Global Prepared Food Equipment Market Size, Trends & Analysis - Forecasts to 2026 By Type (Pre-Processing, Packaging, Processing), By Application (Prepared Meals, Sauces, Dressings & Condiments, Bakery & Confectionery Products, Dairy & Refrigerated Products, Meat & Seafood Products, Others), By Mode of Operation (Automatic, Manual, Semi-Automatic), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Prepared Food Equipment Market Insights
The growing demand for packaged, processed, easy, and less time-consuming to make food is causing the prepared food equipment market to grow rapidly. In terms of revenue, globally, the market is expected to hold a valuation of almost USD 15 billion by the end of the forecast period of 2021 to 2026.
Prepared food equipment are the types of machinery that get used while producing ready to eat or ready to cook packaged food products, for instance, sauces, ready to cook snacks, packaged meat, preserved vegetables, etc. It includes machinery that helps in the slicing, peeling of various vegetables and animal meat, it also helps refrigerated products to preserve and sterilize.
With the rise in disposable income because of the growth in the emerging economy, especially in countries like India and China, the consumption pattern is rapidly changing towards easier-to-make, more convenient, packaged and processed food. However, with the rising awareness about the nutritional value of the food, the consumers are also paying attention to the food value and the shelf life of the packaged food items, and thus, the prepared food equipment is also witnessing a rapid demand as these pieces of equipment are necessary parts in this process.
Increasing demand for ready-to-eat meat products, various savory products, like sauces pickles, processed and packaged and cleaned animal products are also witnessing great demand and the food equipment is a very essential part of producing such packaged food items.
The recent emergence of the ongoing pandemic significantly influenced this market as people were facing lockdown and staying at home. The convenience and ready-to-cook meals and snacks witnessed more demand as they are easy to make and tasty at the same time.
Global Prepared Food Equipment Market: By Type
According to the type, this market is segmented into three divisions, pre-processing, packaging, and processing. Among these segments, the packaging segment is estimated to be the fastest-growing segment over the forecast period.
The growing technological advancements and innovation of more suitable products in this industry is leading the packaging segment to grow further. Moreover, packaging reduces the chances of wastage and contamination from outside thereby increasing the shelf life of the food product. Mostly in the developed countries, the process of packaging takes place automatically with the help of machines but in many small food processing firms, especially in developing and underdeveloped countries, the packaging gets done manually.
Apart from this, the segment of processing is also expected to augment a significant growth in the coming years, mainly due to the rising demand for easy-to-make and ready-to-cook food products, like, various snacks, savory products, preserved meat, and vegetables, among others.
Global Prepared Food Equipment Market: By Application
According to the application, this market is segmented into prepared meals, sauces, dressings and condiments, bakery and confectionery products, dairy and refrigerated products, meat and seafood products, and others. Among all these, the segment of prepared meals and the segment of sauces are estimated to be the fastest-growing ones.
On the other hand, because of the growing development in emerging countries, a greater percentage of the population does not have time to make proper meals from fresh vegetables and meat. With time, they are preferring readymade and easy-to-make food over the traditional meals which is leading this segment to grow.
Global Prepared Food Equipment Market: By Mode of Operation
Based on the mode of operation, the prepared food equipment market is divided into three main segments: automatic, manual, and semi-automatic. The Automatic and semi-automatic modes are estimated to grow at a larger pace as they require less manual support.
In the developed countries where most of the biggest food industries are set up, automatic equipment is used, as they provide higher productivity in a lesser time and also do the work sufficiently.
But in the developing countries, semi-automatic equipment is the most popular one as they are comparatively less expensive than the fully-automatic ones and require a lesser number of people to manage than the manual ones.
Global Prepared Food Equipment Market: By Region
Regionally, the Asia Pacific region is estimated to grow at the highest CAGR and also to acquire the largest market share during the forecast period. Solely, the rising population in the emerging countries and the increasing disposable incomes are causing the consumers to prefer easier to prepare food over the traditionally prepared ones.
The growing innovations and technological advancements are also affecting this industry to grow in terms of adopting more automated machines, and advanced packaging material.
Global Prepared Food Equipment Market Share and Competitor Analysis
GEA Group, BT Corporation, Bühler, Dover Corporation, Krones, Alfa Laval, Spx Flow, Tetra Laval, Robert Bosch, Middle by Corporation, Marel, Multivac, Lyco Manufacturing, Inc., Bigtem Makine, Sumpot, Ima Group, ALI Group, Heat and Control, Inc., HUP Sheng Machinery & Industry, and Hosokawa Alpine are some of the key players of this market.
Please note: This is not an exhaustive list of companies profiled in the report.
New and advanced product launches, joint ventures, are some of the main strategies taken by the key companies of this market.
In 2020, the company named, Alfa Laval, launched a center in Denmark for manufacturing fluid food processing equipment.
In 2018, the GEA Group launched a packaging material named, GEA DeltaPak, which is efficient and inexpensive at the same time.
In 2017, to capture more part of the market, the Middleby Corporation paired with Global Food Equipment Company.
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The Global Prepared Food Equipment Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Prepared Food Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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