The global food preservation equipment market is expected to exceed US$ 78.6 billion in 2032, with overall sales increasing at a CAGR of 6.2% during the forecast period (2023 to 2033).
The growing emphasis on reducing food waste to improve global food security is a key factor propelling the global food preservation equipment industry forward, and this trend is expected to continue during the forecast period.
Food preservation equipment is a machine that protects food from microorganisms, temperature, and other environmental factors. Adoption of these equipment allow end-use industries to significantly improve shelf life of products, reduce wastage, and prevent foodborne illnesses.
During the forecast period, the global market is expected to benefit from the rapid growth of industries such as poultry, beverages, dairy, and bakery, as well as the increasing adoption of food preservation equipment in these sectors.
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Over the years, growing health awareness and changing lifestyles have created high demand for protein-rich diets such as meat and poultry, particularly in countries like the United States, China, India, and the United Kingdom. This is propelling the need for food preservation equipment at industrial and domestic levels.
Similarly, development of innovative food preservation equipment with enhanced features and favorable government support will create lucrative opportunities for manufacturers during the projection period.
Growing incidence of foodborne diseases is another factor that is expected to positively influence food preservation equipment market during the assessment period.
Key Takeaways from the Food Preservation Equipment Market Study:
- During the projection period 2023 to 2033, the food preservation equipment market is anticipated to accelerate at a CAGR of 6.2%.
- Based on product type, refrigerators segment holds a prominent share of the global food processing equipment industry.
- By end user, poultry industry is expected to grow at a healthy pace during the next ten years.
- North America food preservation equipment market is currently valued at US$ 12.8 billion.
- The United States food preservation equipment market is estimated to be valued at US$ 8.2 billion.
- Food preservation equipment sales in India are poised to increase at a robust pace during the projection period.
“Rising food insecurity worldwide and robust growth of end-use industries such as poultry, seafood, and dairy are the two crucial factors driving demand for food preservation equipment,” says a lead FMI analyst.
Who is Winning?
Leading food preservation equipment manufacturers include Alfa Laval, Wild Goose Canning Systems, Enterprise Tondelli, Vigo Ltd., Dixie Canner Co., Cask Brewing Systems Inc., Palmer-Tech Services, Inc., HOR YANG Machinery and Alpha Brewing Operations, Pneumatic Scale Angelus, Blenzor, Elecster Oyj, and Shanghai Triowin Intelligent Machinery.
Get Valuable Insights into Food Preservation Equipment Market
FMI, in its new offering, provides an unbiased analysis of the Food Preservation Equipment market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for Food Preservation Equipment based on Product Type (Canning equipment, refrigerators, pasteurizers, irradiation and fermentation equipment), End User (Poultry Industry, Seafood Industry, Beverage industry, Snacks industry, Dairy products Industry, Health foods industry and Bakery Industry), across several regions.
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Food Preservation Equipment Industry Segmentation
By Product Type:
- High-Temperature short time pasteurizer
- Higher heat shorter time
- Ultra high temperature
- Ultra Pasteurized
- Visi Coolers
- Walk-in Refrigerators
- Confectionery Cabinets
- Fermenting Equipment
- Canning Equipment
- Irradiation Equipment
By End User:
- Poultry Industry
- Seafood Industry
- Beverage Industry
- Snacks Industry
- Dairy Products Industry
- Health Foods Industry (Whey protein etc.)
- Bakery Industry
- North America
- Latin America
- Asia Pacific
- Middle East and Africa