Food Processing Market - Forecast(2023 - 2028)

Food Processing Market size is estimated to reach $186.4 billion by 2027, growing at a CAGR of 6.2% during the forecast period 2022-2027. Food processing is the activity of carrying out a range of mechanical or chemical operations on food to alter or conserve it. In food processing, fermentation is the transformation of carbohydrates to alcohol or organic acids utilizing microorganisms like yeasts or bacteria under anaerobic (oxygen-free) conditions. Fermentation mostly indicates that the activity of microorganisms is appropriate. The science of fermentation is termed zymology or zymurgy. Freezing, in food processing, is a technique of conserving food by reducing the temperature to restrict microorganism development. Pasteurisation is a regulated heating procedure utilized to remove any hazardous pathogens that may be existing in milk, fruit-based drinks, certain meat products, and additional foods which are typically exposed to this treatment. Pasteurisation subdues most reasonable vegetative forms of micro-organisms however not heat-resistant spores. Antioxidants are substances that avert an autoxidation procedure of additional compounds or counterbalance free radicals and are extensively utilized in food processing industries to restrict oxidation and improve flavor, aroma, and color (Kebede and Admassu, 2019). The shelf life of food is heightened by conservation procedures. Preservation procedures commence in the field by way of what is termed preventive measures (good agricultural practices and good hygiene practices) applicable to raw materials and the good manufacturing practices enforced in the industry. Shelf-life is usually recorded on a food label by either a best-before date or a use-by-date.

The surging innovations in the food industry are set to drive the Food Processing Global Market. The soaring growth in food manufacturing capabilities and development of the food processing industry with food preservation techniques like freezing is set to propel the growth of the Food Processing Global Market during the forecast period 2022-2027. This represents the Food Processing Global Industry Outlook.

Report Coverage

The report: “Food Processing Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Food Processing Global Market.

By Type: Depositors, Extruding Machines, Mixers, Refrigeration, Others.
By Mode Of Operation: Fully Automatic, Semi-Automatic.
By Application: Bakery And Confectionery Products, Poultry And Meat Products, Fish And Seafood Products, Dairy Products, Alcoholic Beverages, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

Food Processing Market: Market Share (%) by Region, 2021

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Food Processing Market Segment Analysis – By Type:

The Food Processing Global Market based on type can be further segmented into Depositors, Extruding Machines, Mixers, Refrigeration, and Others. The Refrigeration Segment held the largest market share in 2021. This growth is owing to the surging application of refrigerators for storing different food items for a lengthy period of time. Freezing transforms water in the food to ice which is usually not the case with refrigeration. The soaring benefits of refrigeration like effortless storage of food, planning the food prepared well in advance, and enhanced quality are further propelling the growth of the Refrigeration segment.

Furthermore, the Mixers segment is estimated to grow with the fastest CAGR of 7.3% during the forecast period 2022-2027 owing to the proliferating application of food mixers in different processing facilities for meats, fruits and vegetables, canning, baked goods, and also in big restaurants, breweries, and an additional big batch food preparation applications apart from surging application of food processing techniques like pasteurization.

Food Processing Market Segment Analysis – By Application

The Food Processing Global Market based on the application can be further segmented into Bakery And Confectionery Products, Poultry And Meat Products, Fish And Seafood Products, Dairy Products, Alcoholic Beverages, and Others. The Dairy Products Segment held the largest market share in 2021. This growth is owing to the surging application of food processing techniques like cooling, fermentation, and pasteurization to extend the usable life of milk and decrease the count of probable pathogenic microorganisms to levels that do not symbolize a considerable health risk. The greater cash incomes offered to small-scale dairy producers owing to the processing of dairy products are further propelling the growth of this segment.

Furthermore, the Bakery And Confectionery Products segment is estimated to grow with the fastest CAGR of 7.7% during the forecast period 2022-2027 owing to the proliferating intake of bakery products and confectionery items in conjunction with the soaring application of blast freezing in bakery applications to expand the shelf life of the product and to keep up its security, physicochemical stability, and freshness.

Food Processing Market Segment Analysis – By Geography:

The Food Processing Global Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. Asia-Pacific (Food Processing Global Market) held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the surging intake of processed food in the Asia-Pacific region. Typical food processing techniques include fermentation and pasteurization. The expanding population, soaring foreign-direct investment and altered preferences are further propelling the growth of the Food Processing Global Market in the Asia-Pacific region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the proliferating demand for leisure food in countries like India, China, and Japan in the Asia-Pacific region. The technological advancements with Industry 4.0, green manufacturing, cost savings by utilizing single-source suppliers, alterations in consumer tastes, surging application of food processing techniques like pasteurization, and soaring demand for healthier foods fueling innovation and product output are further propelling the progress of the Food Processing Global Market in the Asia-Pacific region.

Food Processing Market Drivers

Surging Significance Of Food Processing Is Projected To Drive The Growth Of Food Processing Market:

Food Processing is the procedure of converting food items into a form that can be utilized. It can include the processing of raw materials into food through distinct physical and chemical procedures. The objectives of food processing include increasing the shelf life of food products, avoiding food contamination, food storage and transportation, transforming raw food materials into appealing marketable products, and offering employment to a big population. Certain techniques utilized for appropriate processing of food include peeling off the external layers of the raw materials, fermentation, and pasteurization. Additional techniques of food processing include drying, cooling, freezing, heating, and pickling. The advantages of food processing include decreasing the count of harmful bacteria in food that may bring about ailments, enhancing the shelf life of food products, and minimizing health inequalities and principal health concerns. As per the India Brand Equity Foundation website, the Indian food processing industry is responsible for 32 percent of the country’s total food market, one of the largest industries in India, and is ranked fifth in terms of production, consumption, export, and anticipated growth. The surging significance of food processing is therefore fuelling the growth of the Food Processing Global Market during the forecast period 2022-2027.

Soaring Automation In Food Processing Is Expected To Boost The Demand For Food Processing Worldwide:

The Food processing industry including key players like Marel focused on maintaining the supply chains intact during the course of the COVID-19 pandemic. From the manner of carrying out routine maintenance to allowing higher automation in process lines, 2020 witnessed Marel release greater than 30 innovations. With the advent of Industry 4.0, two principal trends in automated food processing include digital transformation and robotics. Robots are evolving into smarter, more collaborative by design, more digital (therefore more linked with complete production), and inexpensive to generate, function and maintain – all very attractive features in the food processing industry. Certain food processing techniques include fermentation and pasteurization. The manufacturing industry, all in all, installs greater than 350,000 industrial robots per year. The food and beverage industry is responsible for about 3% of this total, establishing greater than 10,000 robots per year. Food processors can increasingly utilize robotic solutions to assist in encountering challenges like labor availability, ergonomics, food security, and greater yield and efficiency. Further to increasing automation, robots allow more scalability and flexibility. Digital transformation involving all-inclusive software has become an important element of contemporary food processing. Marel’s Innova food processing software is the tool that performs everything from providing real-time information like data on customer orders and stock levels, machine performance, and operator productivity to product quality and traceability, with modules including everything from individual device control to total factory solutions across diversified sites. The soaring automation in food processing is therefore driving the growth of the Food Processing Global Market during the forecast period 2022-2027.

Food Processing Market Challenges

Limitations Of Food Processing Are Hampering The Growth Of The Food Processing Market:

As per the marketplace.org website, processed foods constitute 70 percent of the U.S. diet. Food processing involves certain principal limitations. Processed food includes artificial constituents. An enormous count of resources is used up in preparing the food which seems pleasant to the brain thereby resulting in excessive intake by consumers. Furthermore, processed food is the largest source of added sugar which is very unhealthy. Food processing eliminates certain nutrients, vitamins, and fiber existing in the food. Processing can also influence the taste of the food owing to makers including cheap or artificial sugar, salts, fats, or additives to enhance or restore the flavor or characteristics of the food. Everyday consumption of processed foods advances aging and kidney damage owing to the presence of phosphates and genetically engineered constituents included in it. These issues are thus hampering the growth of the Food Processing Global Market.

Food Processing Industry Outlook: 

Product launches, product expansions, mergers and acquisitions, partnerships, collaborations, and agreements are key strategies adopted by players in the Food Processing Global Market. Key companies of this market are:

1. Bühler Group
2. Krones AG
3. AFE Group Ltd
4. Atlas Pacific Engineering Company Inc.
5. B.K Engineers
6. Archer Daniels Midland
7. Cargill Foods
8. Mondelez International, Inc.
9. Meyer Industries Limited
10. Robert Bosch

Recent Developments

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