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Outlook: Food processing equipment
Date Published：10/27/2017 10:10:03 AM
GIVEN the trends in the food and beverage industry, robust growth is expected in the processing equipment sector. The market is driven by strong demand from various F&B sectors including meat, poultry, seafood and dairy. Growth in the convenience and processed food sector, as well as new product development are a boost to equipment makers, according to Research and Markets.
The industry is benefiting from innovations in automation, thereby enabling equipment providers to deliver efficiency in their solutions. New designs will be for machines and techniques that are required for minimally processed food. Following the trends in clean labelling, more thermal processing machines will be designed with cooking/chilling features that can retain flavors and textures as well as freshness.
Options to dairy are starting to blossom into a major trend, but dairy processing is still pacing forward. The equipment market is expected to reach $14.84 billion by 2025, as diverse products and the rising importance of automation process in dairy products will propel the demand for processing equipment, says Grand View Research, Inc.
As in other industries, dairy manufacturers have to bring down the cost of processing products.
Process automation is playing a major role in reducing direct labor cost as well as quality improvement, and increased productivity.
Homogenizers are in demand as they reduce bacteria and others microbiological activity, increase the shelf life, and improve properties such as color, flavor, consistency, taste and texture of a product.
Cheese is the largest application segment in 2016 and is projected to follow the same growth trend over the forecast period. The segment is expected to grow at a CAGR of 6.0% over the forecasted period.
High Pressure Processing Equipment (HPP) used in many kinds of food and beverage products is among leading processing technologies. By 2022, its market value is estimated at $500.3 million. Although HPP is expensive to install and maintain for many food companies, it remains a major technology with growth opportunities in Asia Pacific.
Extrusion is another process widely needed in production of snacks, cereals, breads, and similar products. The food extrusion market will be value of $68.38 billion and $7.11 billion by 2022, at CAGRs of 4.26% and 2.41% from 2017 to 2022, respectively, according to MarketsandMarkets. In its report on food extrusion, the firm mentions demand in processed foods as a growth driver for extrusion equipment. The twin screw extruder is favored for its functionality, low cost of production, better control of process parameters, high level of process flexibility, and mixing capability.
Savory snacks, followed by breakfast cereals, accounted for the largest share of the food extrusion market in 2016, the research firm said. Raw materials such as rice, corn, potato, and taro have been popular feed materials for extruded snacks because of their ease of availability and good functional properties.
Keeping it cool
Refrigeration and cold storage are increasingly in demand as the region sees growth in the number of supermarkets, restaurants, convenience stores, and other food retail outlets. Refrigeration systems include display cases, walk-in coolers, beverages refrigeration, ice making machineries, and other cooling F&B machines that together accounted for $25.7 billion in 2016.
Thanks to innovations in energy and cooling efficiency, current compressors and systems are more in line with manufacturers’ efforts to become more environmental and sustainable. New refrigeration models can withstand harsh working conditions as well. In APAC’s developing countries, small and medium sized refrigerated warehouses and food processing industries have started following F-gas regulations as required in the Montreal Protocol.
Food safety as part of the process
The food safety testing market is projected to reach $18.54 billion by 2022, as reported by Research and Markets. The sector is buoyed by new testing technologies that help food and beverage manufacturers meet international safety regulations. At the same time the market is growing due to the globalization of food supply, and the surprising continued rise in foodborne outbreaks globally.
Rapid technologies are easy and convenient, providing many applications in the food industry – and the results are processed fast. They are used to check the count, type, and metabolites of microorganisms related to food spoilage, preservation, fermentation, safety, and foodborne pathogens.
According to Research and Market, the APAC with a large market base for food and beverage, improved living standards, and awareness of food safety will make it the fastest growing region for food safety.
Global forecast for meat, poultry and pet food processing
AT PROCESS EXPO held in Chicago, David Seckman, President of the Food Processing Suppliers Association (FPSA) presented the following findings compiled by MarketsandMarkets:
The global meat processing equipment market, valued at $9,075.1 million in 2015, is projected to reach $14.5 billion by 2022, at a Compounded Annual Growth Rate (CAGR) of 7.03% during the forecast period. Factors responsible for driving growth of the industry are the increased consumption of processed food, government support for equipment use in developing countries, demand for food safety and safety of workers, presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules.
The global poultry processing equipment market was valued at $2.95 billion in 2014, and is projected to reach $3.83 billion by 2020, at a CAGR of 4.7% during the forecast period. The factors responsible for driving the growth of the industry are the increased consumption of processed food, the government support for the use of equipment in developing countries, the demand for food safety, safety of workers, the presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules.
The pet food processing equipment Market is projected to grow at a CAGR of 3.5% in the next six years to reach a market of $4.27 billion by 2022. The growth of the pet food processing equipment market is attributed to the increase in the global demand for pet food supplies, especially in growing economies such as China, Brazil, Argentina, and India, owing to a growing urbanization that has stimulated a desire to keep pets and has resulted in the increasing usage of processed pet food products; and advancements in the manufacturing processes and technologies.