In terms of value, the food processing equipment market is expected to grow at a CAGR of 7.2% from 2020 to reach USD 98.4 billion by 2027. In terms of volume, the market is expected to grow at a CAGR of 7.6% from 2020 to reach 56,233.9 thousand units by 2027. The growth of the food processing equipment market is mainly attributed to the increasing consumer demand for processed food, growing focus on food safety and safety of workers, growing need to increase productivity, increasing focus of food manufacturers to reduce production costs, and government support to promote the food processing sector.
Here are the top 10 companies operating in Food Processing Equipment Market-
Tetra Pak International S.A. (Switzerland)
Tetra Pak is one of three companies in the Tetra Laval Group. The company is engaged in providing processing, packaging, and distribution solutions for food products. The company operates through five business segments, namely, Packages, Processing Equipment, Filling Machines, Distribution Equipment, and Service Products. The company offers sorting, processing, and conveying equipment for fruit & vegetables, nuts, dried fruits, snacks, seeds & grains, and meat, poultry, & seafood.
With more than 78 sales offices, 36 production plants, six R&D centers, and 11 technical training centers, the company offers its products and services in more than 170 countries across North America, Europe, Asia, and Africa.
Krones Group (Germany)
Krones is engaged in planning, developing, and manufacturing machines and complete lines for the fields of process, filling, and packaging technology. The company operates through two business segments, namely, Machines and Lines for Product Filling and Decoration and Machines and Lines for Beverage Production/Process Technology. The company’s Machines and Lines For Product Filling and Decoration segment offers product treatment, systems engineering, labeling, inspection, filling, cleaning, plastics, packing & palletizing, and conveyor technologies. Its Machines and Lines For Beverage Production/Process Technology segment is engaged in brewhouse & filtration, information, internal logistics, and materials flow technologies.
The company has its geographic presence in Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa. The subsidiaries of the company include KOSME S.R.L. Unipersonale (Italy), Milkron GmbH (Germany), and Trans-Market LLC (U.S.).
The Middleby Corporation (U.S.)
Middleby is involved in designing, manufacturing, marketing, distributing, and servicing a broad line of food equipment with more than 50 brands for industrial processing, commercial restaurants, and institutional kitchens. The company operates through three business segments, namely, Commercial Foodservice Equipment Group, Food Processing Equipment Group, and Residential Kitchen Equipment Group. The company’s Commercial Foodservice Equipment segment is engaged in making conveyors & convection ovens, fryers, ranges, toasters, combi ovens, steamers, broilers, deck ovens, baking ovens, proofers, and countertop cooking & warming equipment. Middleby makes batch ovens, conveyor ovens, continuous cooking systems, and food packaging equipment for food processing companies.
With operation facilities in approximately 15 countries, the company has its geographic presence in North America, Europe, the Middle East, Asia, and Latin America.
Bühler AG (Switzerland)
Bühler is engaged in developing and manufacturing industrial process technologies and solutions for food, mobility, and communication markets. The company operates through three business segments, namely, Grains & Food, Consumer Foods, Advanced Materials, and Corporate Functions. The company provides process technologies in the areas of cleaning, optical sorting, sifting & grading, die casting, wet grinding & dispersing, pelleting, extrusion & dough preparation, drying, mixing, ingredient handling, weighing & packing, dehulling, grain logistics, roasting & debacterizing, refining, coaching, molding, automation, food safety, high vacuum thin-film coating, milling, grinding, and flaking areas.
These technologies are further used for processing wheat & grain, rice, oilseeds, malt, brewery & distillery, pulses & spices, fruits & vegetables, pasta, count lines, cereals, ingredients, chocolate, cocoa, nuts, coffee, bakery products, sugar, potato products, and snacks. Moreover, the company is also involved in providing services, such as retrofit & reconditioning, repairs, maintenance, training & courses, manufacturing & logistics, consulting, nutrition solutions, analytics laboratory, financial services, technology center & testing facilities, consulting & engineering, and a Polyethylene Terephthalate (PET) recycling solution for plastic bottle & flake sorting. Bühler has a presence in over 140 countries worldwide.
GEA Group Aktiengesellschaft (Germany)
GEA Group focuses on process technology and components for sophisticated production processes in various end-user markets, such as food, process engineering, and thermal engineering technology. The company operates through two business segments, namely, Business Area Equipment and Business Area Solutions. The Business Area Equipment division offers separators, valves, pumps, homogenizers, refrigeration compressors, feeding systems, and process technology solutions for food processing, packaging applications, and slurry engineering. This division provides process solutions for the dairy processing, baking, brewing, food and beverages, pharma, and chemical industries. The company has its geographic presence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
A report into the projected growth of the current Food processing Equipment Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2022, it’s expected to have grown at a CAGR of 54.7%, reaching over $3.8 billion.
Alfa Laval AB (Sweden)
Alfa Laval is involved in manufacturing and supplying products and solutions for heat transfer, separation, and fluid handling. The company operates through five business segments, namely Marine, Food & Water, Energy, Greenhouse, and Operations & Other. The company’s products are used in various sectors, such as food, chemicals, pharmaceuticals, starch, sugar, ethanol, nuclear power, onboard vessels, engineering, mining, and refinery. The company’s products are also used to treat wastewater and create a comfortable indoor climate.
With 42 major production units, the company serves customers in more than 100 countries.
Marel HF (Iceland)
Marel is involved in developing, manufacturing, selling, and distributing equipment, systems, and services for the poultry, fish, and meat industries. The company operates through four business segments, namely Poultry, Fish, Meat, and Others. The company’s Poultry segment offers integrated systems for processing broilers, turkeys, ducks, and other breeds. Its Fish segment provides equipment and systems for onboard & wild salmon, whitefish, and salmon processing. Further, the Meat segment offers systems and equipment in slaughtering, deboning & trimming, case-ready food service, and bacon processing. The company also offers full line solutions for further processing, food processing software, and waste-water treatment solutions.
With offices and subsidiaries in 30 countries and a network of more than 100 agents and distributors, the company has its presence across the globe.
Bucher Industries AG (Switzerland)
Bucher Industries is involved in developing, manufacturing, and selling machinery, vehicles, and systems to harvest, produce & package food, and keep roads & public spaces clean and safe. The company operates through five business segments, namely, Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The Bucher Specials division offers machinery and equipment for winemaking; technologies and equipment for processing fruit juices, beer, instant products, systems for automation technology; and distributes tractors and specialized agricultural machinery.
With the help of its subsidiaries, the company has its geographic presence in North America, Europe, Latin America, and Asia-Pacific.
John Bean Technologies Corporation (U.S.)
JBT is involved in designing, manufacturing, and providing technology solutions to the food processing and air transportation industries. The company operates through two business segments, namely, JBT FoodTech and JBT AeroTech. The product, solutions, and services offerings of JBT FoodTech comprise freezing and chilling, protein processing, shelf-stable sterilization, fruits & juice processing, and automation systems. The company offers food processing systems, primarily for the preparation of meat, seafood & poultry products, ready-to-eat meals, shelf-stable packaged foods, bakery products, juice & dairy products, and fruits & vegetable products.
With production facilities in the U.S., Brazil, Belgium, Germany, Italy, Sweden, the Netherlands, the U.K., South Africa, and China; sales & services offices in more than 25 countries; and 11 technical centers, the company serves customers globally.
SPX Flow Inc. (U.S.)
SPX FLOW is involved in designing, manufacturing, and marketing engineered products and services. The company operates through three business segments, namely, Food & Beverage, Industrial, and Power & Energy. The company’s Food & Beverage segment offers processing equipment and solutions under various brands, such as Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell.
With operations in 35 countries, the company markets its products in over 150 countries worldwide.
Popular mentions: Heat and Control Inc. (U.S.), Nichimo Co., Ltd. (Japan), Paul Mueller Company (U.S.), Key Technology Inc. (U.S.), Baader Group (Germany), Meyer Industries Limited (Thailand), Dover Corporation (U.S.), Bigtem Makine A.S. (Turkey), and TNA Australia Pty Limited (Australia).
Authoritative Research on the Food Processing Equipment Market– Global Opportunity Analysis and Industry Forecast (2020-2027)
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- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
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