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Plant-based Food Processing Equipment Market (2023-2030)

According to this latest publication from Meticulous Research®, the Plant-based Food Processing Equipment Market is projected to reach $7.79 billion by 2030 at a CAGR of 5.2% from 2023 to 2030.

Published
Apr 2023
Pages
134
Format
PDF + Excel
Report ID
MR-809
Base year
2022
Market size · USD billion · 2022–2030Forecast 2023–2030 · 5.2% CAGR
2030 · FORECAST
$7.79B
2030
$7.79B
CAGR 2023–2030
5.2%
$10B$7.5B$5B$2.5B0
2022
2023
'24
'25
'26
'27
'28
'29
'30

2022 baseline · 2023–2030 forecast at 5.2% CAGR · hover a bar for the value

Key highlights

01

The Dryers Segment to Dominate the Plant-based Food Processing Equipment Market in 2023

02

Automatic Segment to Witness Fastest Growth During Forecast Period

03

Small & Medium-scale Production Facilities Segment to Account for Larger Share in 2023

04

North America: The Dominating Regional Market

Report summary

ParticularsDetails
Base Year2022
Estimated Year2023
Forecast Period2023–2030
Market Size (2030)USD 7.79 billion
CAGR (2023–2030)5.2%
FormatPDF, Excel & Cloud Portal · 134 pages
Segments CoveredBy Type: Dryers, Mixers & Grinders, Pasteurizers, Extruders, Homogenizers, Ovens, Formers, Other Plant-based Food Processing Equipment · By Mode of Operation: Semi-automatic, Automatic · By Production Facility Size: Small & Medium Scale Production Facilities, Large Scale Production Facilities
Countries CoveredNorth America (Canada), Europe (Germany, France, U.K., Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific)
Key CompaniesAlfa Laval AB, ANDRITZ AG, Bühler Group, Coperion GmbH, Clextral SAS, Duravant LLC (U.S.), Flottweg SE, GEA Group Aktiengesellschaft, Marel hf, SPX FLOW, Inc. (U.S.), Tetra Pak

Report overview

Scope note

Segments covered: type, mode of operation, production facility size. Regions: North America, Europe, Asia-Pacific.

Plant-based food processing equipment refers to machinery and tools used to manufacture food products from plant-based ingredients. These equipment are designed to process and transform raw plant materials into a wide range of plant-based food products such as tofu, plant-based meat alternatives, dairy alternatives, and more. Plant-based food is one of the fastest-growing segments of the food industry. Plant-based dairy alternatives, meat alternatives, and plant-based beverages are among the commonly consumed plant-based foods. Plant-based foods are manufactured using various processes and consist of equipment such as extruders, mixers, dryers, fryers, coaters, ovens, and formers, among others.

The growth of this market is mainly attributed to the increasing demand for plant-based foods, innovations in plant-based food processing equipment, and increasing investments in the plant-based food processing industry. However, the high cost of food processing equipment restrains the growth of this market. Furthermore, advancements in plant-based food processing technologies are expected to create growth opportunities for the players operating in the plant-based food processing equipment market. However, the shortage of skilled labor is a major challenge for market growth.

Market dynamics

1 factors across 1 force
01

Innovations in Plant-based Food Processing Equipment

Advances in technologies are driving innovations in plant-based food processing equipment. Plant-based foods undergo various processes to replicate the texture, taste, and flavor of meat products. Such applications require the food processing equipment to have specific attributes. Innovations in the plant-based food processing equipment market are mainly focused on new extrusion equipment, mixers, pasteurizers, and dryers, to extend the shelf life of food products and impart the desired mouthfeel.

Moreover, high-pressure processing (HPP), a cold pasteurization technique, is an innovation that helps in the post-packaging process. It allows food products to retain their freshness and nutritional content and extends their shelf life.

Additionally, the players operating in the plant-based food processing equipment market are focusing on developing advanced offerings to meet the growing demand and enhance the quality of their customers’ products. For instance, in February 2021, Bühler AG launched the PolyCool 1000, a high-performance cooling die combined with an extruder. With the PolyCool 1000, it is possible to produce wet textured proteins using a wide range of raw materials, including soy, pulses, oilseeds, grains, and microalgae, at throughputs of up to 1,000 kilograms per hour. Also, in January 2021, Bühler AG (Switzerland) partnered with DIL Deutsches Institut für Lebensmitteltechnik e. V., to develop new production technologies for extruded alternative meat substitutes.

Furthermore, the rising demand for convenience foods has boosted the production of plant-based snacks, including burgers, schnitzels, and nuggets. However, processors of convenience foods face various challenges, including uneven coating of plant-based snacks, which may affect overall consumer acceptance. To overcome this challenge, equipment manufacturers increasingly focus on developing flexible coaters designed according to product requirements. For instance, in September 2022, Marel (Iceland) launched a 1000 mm Coating Line for flexible setups offering different products. The 1000 mm Coating Line features an active flour, batter, and tempura applicator, wider belts, and a more robust, fail-safe design. Mixing is one of the major challenges in processing plant-based foods, especially products with a sticky texture that does not flow easily and products that degrade with prolonged exposure to atmospheric oxygen. To overcome this challenge, equipment manufacturers have developed continuous mixers that enable smooth mixing with minimum product loss and have flexible, precisely adjustable settings depending on the product type.

Innovations that reduce equipment downtime by enhancing reliability and longevity can also improve facility throughput by increasing facility capacity utilization. Thus, innovations in plant-based food processing equipment are expected to drive the growth of this market.

 

Table of contents

12 chapters · 83 sections · 134 pages · click to expand
Review the full research scope before you buy. Chapters can also be purchased individually.

1.1Market Definition
1.2Market Ecosystem
1.3Currency
1.4Key Stakeholders

Segmental analysis

SegmentLargest share (2023)Fastest growth (2023–2030)
By TypeDryersMixers & grinders
By Mode of Operation——
By Production Facility SizeLarge market share of this—
01

By Type

  • The Dryers Segment to Dominate the Plant-based Food Processing Equipment Market in 2023
  • The dryers segment is expected to account for the largest share of the global plant-based food processing equipment market.
  • The large market share of this segment is attributed to benefits offered by dryers, such as improved hygiene & quality of final products.
  • In addition, the growing need for advanced equipment to replace traditional drying techniques also contributed to the growth of this segment.
  • However, the mixers & grinders segment is projected to register the highest CAGR during the forecast period.
CoversDryersMixers & GrindersPasteurizersExtrudersHomogenizersOvensFormersOther Plant-based Food Processing Equipment
02

By Mode of Operation

  • Automatic Segment to Witness Fastest Growth During Forecast Period
  • The automatic segment is expected to register a higher CAGR during the forecast period.
  • The growth of this segment is attributed to the growing need to increase productivity, the rising demand for highly efficient systems, and the increasing focus on reducing labor costs.
CoversSemi-automaticAutomatic
03

By Production Facility Size

  • Small & Medium-scale Production Facilities Segment to Account for Larger Share in 2023
  • The small & medium-scale production facilities segment is expected to account for the larger share of the global plant-based food processing equipment market.
  • The large market share of this segment is attributed to increased government support for developing small-scale processing enterprises and the increasing number of SMEs offering plant-based food products.
  • In addition, the benefits offered by plant-based food processing equipment, such as increased productivity, reduced labor costs, and high profitability, drive their adoption in small & medium-scale production facilities.
CoversSmall & Medium Scale Production FacilitiesLarge Scale Production Facilities

Geographic analysis

01

North America

Largest share
Canada

The plant-based food processing equipment market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the global plant-based food processing equipment market. The large share of this market is majorly attributed to the presence of major plant-based food manufacturers, the increasing number of plant-based food SMEs, the growing adoption of vegan food products, and rising R&D investments in plant-based food processing equipment. In addition, technological advancements and the growing need for automation in processing equipment are expected to drive the demand for plant-based food processing equipment in the region. North America: The Dominating Regional Market

02

Asia-Pacific

Fastest growth
China, India, Japan, Rest of Asia-Pacific

However, Asia-pacific is projected to register the highest CAGR during the forecast period.

Competitive landscape

Companies profiled (11)
  • Alfa Laval AB · Sweden
  • 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.)
  • Tetra Pak · Switzerland

Frequently asked questions

The plant-based food processing equipment market is projected to reach $7.79 billion by 2030, at a CAGR of 5.2% from 2023 to 2030.

Cite this report

Meticulous Research. (2023). Plant-based Food Processing Equipment Market - Global Opportunity Analysis and Industry Forecast (2023-2030) (Report No. MR-809). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/plant-based-food-processing-equipment-market-5493

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