The global food processing and handling equipment market is anticipated to experience substantial growth, projecting an increase from $130.6 billion in 2021 to $175.1 billion by 2026, with a compounded annual growth rate (CAGR) of 6% during the forecast period, according to a report by MarketsandMarkets. This growth is attributed to various factors such as the surging global demand for prepared food products, evolving consumer lifestyles, significant technological advancements, and increased investment opportunities in the food processing industry.

The markets in North America and Europe have demonstrated consistent growth, driven by well-established food and beverage processing industries and the presence of international equipment manufacturers. Developing countries like India, Brazil, and China are also contributing to this growth, fueled by rising disposable incomes, rapid urbanization, and an increased preference for processed and convenient foods.

Key factors supporting the expansion of the food and beverage processing equipment market include advancements in the industry, innovations in processing technology, and a continual uptick in the demand for processed foods. Manufacturers are expected to adopt new equipment to meet the growing demand for healthier and functional food and beverage options. Additionally, the expansion of food manufacturing capacities in emerging economies is set to further bolster the food processing and handling equipment market.

The solid segment currently dominates the global market due to increased consumption of solid food products like bread, processed meat, and processed vegetables. Changing consumer preferences and the adoption of advanced technologies to enhance product shelf life are driving growth in this segment. Opportunities for manufacturers lie in customizations and innovations in the bakery and dessert industries, along with the rising demand for processed fruit and vegetable products.

The food industry in the Asia Pacific region is of significant magnitude, with ongoing product innovations and technological advancements elevating quality standards. There is a growing emphasis on food safety, integrity, quality, and nutritional impact. Factors such as increased demand for processed foods, the proliferation of supermarkets and retail outlets, and rising urban incomes are positively shaping the food and beverage industry in the region. The research highlights the changing demand for processed foods and the gradual liberalization of international food trade, leading to the rise of multinational food retailers.