Food and Beverage Processing Equipment Market Is Estimated To Witness High Growth Owing To Increasing Demand for Processed and Packaged Food
- Ronak Shah
- U.S.A
- January 17, 2025

The Food and Beverage Processing Equipment market is estimated to be valued at US$ 68.23 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024- 2031, as highlighted in a new report published by Coherent Market Insights.
The growth of the Food and Beverage Processing Equipment market is driven by the increasing demand for processed and packaged food owing to changing lifestyles and food consumption patterns. Processed food has higher shelf life as compared to fresh foods which is increasing its preference among consumers. Additionally, growing working population has led to rise in demand for convenience foods which is propelling the need for advanced food processing equipment. Equipment such as form-fill-seal packaging machines, filling and dosing equipment and conveying equipment ensure efficient production of packaged foods.
Key Market Trends: Adoption of Industry 4.0 technologies: Major players in the market are focusing on integrating advanced technologies such as IoT, AI and cloud computing into food processing equipment to enhance productivity, reduce downtime and improve product quality. For example, technologies like predictive maintenance helps in monitoring equipment performance and alerting troubles before breakdown.
Use of environmental-friendly solutions: Equipment manufacturers are developing processing solutions that utilizes fewer resources and produces less waste. For example, equipment with energy efficient motors and improved sealing & insulation help reduce energy consumption. Similarly, systems with optimal portioning & portion control packaging minimize food wastage.
Food and Beverage Processing Equipment Market Opportunities: The food and beverage processing equipment market is anticipated to witness significant growth attributed to growing demand for packaged food products across the globe. Food processing equipment aids in processing raw foods and converting them into finished food products. Rapid urbanization coupled with changing lifestyles of people has boosted the demand for processed and packaged foods over the years.
The bakery processing equipment segment dominates the global food processing equipment market and is anticipated to witness a CAGR of around 6% during the forecast period. Rapid growth in bakery product consumption such as breads, cakes, biscuits and pastries across both developed and developing countries is expected to fuel demand for bakery processing equipment in the upcoming years.
Key Market Takeaways: The global food and beverage processing equipment market is anticipated to witness a CAGR of 5.5% during the forecast period 2024-2031, owing to the growing global population and increasing per capita income in developing economies. On the basis of equipment type, bakery processing equipment segment is expected to hold a dominant position, owing to growing consumption of bakery products worldwide.
On the basis of end user, the food processing industry segment is expected to hold the largest share in the global market, due to increasing application of food processing equipment in food manufacturing industries. North America is expected to hold a dominant position over the forecast period, due to well-established food processing industry and presence of major players in the region.
Competitor Insights: Key players operating in the food and beverage processing equipment market include JBT Corporation, Tetra Pak, GEA Group Aktiengesellschaft, ALFA LAVAL, SPX FLOW, Krones AG, Bühler AG, and John Bean Technologies Corporation. These players are focusing on new product launches and strategic collaborations to strengthen their market position.
Recent Developments: In August 2023, Glanbia Nutritionals invested in a new production line from Bosch Packaging for developing clean label nutrition bars. Meanwhile, FrieslandCampina developed a specialized formulation and processing facility for producing plant-based dairy products. Industry experts forecast plant-based foods to represent over 25% of the global meat and dairy market by 2024. This growing space will fuel innovation in mixing, emulsifying, spraying and depositing equipment tailored for alternative ingredients. More information in full report.