The food and beverage processing equipment market has grown significantly over the past few decades driven by the need for high volume production, longer shelf life, and demand for processed and packaged food products. Key equipment used includes processing machines, separation equipment, thermal equipment, packaging equipment, material handling equipment, and food safety and control equipment. Food and beverage processing equipment reduces labor requirements through automation, improves production efficiency, and enhances food safety and quality.

The Global food and beverage processing equipment market is estimated to be valued at US$ 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 are JBT Corporation, B?hler Group, Tetra Pak, GEA Group, Alfa Laval, SPX Flow, Marel, Multivac, Hobart Corporation, Krones AG, Clextral, Schott AG, Sidel Group, Heat and Control, KHS GmbH, Promach, Berry Global, Odenberg Engineering, Fritsch GmbH, and Festo AG & Co. KG.

The key opportunities in the market include Food and Beverage Processing Equipment Market Demand, focus on automation by food manufacturers to enhance productivity and reduce costs, and increasing investments in the food processing industry, especially in developing nations. Advancements in automation technologies such as AI, IoT, robotics are enabling higher throughput, consistency, food safety, and minimum product wastage in food manufacturing.

Market drivers

The key drivers fueling growth of the global food and beverage processing equipment market include rising disposable incomes, rapid urbanization, growing population, and changing dietary habits which are increasing demand for packaged, frozen, and ready-to-eat foods. Demand for food processing equipment is also driven by the need for improved food safety, longer shelf-life of perishable products, and minimum wastage during food production through automated processes and equipment. Strict government norms regarding food hygiene, safety standards and technology adoptions in food production are compelling food manufacturers to invest in advanced processing machinery. Growing demand for organic, healthy and functional foods is another driver as it necessitates suitable processing technologies.

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