Meat and Poultry Products to Account for 23.54% of Global Food Processing and Food Material Handling Equipment Market Share

 

Due to the dual-income families that are influencing the speedy urban lifestyle, convenience meals are expected to rise at a rapid rate in the near future. According to Food Drink Europe, a food industry association in the European Union, Europe has the highest rate of consumption of processed and ready meals, spending roughly 6.7 billion in 2017. It is followed by North America, Asia Pacific, Latin America, and the Middle East and Africa in that order. As a result, demand for convenience foods is expected to increase in developing countries as well. This is projected to fuel the expansion of the food processing and handling equipment market. 

Data Bridge Market Research analyses that the Food Processing and Food Material Handling Equipment Market is expected to grow at a CAGR of 6.9% in the forecast period of 2021 to 2028 and is expected to reach USD 255,199,279.11 thousand by 2028. Major drivers projected to fuel market expansion include technological improvements in food processing equipment, design and development of innovative processing technology, rising consumption of processed foods, and the requirement for processing and handling food equipment.  

Key Findings of the Study

  • The food processing and food material handling equipment market is anticipated to reach a value of USD 255,199,279.11 thousand by 2028, with a CAGR of around 6.9% during the forecast period from 2021 to 2028.
  • Asia-Pacific dominated the food processing and food material handling equipment market in 2021 because of increasing level of disposable income in the region.
  • North America is expected to register lucrative growth over the forecast period of 2021 to 2028 due to the expansion of food and beverage industry and shifting consumer preference for frozen food products in the region.
  • The direct sales segment accounted for the largest share in 2021 at 78.10% due to proper personalized delivery at homes.
  • The food processing and food material handling equipment market was adversely affected by COVID-19 outbreak. The supply chain has been disrupted as a result of lockdowns and business closures.  

Integration of robotics and automated technologies along with a focus on production and operational efficiency is expected to drive the market's growth rate during the forecast period

In the food processing industry, robotic automation maintains uniform quality, reduces picking and handling times, and increases output by speeding up processes. These low-maintenance, adaptable, and customizable robotic pick-and-place systems are especially beneficial in food manufacturing and packaging applications. 5- and 6-axis articulating-arm robots, delta-style high-speed robots, and 4-axis SCARA (Selective Compliance Articulated Robot Arm) robots can be used for food pick-and-place, sorting, and inter-plant routing for product handling. Pick-and-place robots with great accuracy and repeatability, such as the FANUC M Series delta-style robot or the FANUC SR Series SCARA robots, are perfect for picking food items and placing them into packaging.

Segment Analysis:

The food processing and food material handling equipment market is segmented on the basis of equipment type, application and form.

  • On the basis of equipment type, the global food processing and food material handling equipment market is segmented into food processing equipment and food packaging equipment. In 2021, food processing equipment segment is expected to dominate the market with 60.67% share because this equipment is able to provide a variety of food products.

In 2021, the food processing equipment segment is projected to hold the largest share of equipment type segment in the food processing and food material handling equipment market

In 2021, the food processing equipment segment is anticipated to hold the largest share of global food processing and food material handling equipment market because this equipment is able to provide a variety of food products. The food processing equipment segment is growing with a CAGR of 7.1% in the forecast period of 2021 to 2028.

  • On the basis of application, the global food processing and food material handling equipment market is segmented into bakery and confectionery products, meat and poultry products, dairy products, alcoholic beverages, non-alcoholic beverages, fish and seafood products, and others. In 2021, meat and poultry products segment is expected to dominate the market with 23.54% market share because they are mainly used in almost all hotels and restaurants.

  • On the basis of form, the global food processing and food material handling equipment market is segmented into solid, liquid, and semi-solid. In 2021, solid segment is expected to dominate the market with 37.24% market share because they are easier to digest as well as swallow.

In 2021, the solid segment of form segment is anticipated to dominate the food processing and food material handling equipment market

In 2021, the solid segment of this market will dominate the food processing and food material handling equipment market because they are easier to digest as well as swallow. The solid segment is expected reach the highest CAGR of 7.4% in the forecast period of 2021-2028.    

Major Players

Data Bridge Market Research recognizes the following companies as the major food processing and food material handling equipment market players in food processing and food material handling equipment market are ALFA LAVAL (Sweden), JBT (US), Marel (Iceland), GEA Group Aktiengesellschaft (Germany), SPX FLOW (US), TNA Australia Pty Limited (Australia).

Market Development

  • In September 2021, TNA Australia Pty Limited had announced the launch of a product called 'tna robag 3e.' This device features a new CXE integrated display controller, smart diagnostic tools, and simple time-saving components, as well as the ability to deliver up to 250 bags per minute (bpm) while reducing waste. This new product aids in attracting new customers and increasing product income.
  • In November 2020, SPX FLOW has announced the availability of new metal and X-ray detectable seats for food and beverage, essential dairy, and personal care applications. The company's brand awareness has increased around the world as a result of this news.
  • In May 2021, Duravant had announced the completion of its acquisition of Foodmate. This alliance brings together two global engineered equipment leaders, enhancing Duravant's capabilities to serve clients and partners in the food processing sector in over 190 countries across the world. For almost 15 years, the Foodmate brand of chicken processing machinery has been a strong competitor in full-line poultry processing.

Regional Analysis

Geographically, the countries covered in the food processing and food material handling equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in food processing and food material handling equipment market during the forecast period 2021 - 2028

Asia-Pacific will continue to dominate the food processing and food material handling equipment market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period because of the increasing level of disposable income. One of the fastest-growing markets for food processing and food material handling equipment market is Asia-Pacific. Increased demand for processed food items in emerging and developing countries such as India, China, Indonesia, and Thailand is driving the industry. China has the largest market for food processing and food material handling equipment in the Asia Pacific area.

North America is estimated to be the fastest growing region in food processing and food material handling equipment market the forecast period 2021 - 2028

North America is expected to grow during the forecast period owing to the surging demand for food processing and handling equipment in this region. This is due to the expansion of food and beverage industry and shifting consumer preference for frozen food products. The increased demand for high-quality meat in the United States is driving up demand for food processing equipment.

COVID-19 Impact Analysis

With approximately 18 million cases of infection worldwide, the ongoing global outbreak of COVID-19, a serious life-threatening infectious respiratory disease caused by a severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), had a significant effect on patient life. Consumer goods and food and beverage firms are dealing with lower consumption and disrupted supply networks. While at-home consumption has risen, out-of-home consumption, which has historically generated the largest margins, has practically stalled. Customer behaviour and demand may alter over time. Consumer preferences for beverages with functional benefits and safety have shifted dramatically, with a stronger preference for beverages with functional benefits and security. In addition, a shortage of semiconductors has hampered the production and sale of a wide range of equipment, including food processing and handling equipment.

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