The globalfood processing and handling equipment marketsize was estimated at $130.6 billion in 2021 and is poised to reach $175.1 billion by 2026, exhibiting a CAGR of 6.0% during the forecast period. The Food Processing and Handling Equipment Market is experiencing tremendous growth due to a combination of factors, including a surging demand for processed and packaged food, a growing need for efficient and hygienic processing methods, and the adoption of cutting-edge technology and automation in the food and beverage industry. This report delves into the key drivers of this growth, as well as the trends, challenges, and growth opportunities present in the market.

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The Food Processing and Handling Equipment Market is witnessing substantial growth as the food industry expands, driven by increasing demand for processed foods such as meat products, baked goods, convenience food, and more. The development of new technologies, like non-thermal processing, is streamlining the production process and reducing waste, time, and costs. Innovations in processing technology, the demand for healthy and functional foods, and the growth of food manufacturing capacities in emerging economies are all contributing factors to the market's growth. The food and beverage industry is being transformed by advancements in food processing, creating opportunities for manufacturers to meet the growing demand for healthy and functional products using cutting-edge equipment.

Drivers: Rising demand for meat, poultry, bakery, dairy, and confectionery products

Meat, dairy, bakery, and confectionery products are some of the major applications of food food processing and handling equipment. The growing consumption of protein-based food products, frozen meat, frozen bakery products, and fruits vegetables; and the growing preference for healthy food products in developed countries drive the demand for higher food production. This growth in demand for various food products will, in turn, drive the demand for food processing and handling equipment. There have been various product launches in snack and bakery product categories, with health claims such as gluten-free and non-GMO in the European market.

Challenges: Infrastructural challenges in developing countries

The saturated markets of developed regions such as Europe and North America compel manufacturers of food processing equipment to search for untapped markets and expand their consumer base. This requires substantial investments in many aspects of business expansion, especially with regard to the establishment of new facilities in developing countries. Apart from internal investments in facilities, manufacturers also need to spend heavily on the development of efficient supply chain management and storage of raw materials and finished goods. Although low raw material prices and labor costs benefit processing companies entering into developing countries, the investment costs for infrastructural development are a major challenge.

Many developing countries still lack proper infrastructure facilities such as lack of cold storages facilities, non-availability of refrigerated transport, and non-availability of electric supply and road and rail connectivity. These challenges need to be addressed by the respective governments and manufacturers to support the growth of the food food processing and handling equipment market in developing regions.

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The Asia Pacific market dominated the food processing and handling equipment market during the forecast period

The food industry in Asia Pacific is gigantic. In the region, product innovations and technological advances have put increasing pressures on the quality standards at all levels, with a growing emphasis on food safety, integrity, quality, and nutritional and health impacts. Growth in the demand for processed foods, the rapid rise in supermarkets, and retail outlets are some of the positive factors shaping the growth of the food and beverages industry in the region. With the rising urban incomes and higher consumption proportions of animal products, there is a demand for a more varied range of foodstuffs. Changing demand for processed food and gradual liberalization of the international food trade has resulted in the rise of multinational food retailers.

The key players in this market include GEA Group (Germany), ALFA LAVAL (Sweden), Bhler 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).