Emerging Markets: Plant-Based Food Processing Equipment Expected to Reach $7.79 Billion by 2030

Introduction: Meticulous Research® Report on Plant-Based Food Processing Equipment
Meticulous Research®, a globally recognized market research company, has published an extensive report titled “Plant-based Food Processing Equipment Market by Type (Dryers, Mixers & Grinders, Pasteurizers); by Mode of Operation (Semi-automatic, Automatic); by Production Facility Size (Small & Medium Scale, Large Scale); and Geography - Global Forecasts to 2030.” This report highlights the upcoming trends and forecasts for the global market.

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Market Forecast: Growth and Opportunities
The global plant-based food processing equipment market is projected to reach $7.79 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.2% between 2023 and 2030. This growth is primarily driven by the increasing demand for plant-based foods, continuous innovations in food processing technology, and growing investments in this sector. Nevertheless, the elevated cost of processing equipment for plant-based foods remains a significant hurdle, particularly for smaller companies attempting to enter the market.

Equipment Type Segmentation
Based on equipment type, the market is divided into dryers, mixers & grinders, extruders, pasteurizers, and other machines. Dryers are expected to dominate the market in 2023 due to their ability to improve product quality by reducing moisture content, which enhances the flavor, texture, and shelf life of plant-based food products. The increasing shift from traditional drying methods to advanced drying technologies is also contributing to this segment's growth.

Mode of Operation: Semi-automatic vs. Automatic
The plant-based food processing equipment market is also segmented by mode of operation into semi-automatic and automatic systems. The automatic systems segment is expected to grow at a higher rate due to the demand for efficient systems that increase productivity, reduce labor costs, and deliver consistent quality across large-scale production runs.

Production Facility Size
In 2023, small & medium-scale production facilities are projected to dominate the market, driven by government support and the growing number of small-to-medium enterprises (SMEs) in the plant-based food sector. These companies are increasingly adopting advanced equipment to boost productivity, lower operational costs, and enhance product profitability.

Geographical Insights: North American Market Leadership
North America is expected to account for the largest share of the global plant-based food processing equipment market in 2023. The region's dominance is attributed to the presence of numerous large-scale plant-based food manufacturers, the increasing number of SMEs in the sector, and growing consumer demand for vegan products. Moreover, advancements in processing technology and the adoption of automation solutions are driving market growth in this region.

Conclusion
The plant-based food processing equipment market is poised for substantial growth over the next decade. Key drivers include the rising demand for plant-based foods, innovations in processing technology, and government support for SMEs. However, high equipment costs remain a challenge. With North America leading the charge, the global market offers promising opportunities for businesses willing to invest in advanced technologies.

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Key Players:

The plant-based food processing equipment market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the plant-based food processing equipment market are Alfa Laval AB (Sweden), amixon GmbH (Germany), ANDRITZ AG (Austria), Bühler Group (Switzerland), Coperion GmbH (Germany), Clextral SAS (France), Duravant LLC (U.S.), Flottweg SE (Germany), GEA Group Aktiengesellschaft (Germany), Marel hf. (Iceland), SPX FLOW, Inc. (U.S.), and Tetra Pak (Switzerland).

Key Questions Answered in the Report-

  • What is the current value of revenue generated by the plant-based food processing equipment market?
  • At what rate is the demand for plant-based food processing equipment projected to grow for the next 5-7 years?
  • What was the historical market size and growth rate for the plant-based food processing equipment market?
  • What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
  • Which segments in terms of type, mode of operation, and production facility size have created major traction for the manufacturers in this market in recent years?
  • What are the key geographic trends in this market? Which regions/countries are expected to offer significant growth opportunities for plant-based food processing equipment manufacturers?
  • Who are the major players in the plant-based food processing equipment market? What are their specific product offerings in this market?
  • What recent developments have taken place in the plant-based food processing equipment market? What impact have these strategic developments created on the market?

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