Food Processing Equipment Market is segmeneted By Type (Processing, Pre-processing), By Mode of Oper....
Market Size in USD Bn
CAGR4.3%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 4.3% |
Market Concentration | Medium |
Major Players | GEA Group AG, Bettcher Industries Incorporated, Anko Food Machine Company Limited, Berkshire Hathaway Incorporated, Atlas Pacific Engineering Company Incorporated and Among Others |
The food processing equipment market is estimated to be valued at USD 55.37 Bn in 2024 and is expected to reach USD 74.35 Bn by 2031. It is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Rapid growth in the food processing industry along with rising demand for packaged food items is supporting the demand in food processing equipment market.