South Korea Food Processing Equipment Market Size & Outlook
South Korea food processing equipment market, 2018-2030 (US$M)
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South Korea food processing equipment market highlights
- The South Korea food processing equipment market generated a revenue of USD 1,852.2 million in 2022 and is expected to reach USD 2,541.5 million by 2030.
- The South Korea 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.
Food processing equipment market data book summary
| Market revenue in 2022 | USD 1,852.2 million |
| Market revenue in 2030 | USD 2,541.5 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Automatic |
| Fastest growing segment | Automatic |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Korea accounted for 3.6% of the global food processing equipment market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China food processing equipment market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,947.3 million by 2030.
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Food Processing Equipment Market Scope
Food Processing Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 50.45% in 2022. Horizon Databook has segmented the South Korea food processing equipment market based on semi automatic, automatic covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea’s food and drink industry are rapidly growing owing to boosts in China, and other parts of Asia. The industry has expanded in market scenario, as foreign investors are interested in investing in South Korea.
Moreover, the macroeconomic factors such as spending power, rising income, etc. favor the processing industry. In South Korea, from past few years, the consumers tend to spend high on eating out and processed food.
Reasons to subscribe to South Korea food processing equipment market databook:
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Target buyers of South Korea 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 country-level data and insights on the South Korea food processing equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Korea food processing equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea food processing equipment market size, by mode of operation, 2018-2030 (US$M)
South Korea Food Processing Equipment Market Outlook Share, 2022 & 2030 (US$M)
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