Expanding Horizons: Plant-Based Food Processing Equipment Market Estimated to Reach $7.79 Billion by 2030
Introduction to the Plant-based Food Processing Equipment Market
Meticulous Research® has published an in-depth 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 valuable insights into the future of plant-based food processing.
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Market Growth Projections
According to the report, the plant-based food processing equipment market is forecast to reach $7.79 billion by 2030, at a CAGR of 5.2% from 2023 to 2030. Key growth drivers include rising demand for plant-based foods, technological innovations, and increasing investments in this market. However, high equipment costs could pose challenges, especially for startups and small producers.
Market Segmentation by Type
The global market is segmented by equipment type, which includes dryers, mixers & grinders, extruders, and more. In 2023, dryers are expected to lead the market due to their ability to improve product hygiene and quality. By removing moisture from food ingredients, these machines help maintain the texture, flavor, and freshness of plant-based products, boosting production efficiency.
Segmentation by Mode of Operation
Based on the mode of operation, the automatic segment is expected to grow at a faster pace during the forecast period. The growth is driven by the increasing need for productivity and consistency in large-scale food production, as well as the rising demand for automation to reduce labor costs and ensure high-quality output.
Production Facility Size: SMEs Driving Growth
The market is also segmented based on the size of production facilities. In 2023, small & medium-scale production facilities are expected to hold the largest market share. This growth is largely due to increased government support for small-scale processors and the growing number of SMEs offering plant-based food products. Advanced processing equipment helps these companies increase productivity while reducing costs, making them more competitive in the market.
Regional Analysis: North America in the Lead
North America is projected to dominate the global plant-based food processing equipment market in 2023. This leadership can be attributed to the region’s established base of plant-based food manufacturers, the rising number of SMEs, and the growing consumer demand for vegan food products. Additionally, innovations in food processing technology and the increased use of automation in production are driving demand for equipment in this region.
Conclusion
The plant-based food processing equipment market is set to expand significantly by 2030, driven by demand for plant-based foods and technological innovations in food processing. High costs, however, may hinder market entry for smaller players. With North America leading the way, opportunities abound for businesses in this growing market.
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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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