Meticulous Research®—a leading global market research company, published a research report titled, ‘South East Asia Food Processing Equipment Market by Type (Meat Processing Equipment, Beverage Processing Equipment, Dairy Processing Equipment, Fruit and Vegetable Processing Equipment), Mode of Operation (Semi-Automatic, Automatic), and Geography—Forecast to 2031.’
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According to this latest publication from Meticulous Research®, the South East Asia food processing market is expected to record a CAGR of 5.6% from 2024 to 2031 to reach $5.57 billion by 2031. The growth of the South East Asia food processing equipment market is driven by the growing need to increase productivity, increasing demand for processed foods, food manufacturers’ increasing focus on reducing production costs, growing focus on food and worker safety, and government support to promote the food processing industry. However, the high cost of equipment and the consumers’ increasing inclination towards minimally processed food products restrain the growth of this market.
In addition, the rapidly growing plant-based and insect-based foods market is expected to generate growth opportunities for the players operating in this market. However, the lack of trained labor is a major challenge for market growth.
Key Players
The key players operating in the South East Asia food processing equipment market are Buhler AG (Switzerland), Marel HF (Iceland), GEA Group Aktiengesellschaft (Germany), Paul Mueller Company (U.S.), Heat and Control Inc. (U.S.), Alfa Laval AB (Sweden), The Middleby Corporation (U.S.), Tetra Pak International S.A. (Switzerland), Krones AG (Germany), Hosokawa Micron Group (Japan), Bucher Industries AG (Switzerland), John Bean Technologies Corporation (U.S.), Emura Food Machine Co., Ltd. (Japan), Yanagiya Machinery Co., Ltd (Japan), and Euroasia Food Equipment Sdn. Bhd. (Malaysia).
The South East Asia food processing equipment market is segmented based on type (meat, poultry, and seafood processing equipment; bakery processing equipment; beverage processing equipment; dairy processing equipment; chocolate and confectionery processing equipment; fruit and vegetable processing equipment; snacks processing equipment; and other food processing equipment), mode of operation (semi-automatic and automatic), and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.
Based on type, the South East Asia food processing equipment market is segmented into meat, poultry, and seafood processing equipment; bakery processing equipment; beverage processing equipment; dairy processing equipment; chocolate and confectionery processing equipment; fruit and vegetable processing equipment; snacks processing equipment; and other food processing equipment.
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In 2024, the meat, poultry, and seafood processing equipment segment is expected to account for the largest share of the South East Asia food processing equipment market. The large market share of this segment is attributed to the rapidly growing meat, poultry, and seafood processing industries, high demand for processed meat products, growing focus on food safety requirements of meat processors, and consumer preference for protein-rich food products. The consumption of processed meat products, such as bacon, ham, hotdogs, sausages, salami, corned beef, beef jerky, canned meat, and meat-based sauces, has increased rapidly in South East Asia.
Based on mode of operation, the South East Asia food processing equipment market is segmented into semi-automatic and automatic. In 2024, the semi-automatic segment is expected to account for the largest share of the South East Asia food processing equipment market. The segment’s large market share is attributed to the benefits offered by semi-automatic food processing equipment, such as improved labor productivity, flexibility in production processes, and technical & economic feasibility. However, the automatic segment is projected to register the highest CAGR in the South East Asia food processing equipment market during the forecast period of 2024–2031.
Based on geography, in 2024, Indonesia is expected to account for the largest share of the South East Asia food processing equipment market. Indonesia’s significant market share can be attributed to its growing food processing industry, driven by increasing urbanization, growing health awareness, and rising disposable income levels. Additionally, the rising number of small and medium-scale enterprises, coupled with supportive government initiatives aimed at promoting investments in the food processing industry, further supports the market’s growth in Indonesia.
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Key questions answered in the report:
• Which are the high-growth market segments in terms of type, mode of operation, and country?
• What is the historical market for food processing equipment in South East Asia?
• What are the market forecasts and estimates for the period of 2024 to 2031?
• What are the major drivers, restraints, challenges, and opportunities in the South East Asia food processing equipment market?
• What is the competitive landscape like?
• What are the recent developments in the South East Asia food processing equipment market?
• What are the different growth strategies adopted by the major players in the market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the emerging players in the South East Asia food processing equipment market, and how do they compete with other players?
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