FMI
NEWARK, Del. — According to a recent FMI report, the sales of the food processing equipment market are expected to surpass a value of $69.8 billion in 2032, rising at a compound annual growth rate of around 4.5% through the end of 2032.
The growth of packing solutions that are sturdy enough to endure the rigors of manufacturing and transportation has been fueled by rising customer expectations for clean, nutritious and safe meals.
Bagging, filling, wrapping, conveying, sealing and other all-purpose operations are becoming more popular. The market has also witnessed an increase in the for shelf-stable food goods, increasing the adoption of aseptic packaging and forming machines.
Other factors influencing the food processing equipment market include increased demand for dairy, meat, poultry and seafood products, coupled with rising awareness of food safety. Food processing is the process of converting raw ingredients into desirable food items through chemical or physical techniques. These machines can be fully or partially automated.
These instruments are utilized in a variety of sectors, including seafood and meat processing, poultry farming, dairy, chocolate, vegetable and beverage processing. High-speed packaging and labelling machines are used in the dairy and meat industries. There are three types of end products: liquid, solid and semi-solid.
Key Takeaways from the Food Processing Equipment Market Study:
- Europe and North America hold the majority in the food processing equipment manufacturing global share.
- The meat, poultry and seafood industries will account for the bulk of market share and will continue to do so for the foreseeable future.
- India is estimated to be the lucrative food processing equipment market in South Asia over the forecast period.
Latest from Quality Assurance & Food Safety
- Director General of IICA and Senior USDA Officials Meet to Advance Shared Agenda
- EFSA and FAO Sign Memorandum of Understanding
- Ben Miller Breaks Down Federal Cuts, State Bans and Traceability Delays
- Michigan Officials Warn Recalled ByHeart Infant Formula Remains on Store Shelves
- Puratos USA to Launch First Professional Chocolate Product with Cultured Cocoa
- National Restaurant Association Announces Federal Policy Priorities
- USDA Offloads Washington Buildings in Reorganization Effort
- IDFA Promotes Andrew Jerome to VP of Strategic Communications and Executive Director of Foundation
