Asia Pacific Food Processing Equipment Market Size & Outlook
Asia Pacific food processing equipment market, 2018-2030 (US$M)
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Asia Pacific food processing equipment market highlights
- The Asia Pacific food processing equipment market generated a revenue of USD 17,743.3 million in 2022.
- The market is expected to grow at a CAGR of 4.5% from 2023 to 2030.
- In terms of segment, automatic was the largest revenue generating mode of operation in 2022.
- Automatic is the most lucrative mode of operation segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 17,743.3 million |
| Market revenue in 2030 | USD 25,311.4 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Automatic |
| Fastest growing segment | Automatic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Semi Automatic, Automatic |
| Key market players worldwide | Baader Bank AG., Marelli, Buhler Industries Inc, GEA Group AG, The Middleby Corp, Alfa Laval AB, Krones AG, John Bean Technologies Corp, SPX Technologies Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.9% of the global food processing equipment market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 25,311.4 million by 2030.
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Food Processing Equipment Market Scope
Food Processing Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific food processing equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food processing equipment market will help companies and investors design strategic landscapes.
Automatic was the largest segment with a revenue share of 50.5% in 2022. Horizon Databook has segmented the Asia Pacific food processing equipment market based on semi automatic, automatic covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is one of the fastest growing economy is prominent player in food processing equipment market majorly driven by China, India and other Asian countries. Malaysia, Indonesia, and Thailand are rest of the Asian countries within the scope of report.
For the period 2014-2017, various factors that affects the regional market for food processing industry are analyzed such as Housing Index, industrial production, GDP growth rate etc. factors, that directly impacts the market growth in the forecast period.
The macro-economic factor for Indian economy involves rising disposable income, rise in the spending power of middle class people, globalization and over dependence on automated technology favors the processing market directly or indirectly.
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Target buyers of Asia Pacific food processing equipment market databook
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Our clientele includes a mix of food processing equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific food processing equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific food processing equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific food processing equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Food Processing Equipment Market Outlook Share, 2022 & 2030 (US$M)
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