DUBLIN--(BUSINESS WIRE)--The "Food Processing & Handling Equipment Market by Type (Food Processing Equipment, Food Packaging Equipment, and Food Service Equipment), Application, Form (Solid, Liquid, and Semi-Solid), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The food processing & handling equipment market was valued at USD 129.2 billion in 2018 and is projected to reach USD 196.6 billion by 2025, at a CAGR of 6.2% from 2019.
The report segments the food processing & handling equipment market on the basis of equipment type, application, form, and region. In terms of insights, this report has focused on various levels of analyses - competitive landscape, end-use analysis, and company profiles - which together comprise and discuss views on the emerging & high-growth segments of the global food processing & handling equipment market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
The key players in this market are GEA Group (Germany), ALFA LAVAL (Sweden), Bhler Holding AG (Switzerland), JBT Corporation (US), SPX Flow (US), Robert Bosch (Germany), IMA Group (Italy), Multivac (Germany), Krones Group (Germany), Tetra Laval International S.A. (Switzerland), Middleby Corporation (US), Dover Corporation (US), Ali Group S.r.l (Italy), Electrolux (Sweden), and Hoshizaki (Japan).
The food processing & handling equipment market is projected to grow at a CAGR of 6.2%
The rising disposable incomes, growing population, busy lifestyles, and shift in the focus toward convenience foods and instantly processed foods are some of the key trends that are driving the demand for food processing equipment, which is, in turn, influencing the growth of the food processing & handling equipment market. Companies across food processing, food retail, and foodservice value chains have various opportunities to access or increase their penetration of equipment products, either organically or through acquisition.
The bakery & confectionery products segment in the food processing & handling equipment market is estimated to dominate the application segment of the food processing & handling equipment market
Based on application, the bakery & confectionery segment is estimated to be the largest segment of the food processing & handling equipment market during the forecast period. The market is highly impacted by innovations, as manufacturers are always introducing new processing techniques to produce complex bakery products of different shapes and sizes. Development of new machinery and enhancement of the existing ones are the key strategies adopted by many players in the market. In addition, the increasing focus on the expansion of facilities, marketing schemes, and information exchange programs to create awareness and enhance the applications of bakery processing equipment is projected to contribute to the growth of the segment.
The filling & dosing equipment subsegment of the food packaging equipment segment is projected to be the fastest-growing segment during the forecast period
Based on equipment type, the filling & dosing equipment subsegment is projected to be the fastest-growing sub-segment of the food packaging equipment segment of the food processing & handling equipment market during the forecast period. The filling methods vary based on the nature of the product being packaged. Filling machines include one or more dosing devices with which the containers can be controlled. The increased demand for portion packaging is expected to increase the demand for filling & dosing machines, as they provide efficient need-based packaging and help in optimizing the packaging process.
Asia Pacific is a key region in the food processing & handling equipment market; it is projected to be the fastest-growing regional market in 2019
Asia Pacific is projected to be the fastest-growing region in the food processing & handling equipment market in 2019. Global players are expanding their businesses in the Asia Pacific to cater to the increasing demand. The rapid economic growth, because of the rising development in countries such as China and India, is contributing to the growth of the food & beverage and consumer product industries. This growth is also attributed to factors such as the increasing demand for convenience food and the increasingly busy lifestyles of consumers. This, in turn, increases the demand for food processing and packaging machinery.
- Rising Demand for Meat, Poultry, Bakery, Dairy, and Confectionery Products
- Rise in Focus on Production and Operational Efficiency, Processing Time, and Quality of Food Products
- Increase in Demand for Hygienic Food Packaging
- Shift Toward Convenient Food Packaging
- Increasing Cost of Production Due to Rise in Energy and Labor Costs
- Stringent Environmental Regulations
- Growth in Investment Opportunities for the Development of New Food & Beverage Processing Technologies
- Rise in Demand From Developing Countries Such as China and India
- Infrastructural Challenges in Developing Countries
- Ensuring the Correct Mixture of Gases in Controlled Environment Packaging
- Alfa Laval
- Ali Group S.R.L.
- Buhler AG
- Dover Corporation
- GEA Group
- IMA Group
- JBT Corporation
- Krones Group
- Middleby Corporation
- Robert Bosch
- SPX FLOW
- Tetra Laval International S.A.
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