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Global food machinery industry NEWS2026-10-12
Industry News | 2024-11-27 19:00:00
Some important recent news in the global food machinery industry are as follows:
1. Global baking equipment market outlook:
The global baking and processing equipment market is expected to reach $19.5 billion by 2030, with a compound annual growth rate of 6.2%. This growth is driven by the growing demand for energy efficient and cost effective equipment.
2. The food processing and handling equipment market experienced significant growth:
According to MarketsandMarkets, the global food processing and handling equipment market is expected to grow from $130.6 billion in 2021 to $175.1 billion in 2026, a CAGR of 6%.
3. Marel acquires E+V Technology:
In April 2023, Marel acquired the operating assets of E+V Technology, a significant player in the food processing equipment segment, strengthening Marel's market position in the meat and poultry segment.
4. Food processing machinery market trends:
- Food processing machinery market trends include increased automation, reduced processing time, quality control, etc. The Asia-Pacific region is expected to experience the largest growth due to population growth and increasing demand.
These news reflect the latest developments in the food machinery industry in terms of automation, technological innovation and market expansion.