Food processing

Global Food Processing and Handling Equipment Market (2021 to 2026) – Transition to Convenient Food Packaging Drives Growth

DUBLIN, April 14, 2022–(BUSINESS WIRE)–The “Food Processing and Handling Equipment Market by Type (Food Processing, Food Service, Food Packaging), Application (Meat & Poultry, Bakery & Confectionery, Alcoholic Beverages, Non-Alcoholic, Dairy Products), End – Product and Region Form – Global Forecast to 2026″ has been added to from ResearchAndMarkets.com offer.

The food processing and handling equipment market is expected to grow from USD 130.6 billion in 2021 to USD 175.1 billion by 2026, registering a compound annual growth rate (CAGR) of 6.0% during the forecast period.

The food processing and handling equipment market is showing strong growth, with growing demand for prepared food products globally, changes in consumer lifestyles, as well as a leap in capabilities technologies and growing investment opportunities in the food processing industry.

The food processing equipment segment is expected to dominate the food processing and handling equipment market over the forecast period.

The food processing equipment market has been further segmented into pretreatment and primary treatment equipment. One of the major drivers of the food processing equipment market is the growth of the processed food sector, owing to the growing demand for ready-to-eat and ready-to-cook products. Additionally, to provide the highest and consistent quality products while keeping production costs as low as possible, automated processing equipment is increasingly being adopted by food and beverage manufacturers.

Asia-Pacific is expected to register the highest growth during the forecast period.

The Asia-Pacific food processing and handling equipment market is expected to experience the highest growth between 2021 and 2026. The region’s industrial growth over the years, followed by improvements in the food and beverage industry, created new opportunities for the food industry. processing and handling equipment market.

Growing middle class population in the region, increasing disposable income of customers, and demand for meat, bakery and dairy products and on-the-go food items are driving the growth of the market for food processing and handling. Many food companies have expanded their manufacturing facilities in these countries, which has also boosted the market for food processing and handling equipment.

Market dynamics

Drivers

  • Growing demand for meat, poultry, bakery, dairy and confectionery products

  • Increased focus on production and operational efficiency, processing time and food product quality

  • Increase in demand for hygienic food packaging

  • Switch to convenient food packaging

Constraints

Opportunities

  • Growing investment opportunities for the development of new food and beverage processing technologies

  • Increasing demand from developing countries, such as China and India

Challenges

Companies cited

  • ALFA LAVAL (Sweden)

  • Ali Group Srl (Italy)

  • Align Industry (India)

  • Buhler Holding AG (Switzerland)

  • Dairy Tech India (India)

  • Dover Corporation (USA)

  • Electrolux (Sweden)

  • GEA Group (Germany)

  • Global Bakery Solutions (UK)

  • Hoshizaki (Japan)

  • IMA Group (Italy)

  • JBT Corporation (USA)

  • Krones Group (Germany)

  • Middleby Corporation (USA)

  • Multivac (Germany)

  • Robert Bosch (Germany)

  • Sealtech Engineers (India)

  • Spheretech Packaging India Pvt Ltd (India)

  • SPX stream (US)

  • Tetra Laval International SA (Switzerland)

For more information about this report visit https://www.researchandmarkets.com/r/x0qpct

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220414005640/en/

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