Hot Food Processing Equipment Market size is expected to reach USD 35.72 billion by 2030

 Hot Food Processing Equipment Industry Overview

The global hot food processing equipment market size was valued at USD 20.82 billion in 2021 and is expected to exhibit a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030.The rising demand for fast food and packaged food is expected to prompt manufacturers to expand their production capabilities, thereby augmenting the demand for hot food processing equipment during the forecast period.

The COVID-19 pandemic has resulted in a significant shift in consumer demand, away from fast food service, cafes, bars, and restaurants, towards food consumed at home, necessitating significant modifications in the way food supply chains operate. This has boosted the demand for processed foods and nudged food manufacturers to adopt food processing equipment technology to meet the growing demand.

Gather more insights about the market drivers, restrains and growth of the Global Hot Food Processing Equipment Market

The growing urban population in the U.S. has influenced food preferences, thereby boosting the processed food demand. Furthermore, the market in the U.S. is undergoing a transition owing to the COVID-19 pandemic as players in this space undertook strategic acquisition and capacity expansion to meet the increasing demand for food.

Hot food processing equipment is essential in food processing. The advantages include the inactivation of food-borne pathogens and harmful constituents, as well as the extension of shelf life, improved bioavailability, taste, flavor, and enhanced functional properties such as improved levels of antioxidants. Growing demand for food and beverages is expected to boost the growth of the hot food processing equipment market during the forecast period.

Rising disposable incomes and a growing younger population with higher spending means is likely to drive the market for processed foods thereby aiding the industry growth. Preference for healthy meals and the rise of veganism among the younger population is projected to provide a good industry outlook, as food makers are likely to capitalize on the rising demand.

The supply chain disruptions caused by the COVID-19 pandemic in 2020, coupled with the ongoing Russia-Ukraine crisis, have resulted in augmented steel prices. Volatility in the prices of steel reduces the profit margins of process equipment makers and raises final equipment prices, thus restricting industry expansion to some extent.

Browse through Grand View Research's Food Safety & Processing Industry Research Reports

  • Bakery Contract Manufacturing Market: The global bakery contract manufacturing market size was estimated at USD 19.3 billion in 2021 and is anticipated to expand at a compounded annual growth rate (CAGR) of 9.5% from 2022 to 2030.
  • Commercial Food Dehydrators Market: The global commercial food dehydrators market size to be valued at USD 868.4 million by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 7.1% during the forecast period.

Market Share Insights

  • January 2022: Bühler AG owned Ben Link partnered with Alfa Laval, which will allow Alfa Laval to gain access to Ben Link digital crowd platform, which has 4,000 local and qualified field technicians based in Europe, the UK, the U.S., and India. 
  • December 2021: The Middle by Corporation acquired Master built Holdings, LLC, and Char-Griller. The acquirement is in line with the company’s strategic acquisitions and is expected to strengthen its household product portfolio in roasting and cooking technologies

Key Companies Profile

Some prominent players in the global hot food processing equipment market include:

  • GEA Group Aktiengesellschaft
  • Bühler AG
  • Marel
  • The Middle by Corporation
  • JBT
  • Heat & Control, Inc
  • SPX Flow
  • Tetra Laval International S.A
  • Alfa Laval
  • TNA Australia Pty Limited
  • BMA BraunschweigischeMaschinenbauanstalt AG

Order a free sample PDF of Hot Food Processing Equipment Market Intelligence Study, published by Grand View Research. 

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