Food and Beverage Processing Equipment Market is driven by Increasing Demand for Processed and Packaged Food
The food and beverage processing equipment market comprises machinery and tools used for processing, preparing, packaging and handling products across food and beverage industries. Equipment such as thermal equipment, extruding equipment, mixing equipment, blending equipment, drying equipment, homogenizing equipment and others are widely utilized for operations including pasteurizing, freezing, cooking, mixing, blending and packaging across food categories including meat, poultry and seafood, bakery, dairy, chocolate and confectionery, fruits & vegetables among others.
The global Food and Beverage Processing Equipment Market Demand is growing at an impressive pace due to rising population, urbanization, income levels and changing dietary patterns which has resulted in higher demand for processed, packaged and ready-to-eat food products.
The Global Food and Beverage Processing Equipment Market is estimated to be valued at USD 68.23 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the food and beverage processing equipment market are GEA Group Aktiengesellschaft, Buhler AG, Alfa Laval, John Bean Technologies Corporation, SPX Flow, Inc., Tetra Laval International S.A., Krones AG, Middleby Corporation, Dover Corporation and Heat and Control, Inc.
The demand for food and beverage processing equipment is growing significantly owing to rise in global food processing industry driven by changing consumer lifestyle and food consumption patterns. Growth in fast food chains, quick service restaurants and food delivery industry has further propelled the demand.
Major equipment manufacturers are focusing on expanding their global footprint by either establishing manufacturing units in emerging economies or through acquisitions to gain access to new markets. They are also investing heavily in development of new customized and integrated processing solutions to meet the dynamic requirements of food industry.
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