Food & Beverage Processing Machinery

The Food & Beverage Processing Machinery Market Analysis Report provides a current analysis and five-year market forecast of the machinery and equipment market for processing meat – poultry and sausages; bakery – confectionary and chocolate; milling – rice, noodles, and pasta; fruits, vegetables, and nuts; dairy including cheese; beverage and liquids; seafood; and finally food service equipment. In addition to segments by geographic region, the report also breaks down the data by machine production (origin sales) and machine consumption (destination sales), and by application. The report also includes market sizes for the electrical equipment (automation and electrical components) used in food & beverage processing machinery.

Food & Beverage Processing Machinery Market Growth Primarily Driven by Long-term Trends

The market for food & beverage processing machinery and equipment is typically not volatile. Instead, market growth is driven by long-term trends such as consumer eating and drinking habits, new kind of foods, and health regulations. In many emerging countries, food is still manually prepared under doubtful hygienic conditions (street slaughtering, preparing, and cooking). As governments in such countries realize the risk and cost of health care due to infections, demand for investment in automated machinery will grow in these markets.

With the current COVID-19 pandemic, normal growth rates do not apply, and this machinery segment is facing a significant market decline as investments are delayed or cancelled. While most food & beverage processing machinery is sold to food & beverage producers, the segment food & beverage service equipment covers bakery ovens found in supermarkets or commercial kitchen equipment installed in restaurants, canteens, or hospitals. This is important when it comes to the forecast because by the time the pandemic ends, many restaurants and bars may have used up cash reserves or gone out of business completely. The forecast applied is a best-case scenario, and depending on how the pandemic will evolve and the still-ongoing trade wars between the USA and China, the pre-pandemic market volume may only be reached 2022 or even later.

The popularity of takeout food is growing. This trend will gain momentum after COVID-19 restrictions are loosened, even before a vaccine becomes available. Rather than eating in crowded restaurants, demand for takeout food will grow, driving investment in right-sized food service equipment.

Food & Beverage Processing Machinery Market Strategic Issues

In addition to providing current market data and a five-year market forecast, the Food & Beverage Processing Machinery Market Research Report addresses these key strategic issues:

Machine Builders: Monetize Industrial IoT with Remote Services Business Model

The technology is available, and demand is growing. Now is the time for machine builders to launch or expand their offerings of remote services. Skilled mechatronics service engineers are rare, especially in the remote locations around the world where machine builders deliver their equipment. Remote diagnostics can identify problems before they occur, and no provider can offer better service than the machine builder. A business model designed around remote services generates the much-desired aftersales revenue stream and helps maintain regular contact with faraway customers.

Automation Suppliers: Embrace International Standards

As new technical standards emerge and existing standards consolidate, automation suppliers should add support for true international standards like OPC UA, including the new Pub-Sub scheme for field-level communication, which likely will become part of a universally accepted industrial network. The more machine builders offer widely accepted standards, the less end users will insist on a specific brand of automation system.

End Users: Realize the Digital Transformation with Partners

As end users develop their digitalization strategies, they should work closely with their technology partners by mapping their future digitalization requirements to Industrial IoT features offered. These features might include diagnostics, analytics, and artificial intelligence and may be supported by additional hardware for edge and cloud computing and smart sensors. To achieve this, it will be necessary to work closer with machine builders and automation suppliers than was previously necessary. Digitalization strategies are still evolving, so it’s important to start with a well thought-out, long-term vision.