Food & Beverage Processing Equipment Market

Industry Overview

Food & beverage processing equipment includes industrial mixers, ovens, blenders, molders, cutters, tanks, kettles, vacuum pans, and formers. The escalating requirement for meat, bakery, poultry, confectionary, and dairy products, and the mounting need for processed and convenience food are the major factors driving the growth of the food & beverage processing equipment market. Different types of processing supported the food & beverage processing equipment market size. The market has witnessed high command for processing equipment in the coming years due to swiftly mounting bakery product, beverage industries, and dairy product and to encounter consumer requirement.

Market Segmentation

Insight by Type

On the basis of type, the food & beverage processing equipment market is subdivided into pre-processing and processing. The processing equipment segment accounted for the larger share in the market due to swiftly mounting bakery product, beverage industries, and dairy product and to encounter consumer requirement. The pre-processing is further subdivided into cutting, peeling, grinding, slicing, and washing, sorting & grading and mixing & blending. The processing is further subdivided into the coating, filtration, thermal, forming, pressing, extruding, drying, cooling, and freezing and homogenization.

Insight by Application

On the basis of application, the market is subdivided into bakery & confectionery products, alcoholic beverages, dairy products, meat & poultry, non-alcoholic beverages, fish & seafood, and others. Highly fragmented bakery & confectionery market and elevated prevalence and need for these products are some of the factors responsible for the growth of the bakery & confectionery products segment. Of all the application, the bakery & confectionery products segment accounted foremost share in the food & beverage processing equipment market.

Processing equipment includes industrial mixers, ovens, blenders, molders, cutters, and formers for bakery and confectionery product manufacturing, Moreover, meat & poultry application is expected to grow at the fastest rate in the market, due to upsurge in preference of processed and frozen meat products and the mounting number of quick-service restaurants.

Insight by End Product Form

On the basis of the end product, the market is subdivided into solid, semi-solid and liquid. Among the all end product form, solid segment accounted for the largest share in the food & beverage processing equipment market due to easy handling, changing lifestyle and packaging of end products.

Insight by Mode of Operation

On the basis of mode of operation, the market is subdivided into semi-automatic and automatic. Among both modes of operation, the semi-automatic operation category accounted for the larger share in the food & beverage processing equipment market due to its benefits such as cost-effectiveness, inadequate capital capacity and consumes less energy. In addition, the automatic segment is expected to grow at the fastest rate in the market as to provide accurate processing, reliable and quick production process, decreased labor prices, optimum utilization of time and controlled operation.

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Industry Dynamics

Growth Drivers

The escalating requirement for meat, bakery, poultry, confectionary, and dairy products, the mounting need for processed and convenience food, innovation of smart food processing equipment and the mounting need for inventive food & beverage products are the primary growth drivers for food & beverage processing equipment market.

Mounting investing opportunities in the expansion of innovative food & beverage processing technologies, increase in disposable income, improved living standards and amplified focus on production efficiency, processing time, and quality of food products are also facilitating the growth for the food & beverage processing equipment market.

Challenges

The mounting price of production due to increasing energy and labor prices, infrastructural challenges in developing countries, elevated initial asset and recurring price and the mounting need for organic and fresh food products are the major challenges for the growth of food & beverage processing equipment market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the food & beverage processing equipment market are required to maintain stringent regulatory standards. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, Asia-Pacific is the largest food & beverage processing equipment market as in the region the demand for processed food is increasing. The upsurge in the need for innovative food processing machinery, large population base, the mounting number of quick-service restaurants, the mounting number of manufacturing amenities and the improving effectiveness of manufacturing operations have boosted the demand for food & beverage processing equipment market in the Asia Pacific region.

Competitive Insight

Key players in the food & beverage processing equipment market are catering to the demand by investing in new product launches across the globe. In August 2018, Marel acquired MAJA, the German food processing equipment manufacturer, to strengthen its position in the advanced processing equipment and solutions. Marel, Bühler, Bucher Industries, Bigtem Makine, GEA Group, SPX Flow, Krones Group, Clextral, JBT Corporation, TNA Australia Solutions, Alfa Laval and Equipamientos Cárnicos, S.L. are the key players offering food & beverage processing equipment.