Global Food Processing Equipment Market Size, Forecast

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The Hot Food Processing Equipment Global Market Report 2023 by The Business Research Company, provides hot food processing equipment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Hot Food Processing Equipment Global Market Report 2023, the global hot food processing equipment market size grew from $21.73 billion in 2022 to $23.4 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the hot food processing equipment market size is expected to grow to $30.92 billion in 2027 at a CAGR of 7.2%.

Rising demand for fast food and packaged food is expected to propel the growth of the hot food processing equipment market going forward. Fast-food and packaged foods are types of foods that save time in food acquisition, preparation, and preparation and are ready-to-eat foods from grocery stores. Hot food processing equipment is used to handle, cook, prepare, store, and package food and food products.

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The hot food processing equipment market is segmented:

1) By Type: Baking Equipment, Evaporation Equipment, Pasteurization Equipment, Dehydration Equipment, Roasting and Grilling Equipment, Frying Equipment, Sterilization Equipment, Blanching Equipment, Other Types

2) By Mode of Operation: Automatic, Semi-Automatic, Manual

3) By End-User: Food Processing Industries, Food Service Industry, Household

Technological advancement has emerged as the new trend gaining popularity in the hot food processing equipment market. Major companies operating in the hot food processing equipment market are focused on developing new technological solutions such as automated processing, remote maintenance, and others to strengthen their position in the market. For instance, in May 2021, GEA Group, a Germany-based food systems and component company, launched the GEA OptiSlicer 6000, which incorporates a number of technological advancements to slice meat and cheese products more quickly, resulting in increased output and easier maintenance while maintaining ultimate precision. The higher blade capacity and online remote access allow real-time advice and intervention to verify parameters and error messages to rectify faults or optimize machine parameter settings, reducing downtime and maximizing productivity.

The hot food processing equipment market report table of contents includes: