This Frost & Sullivan analysis assesses the growth opportunities across the food processing and packaging equipment market. The application areas considered include beverages; fruits and vegetables; dairy; meat, fish, and poultry; bakery and confectionary; oils and fats; breakfast cereals, and snacks; and pet food. The equipment scope includes all processing and packaging machinery/equipment used across different end applications. This analysis provides a detailed examination of the value chain and the market activity of key players in the industry.
The global food processing and packaging equipment market generated revenues of $100.35 billion in 2023. The market will grow thanks to a greater focus on sustainability and stringent food safety and quality control standards. The food processing equipment market accounted for 71.2% of the revenue share in 2023. The meat, fish and poultry, dairy, and beverage segments will drive most of the growth in the food processing equipment market. Food processing 4.0 will be one of the key growth drivers for food processing and packaging equipment over the forecast period. The integration of AI, Internet of Things (IoT), smart sensors, digital twins, big data, and robotics will play a part in the food processing 4.0 concept.
Geographically, Asia-Pacific held the largest revenue share of the global food processing and packaging equipment market in 2023. The Asia-Pacific market is driven by evolving customer preferences, such as the demand for smaller portion food sizes.
Author: Smriti Sharma
Revenue Forecast
Revenue Estimate of Base Year: The revenue estimate for the base year 2023 is $100.35 billion.
CAGR for the Study Period: The compound annual growth rate (CAGR) for the study period 2024–2028 is projected at 5.8%.
Scope of analysis
Scope of the study is global and covers the following regions: the Americas, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW— the Middle East and Africa).
- The equipment scope includes all processing and packaging machinery/equipment across applications. Processing equipment includes cooking kettles, filters, homogenizers, pasteurizers, mixers/blenders, fruit presses/pulpers/juicers, holding tanks, separators, brine injectors, dough dividers and rounders, and purifiers. Packaging equipment includes aseptic packaging/filling, form-fill-seal (FFS) packaging machines, bottling, and canning.
- The study does not include processing equipment used by commercial food service companies; artisan producers (for example, small bakeries producing on-site, butcher shops); hotel, restaurant, and café/catering (HORECA) (for instance, McDonald’s); and in-store bakeries in large grocery supermarkets.
- The study records manufacturer revenues.
Segmentation
| End Applications | Description |
| Beverages | The beverage sector comprises equipment for processing water, soft drinks, tea, coffee, juices, and alcohol. |
| Fruits and Vegetables | Fruit and vegetable processing equipment comprises machines that process canned, frozen, and preserved fruits and vegetables. |
| Dairy | Dairy processing equipment covers machines for the processing of food products such as milk, cheese, yogurt, butter, cream, fats, whey, buttermilk, ice cream, spreads, and plant-based dairy. |
| Meat, Fish, and Poultry | Meat, fish, and poultry processing equipment includes machines that process meat, poultry, seafood, and plant-based meat, from raw materials to packaging. |
| Bakery and Confectionery | Bakery and confectionery processing equipment consists of equipment for processing bread, biscuits, buns, breadsticks, bagels, and other related products. |
| Grains, Oils, and Fats | Grain, oil, and fat processing equipment comprises machinery to process grains, oils, and fats from animal and plant sources. |
| Breakfast Cereals, Snacks, and Pet Food | Breakfast cereal, snack, and pet food processing equipment consists of machines to process all types of cereals, snacks, pulses, and pet foods. |
Competitive Environment
| Competitive Environment | Details |
| Product Name | Growth Opportunities in the Food Processing and Packaging Equipment Sector, Global, 2024–2028 |
| Number of Competitors | More than 100 competitors |
| Competitive Factors | Productivity, uptime, production flexibility, maintaining equipment safety, automation, efficiency, and sustainability |
| Key End-user Industry Verticals | Beverages; fruits and vegetables; dairy; meat, fish, and poultry; bakery and confectionery; grains, oils, and fats; breakfast cereals, snacks, and pet food |
| Leading Competitors | GEA Group, Buhler Group, Alfa Laval, Tetra Laval, John Bean Technologies, Marel HF, SPX Flow, CTB |
| Revenue Share of Top 8 Competitors (2023) | 21.2% |
| Other Notable Competitors | AGCO, The Middleby Corporation, Heat and Control, Rheon Automatic Machinery, Baader Group, Bucher Industries AG, Fortifi Food Processing Solutions, Hosokawa Micron B.V. |
| Notable Acquisitions and Mergers | Fortifi Food Processing Solutions acquired Bettcher Industries in 2024 |
The Impact of the Top 3 Strategic Imperatives
Disruptive Technologies
Why:
- The adoption of AI, the Internet of Things (IoT), smart sensors, digital twins, Big Data, and robotics is set to revolutionize food processing 4.0 technologies. These advancements will enhance productivity and minimize human error by reducing the need for human intervention.
Frost Perspective:
- Frost & Sullivan predicts that the adoption of innovative technologies will take center stage and shape the future of processing and packaging equipment in the next 3 to 5 years. Companies must adapt and adopt next-generation technologies to maintain a competitive edge.
Competitive Intensity
Why:
- Improved processing and packaging equipment has enabled regional and global companies to expand their footprints, leading to increased competitive intensity in the coming years. Customized output will rise as companies strive to differentiate themselves in a crowded market.
Frost Perspective:
- Processing and packaging companies need to develop multi-functional equipment that can handle varied forms, shapes, and sizes of raw materials and packaging materials to cater to changing customer needs and regulatory requirements.
Transformative Megatrends
Why:
- The adoption of sustainable initiatives in the food processing and packaging equipment industry will enhance raw material handling, production line optimization, waste reduction, and sustainable packaging. This shift is driven by the increasing importance of sustainability in consumer choices and regulatory frameworks.
Frost Perspective:
- Equipment companies need to invest in technology platforms that will drive sustainability across their supply chains and develop solutions that help achieve sustainability across the food and beverage (F&B) processing supply chain. Consumers, regulatory bodies, government agencies, and environmental authorities will play a significant role in the adoption of sustainable approaches.
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Food Processing and Packaging Industry
Scope of Analysis
Segmentation
Segmentation (continued)
Segmentation (continued)
Food Processing and Packaging Equipment Value Chain
Food Processing and Packaging Equipment Value Chain (continued)
Competitive Environment: Food Processing Equipment
Key Competitors: Processing Equipment
Competitive Environment: Food Packaging Equipment
Key Competitors: Packaging Equipment
Company Mapping: Food Processing and Packaging Equipment
Company Mapping: Food Processing and Packaging Equipment (continued)
Company Mapping: Food Processing and Packaging Equipment (continued)
Company Mapping: Food Processing and Packaging Equipment (continued)
Company Mapping—Food Processing and Packaging Equipment (continued)
Key Findings
Growth Metrics
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Forecast Considerations
Revenue Forecast
Revenue Forecast by Equipment
Revenue Forecast by End Application: Food Processing Equipment
Revenue Forecast by End Application: Food Packaging Equipment
Revenue Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Revenue Forecast Analysis by Region
Mergers and Acquisitions
Mergers and Acquisitions (continued)
Mergers and Acquisitions (continued)
Mergers and Acquisitions (continued)
Revenue Share: Food Processing Equipment
Revenue Share Analysis: Food Processing Equipment
Revenue Share: Food Packaging Equipment
Revenue Share Analysis: Food Packaging Equipment
Growth Metrics
Trends in Beverage Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Fruits and Vegetable Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Grain, Oil, and Fat Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Bakery and Confectionery Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Meat, Fish, and Poultry Processing and Packaging
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Dairy Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Metrics
Trends in Breakfast Cereal, Snack, and Pet Food Processing and Packaging Equipment
Revenue Forecast
Revenue Forecast by Equipment
Forecast Analysis
Revenue Forecast by Region: Food Processing Equipment
Revenue Forecast by Region: Food Packaging Equipment
Forecast Analysis by Region
Growth Opportunity 1: Portfolio Expansion and Increased R&D Investment
Growth Opportunity 1: Portfolio Expansion and Increased R&D Investment (continued)
Growth Opportunity 2: Application Diversification
Growth Opportunity 2: Application Diversification (continued)
Growth Opportunity 3: Sustainable Processing and Packaging
Growth Opportunity 3: Sustainable Processing and Packaging (continued)
Other Companies: Food Processing Equipment
Other Companies: Food Packaging Equipment
Best Practice Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures- Food Processing and Packaging Equipment Market: Growth Metrics, Global, 2023
- Food Processing and Packaging Equipment Industry: Growth Drivers, Global, 2024–2028
- Food Processing and Packaging Equipment Industry: Growth Restraints, Global, 2024–2028
- Food Processing and Packaging Equipment Market: Revenue Forecast, Global, 2020–2028
- Food Processing and Packaging Equipment Market: Revenue Forecast by Equipment, Global, 2020–2028
- Food Processing and Packaging Equipment Market: Food Processing Equipment, Revenue Forecast by End Application, Global, 2020–2028
- Food Processing and Packaging Equipment Market: Food Packaging Equipment, Revenue Forecast by End Application, Global, 2020–2028
- Food Processing and Packaging Equipment Market: Food Processing Equipment, Revenue Forecast by Region, 2020–2028
- Food Processing and Packaging Equipment Market: Food Packaging Equipment, Revenue Forecast by Region, 2020–2028
- Food Processing and Packaging Equipment Market: Food Processing Equipment, Revenue Share of Top Participants, Global, 2023
- Food Processing and Packaging Equipment Market: Food Packaging Equipment, Revenue Share of Top Participants, Global, 2023
- Beverages Processing and Packaging Equipment: Growth Metrics, Global, 2023
- Plant-based Beverage Processing: Flow Chart, Global, 2023
- Beverages Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028
- Beverages Processing and Packaging Equipment: Revenue Forecast by Type, Global, 2020–2028
- Beverages Processing Equipment: Revenue Forecast by Region, 2020–2028
- Beverages Packaging Equipment: Revenue Forecast by Region, 2020–2028
- Fruits and Vegetables Processing and Packaging Equipment: Growth Metrics, Global, 2023
- Fruit Processing Flow Chart, Global, 2023
- Fruits and Vegetables Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028
- Fruits and Vegetables Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028
- Fruits and Vegetables Processing Equipment: Revenue Forecast by Region, 2020–2028
- Fruits and Vegetables Packaging Equipment: Revenue Forecast by Region, 2020–2028
- Grains, Oils, and Fats Processing and Packaging Equipment: Growth Metrics, Global, 2023
- Seed Oil Processing Flow Chart, Global, 2023
- Grains, Oils, and Fats Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028
- Grains, Oils, and Fats Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028
- Grains, Oils, and Fats Processing Equipment: Revenue Forecast by Region, 2020–2028
- Grains, Oils, and Fats Packaging Equipment: Revenue Forecast by Region, 2020–2028
- Bakery and Confectionery Processing and Packaging Equipment: Growth Metrics, Global, 2023
- Bread Processing Flow Chart, Global, 2023
- Bakery and Confectionery Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028
- Bakery and Confectionery Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028
- Bakery and Confectionery Processing Equipment: Revenue Forecast by Region, 2020–2028
- Bakery and Confectionery Packaging Equipment: Revenue Forecast by Region, 2020–2028
- Meat, Fish, and Poultry Processing and Packaging Equipment: Growth Metrics, Global, 2023
- Poultry Processing Flow Chart, Global, 2023
- Meat, Fish, and Poultry Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028
- Meat, Fish, and Poultry Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028
- Meat, Fish, and Poultry Processing Equipment: Revenue Forecast by Region, 2020–2028
- Meat, Fish, and Poultry Packaging Equipment: Revenue Forecast by Region, 2020–2028
- Dairy Processing and Packaging Equipment: Growth Metrics, Global, 2023
- Milk Processing Flow Chart, Global, 2023
- Dairy Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028
- Dairy Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028
- Dairy Processing Equipment: Revenue Forecast by Region, 2020–2028
- Dairy Packaging Equipment: Revenue Forecast by Region, 2020–2028
- Breakfast Cereals, Snacks, and Pet Food Processing and Packaging Equipment: Growth Metrics, Global, 2023
- Breakfast Cereals Processing Flow Chart, Global, 2023
- Breakfast Cereals, Snacks, and Pet Food Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028
- Breakfast Cereals, Snacks, and Pet Food Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028
- Breakfast Cereals, Snacks, and Pet Food Processing Equipment: Revenue Forecast by Region, 2020–2028
- Breakfast Cereals, Snacks, and Pet Food Packaging Equipment: Revenue Forecast by Region, 2020–2028
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This Frost & Sullivan analysis assesses the growth opportunities across the food processing and packaging equipment market. The application areas considered include beverages; fruits and vegetables; dairy; meat, fish, and poultry; bakery and confectionary; oils and fats; breakfast cereals, and snacks; and pet food. The equipment scope includes all processing and packaging machinery/equipment used across different end applications. This analysis provides a detailed examination of the value chain and the market activity of key players in the industry.
The global food processing and packaging equipment market generated revenues of $100.35 billion in 2023. The market will grow thanks to a greater focus on sustainability and stringent food safety and quality control standards. The food processing equipment market accounted for 71.2% of the revenue share in 2023. The meat, fish and poultry, dairy, and beverage segments will drive most of the growth in the food processing equipment market. Food processing 4.0 will be one of the key growth drivers for food processing and packaging equipment over the forecast period. The integration of AI, Internet of Things (IoT), smart sensors, digital twins, big data, and robotics will play a part in the food processing 4.0 concept.
Geographically, Asia-Pacific held the largest revenue share of the global food processing and packaging equipment market in 2023. The Asia-Pacific market is driven by evolving customer preferences, such as the demand for smaller portion food sizes.
Author: Smriti Sharma
| Deliverable Type | Market Research |
|---|---|
| Author | Smriti Sharma |
| Industries | Agriculture and Nutrition |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Food Processing Equipment Market |
| Keyword 2 | Food Packaging Equipment Market |
| Keyword 3 | Food Industry Equipment Trends |
| List of Charts and Figures | Food Processing and Packaging Equipment Market: Growth Metrics, Global, 2023~ Food Processing and Packaging Equipment Industry: Growth Drivers, Global, 2024–2028~ Food Processing and Packaging Equipment Industry: Growth Restraints, Global, 2024–2028~ Food Processing and Packaging Equipment Market: Revenue Forecast, Global, 2020–2028~ Food Processing and Packaging Equipment Market: Revenue Forecast by Equipment, Global, 2020–2028~ Food Processing and Packaging Equipment Market: Food Processing Equipment, Revenue Forecast by End Application, Global, 2020–2028~ Food Processing and Packaging Equipment Market: Food Packaging Equipment, Revenue Forecast by End Application, Global, 2020–2028~ Food Processing and Packaging Equipment Market: Food Processing Equipment, Revenue Forecast by Region, 2020–2028~ Food Processing and Packaging Equipment Market: Food Packaging Equipment, Revenue Forecast by Region, 2020–2028~ Food Processing and Packaging Equipment Market: Food Processing Equipment, Revenue Share of Top Participants, Global, 2023~ Food Processing and Packaging Equipment Market: Food Packaging Equipment, Revenue Share of Top Participants, Global, 2023~ Beverages Processing and Packaging Equipment: Growth Metrics, Global, 2023~ Plant-based Beverage Processing: Flow Chart, Global, 2023~ Beverages Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028~ Beverages Processing and Packaging Equipment: Revenue Forecast by Type, Global, 2020–2028~ Beverages Processing Equipment: Revenue Forecast by Region, 2020–2028~ Beverages Packaging Equipment: Revenue Forecast by Region, 2020–2028~ Fruits and Vegetables Processing and Packaging Equipment: Growth Metrics, Global, 2023~ Fruit Processing Flow Chart, Global, 2023~ Fruits and Vegetables Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028~ Fruits and Vegetables Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028~ Fruits and Vegetables Processing Equipment: Revenue Forecast by Region, 2020–2028~ Fruits and Vegetables Packaging Equipment: Revenue Forecast by Region, 2020–2028~ Grains, Oils, and Fats Processing and Packaging Equipment: Growth Metrics, Global, 2023~ Seed Oil Processing Flow Chart, Global, 2023~ Grains, Oils, and Fats Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028~ Grains, Oils, and Fats Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028~ Grains, Oils, and Fats Processing Equipment: Revenue Forecast by Region, 2020–2028~ Grains, Oils, and Fats Packaging Equipment: Revenue Forecast by Region, 2020–2028~ Bakery and Confectionery Processing and Packaging Equipment: Growth Metrics, Global, 2023~ Bread Processing Flow Chart, Global, 2023~ Bakery and Confectionery Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028~ Bakery and Confectionery Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028~ Bakery and Confectionery Processing Equipment: Revenue Forecast by Region, 2020–2028~ Bakery and Confectionery Packaging Equipment: Revenue Forecast by Region, 2020–2028~ Meat, Fish, and Poultry Processing and Packaging Equipment: Growth Metrics, Global, 2023~ Poultry Processing Flow Chart, Global, 2023~ Meat, Fish, and Poultry Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028~ Meat, Fish, and Poultry Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028~ Meat, Fish, and Poultry Processing Equipment: Revenue Forecast by Region, 2020–2028~ Meat, Fish, and Poultry Packaging Equipment: Revenue Forecast by Region, 2020–2028~ Dairy Processing and Packaging Equipment: Growth Metrics, Global, 2023~ Milk Processing Flow Chart, Global, 2023~ Dairy Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028~ Dairy Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028~ Dairy Processing Equipment: Revenue Forecast by Region, 2020–2028~ Dairy Packaging Equipment: Revenue Forecast by Region, 2020–2028~ Breakfast Cereals, Snacks, and Pet Food Processing and Packaging Equipment: Growth Metrics, Global, 2023~ Breakfast Cereals Processing Flow Chart, Global, 2023~ Breakfast Cereals, Snacks, and Pet Food Processing and Packaging Equipment: Revenue Forecast, Global, 2020–2028~ Breakfast Cereals, Snacks, and Pet Food Processing and Packaging Equipment: Revenue Forecast by Equipment, Global, 2020–2028~ Breakfast Cereals, Snacks, and Pet Food Processing Equipment: Revenue Forecast by Region, 2020–2028~ Breakfast Cereals, Snacks, and Pet Food Packaging Equipment: Revenue Forecast by Region, 2020–2028~ |
| Podcast | No |
| WIP Number | PFL5-01-00-00-00 |
Growth Opportunities in the Food Processing and Packaging Equipment Sector, Global, 2024 2028
Growth Opportunities in the Food Processing and Packaging Equipment Sector, Global, 2024 2028
Food Processing 4.0 and Disruptive Technologies are Driving Transformational Growth
RELEASE DATE
05-Sep-2024
05-Sep-2024
REGION
Global
Global
Deliverable Type
Market Research
Market Research
Research Code: PFL5-01-00-00-00
SKU: FA_2024_995
$4,950.00
In stock
SKU
FA_2024_995