Latin America Food Processing Equipment Market Size & Outlook
Latin America food processing equipment market, 2018-2030 (US$M)
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Latin America food processing equipment market highlights
- The Latin America food processing equipment market generated a revenue of USD 5,974.0 million in 2022.
- The market is expected to grow at a CAGR of 4% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 5,974.0 million |
| Market revenue in 2030 | USD 8,197.6 million |
| Growth rate | 4% (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, Latin America region accounted for 11.8% 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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Latin America 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 50.62% in 2022. Horizon Databook has segmented the Latin America food processing equipment market based on semi automatic, automatic covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the country where food and beverage industry contributes majorly in its economy. It is one of the leading countries, known for its production and export of agriculture products. Brazil is one of the major exporters of seafood, fish, fruits, tea, meat, fats and oil, cocoa etc.
The brazil food and beverage industry invests heavily in the industrial automation and had undergone various technological developments through its R&D capabilities. In 2015, the food processing industry accounted for 9.5% of country’s GDP. The State of Sao Paulo is one of the most attractive place for processing companies in Brazil.
According to ABIA, retail segment plays crucial role in food and beverage growth. As compared to economical & political instable the country had faced, the development of the industries and other associated field is appreciable.
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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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America food processing equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America food processing equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America food processing equipment market size, by country, 2018-2030 (US$M)
Latin America Food Processing Equipment Market Outlook Share, 2022 & 2030 (US$M)
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