Global Food Production Machinery Market Size By Type (Depositors, Extruding Machines), By Application (Bakery & Confectionery, Meat Poultry and Seafood), By Region, And Segment Forecasts, 2023 to 2032

Report Id: 10724 | Published Date: Feb 2023 | No. of Pages: | Base Year for Estimate: Feb 2023 | Format:


The Global Food Production Machinery Market was valued at USD 55 billion in 2023 and is projected to surpass USD 90 billion by 2031, growing at a CAGR of 6.2% during the forecast period. Growth is primarily driven by increasing consumer demand for processed and packaged foods, advancements in automation, and stringent food safety regulations. Food production machinery plays a critical role in enhancing efficiency, ensuring quality, and meeting diverse production requirements across the food and beverage industry.

Drivers

Rising Demand for Processed Food: The global shift towards urbanization and changing dietary preferences has fueled the demand for processed and ready-to-eat foods, boosting the adoption of efficient food production machinery.

Technological Advancements: Integration of IoT, AI, and robotics in food production machinery is enhancing operational efficiency and reducing human intervention, leading to greater productivity.

Stringent Food Safety Standards: Regulatory compliance requires manufacturers to invest in modern machinery that ensures hygiene and safety, further driving market growth.

Restraints

High Initial Investment: The significant capital required for purchasing and maintaining advanced machinery can deter small and medium-sized enterprises (SMEs).

Maintenance Challenges: The complexity of modern machinery demands skilled labor for operation and maintenance, which may pose challenges for some manufacturers.

Opportunities

Emerging Markets: Rising disposable income and increasing urbanization in Asia-Pacific and Latin America present significant growth opportunities for food production machinery.

Sustainable Solutions: The growing emphasis on eco-friendly and energy-efficient machinery provides an avenue for innovation and differentiation in the market.

Market Insights

Market by System Type

Processing Equipment dominated the market in 2023, driven by the high demand for automated systems to meet production scalability. This segment is expected to maintain its leadership due to ongoing innovations in precision engineering and energy-efficient designs.

Market by End-Use

Dairy and Beverage Processing emerged as the largest revenue contributor in 2023, holding over 35% of the market share. The rising consumption of dairy products, beverages, and functional foods is a key driver.

Market by Regional Insights

Asia-Pacific led the market in 2023, accounting for the largest share due to rapid industrialization, urbanization, and government initiatives supporting food production sectors in countries like China and India.

North America is expected to register significant growth, fueled by the high demand for innovative food products and automation technologies.

Competitive Scenario

Key players include Bühler AG, Tetra Pak International S.A., GEA Group, SPX FLOW, Inc., and John Bean Technologies Corporation. Companies are focusing on mergers, acquisitions, and technological innovation to expand their market presence. Recent developments include:

2023: Bühler AG launched energy-efficient machinery for grain processing.

2024: GEA Group introduced modular equipment aimed at small and medium enterprises.

2025: Tetra Pak announced a partnership with an AI technology firm to improve machinery efficiency.

Scope of Work – Global Food Production Machinery Market

Report Metric

Details

Market Size (2023)

USD 55 billion

Projected Market Size (2031)

USD 90 billion

CAGR (2023-2031)

6.2%

Key Segments

Processing Equipment, Dairy and Beverage Processing, Region

Major Growth Drivers

Rising processed food demand, automation, food safety standards

Opportunities

Emerging markets, sustainable and energy-efficient machinery

 

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