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Food Processing and Handling Equipment Market Size, Industry Analysis Report By Type (Processing Equipment, Pre-processing Equipment), By Application (Bakery & Confectionaries, Meat, Poultry, & Seafood, Beverage, Dairy, Fruit, Nut, & Vegetable, Grains), By End Use (Home, Restaurants, Cafe) & Region – Forecasts

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 255
  • CATEGORY
  • Machinery & Heavy Industry
Global Food Processing and Handling Equipment Market: Overview
The Global Food Processing and Handling Equipment Market is valued at around USD 6.71 billion in 2022 and is expected to reach USD 8.98 Billion by the year 2030 registering a CAGR of 4.2% over the forecast period. Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex industrial methods used to make convenience foods.

Global Food Processing and Handling Equipment Market - Growth Factors
The growth in the consumption of the processed food is the major factor that is driving the growth of the market during the forecast period. Owing to the hectic schedule of the people due to their work commitments a majority of the people are opting to the processed form of food and this is driving the growth of the market during the forecast period. The higher time that demands in the preparing of fresh food in hotels and cafes is also a factor that has been driving the growth of the market during the forecast period. Also, the rising demand in the hotel industry to produce the order in lesser time frame is also a factor that is impacting the adoption of processed food in the market during the forecast period.

Global Food Processing and Handling Equipment Market – Market Trends
• The increasing in the online food delivery companies around the globe is also the factor that is leading to the growth of the market. These food delivery companies state to deliver the food in minimum time from the time of order and thus demand quicker order processing from the side of the restaurants and this factor is estimated to boost the growth of the company during the forecast period.
• The increasing consciousness among the public towards the declination of the processed food is estimated to hamper the growth of the market during the forecast period. People are understanding the harmful effects associated with the consumption of the processed and thus are opting for home-made food and this factor is slowing down the growth of the market.
• Population expansion, coupled with the rising per capita disposable income, is expected to result in an increased demand for meat and poultry and greater consumption of processed products. This factor is also driving the growth of the market during the forecast period.

Global Food Processing and Handling Equipment Market – Segmentation
The Global Food Processing and Handling Equipment Market has been sub-classified into product type, application and end-use.

By Type
• Processing Equipment
• Pre-processing Equipment

By Application
• Bakery & Confectionaries
• Meat, Poultry, & Seafood
• Beverage
• Dairy
• Fruit, Nut, & Vegetable
• Grains
• Others

By End Use
• Home
• Restaurants
• Cafe

Global Food Processing and Handling Equipment Market – Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.

Global Food Processing and Handling Equipment Market – Key Market players
BAADER Group; GEA Group Aktiengesellschaft; Bühler AG; Marel; Tetra Laval International S.A.; Alfa Laval; Krones AG; The Middleby Corporation; JBT Corporation; SPX Flow Inc.; LEHUI are the major companies that are driving the growth of the market during the forecast period.

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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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