Meticulous Research® Releases Plant-based Food Processing Equipment Report
Meticulous Research® has released a detailed report titled “Plant-based Food Processing Equipment Market by Type (Dryers, Mixers & Grinders, Pasteurizers); by Mode of Operation (Semi-automatic, Automatic); by Production Facility Size (Small & Medium Scale, Large Scale); and Geography - Global Forecasts to 2030.” This report provides an in-depth look at market trends and forecasts up to 2030.
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Growth Forecast and Market Opportunities
The plant-based food processing equipment market is expected to reach $7.79 billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. The increasing popularity of plant-based foods, technological advancements in equipment, and significant investments in the sector are key factors driving this growth. However, the high cost of advanced food processing equipment poses challenges, especially for small-scale manufacturers.
Segmentation: Equipment Type
The market is categorized by equipment type, including dryers, mixers & grinders, extruders, and more. Dryers are expected to dominate the market in 2023 due to their critical role in maintaining product quality and extending shelf life. The adoption of advanced drying technologies is particularly prominent as manufacturers shift from traditional methods to more efficient systems.
Operation: Automatic vs. Semi-Automatic
The automatic segment is expected to experience the highest growth within the market, driven by increasing demand for high-efficiency, automated systems that reduce labor costs and ensure product consistency. Automation is especially important for manufacturers focused on large-scale production of plant-based foods.
Facility Size: Small and Medium Enterprises Leading
The market is also segmented by production facility size. Small & medium-scale facilities are expected to capture the largest market share in 2023 due to government support and the growing number of SMEs entering the plant-based food sector. These businesses are investing in advanced processing equipment to enhance productivity and profitability.
Regional Insights: North American Dominance
North America is forecasted to lead the global plant-based food processing equipment market in 2023, driven by a strong presence of plant-based food manufacturers, rapid growth in SMEs, and increasing consumer demand for vegan products. Technological advancements and the rising demand for automation further contribute to North America's market leadership.
Conclusion
The plant-based food processing equipment market is set for significant growth, driven by technological advancements and increasing consumer demand for plant-based foods. Although high equipment costs pose challenges for smaller manufacturers, government support and innovations in automation technology present opportunities for growth, particularly in North America.
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Key Players:
The plant-based food processing equipment market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the plant-based food processing equipment market are Alfa Laval AB (Sweden), amixon GmbH (Germany), ANDRITZ AG (Austria), Bühler Group (Switzerland), Coperion GmbH (Germany), Clextral SAS (France), Duravant LLC (U.S.), Flottweg SE (Germany), GEA Group Aktiengesellschaft (Germany), Marel hf. (Iceland), SPX FLOW, Inc. (U.S.), and Tetra Pak (Switzerland).
Key Questions Answered in the Report-
- What is the current value of revenue generated by the plant-based food processing equipment market?
- At what rate is the demand for plant-based food processing equipment projected to grow for the next 5-7 years?
- What was the historical market size and growth rate for the plant-based food processing equipment market?
- What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
- Which segments in terms of type, mode of operation, and production facility size have created major traction for the manufacturers in this market in recent years?
- What are the key geographic trends in this market? Which regions/countries are expected to offer significant growth opportunities for plant-based food processing equipment manufacturers?
- Who are the major players in the plant-based food processing equipment market? What are their specific product offerings in this market?
- What recent developments have taken place in the plant-based food processing equipment market? What impact have these strategic developments created on the market?
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