Food Processing Equipment Market to be Worth $103.82 Billion by 2031
Food Processing Equipment Market Size, Share, Forecast, & Trends Analysis by Type (Meat, Poultry, and Seafood, Beverage, Bakery, Dairy, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic)- Global Forecast to 2031
The Food Processing Equipment Market is expected to reach $103.82 billion by 2031, at a CAGR of 5.6% from 2024 to 2031. In terms of volume, Food Processing Equipment is expected to reach 2.96 million units, at a CAGR of 3.1% from 2024 to 2031. The growth of the food processing equipment market is driven by increasing demand for processed foods, a growing focus on food and worker safety, a growing need to increase productivity, food manufacturers’ increasing focus on reducing production costs, and government support to promote the food processing industry. However, the high cost of equipment and the consumers’ increasing inclination towards minimally processed food products restrain the growth of this market.
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