions it favorably for sustained growth in the market.

Asia-Pacific's Flourishing Food Processing Equipment Market Driven by Multifaceted Forces

Asia-Pacific is the fastest-growing region in the food processing and handling equipment industry and is expected to boast the highest CAGR in the forecast period. This remarkable growth can be attributed to a combination of factors driving the region's food processing and handling equipment market. Rapid urbanization, a burgeoning population, and changing dietary preferences have led to an increased demand for processed and convenience foods in Asia-Pacific. As disposable incomes rise, consumers are seeking packaged foods that offer convenience and extended shelf life. Furthermore, the region's agricultural landscape and the need for efficient utilization of resources have prompted investments in advanced processing technologies to reduce food waste and enhance production yields. Governments across the region are also prioritizing food safety and regulatory compliance, fostering the adoption of modern equipment that ensures quality control. Thus, the Asia-Pacific global food processing and handling equipment market is set to observe robust growth driven by evolving consumer habits and the pursuit of sustainable and technologically-driven food production practices.

Competitive Landscape

The global food processing and handling equipment market is fragmented with key players such as Bühler Group, Tetra Pak, Alfa Laval AB, Marel HF, Heat and Control Inc., Bucher Industries AG, The Middleby Corporation, GEA Group, JBT Corporation, and SPX FLOW Inc., among others. Companies in the sector are employing a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.

The global Food Processing and Handling Equipment Market is segmented as follows:

By Application

• Alcoholic Beverages
• Dairy Meat
• Poultry
• Confectionery
• Non-alcoholic Beverages
• Bakery

By Type

• Food Processing
• Food Packaging
• Food Service

By Region

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• GCC
• South Africa
• North America
• Rest of Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America