Southeast Asia Food Processing Equipment Industry global analysis, share, trends, opportunities and forecasts by 2025

Southeast Asia Food Processing Equipment Market was pegged at $993.9 million and is estimated to reach $1,434.9 million by 2025, registering a CAGR of 4.7%

PORTLAND, OREGON, UNITED STATES, September 20, 2022 /EINPresswire.com/ -- The demand for processed food has increased due to rapid change in the lifestyle of people globally. Thus, the food processing companies have upgraded the machineries, which can offer high processing capacity to meet the growth in demand. Moreover, manufacturers have focused on customer needs while maintaining the global quality standards. Furthermore, surge in demand for processed quality food is expected to be the major factor that drives the growth of the Southeast Asia food processing equipment market.

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The meat, poultry, and seafood processing equipment was dominant segment in 2017 due to the rise in meat consumption in regions such as Indonesia, Philippines, Vietnam, and Malaysia. According to Food and Agriculture Organization (FAO), consumption of meat has been growing at 5 - 6% per annum as compared to 3.4 - 3.8% for milk and dairy products during 2015 - 2020. The bakery processing equipment segment is expected to witness higher growth rate as compared to others, growing at a CAGR of 6.3% through the forecast period.

Major market players
The key players analyzed in the report include Alfa Laval AB, Baader Group, Buhler AG, Euroasia Food Equipment Sdn Bhd, Gold Peg International Pty Ltd, Keto Agricultural Engineering Sdn. Bhd., Krones AG, Marlen International, Inc., Paul Mueller Company, The Middleby Corporation, Yanagiya Machinery Co., Ltd., Auto Kinetics (M) Sdn Bhd, Bucher Industries AG, Emura Food Machine Co., Ltd., GEA Group AG, Heat and Control Inc., Key Technology Inc., Marel HF, Nichimo International Inc., Tetra Pak International S.A., and Topsteel Holdings Pte Ltd.

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Bakery processing equipment segment to manifest fastest growth by 2025
The bakery processing equipment segment is expected to portray the fastest CAGR of 6.3% during the forecast period, owing to change in lifestyle and high disposable income of the population. However, meat, poultry, and seafood processing equipment segment held the largest share in 2017, contributing about 48% of the total market revenue, as these equipment facilitate in retaining maximum nutrients and sensory properties as well as help extend the shelf life of food without impacting the food quality. Other segments, such as beverage processing equipment, dairy processing equipment, chocolate, and confectionery processing equipment, fruits and vegetable processing equipment, other food processing equipment are analyzed in the report.

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Indonesia to create lucrative opportunities through 2025
Indonesia held the largest share in 2017, contributing about 41% of the total market, owing to the large population base of millennials who have adopted foreign dietary habits on account of increased traveling and influence of social media. Moreover, the region is expected to register the fastest CAGR of 5.2% during the study period. The other regions analyzed in the report include Thailand, Malaysia, Philippines, Vietnam, Singapore, and rest of South-East Asia.

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