Global Prepared Food Equipment Market Analysis By Segmentations, Top Key Players, Geographical Expansion, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 1/12/2023
- NO OF PAGES
- 203
- CATEGORY
- Heavy Industry
Market Overview:
The prepared food equipment market refers to the machinery and equipment used for preparing, cooking, packaging, and preserving various types of ready-to-eat food products. This market has been growing rapidly due to the increasing demand for convenient and packaged food products in busy urban lifestyles.
The market is segmented based on equipment type, application, and region. The equipment types include processing equipment, packaging equipment, and cooking equipment, among others. The applications of prepared food equipment are found in restaurants, supermarkets, and convenience stores, among others.
The market growth is driven by factors such as increasing urbanization, rising disposable incomes, changing food preferences, and technological advancements in food processing and packaging equipment. However, the market faces challenges such as high initial investment costs, regulatory compliance requirements, and maintenance costs of the equipment.
North America and Europe are the largest markets for prepared food equipment, followed by the Asia Pacific region. Some of the major players in the market include Buhler AG, JBT Corporation, GEA Group, Alfa Laval AB, and Tetra Pak International SA.
Overall, the prepared food equipment market is expected to continue its growth trajectory in the coming years due to the increasing demand for packaged and ready-to-eat food products worldwide.
Covid-19 Impact:
The COVID-19 pandemic had a significant impact on the prepared food equipment market. The lockdowns and restrictions on movement implemented by governments worldwide resulted in a sharp decline in the demand for prepared food products in the foodservice industry. This decline in demand led to a reduction in the production and sales of prepared food equipment during the pandemic.
However, the pandemic also led to a shift in consumer behavior, with more people opting for packaged and ready-to-eat food products due to concerns over food safety and hygiene. This shift in consumer behavior led to an increase in the demand for prepared food equipment in the retail sector.
Manufacturers of prepared food equipment also faced supply chain disruptions and logistical challenges due to the pandemic, which resulted in delays in the delivery of equipment and spare parts. This led to a decrease in production capacity and an increase in lead times for new orders.
As the pandemic recedes, the prepared food equipment market is expected to rebound as the foodservice industry recovers, and consumer demand for packaged and ready-to-eat food products continues to grow. However, manufacturers may face continued supply chain disruptions and logistical challenges in the short term as the global economy continues to recover.
Market Dynamics:
Drivers:
The prepared food equipment market is driven by several factors, including:
- Increasing demand for convenient food products: With the rise in urbanization and busy lifestyles, there is a growing demand for packaged and ready-to-eat food products. Prepared food equipment enables food manufacturers to meet this demand by providing efficient and automated processing and packaging solutions.
- Technological advancements: The continuous advancements in food processing and packaging technology have led to the development of more efficient and sophisticated equipment. These advancements have made the production process more streamlined, resulting in increased productivity, reduced labor costs, and improved food safety.
- Changing food preferences: Consumers are increasingly seeking healthy, nutritious, and organic food products, which require specialized equipment for processing and packaging. Prepared food equipment manufacturers are responding to this demand by developing equipment that can cater to these specialized requirements.
- Increasing disposable incomes: With rising disposable incomes, consumers are more willing to spend money on high-quality food products. This has led to an increase in demand for premium and specialty food products, which require specialized equipment for processing and packaging.
- Government regulations: Governments worldwide are implementing regulations and standards for food safety and hygiene, which require food manufacturers to use specialized equipment for processing and packaging. This has led to an increase in demand for prepared food equipment that meets these regulations and standards.
Overall, the prepared food equipment market is driven by a combination of changing consumer preferences, technological advancements, and government regulations, which are expected to continue to shape the market in the coming years.
Regional Analysis:
The prepared food equipment market is geographically segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America is the largest market for prepared food equipment, with the United States being the leading country in the region. The market in this region is driven by the high demand for processed and packaged food products, coupled with the presence of several major players in the food processing and packaging industry.
Europe is the second-largest market for prepared food equipment, with Germany, France, and the United Kingdom being the leading countries in the region. The market in this region is driven by the high demand for packaged and ready-to-eat food products, coupled with the stringent regulations and standards for food safety and hygiene.
The Asia Pacific region is the fastest-growing market for prepared food equipment, with China, India, Japan, and Australia being the leading countries in the region. The market in this region is driven by the increasing population, rising disposable incomes, and changing food preferences, which have led to a growing demand for packaged and ready-to-eat food products.
The Rest of the World includes Latin America, the Middle East, and Africa. This region is a growing market for prepared food equipment, with Brazil and South Africa being the leading countries in the region. The market in this region is driven by the increasing urbanization, rising disposable incomes, and changing food preferences, which have led to a growing demand for packaged and ready-to-eat food products.
Overall, the prepared food equipment market is expected to grow in all regions, driven by the increasing demand for packaged and ready-to-eat food products worldwide. However, the growth rates may vary depending on the economic and demographic factors in each region.
Market Segmentation:
The prepared food equipment market is segmented based on equipment type, application, and region.
Equipment Type:
- Processing Equipment
- Packaging Equipment
- Cooking Equipment
- Refrigeration Equipment
- Others (washing and sterilizing equipment, slicing and dicing equipment, etc.)
Application:
- Restaurants
- Supermarkets and Hypermarkets
- Convenience Stores
- Others (cafeterias, caterers, hotels, etc.)
Region:
- North America
- Europe
- Asia Pacific
- Rest of the World
The processing equipment segment includes equipment such as mixers, grinders, fryers, ovens, and slicers, among others. This equipment is used to process raw materials into finished products.
The packaging equipment segment includes equipment such as filling machines, sealing machines, labelling machines, and wrapping machines, among others. This equipment is used to package finished products for distribution and sale.
The cooking equipment segment includes equipment such as steamers, grills, fryers, and ovens, among others. This equipment is used to cook and prepare food products.
The refrigeration equipment segment includes equipment such as chillers, freezers, and refrigerators, among others. This equipment is used to store and preserve food products.
The application segment includes various end-users such as restaurants, supermarkets, and convenience stores, among others. Overall, the prepared food equipment market is segmented based on the type of equipment used for processing, packaging, and preserving food products, as well as the end-users who utilize this equipment.
Competitive Landscape:
Some of the key players operating in the prepared food equipment market include:
- GEA Group AG
- Alfa Laval AB
- JBT Corporation
- Bühler AG
- Middleby Corporation
- Illinois Tool Works Inc.
- Marel hf
- Ali Group S.r.l.
- Heat and Control, Inc.
- Berkshire Hathaway Inc. (Duravant LLC)
These companies offer a wide range of equipment for processing, packaging, and preserving food products, such as mixers, grinders, fryers, filling machines, sealing machines, labeling machines, and refrigeration equipment, among others. They cater to various end-users, including restaurants, supermarkets, convenience stores, and other food service providers.
In addition to these major players, there are several smaller and regional players in the market who also offer prepared food equipment. The market is highly competitive, and companies are focusing on product innovation and expansion to gain a competitive edge. The companies are also focusing on strategic partnerships and acquisitions to strengthen their market position and expand their customer base.
Global Prepared Food Equipment Market: Regional Analysis
The countries covered in the regional analysis of the Global Prepared Food Equipment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Prepared Food Equipment market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Prepared Food Equipment would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Prepared Food Equipment Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Prepared Food Equipment Revenue
1.4 Market Analysis by Type
1.4.1 Global Prepared Food Equipment Market Size Growth Rate by Type: 2023 VS 2032
1.4.2 Pre-processing Equipment
1.4.3 Processing Equipment
1.4.4 Packaging Equipment
1.5 Market by Application
1.5.1 Global Prepared Food Equipment Market Share by Application: 2023-2032
1.5.2 Meat & Seafood Products
1.5.3 Snacks & Savory Products
1.5.4 Sauces, Dressings, and Condiments
1.5.5 Dairy & Refrigerated Products
1.5.6 Ready-to-eat Products
1.6 Study Objectives
1.7 Years Considered
1.8 Overview of Global Prepared Food Equipment Market
1.8.1 Global Prepared Food Equipment Market Status and Outlook (2017-2032)
1.8.2 North America
1.8.3 East Asia
1.8.4 Europe
1.8.5 South Asia
1.8.6 Southeast Asia
1.8.7 Middle East
1.8.8 Africa
1.8.9 Oceania
1.8.10 South America
1.8.11 Rest of the World
2 Market Competition by Manufacturers
2.1 Global Prepared Food Equipment Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Prepared Food Equipment Revenue Market Share by Manufacturers (2017-2022)
2.3 Global Prepared Food Equipment Average Price by Manufacturers (2017-2022)
2.4 Manufacturers Prepared Food Equipment Production Sites, Area Served, Product Type
3 Sales by Region
3.1 Global Prepared Food Equipment Sales Volume Market Share by Region (2017-2022)
3.2 Global Prepared Food Equipment Sales Revenue Market Share by Region (2017-2022)
3.3 North America Prepared Food Equipment Sales Volume
3.3.1 North America Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.3.2 North America Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 East Asia Prepared Food Equipment Sales Volume
3.4.1 East Asia Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.4.2 East Asia Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Prepared Food Equipment Sales Volume (2017-2022)
3.5.1 Europe Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.5.2 Europe Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 South Asia Prepared Food Equipment Sales Volume (2017-2022)
3.6.1 South Asia Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.6.2 South Asia Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.7 Southeast Asia Prepared Food Equipment Sales Volume (2017-2022)
3.7.1 Southeast Asia Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.7.2 Southeast Asia Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.8 Middle East Prepared Food Equipment Sales Volume (2017-2022)
3.8.1 Middle East Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.8.2 Middle East Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.9 Africa Prepared Food Equipment Sales Volume (2017-2022)
3.9.1 Africa Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.9.2 Africa Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.10 Oceania Prepared Food Equipment Sales Volume (2017-2022)
3.10.1 Oceania Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.10.2 Oceania Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.11 South America Prepared Food Equipment Sales Volume (2017-2022)
3.11.1 South America Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.11.2 South America Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
3.12 Rest of the World Prepared Food Equipment Sales Volume (2017-2022)
3.12.1 Rest of the World Prepared Food Equipment Sales Volume Growth Rate (2017-2022)
3.12.2 Rest of the World Prepared Food Equipment Sales Volume Capacity, Revenue, Price and Gross Margin (2017-2022)
4 North America
4.1 North America Prepared Food Equipment Consumption by Countries
4.2 United States
4.3 Canada
4.4 Mexico
5 East Asia
5.1 East Asia Prepared Food Equipment Consumption by Countries
5.2 China
5.3 Japan
5.4 South Korea
6 Europe
6.1 Europe Prepared Food Equipment Consumption by Countries
6.2 Germany
6.3 United Kingdom
6.4 France
6.5 Italy
6.6 Russia
6.7 Spain
6.8 Netherlands
6.9 Switzerland
6.10 Poland
7 South Asia
7.1 South Asia Prepared Food Equipment Consumption by Countries
7.2 India
7.3 Pakistan
7.4 Bangladesh
8 Southeast Asia
8.1 Southeast Asia Prepared Food Equipment Consumption by Countries
8.2 Indonesia
8.3 Thailand
8.4 Singapore
8.5 Malaysia
8.6 Philippines
8.7 Vietnam
8.8 Myanmar
9 Middle East
9.1 Middle East Prepared Food Equipment Consumption by Countries
9.2 Turkey
9.3 Saudi Arabia
9.4 Iran
9.5 United Arab Emirates
9.6 Israel
9.7 Iraq
9.8 Qatar
9.9 Kuwait
9.10 Oman
10 Africa
10.1 Africa Prepared Food Equipment Consumption by Countries
10.2 Nigeria
10.3 South Africa
10.4 Egypt
10.5 Algeria
10.6 Morocco
11 Oceania
11.1 Oceania Prepared Food Equipment Consumption by Countries
11.2 Australia
11.3 New Zealand
12 South America
12.1 South America Prepared Food Equipment Consumption by Countries
12.2 Brazil
12.3 Argentina
12.4 Columbia
12.5 Chile
12.6 Venezuela
12.7 Peru
12.8 Puerto Rico
12.9 Ecuador
13 Rest of the World
13.1 Rest of the World Prepared Food Equipment Consumption by Countries
13.2 Kazakhstan
14 Sales Volume, Sales Revenue, Sales Price Trend by Type
14.1 Global Prepared Food Equipment Sales Volume Market Share by Type (2017-2022)
14.2 Global Prepared Food Equipment Sales Revenue Market Share by Type (2017-2022)
14.3 Global Prepared Food Equipment Sales Price by Type (2017-2022)
15 Consumption Analysis by Application
15.1 Global Prepared Food Equipment Consumption Volume by Application (2017-2022)
15.2 Global Prepared Food Equipment Consumption Value by Application (2017-2022)
16 Company Profiles and Key Figures in Prepared Food Equipment Business
16.1 GEA Group
16.1.1 GEA Group Company Profile
16.1.2 GEA Group Prepared Food Equipment Product Specification
16.1.3 GEA Group Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.2 Alfa Laval
16.2.1 Alfa Laval Company Profile
16.2.2 Alfa Laval Prepared Food Equipment Product Specification
16.2.3 Alfa Laval Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.3 Buhler
16.3.1 Buhler Company Profile
16.3.2 Buhler Prepared Food Equipment Product Specification
16.3.3 Buhler Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.4 Marel
16.4.1 Marel Company Profile
16.4.2 Marel Prepared Food Equipment Product Specification
16.4.3 Marel Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.5 The Middleby Corporation
16.5.1 The Middleby Corporation Company Profile
16.5.2 The Middleby Corporation Prepared Food Equipment Product Specification
16.5.3 The Middleby Corporation Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.6 Welbilt (The Manitowoc Company)
16.6.1 Welbilt (The Manitowoc Company) Company Profile
16.6.2 Welbilt (The Manitowoc Company) Prepared Food Equipment Product Specification
16.6.3 Welbilt (The Manitowoc Company) Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.7 Hughes Equipment Company
16.7.1 Hughes Equipment Company Company Profile
16.7.2 Hughes Equipment Company Prepared Food Equipment Product Specification
16.7.3 Hughes Equipment Company Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.8 Heat and Control
16.8.1 Heat and Control Company Profile
16.8.2 Heat and Control Prepared Food Equipment Product Specification
16.8.3 Heat and Control Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.9 Bigtem Makine
16.9.1 Bigtem Makine Company Profile
16.9.2 Bigtem Makine Prepared Food Equipment Product Specification
16.9.3 Bigtem Makine Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
16.10 HUP Sheng Machinery & Industry
16.10.1 HUP Sheng Machinery & Industry Company Profile
16.10.2 HUP Sheng Machinery & Industry Prepared Food Equipment Product Specification
16.10.3 HUP Sheng Machinery & Industry Prepared Food Equipment Production Capacity, Revenue, Price and Gross Margin (2017-2022)
17 Prepared Food Equipment Manufacturing Cost Analysis
17.1 Prepared Food Equipment Key Raw Materials Analysis
17.1.1 Key Raw Materials
17.2 Proportion of Manufacturing Cost Structure
17.3 Manufacturing Process Analysis of Prepared Food Equipment
17.4 Prepared Food Equipment Industrial Chain Analysis
18 Marketing Channel, Distributors and Customers
18.1 Marketing Channel
18.2 Prepared Food Equipment Distributors List
18.3 Prepared Food Equipment Customers
19 Market Dynamics
19.1 Market Trends
19.2 Opportunities and Drivers
19.3 Challenges
19.4 Porter's Five Forces Analysis
20 Production and Supply Forecast
20.1 Global Forecasted Production of Prepared Food Equipment (2023-2032)
20.2 Global Forecasted Revenue of Prepared Food Equipment (2023-2032)
20.3 Global Forecasted Price of Prepared Food Equipment (2017-2032)
20.4 Global Forecasted Production of Prepared Food Equipment by Region (2023-2032)
20.4.1 North America Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.2 East Asia Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.3 Europe Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.4 South Asia Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.5 Southeast Asia Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.6 Middle East Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.7 Africa Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.8 Oceania Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.9 South America Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.4.10 Rest of the World Prepared Food Equipment Production, Revenue Forecast (2023-2032)
20.5 Forecast by Type and by Application (2023-2032)
20.5.1 Global Sales Volume, Sales Revenue and Sales Price Forecast by Type (2023-2032)
20.5.2 Global Forecasted Consumption of Prepared Food Equipment by Application (2023-2032)
21 Consumption and Demand Forecast
21.1 North America Forecasted Consumption of Prepared Food Equipment by Country
21.2 East Asia Market Forecasted Consumption of Prepared Food Equipment by Country
21.3 Europe Market Forecasted Consumption of Prepared Food Equipment by Countriy
21.4 South Asia Forecasted Consumption of Prepared Food Equipment by Country
21.5 Southeast Asia Forecasted Consumption of Prepared Food Equipment by Country
21.6 Middle East Forecasted Consumption of Prepared Food Equipment by Country
21.7 Africa Forecasted Consumption of Prepared Food Equipment by Country
21.8 Oceania Forecasted Consumption of Prepared Food Equipment by Country
21.9 South America Forecasted Consumption of Prepared Food Equipment by Country
21.10 Rest of the world Forecasted Consumption of Prepared Food Equipment by Country
22 Research Findings and Conclusion
23 Methodology and Data Source
23.1 Methodology/Research Approach
23.1.1 Research Programs/Design
23.1.2 Market Size Estimation
23.1.3 Market Breakdown and Data Triangulation
23.2 Data Source
23.2.1 Secondary Sources
23.2.2 Primary Sources
23.3 Disclaimer
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