Food Processing Equipment Market to be Worth $103.82 Billion by 2031

Food Processing Equipment Market by Type (Meat, Poultry, and Seafood Processing Equipment, Beverage Processing Equipment, Bakery Equipment, Dairy Processing Equipment, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic), and Geography – Global Forecast to 2030

According to this latest publication from Meticulous Research®, the food processing equipment market is projected to reach $103.82 billion by 2031, at a CAGR of 5.6% from 2024–2031. 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.