Rising demand for processed and packaged food products is a major factor driving Food Processing Equipment Market revenue growth

The global food processing equipment market size is expected to reach USD 75.56 Billion in 2032 and register a revenue CAGR of 4.1% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for processed and packaged food products is a major factor driving the market revenue growth. Food processing equipment increases efficiency of food processing. Processing equipment is designed to meet hygiene and safety standards. For instance, it reduces the risk of contamination and increases the shelf-life of food products, hence driving market revenue growth. Moreover, rising demand for custom-made food processing equipment is another factor driving revenue growth of the market.

Growing technological advancements are major factors contributing to the market revenue growth. Food processing equipment is used to increase quality of their product. Food equipment makers creating devices that can process foods faster while also being more energy and cost-efficient. For instance, bakers across the globe are troubled by issues such as hole creation during improper bread fermentation. To address this, 3D X-ray food inspection technology scans the bread and exposes flaws inside the loaf via a 3D digital model. This is frequently used in conjunction with an automated rejection process that detects and removes low-quality loaves from the production line therefore driving the market revenue growth.

However, the initial investment cost is high which might be a problem for small-scale industry which is a major factor restraining the market revenue growth. Poorly cleaned and sanitized equipment can harbor microbiological contamination and can gather allergic products, contaminating a non-allergenic product produced on the same line which is another factor restraining the market revenue growth.

Source: Yahoo Finance