Global food processing and handling equipment market projected to grow in value from US$112.45B in 2023 to US$163.23B by 2030, driven by increasing awareness towards healthy food, according to report from Fortune Business Insights

June 29, 2023 (press release) –

The global food processing and handling equipment market size was valued at USD 106.89 billion in 2022. The market is projected to grow from USD 112.45 billion in 2023 to USD 163.23 billion by 2030, exhibiting a CAGR of 5.5% during the forecast period. Fortune Business Insights presents this information in its report titled, “Food Processing and Handling Equipment Market Size, Share & COVID-19 Impact Analysis, By Equipment (Processing Equipment, Packaging Equipment, and Service Equipment), By Application (Bakery and Confectionery Products, Meat and Poultry Products, Dairy Products, Beverages, and Others), and Regional Forecast, 2023-2030”.

During the forecast period, the demand for high-end automation and robotics technology in manufacturing facilities and remote maintenance is anticipated to grow. Increasing demand for processed food and ready-to-eat food to propel market growth.

Lan Handling Technologies Launched a Developed Tool to Foster Market Growth

Lan Handling Technologies, a distinguished automated product management solutions producer, has released a simulation device for moist puppy meal manufacturing. This newly advanced answer will help producers with the enhancement of ability problems and the improvement of processing layouts.

Rising Awareness for Food Safety Management Concerns Hampered Market Growth During Pandemic

The sudden uncertain breakout of the COVID-19 virus affected manufacturing units and the food industry, resulting in a decline in global trade. The COVID-19 pandemic hindered market growth due to the shutdown of manufacturing units and fewer laborers. The food industry needs to pay attention to personal hygiene rules and offer training to food industry workers. These factors affected the food processing and handling equipment market growth.

Growing Demand for Hygienic Convenience Food Products to Propel Growth

The demand for convenience food among the urban population is increasing as they adopt a fast-paced urban lifestyle. The growing demand for ready-to-eat food is increasing in the young and urban population hence is anticipated to grow the market during the forecast period.

Leading Players Adopt Acquisition Strategies to Stay Competitive

Due to disruptions created by the COVID-19 pandemic, most market players weren’t ready to risk their businesses and make losses by entering volatile markets. However, as the impacts of COVID-19 began subsiding, companies were seen expanding their businesses across new markets. For instance, Imperial Dade acquired Empire Distributors to operate; major players are adopting 91 new distribution centers across the U.S. Similar strategies as they eye new markets for expansion and business growth.  

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/food-processing-and-handling-equipment-market-101701

Notable Industry Development:

• January 2022: Ska Fabricating, engaged in the design and development of automated packaging line equipment, declared the acquisition of GR-X Manufacturing, which operates as a manufacturer of beverage packaging line solutions. This acquisition is anticipated to strengthen its position in the market.

Further Report Findings:

• Asia Pacific dominates the food processing and handling equipment market share. The growing inclination of people towards the shifting consumer preference toward convenience food & instantly processed food is the key reason to propel the market growth.
• Europe is predicted to show a subsequent cumulative market growth over the forecast period owing to increased investments in expanding production facilities across the region.
• The extensive rise in the urban population across Latin America, especially in Brazil and Mexico, is anticipated to boost market development.  

The Report Lists the Key Players Profiled in the Market Report:

• Buhler Ag (Switzerland)
• JBT (U.S.)
• I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.p.A. (Italy)
• Tetra Pak International S.A. (Tetra Laval) (Switzerland)
• The Middleby Corporation (U.S.)
• Welbilt (U.S.)
• Krones AG (Germany)
• GEA Group Aktiengesellschaft (Germany)
• ALFA LAVAL (Sweden)
• Dover Corporation (U.S.)

Table of Segmentation:

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