As per the latest report by IMARC Group, titled “Food and Beverages Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on food and beverages processing equipment market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global food and beverages processing equipment market size reached US$ 54.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 75.6 Billion by 2027, exhibiting a growth rate (CAGR) of 5.37% during 2022-2027.
Food and beverages processing equipment are used to transform raw ingredients into consumable food products through various chemical and physical means. They comprise different measuring devices, such as timers, thermometers, weighing devices and pressure gauges, to monitor the processing, packaging and labeling of food products. They are widely utilized in the production of dairy, bakery, poultry, seafood and confectionery products. Apart from this, they are also used to automate processes such as heating, blanching, cooking and pasteurization.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The emergence of green technologies has encouraged various manufacturers to replace their old equipment with energy-efficient variants which assist in reducing the carbon footprint and overall production cost. Moreover, the manufacturers are investing in research and development activities and introducing advanced technologies to expand their consumer base. For instance, they are including machine learning and Industrial Internet of Things (IIoT) along with offering flexible and customizable equipment. Further, on account of strong economic growth, rapid urbanization and improving standards of living, the demand for food products is increasing worldwide. Some of the other growth inducing factors include changing dietary patterns, growing number of quick-service restaurants (QSRs), and emerging demand for healthy, nutritious and ready-to-eat food products.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- GEA Group
- JBT Corporation
- Alfa Laval
- TNA Australia Solutions
- Bucher Industries
- Equipamientos Cárnicos
- L. (Mainca)
- SPX Flow
- Bigtem Makine
- Fenco Food Machinery
- Krones Group
Food and Beverages Processing Equipment Market Segmentation:
Our report has categorized the market based on region, type, end product form and mode of operation.
Market Breakup by Type:
Market Breakup by End Product Form:
Market Breakup by Mode of Operation:
Market Breakup by Application:
- Bakery and Confectionery
- Meat and Poultry
- Dairy Products
- Fish and Seafood
- Alcoholic Beverages
- Non-Alcoholic Beverages
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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