The Food Processing and Handling Equipment Market is projected to grow from USD 130.6 billion in 2021 to USD 175.1 billion by 2026, recording a compound annual growth rate (CAGR) of 6.0% during the forecast period. The demand for food processing & handling equipment is increasing with the growth of the food industry, owing to the increasing consumption of foods, such as meat products, bakery & confectionery products, prepared food, and convenience food. New technologies such as non-thermal processing are also being developed to support the manufacturing process by reducing production time, ingredient & food waste, and the overall cost. Advancements in the food processing industry, innovation in processing technology, and continuous growth in the demand for processed food are some factors expected to support the growth of the food & food processing and handling equipment market. With the growing preference for healthy food and functional foods, manufacturers are expected to adopt new equipment to fulfill the demand for healthy functional foods & beverages. The expansion of food manufacturing capacities and growth of the food processing industry in emerging economies will also support the growth of the food processing & handling equipment market.
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Key Features of the Food Processing and Handling Equipment Market:
1. High Efficiency and Productivity: Food processing and handling equipment are designed to maximize efficiency, speed up processing times, and increase overall productivity.
2. Automation and Control Systems: Advanced automation and control systems ensure accurate and consistent operation of food processing and handling equipment.
3. Food Safety Compliance: Many food processing and handling equipment are designed to comply with food safety regulations and standards, such as HACCP and GMP.
4. Durable and Reliable Design: Food processing and handling equipment is built to withstand the harsh and demanding environments of food production facilities.
5. Customizable and Scalable: Food processing and handling equipment can be customized to meet specific needs and can be easily scaled up or down to accommodate changing production requirements.
6. Easy Maintenance and Cleaning: Food processing and handling equipment is designed for easy maintenance and cleaning to ensure long-term performance and prevent contamination.
7. Energy Efficient: Many food processing and handling equipment are designed with energy-saving features to reduce operational costs and minimize environmental impact.
8. Integration with Other Equipment: Food processing and handling equipment can be easily integrated with other equipment and systems, such as conveyors and packaging equipment, to streamline the production process.
Food Processing and Handling Equipment Market Drivers:
1. Increased demand for processed and packaged food: The rise in demand for processed and packaged food has led to an increase in the demand for food processing and handling equipment. Consumers are demanding healthier, convenient, and longer-lasting food products, which are driving the growth of this market.
2. Technological advancements: The advent of new technologies in the food processing industry has resulted in the development of advanced and more efficient food processing and handling equipment. This includes automation, artificial intelligence, and machine learning, which are expected to drive the growth of the market.
3. Growing demand for automation in the food industry: Automation in the food processing industry has led to the development of more efficient and cost-effective equipment, reducing the labor costs involved in food processing and handling. The growing demand for automation is expected to drive the growth of the market.
4. Growing population and urbanization: The growing population and urbanization have led to an increase in demand for processed and packaged food, as consumers are becoming more and more busy with their lifestyles. This has resulted in the growth of the food processing and handling equipment market.
5. Increase in demand for meat-based products: The increasing demand for meat-based products, such as poultry and beef, has led to the growth of the food processing and handling equipment market. This is because the equipment used in the processing and handling of meat-based products is different from that used in the processing of other food products.
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List of companies leading the market:
The key players in this market include GEA Group (Germany), ALFA LAVAL (Sweden), Bühler Holding AG (Switzerland), JBT Corporation (US), SPX Flow (US), Robert Bosch (Germany), IMA Group (Italy), Multivac (Germany), Krones Group (Germany), Tetra Laval International S.A. (Switzerland), Middleby Corporation (US), Dover Corporation (US), Ali Group S.r.l (Italy), Electrolux (Sweden), and Hoshizaki (Japan). Manufacturers are adopting strategies such as new product launches, expansion & investments, mergers & acquisitions, agreements, and partnerships to strengthen their position in the market.
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