Food Processing System Market Size, Share, Growth, and Industry Analysis, By Type (Frozen Food Processing Machinery, Bakery and pasta Processing Machinery, Meat Processing Machinery and Others), By Application (Food Processing Plants, Restaurants and Others) Regional Forecast To 2031

Updated On: 01 April 2024

Food Processing System Market Report Overview

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The global food processing system market size is USD 60.63 billion in 2022 the market is projected to touch USD 96.50 billion by 2031, exhibiting a Compound annual growth rate (CAGR) of 5.2% during the forecasting period. The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.

The process of turning fresh foods into finished goods is called food processing. It is a procedure that turns agricultural output or raw materials into foods that can be eaten right away. It involves a variety of procedures, including fermenting, crystallising, blending, washing, cutting, and pasteurisation, among others. Distribution, preservation, convenience of preparation, and reduced susceptibility to deterioration compared to fresh food are all advantages of food processing. Additionally, it enhances the flavour of food while lowering the prevalence of foodborne illness. Food processing is divided into depositors, extruding machines, mixers, refrigerators, slicers and dicers, and others depending on the kind. Beverages, dairy, meat and poultry, bakery, convenience foods and snacks, fruits and vegetables, confectionery, and more are some of the applications of food processing system.

Over the upcoming years, the food processing system market growth is anticipated to be driven by advancements in food processing technology, an increase in consumer demand for processed foods, and increased research and development in food processing equipment.

COVID-19 Impact: The Pandemic Dysfunctioned the Economy and Hampered Market Growth

The COVID-19 pandemic has an impact on the world's food business since governments have shut down bars and restaurants to stop the virus's spread. Daily restaurant traffic fell dramatically globally compared to the same time in 2019. Restaurant closures had a knock-on effect on businesses in allied industries, including those that produce food, alcoholic beverages, wine, and beer, ship food and beverages, and fish and farm. In industrialised places where substantial amounts of entire food categories are generally imported utilising just-in-time logistics, the problems were extremely disruptive. The United Nations issued a warning in June 2020, stating that the pandemic-induced recession was causing the globe to experience the biggest food crisis in 50 years.

LATEST TRENDS

"Increasing Innovations and Adoption of Automated Technology to Propel the Market Growth"

The global food processing system market is anticipated to grow faster due to an increase in food industry advancements. Additionally, the expansion of the food processing sector and improvements in food production capabilities will favourably affect the expansion of the global food processing market. Over the anticipated years, the market is anticipated to be driven by advancements in food processing technologies and a rise in consumer demand for processed foods. Additionally, rising research and development in food processing machinery as well as the increasing implementation of automated technologies in this sector are expected to enhance the market in the upcoming years.

Food Processing System Market SEGMENTATION

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• By Type Analysis

Based on type, the food processing system market is subdivided into frozen food processing machinery, bakery and pasta processing machinery, meat processing machinery and others.

• By Application Analysis

Based on the applications, the food processing system market is subdivided into food processing plants, restaurants  and others.

DRIVING FACTORS

"Increasing Awareness About Heath Benefits of Marine Products to Boost the Market Share"

Over the projected period, meat, poultry, and marine items are anticipated to increase at the fastest rate. The demand for meat, poultry, and seafood goods has been sparked by changes in consumer behaviour, a rise in interest in nutrient-dense foods, and increased knowledge of the health advantages of marine products. In addition, it is anticipated that over the next few years, there will be opportunities for product producers due to the growing need for machinery that can perform numerous tasks, such as cleaning, skinning, and weighing, with just one piece of equipment. The demand-supply imbalance had been conveniently addressed by farmed fish solutions for the marine industry. The food processing system did, however, observe a price increase for both fresh and processed fish. Positive market economic conditions and potential customers are a few of the key elements that guarantee the food processing system market share will grow significantly throughout the predicted period.

"The Rising Population and Urbanization to Enhance the Market Share"

By 2050, the world's population is projected to grow to 9 billion people, which would result in a rise in food demand. This market is expanding as a result of the rising middle class and the number of people living in metropolitan regions. As customers look for methods to save time and money in their hectic lives, the demand for convenience meals is also fueling the expansion of this market. It is anticipated that increased urbanisation, rising disposable income, and population growth will boost product demand in Middle Eastern nations.

Due to expanding foreign direct investments, rising disposable income, and shifting consumer preferences, the food and beverage market in developing countries, such as Asia Pacific, is predicted to dominate in the upcoming years. Additionally, it is projected that rising consumer demand for leisure food in China, India, Indonesia, Malaysia, Japan, and other nations will spur industry expansion and, in turn, increase consumer demand for the product over the ensuing years.

RESTRAINING FACTORS

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"The Government Regulations to Restrain the Market Growth"

Government regulation, such as the Food Safety Modernization Act (FSMA), is the main restraint, and it is anticipated that it will slow the expansion of the global food processing market. Additionally, rising labour and energy costs will have an impact on the growth of the global food processing market. 

Food Processing System Market REGIONAL INSIGHTS

"Asia Pacific to Lead the Market With the Product Innovations and Rise in Population"

With a 37.21% revenue share in 2020, Asia Pacific is projected to expand at the quickest rate over the projection period. Due to the sizeable number of participants on the Chinese market, the Chinese players' success depends on product innovation and strategic alliances. The introduction of cutting-edge technology, new product advancements, and good chances for the food industry have fueled the market's expansion in recent years. The rise of the food business and, by extension, the market for processing equipment, has been aided by macroeconomic variables including GDP growth and stable economic conditions.

KEY INDUSTRY PLAYERS

The report analyzes different market players in the industry. The information is published after proper research, analysis of trends, key developments, the introduction of new initiatives, and technological developments and innovations. Other aspects of the report include a study on the companies, regions, automation, technological developments, and the impact of newly emerging industries along with their risks. The facts in the report may be subject to change, given the situation of market players from time to time.

List of Market Players Profiled

• Buhler (U.S.A)
• Krones AG (U.S.A)
• AFE Group Ltd. (U.K)
• Atlas Pacific Engineering Company Inc. (U.S.A)
• B.K Engineers (India)
• National Refractories (India)
• Heat and Control, Inc. (India)
• Meyer Industries (Thailand)
• ZIEMANN HOLVRIEKA (Germany)
• Tomra Systems (Norway).

REPORT COVERAGE

The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.