Food Machinery Market Witnessing Benefits of Rising Sedentary Lifestyle

The global food product machinery market reached a value of nearly $39,048.49 million in 2023, having grown at a compound annual growth rate (CAGR) of 4.74% since 2018. The market is projected to expand further, reaching $53,779.38 million by 2028 at a growth rate of 6.61%. From 2028, it is expected to grow at a CAGR of 5.52%, achieving a value of $70,339.16 million by 2033. This growth in the historic period was driven by factors such as increased disposable income per capita, strong economic growth in emerging markets, rising consumption of bakery and dairy products, and a heightened preference for ready-to-eat meals. However, the shortage of skilled workforce acted as a constraint during this time.

Looking forward, the market is set to benefit from increasing urbanization, the expansion of the e-commerce sector, the rising demand for processed and packaged foods, government incentives for the food processing industry, and the continued growth of the food and beverage sector. Urbanization is expected to be a key factor, as the growing number of people living in cities drives demand for packaged and processed meals that cater to busy lifestyles. This shift requires manufacturers to invest in advanced machinery capable of producing high-quality, ready-to-eat products efficiently. As urban populations rise—from 56.9% of the global population in 2023 to a projected 68% by 2050, according to the United Nations Department of Economic and Social Affairs—modern food processing equipment will become increasingly necessary to meet these demands.

Additionally, major companies in the food product machinery market are introducing innovations to enhance efficiency and reduce waste. One such example is Tetra Pak's launch of the Tetra Pak Industrial Protein Mixer in June 2024. This advanced solution addresses challenges like foaming in liquid protein mixing by incorporating automation and multi-step processes to minimize air ingress. This design not only reduces product loss but also optimizes the handling of high-value protein powders, improving productivity for manufacturers. These innovations highlight the industry’s focus on meeting the growing demand for quality protein-based products while enhancing operational efficiency.

While the market holds strong growth prospects, challenges such as the high costs associated with food product machinery could hinder its expansion. Nonetheless, the increasing urbanization, coupled with technological advancements and the rise of the e-commerce industry, is expected to drive sustained growth. The introduction of innovative solutions like Tetra Pak’s mixer underscores the industry’s commitment to addressing evolving consumer demands and improving efficiency, positioning the food product machinery market for significant development in the coming years.