Global Food Preservation Equipment Market to Surpass $78.6 Billion by 2033 Driven by Efforts to Reduce Food Waste

According to recent analysis by Future Market Insights, the global food preservation equipment market is on a dynamic trajectory. It is poised to achieve a significant milestone by exceeding $78.6 billion by 2033. This progress is underpinned by a robust sales momentum, with a steady Compound Annual Growth Rate (CAGR) of 6.2% anticipated from 2023 to 2033.

A key catalyst propelling the global food preservation equipment industry is the growing emphasis on mitigating food waste, aligning with the overarching objective of enhancing global food security. This critical trend has already made a substantial impact and is expected to continue influencing the market’s trajectory over the forecast period.

Fundamentally, food preservation equipment encompasses a range of machinery designed to safeguard food products from detrimental effects such as microorganisms, temperature fluctuations, and other environmental factors. The widespread adoption of such equipment offers significant advantages to various industries, including extended shelf life of products, waste reduction, and prevention of foodborne illnesses.

Catalysts and Lucrative Avenues: Exploring the Food Preservation Equipment Market

In recent times, surging health consciousness and evolving lifestyles have given rise to heightened demand for protein-rich diets like meat and poultry, particularly in countries such as the United States, China, India, and the United Kingdom. This trend is driving the utilization of food preservation equipment across both industrial and domestic settings.

Simultaneously, the development of innovative food preservation equipment, bolstered by enhanced features and favorable governmental support, is poised to open lucrative vistas for manufacturers in the forecast period.

The escalating incidence of foodborne illnesses is another factor expected to positively impact the food preservation equipment market throughout the assessment period.

Key Insights from the Food Preservation Equipment Market Analysis:

• The forecast period spanning 2023 to 2033 is expected to witness the food preservation equipment market surge at a robust CAGR of 6.2%.
• In terms of product type, refrigerators hold a substantial share within the global food processing equipment industry.
• Within the end-user spectrum, the poultry industry is projected to exhibit healthy growth over the coming decade.
• The food preservation equipment market in North America currently holds a valuation of approximately $12.8 billion.
• The United States’ food preservation equipment market is estimated to be valued at around $8.2 billion.
• In India, food preservation equipment sales are poised to witness robust growth throughout the forecast period.

According to a leading analyst at FMI, “Escalating global food insecurity and robust growth in pivotal end-use sectors like poultry, seafood, and dairy are the primary factors fueling the demand for food preservation equipment.”

Leaders in the Arena:

Prominent manufacturers in the food preservation equipment sector encompass Alfa Laval, Wild Goose Canning Systems, Enterprise Tondelli, Vigo Ltd., Dixie Canner Co., Cask Brewing Systems Inc., Palmer-Tech Services, Inc., HOR YANG Machinery, Alpha Brewing Operations, Pneumatic Scale Angelus, Blenzor, Elecster Oyj, and Shanghai Triowin Intelligent Machinery.