With a projected value of US$ 43.1 billion in 2022, the global food preservation equipment market is on the cusp of remarkable growth, poised to thrive with a robust compound annual growth rate (CAGR) of 6.2% from 2023 to 2033. By the culmination of this period, it is forecasted to achieve an impressive valuation of US$ 78.15 billion.
The impetus propelling the surge in demand for food preservation equipment is multifaceted. A key driver is the global commitment to reducing food wastage. Faced with an ever-growing population and depleting resources, there is heightened awareness of the necessity to optimize food resource utilization. Food preservation equipment plays a pivotal role in achieving this objective by extending the shelf life of various food products.
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Catalysts and Lucrative Avenues: Exploring the Food Preservation Equipment Market
In recent times, surging health consciousness and evolving lifestyles have given rise to heightened demand for protein-rich diets like meat and poultry, particularly in countries such as the United States, China, India, and the United Kingdom. This trend is driving the utilization of food preservation equipment across both industrial and domestic settings.
Simultaneously, the development of innovative food preservation equipment, bolstered by enhanced features and favorable governmental support, is poised to open lucrative vistas for manufacturers in the forecast period.
The escalating incidence of foodborne illnesses is another factor expected to positively impact the food preservation equipment market throughout the assessment period.
Key Insights from the Food Preservation Equipment Market Analysis:
- The forecast period spanning 2023 to 2033 is expected to witness the food preservation equipment market surge at a robust CAGR of 6.2%.
- In terms of product type, refrigerators hold a substantial share within the global food processing equipment industry.
- Within the end-user spectrum, the poultry industry is projected to exhibit healthy growth over the coming decade.
- The food preservation equipment market in North America currently holds a valuation of approximately $12.8 billion.
- The United States’ food preservation equipment market is estimated to be valued at around $8.2 billion.
- In India, food preservation equipment sales are poised to witness robust growth throughout the forecast period.
According to a leading analyst at FMI, “Escalating global food insecurity and robust growth in pivotal end-use sectors like poultry, seafood, and dairy are the primary factors fueling the demand for food preservation equipment.”
Leaders in the Arena:
Prominent manufacturers in the food preservation equipment sector encompass Alfa Laval, Wild Goose Canning Systems, Enterprise Tondelli, Vigo Ltd., Dixie Canner Co., Cask Brewing Systems Inc., Palmer-Tech Services, Inc., HOR YANG Machinery, Alpha Brewing Operations, Pneumatic Scale Angelus, Blenzor, Elecster Oyj, and Shanghai Triowin Intelligent Machinery.
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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 segmented as below:
By Product Type:
- Pasteurizer
- High-Temperature short time pasteurizer
- Higher heat shorter time
- Ultra high temperature
- Ultra Pasteurized
- Refrigerators
- Visi Coolers
- Walk-in Refrigerators
- Freezer
- Confectionery Cabinets
- Fermenting Equipment
- Canning Equipment
- Automatic
- Semi-automatic
- Manual
- Irradiation Equipment
By End User:
- Poultry Industry
- Seafood Industry
- Beverage Industry
- Snacks Industry
- Dairy Products Industry
- Health Foods Industry (Whey protein etc.)
- Bakery Industry
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- Middle East and Africa
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Author:
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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