Asia Pacific dominating surge in food equipment purchasing

The global food processing equipment market is expected to witness healthy growth, expanding at a CAGR of 6.7% during the forecast period 2017–2022, reaching more than AU$90,000 million revenue by the end of 2022, according to a recent Transparency Market Research report.

Who is buying what and why?

• Thermal equipment is most popular.
• The processed food sector is expected to buy more than the unprocessed food sector.
• The bakery and confectionery sectors are leading the way.
• The Asia Pacific excluding Japan (APEJ) region is expected to emerge as one of the dominating regions. It is estimated that the region will account for nearly two-fifths of the revenue share by the end of 2017.
• Semiautomatic equipment is expected to experience significant growth.
• Food processors are demanding more flexibility from their equipment.
• Demands for automation will continue to increase.
• Other equipment demands include safety, energy efficiency and lower maintenance costs.

Food processing equipment manufacturers are devising new strategies to establish their products in the market by integrating the latest technologies. Owing to the increasing adoption of green technologies, manufacturers are producing food processing equipment that is energy efficient and also saves operation and maintenance costs. In order to reduce carbon footprint, existing F&B companies are also replacing old equipment with new energy-efficient equipment. Increasing awareness of serious environmental concerns is driving food manufacturers to adopt more efficient approaches in food production practices.

Manufacturers are also focusing on self-generation of energy and using equipment that helps in their energy-saving strategies. Energy efficiency is often looked upon by food manufacturers when it comes to reducing production costs. Initiatives by the government, such as tax credit programs in various countries, are also boosting the use of green technologies.

Automation technologies are becoming critical in food processing equipment. Food manufacturers are moving towards adopting highly automated equipment that can save time and energy. Manufacturers are also developing smart food processing equipment that enables the operator to interact with the equipment, start the equipment, and diagnose problems or failures from anywhere, anytime. Moreover, some of the food processing manufacturers are also focusing on using virtual reality (VR) to enable the food manufacturers see the food processing equipment in action, view details and see if the equipment is able to meet their needs before purchase.

A sample of the research report is available or the full report can be purchased.