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Global Food Processing Machinery Market was valued US$55.5 Bn in 2017 and is anticipated to reach US$74.7 Bn by 2026 at a CAGR of 3.78 % during a forecast.
Global food processing machinery market is segmented by product type, by application, and by region. Based on product, food processing machinery market is divided into depositors, extruding machines, mixers, refrigeration, slicers & dicers, and others. Bakery and confectionery products, cereal processing, fruit and vegetable processing, meat and poultry processing, dairy products processing, others are application segments of the food processing machinery market. Regionally, food processing machinery market analyzed is across North America, Europe, Asia-Pacific, Middle East, and Latin America.
The surge in automation of processes in the food manufacturing industry and demand for processed food due to a preference of consumers for nutritious, hygienic, and safe food products is driving the market of food processing machinery market. Replacement of conventional tools over the advanced technology has led to a gain in growth to food processing machinery market. High disposable income in various nations fuels the market growth. Advanced food processing equipment helps to minimize processing time and improve the efficiency of manufacturing operations. Regulation restrictions enacted by the Food Safety Modernization Act (FSMA), is expected to hamper the market.
Global Food Processing Machinery Market
Extruding Machines is dominating the food processing machine market. Extruding machines segment is estimated to show growth rate at a CAGR of 4.6% Extruding machines is employed in the extrusion process is popularly used in food processing. Food items such as cookie dough, sevai, pastas, breakfast cereals, idiappam, jalebi, fig newtons, french fries, baby food, ready-to-eat snacks, and dry pet food are manufactured by using the extrusion process. Recent development in mixer and blender designs have contributed to the growing success of food processing, meeting the requirement for consistency and developing new products while also lowering production costs.
Bakery and confectionery products segment holds maximum share in food processing machine market. Sugar-free confections are gaining popularity owing to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. Escalating demand for easy-to-cook food products across the globe is expected to attain significant market share value within the forecast period.
The Asia Pacific is the fastest growing region in the global food processing machinery market attributed to growing demand for convenient and processed food products in emerging economies such as China and India. A faster pace of growth of food product manufacturers, improving lifestyle along with the rising disposable income, stable economic growth in this region. Advanced food processing equipment helps to minimize processing time and improve the efficiency of manufacturing operations. Europe is anticipated to lead the market during the forecast period followed by Asia-Pacific.
Anko Food Machine Co. Ltd., Atlas Pacific Engineering Co. Inc., Berkshire Hathaway Inc., Bucher Industries, Mallet & Co. Inc., Nichimo Co. Ltd., Spx Corp., Ziemann International, AFE Group Ltd., Bean (John) Technologies Corp., BMA Group, Heat and Control Inc., Hosokawa Micron Corp., and Meyer Industries Inc. are key players of food processing machine market.
The scope of the Global Food Processing Machinery Market
Global Food Processing Machinery Market By Product type:
• Depositors
• Extruding Machines
• Mixers
• Refrigeration
• Slicers & Dicers
• Others
Global Food Processing Machinery Market by Application Type:
• Bakery and confectionery products
• Cereal processing
• Fruit and vegetables processing
• Meat and poultry processing
• Dairy products processing
• Others
Global Food Processing Machinery Market by Region:
• Asia Pacific
• Middle East & Africa
• Latin America
• North America
• Europe
Key Players Analysed in Global Food Processing Machinery Market:
• Anko Food Machine Co. Ltd.
• Atlas Pacific Engineering Co. Inc.
• Berkshire Hathaway Inc.
• Bucher Industries
• Mallet & Co. Inc.
• Nichimo Co. Ltd.
• Spx Corp.
• Ziemann International
• AFE Group Ltd.
• Bean (John) Technologies Corp.
• BMA Group
• Heat and Control Inc.
• Hosokawa Micron Corp.
• Meyer Industries Inc.
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