Food Processor Market Size was valued at USD 1.9 Billion in 2023. The Food Processor industry is projected to grow from USD 2.00 Billion in 2024 to USD 2.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.71% during the forecast period (2024 - 2032). Increased demand for processed foods, growth in food processing machinery R&D, and innovation in food processing technology, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
increasing demand for meat and poultry as well as increasing consumption of processed goods are anticipated as a result of population growth and rising per capita disposable income, which will enhance market growth over the forecast period. Due to their multiple favourable qualities, including quality control, durability, hygiene, and preservation, these systems are widely used in a variety of industries, including bakery and confectionery, seafood, meat, and poultry, dairy, and grains. The product is being used more frequently in end-use sectors, where growing domestic production and consumer income levels are fueling innovation in this industry.
A practical remedy for the demand-supply imbalance had been offered by farmed fish for the marine industry. However, the industry has seen fresh and processed fish prices rise. Some of the key elements that guarantee the market's significant expansion throughout the forecast period are its favourable economic situation and its prospective client base. Despite a significant percent decline in the number of starving individuals worldwide, the situation of those who are undernourished is remains grave. Population growth, dietary changes, and increased purchasing power all have an impact on market expansion, which puts pressure on the business to meet the world's always rising demand. Increased pollution control efforts and decreased food losses are required to increase food security. These solutions are simply accomplished using both basic and cutting-edge processing machinery. Over the course of the projected period, this is then anticipated to present chances for equipment producers.
The process of transforming food into a usable form is known as food processing. It might involve different physical and chemical processes that transform raw resources into meals. Food processing aims to extend food products' shelf lives, prevent food contamination, store and transport food, turn raw food ingredients into appealing, marketable goods, and provide jobs for a large number of people. Peeling the outer layers of the raw materials, fermentation, and pasteurisation are a few methods used for proper food processing. Pickling, drying, cooling, freezing, and heating are further methods of food preparation. Food processing has several benefits, including as lowering the amount of disease-causing germs in food, extending the shelf life of food goods, and reducing health disparities and major health issues. One of the largest industries in India, the food processing sector accounts for 32% of the nation's total food market and is rated fifth in terms of production, consumption, export, and projected growth, according to the website of the India Brand Equity Foundation. Because of this, the market for food processors is expected to develop over the coming years due to the increasing importance of food processing. Thus, driving the food processor industry revenue.
The Food Processor market segmentation, based on Type, includes Depositors, Extruding Machines, Mixers, Refrigeration, Slicers & Dicers, and Others. Refrigeration segment accounted for the largest revenue share in 2022. The expansion can be due to the rising demand for refrigerators, which are used to keep various foods fresher for longer.
Figure 1: Food Processor Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Food Processor market segmentation, based on Application, includes Beverages, Dairy, Meat & Poultry, Bakery, Convenience Food & Snacks, Fruits & Vegetables, Confectionery, and Others. Beverages segment dominated the Food Processor in 2022. The increase in bread product consumption worldwide and changes in people's eating habits are both responsible for the expansion.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia Pacific Food Processor market dominated this market in 2022 (45.80%). Due to the sizeable number of participants on the Chinese market, the Chinese players' success depends on product innovation and strategic alliances. The introduction of cutting-edge technologies, new product advancements, and favourable chances for the food industry have fueled the market's expansion in recent years. Moreover, China’s market of food processor held the largest market share, and the Indian food processor industry was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FOOD PROCESSOR MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America Food Processor Market is expected to register significant growth from 2023 to 2032. With around 80% of its citizens residing in urban regions, the United States is one of the most urbanised nations. Food preferences have changed as a result, favouring the expansion of the food processing sector. Being a mature market, the demand for the product is anticipated to expand slowly throughout the forecast period. Further, the U.S. Food Processor held the largest market share, and the Canada market of food processor was the fastest growing market in the North America region.
Europe Food Processor market accounted for the healthy market share in 2022. The industry makes up the majority of Europe's economy because nations like Germany, Italy, and the U.K. are crucial to its development. Over the future years, it is anticipated that a robust and widespread network, rising demand for these systems in these locations, and increased supply will present opportunities for product producers. Further, the German food processor industry held the largest market share, and the U.K food processor industry was the fastest growing market in the European region
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Food Processor market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Food Processor industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Food Processor industry to benefit clients and increase the market sector. In recent years, the Food Processor industry has offered some of the most significant advantages to medicine. Major players in the Food Processor market, including Buhler, Krones AG, AFE Group Ltd., Atlas Pacific Engineering Company Inc., B.K Engineers, National Refractories, Heat and Control, Inc., Meyer Industries, ZIEMANN HOLVRIEKA, and Tomra Systems, are attempting to increase market demand by investing in research and development operations.
Alfa Laval AB (Alfa Laval) is a supplier of specialised goods and services for fluid handling, heat transfer, and separation. Centrifuges, pumps, valves, heat exchangers, thermal fluid systems, boilers, decanters, burners, evaporation systems, high speed separators, and tank equipment are among the company's product offerings. Products from the corporation improve procedures like heating, chilling, separating, and transporting goods like food, beverages, water, chemicals, and oil. It serves the energy, paper and pulp, steel, chemicals, food, dairy, and beverage industries, as well as those in the mining, water and waste treatment, automotive, aerospace, marine, HVAC, equipment, personal care, and pharmaceutical industries. The business runs manufacturing facilities in Brazil, Sweden, Norway, Denmark, Russia, India, China, Korea, Japan, the United Kingdom, the United States, France, Italy, and Poland. The headquarters of Alfa Laval are in Lund, Sweden. Alfa Laval and Bühler signed a contract in March 2019 to work together to create solutions that would improve its product line.
A subsidiary of Halozyme Therapeutics Inc., Antares Pharma Inc. (Antares Pharma) is a specialty pharmaceutical business that develops, produces, and markets pharmaceutical goods and technologies. The company's medication line includes several cutting-edge therapeutics for conditions like polyarticular juvenile idiopathic arthritis, severe rheumatoid arthritis, severe recalcitrant psoriasis, migraine, and cluster headache. Additionally, it creates goods to lower pregnant women's danger of having premature babies. It caters to both generic and branded injectables with its subcutaneous injection technology platforms. The injectables from Antares Pharma are offered in unit dose containers and disposable multi-dose pen injectors. To improve therapeutic compounds and drug delivery strategies, the business uses drug delivery systems. Additionally, it emphasises product development initiatives run in collaboration with other pharmaceutical firms, such as Teva Pharmaceutical Industries Ltd., Ferring Pharmaceuticals, and AMAG. The US and Switzerland are both home to the corporation. The US city of Mercer, New Jersey, serves as the headquarters of Antares Pharma. Antares and IMA entered into a five-year deal in June 2020, making Antares the only supplier of all inspection and tracking technologies used by IMA.
Key Companies in the Food Processor market include
Food Processor Industry Developments
February 2020: SPX FLOW and Primodan signed a contract for the transfer of their technologies and business operations related to yellow cheese.
April 2021: To strengthen its position in the international market, the Middleby Corporation made the decision to finalise the acquisition of Welbilt, Inc.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 1.9 Billion |
| Market Size 2024 | USD 2.00 Billion |
| Market Size 2032 | USD 2.9 Billion |
| Compound Annual Growth Rate (CAGR) | 4.71% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Buhler, Krones AG, AFE Group Ltd., Atlas Pacific Engineering Company Inc., B.K Engineers, National Refractories, Heat and Control, Inc., Meyer Industries, ZIEMANN HOLVRIEKA, and Tomra Systems |
| Key Market Opportunities | ·        Incorporation of IoT and AI in food processing machinery |
| Key Market Dynamics | ·        Innovation in food processing technology, upsurge in the demand for processed food, and rising research & development in food processing machinery |
Food Processor Market Highlights:
Frequently Asked Questions (FAQ) :
The Food Processor market size was valued at USD 1.9 Billion in 2023.
The market is projected to grow at a CAGR of 4.71% during the forecast period, 2024-2032.
Asia Pacific had the largest share in the market
The key players in the market are Buhler, Krones AG, AFE Group Ltd., Atlas Pacific Engineering Company Inc., B.K Engineers, National Refractories, Heat and Control, Inc., Meyer Industries, ZIEMANN HOLVRIEKA, and Tomra Systems.
The Refrigeration Additives Type dominated the market in 2023.
The Beverages Application had the largest share in the market.
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Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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