Food Processing Equipment Market Size

Food Processing Equipment Market size was valued at USD 55.12 billion in 2024 and is set to exceed USD 92.93 billion by 2037, expanding at over 4.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of food processing equipment is evaluated at USD 56.93 billion.. The demand for food items is projected to substantially rise by the end of 2050. The global population growth is considered the primary factor behind the growth of this market. The global population reached some 7.8 billion in the year 2020 and by the end of 2050, it is set to reach 9.7 billion as per the data provided by the United Nations. Similarly, as per our research, the food demand is expected to grow by 50% between 2020 to 2050.

Large market participants are making significant investments to develop cutting-edge technology equipment for this sector of the economy. There is ongoing research and development to boost this equipment's output capacity. The output or production capacity of various industries has grown as a result of the employment of this equipment. doesn't raise awareness of the advantages of this technology in emerging countries where increasingly sophisticated, almost human-free, equipment is replacing outdated technology. There is no food product or beverage contamination since there is less human interaction.