Food Processing Market Size

Global Food Processing Market Overview

Food Processing Market Size was valued at USD 134.21 Billion in 2021. The Food Processing market industry is projected to grow from USD 163.79 Billion in 2024 to USD 400.43 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.82% during the forecast period (2024 - 2030). The growing middle classes in developing nations around the world are the key market drivers enhancing market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Food Processing Market Trends

• The growing middle classes in developing nations to boost market growth

food processing market growth is primarily being driven by the growing middle classes in developing nations around the world are increasingly becoming conscious about the sanitary conditions that the foods that they eat are processed. They also want to eat more processed foods. The same is occurring on a much larger scale in the developed world. The  masses want to eat foods that are processed in safe and sanitary conditions, especially in the post-pandemic world. Companies in the  food processing market are responding by buying and developing technologically advanced and sanitary food processing equipment at their processing facilities. Many people around the world are leading much busier lives than their parents did. Also, both the husband and wife work in most families around the world. This leaves much less time for cooking. Women may not want to cook but both they and their families still need to eat. Hence, demand for convenience meals is on the rise. This is a major factor that’s driving growth in the  food processing market.

Many companies in the  food processing industry are seeing that there’s real money to be made in this market. That’s why they’re investing heavily in newer and technologically advanced equipment which can process food in healthier and more hygienic conditions. The result is a more nutritious food that’s safer to eat. Therefore, such factors related to hair products have enhanced the Food Processing market CAGR across the globe in recent years.

Food Processing Market Segment Insights

Food Processing Type Insights

The  Food Processing market segmentation, based on type, includes Cleaning, Sorting, & Grading Equipment, Cutting, Peeling & Grinding Equipment, Mixers & Blenders, Extrusion Equipment, Thermal Equipment, Homogenizers, and Other Equipment. The Extrusion Equipment segment held the majority share in 2021 of the  Food Processing market revenue. There is growing demand throughout the food and drink industry for this type of equipment because it’s capable of producing nutritious and safe food and drinks that the world will pay a premium for. Extrusion equipment plays a vital role in food processing because it ensures that each item of food is uniform both in terms of shape and size. This is crucial when making dry cereals and refined bread.

Food Processing Category Insights

The  Food Processing market segmentation, based on category, includes Semi-Automated and Fully Automated. The Fully Automated segment held the majority share in 2021 of the  Food Processing market revenue. The reason is that more and more food processing companies are investing in more sophisticated and technologically advanced food processing equipment. Food processing equipment replaces human labor. Thus, it processes more food in less time. Companies save in terms of labor costs.

Food Processing Application Insights

Based on application, the  Food Processing market segmentation includes Bakery & Confectionery, Dairy Products, Meat, Poultry, & Seafood Products, Fruit & Vegetable, Beverages, and others. The bakery and confectionery market is dominated by a large number of companies of all sizes. Thus, there are no dominant companies. Also, more and more people around the world want to eat healthier and fresher baked goods and sweets. These companies are therefore gravitating towards processing these foods on sophisticated and technologically advanced equipment. These all factors for Food Processing positively impact market growth.

Figure 2:  Food Processing Market, by Category, 2021 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Food Processing Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is expected to register the highest food processing market growth. The reason is that most countries in this region are enjoying high economic growth rates. Their expanding economies translate into a rapidly expanding middle class that also happens to be well-educated. These middle classes are much more health-conscious than their parents and want to eat processed foods that are healthier and more nutritious. Hence, Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2022–2030.

Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil

Figure 3:  FOOD PROCESSING MARKET SHARE BY REGION 2021 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s Food Processing market accounts for the second-largest market share. The region has a large and diverse population, along with a strong economy, which has led to an increase in demand for food products. The food processing industry in Europe is well-developed and includes a wide range of products such as meat, dairy, fruits and vegetables, and baked goods. The region is also known for its high-quality food products, which are exported to other parts of the world. The growing health consciousness among consumers and the increasing demand for convenience and ready-to-eat food products are driving the growth of the food processing market in Europe. Additionally, the region is witnessing a shift towards organic and natural food products, which is further contributing to the growth of the market. Further, the Germany Food Processing market held the largest market share, and the UK Food Processing market was the fastest-growing market in the European region.

North America, Food Processing market, is the largest market. The region has a strong economy and a large population, which drives demand for food products. The region's food processing industry is well-developed, with a large number of companies operating in the market. North America is home to some of the world's largest food processing companies. The region's food processing industry is diverse and includes a wide range of products such as meat, dairy, fruits and vegetables, and baked goods. The region's food processing market is also characterized by a high degree of automation and the use of advanced technology, which helps to improve efficiency and lower costs. Additionally, The increasing demand for convenience and ready-to-eat food products is driving the growth of the food processing market in North America. Moreover, the U.S. Food Processing market held the largest market share, and the Canada Food Processing market was the fastest-growing market in the North American region.

Food Processing Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Food Processing market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Food Processing industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Food Processing. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their  presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Food Processing industry must offer affordable products.

Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the  Food Processing industry to benefit customers and expand the market sector. The Food Processing market has recently given medicine some of the most important advantages. Major food processing market players, including Marel, GEA Group AG, The Bühler, Holding AG, JBT Corporation, Alfa Laval AB, TNA Solution, Pty Ltd, Bucher, Industries AG, Clextral S.A.S, SPX Flow, Bigtem Makine A.S., FENCO Food Machinery s.r.l., Krones AG, Paul Mueller Company, and others, are attempting to increase market demand by funding R&D initiatives.

Marel is a multinational company that provides advanced equipment, systems, and services to the fish, meat, and poultry industries. Marel offers a wide range of equipment and systems for various stages of food processing, including slaughtering, deboning, filleting, portioning, and packaging. The company's products are designed to improve efficiency and productivity, while also ensuring food safety and quality. Marel operates in more than 30 countries and has a  network of sales and service offices, as well as production sites in Europe, North America, and Asia. The company is known for its innovative solutions and continuous development of new products and services to meet the changing needs of the food industry.

GEA Group AG is a German multinational engineering and technology company that provides equipment, systems, and services for the food, beverage, and pharmaceutical industries. The company was founded in 1881 and is headquartered in Düsseldorf, Germany. GEA offers a wide range of equipment and systems for various stages of food processing, including drying, evaporation, separation, mixing, freezing, and packaging. The company's products are designed to improve efficiency, reduce costs and ensure food safety and quality. GEA operates in more than 80 countries and has a  network of sales and service offices, as well as production sites in Europe, North America and Asia. The company is known for its innovative solutions and continuous development of new products and services to meet the changing needs of the food industry. GEA is one of the largest suppliers of process technology for the food industry and a wide range of other industries.

Key Companies in the Food Processing market includes

• Marel


• GEA Group AG


• The Bühler Holding AG


• JBT Corporation


• Alfa Laval AB


• TNA Solution Pty Ltd


• Bucher Industries AG


• Clextral S.A.S


• SPX Flow


• Bigtem Makine A.S.


• FENCO Food Machinery s.r.l.


• Krones AG


• Paul Mueller Company among others

Food Processing Industry Developments

September 2021: GEA Group AG  has launched a solution called Batch2Flow. The novel solution is developed to enhance the security of the food production process, curtail the consumption of cleaning chemicals, and reduce the usage of water and power consumption to provide economic benefits to the customers.

Food Processing Market Segmentation

Food Processing Type Outlook

• Cleaning, Sorting, & Grading Equipment


• Cutting, Peeling & Grinding Equipment


• Mixers, Blenders and Homogenizers


• Extrusion & Thermal Equipment


• Other Equipment

Food Processing Category Outlook

• Semi-Automated


• Fully Automated

Food Processing Application Outlook

• Bakery, Confectionery and Dairy Products


• Meat, Poultry, & Seafood Products


• Fruit, Vegetable and Beverages


• Others

Food Processing Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America