ID: MRFR/F-B & N/7116-HCR | February 2021 | Region: Global | 90 pages
Food Processing Market size is projected to reach approximately USD 122.8 Billion by 2025 at a CAGR of 7.20% between 2019 and 2025. The growth of the market can be attributed to the increasing demand for processed foods across the globe. The focus on food safety and institution of food quality regulations in various countries is leading food & beverage manufacturers to invest in high-quality processing equipment at their food processing units. The rising demand for convenience foods, especially among the increasing working population with hectic schedules, is contributing to the growth of the global food processing market. The global convenience food market was valued at approximately USD 245 Billion in 2018. The demand for processed food has resulted in the entry of a number of new entrants in the food processing business. Food processors are also starting to manufacture equipment, which is further boosting the growth of the market.
The Global Food Processing Market is growing with the increasing demand for processed and convenience foods. Consumer preference for convenience food such as ready-to-eat (RTE), ready-to-cook (RTC), and frozen food is boosting the food processing market growth. RTE food sales in 2017 valued around USD 93 Billion. Moreover, the increasing demand for functional food and beverages is influencing food processors to invest in new equipment for the integration of health beneficial ingredients. To cater to the growing consumer demand, food processors are also investing in the expansion of their food processing plants and technologically advanced equipment. For instance, Mead Johnson, a global maker of infant formula, plans to invest USD 68 Million in a new facility and purchase equipment at its Zeeland campus in the Netherlands. A focus on R&D and technological advancements by food processing equipment manufacturers is also fueling the food processing market growth.
Growing demand for processed food
By Equipment Type
|Market Size||USD 122.8 Billion (2027)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Equipment Type, Category, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Marel (Iceland), GEA Group AG (Germany), The Bühler, Holding AG (Switzerland), JBT Corporation (US), Alfa Laval AB (Sweden), TNA Solution, Pty Ltd (Australia), Bucher, Industries AG (Switzerland), quipamientos Cárnicos, S.L. (Spain), Clextral S.A.S (France), SPX Flow (US), Bigtem Makine A.S. (Turkey), FENCO Food Machinery s.r.l. (Italy), Krones AG (Germany), Paul Mueller Company (US), Anko Food Machine Co. Ltd. (Taiwan)|
|Key Market Opportunities||Growing demand for processed food|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Food Processing Market is projected to grow at a 7.2% CAGR between 2019-2025.
The APAC region is expected to lead the Food Processing Market.
Food Processing Market is predicted to touch USD 99.70 million by 2025.
Bakery and confectionery will dominate the Food Processing Market.
Fully automated segment will lead the Food Processing Market.