USD 2.66 billion
South East Asia Food Processing Equipment Market Size, Share, Growth Analysis, By Type(Meat, poultry, and sea food processing equipment; bakery processing equipment; beverage processing equipment; chocolate and confectionery processing equipment; dairy processing equipment; and others), By Region(South East Asia (Indonesia, Malaysia, Thailand, Philippines), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR20I2264 |
Region:
Regional |
Published Date: March, 2024
Pages:
202
|Tables:
67
|Figures:
70
South East Asia Food Processing Equipment Market Insights
South East Asia Food Processing Equipment Market was valued at USD 2.66 billion in 2021, and is expected to rise from USD 2.82 billion in 2022 to reach a value of USD 4.61 billion by 2030, at a CAGR of 6.30% during the forecast period (2023–2030).
Food processing is a set of unit operations that converts unprocessed food into food products with a longer shelf life and allows storage, thereby eliminating or reducing the time or effort spent on culinary procedures in order to increase consumption. The food processing equipment is utilized to convert multiple raw ingredients into food products that users can consume. The devices aid in the formation of appealing and mouth-watering food products from slaughtered, butchered, or harvested food ingredients. Some of the most common function by which food processing equipment are grouped include preparation, mechanical processing, heat processing, preservation, and packaging. Some equipment used by the food industry are ovens, mixers, filtration equipment, brewery equipment, and others. The Southeast Asia food processing equipment market is anticipated to grow during the analysis period due to increasing disposable income, greater preference for processed foods, and the tapping need to replace old equipment. However, the increased cost of machines, as well as stringent regulations and international quality standards, are impeding market growth.
South East Asia Food Processing Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023–2030
Global Market Size
Largest Segment
Meat, poultry, and sea food processing equipment
Fastest Growth
Meat, poultry, and sea food processing equipment
Growth Rate
6.30% CAGR
South East Asia Food Processing Equipment Market, 2022-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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South East Asia Food Processing Equipment Market Segmental Analysis
The South East Asia food processing equipment market is segmented on the basis of type, and region. Based on type, south-east Asia food processing equipment market is segmented into meat, poultry, and sea food processing equipment; bakery processing equipment; beverage processing equipment; chocolate and confectionery processing equipment; dairy processing equipment; and others. In terms of region, the South East Asia food processing equipment market is widespread into Indonesia, Malaysia, Thailand, Philippines, Vietnam, Singapore, and others.
South East Asia Food Processing Equipment Market Analysis by Type
Based on type, the South-east Asia food processing equipment market is segmented into meat, poultry, and sea food processing equipment; bakery processing equipment; beverage processing equipment; chocolate and confectionery processing equipment; dairy processing equipment; and others. The Meat, poultry, and seafood processing equipment segment is widely believed to generate the largest revenue in the market during the forecast period. The steadily developing meat, poultry, and seafood processing industry in the region, as well as their growing penetration by Southeast Asian meat processors, will encourage the expansion of the sales of such equipment. Additionally, the rise in need to meet the growing demands for processed meat products due to rapid industrialization, demographic change, and consumer preference for protein-rich food products will further help this region generate high revenues in the coming years. Southeast Asia's consumption of processed meat products such as bacon, ham, hotdogs, sausages, salami, corned beef, beef jerky, canned meat, and meat-based sauces is growing massively since the past few years.
The demand for chocolate and confectionery processing equipment is expected to rise significantly in the coming years, attributed to the growing need to produce high-value confectionery products under cost-pressure. Moreover, the rising need to optimize energy efficiency; and the growing confectionery industry as an outcome of economic factors, sociological trends, promoting health consciousness, and a fast-changing indulgence seeking consumer behaviour are further expected to help this segment generate the fastest growing rate in the future.
South East Asia Food Processing Equipment Market By Type, 2021 (%)
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South East Asia Food Processing Equipment Market Regional Insights
Indonesia is anticipated to capture a significant share in the market during the aforementioned prediction period and is also expected to register the highest CAGR in the Southeast Asia food processing equipment market. Due to the rising Indonesian population, steadily increasing urbanisation, better understanding of health and lifestyle products, income growth, and a growing Indonesian tourism industry, a large share of Indonesia is supported by a massive and expanding processed food industry. The growing number of food processing units is driving this market even further. Furthermore, sales in Indonesia are increasing as a result of the development of a larger modern food retail industry and evolving consumer tastes and preferences, which are expected to expand the market for higher-value foods such as chilled and frozen meat.
South East Asia Food Processing Equipment Market By Geography, 2022-2028
- Largest
- Fastest
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South East Asia Food Processing Equipment Market Dynamics
South East Asia Food Processing Equipment Market Driver
Increase in Popularity for Food Products to Augment Growth
- Urban growth in Southeast Asian countries is all because of the rise in consumption of processed foods. As per World Bank, the urban population in Indonesia is expected to increase at 57.29% in 2021. The most economically advanced countries (Brunei, Malaysia, and Singapore) have high levels of urbanisation. This economic development phenomenon makes a significant contribution to higher standards of living as well as income growth, which stimulates processed food consumption and production, and hence increasing demand for food processing equipment from food processors during the analysis period.
South East Asia Food Processing Equipment Market Restraint
High Initial and Maintenance Costs may Cause Hindrance
- Manufacturers of Industrial Food Processing Equipment (IFPE) face significant barriers in the production of high-quality machinery, which is burdensome during the whole process of manufacturing. Aspects such as highly unstable raw material prices, demand for production facilities to be installed close to customers to ensure minimal transportation costs, and the necessity for continuous research and development and investment in emerging technology force equipment manufacturers to invest more, likely to raise the final price of equipment and makes it very difficult for food processors, particularly small and medium-sized food processors, to afford the equipment. This is limiting the potential growth for the Southeast Asia food processing equipment market.
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South East Asia Food Processing Equipment Market Competitive Landscape
The South East Asia food processing equipment market is highly competitive in nature owing to the increase in demand. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
South East Asia Food Processing Equipment Market Top Player's Company Profiles
- Gold Peg International Pty Ltd
- Euroasia Food Equipment Sdn Bhd
- Marlen International, Inc.
- Paul Mueller Company
- The Middleby Corporation
- Yanagiya Machinery Co., Ltd.
- Auto Kinetics (M) Sdn Bhd
- Bucher Industries AG
- GEA Group AG
- Heat and Control Inc.
- Key Technology Inc.
- Nichimo International Inc.
South East Asia Food Processing Equipment Market Recent Developments
- In October 2022, Herbalife Nutrition, a premier global nutrition company and the Herbalife Nutrition Foundation joined the Global Food Banking Network to Battle Food Insecurity. This new partnership aims to address the global challenges of hunger, food insecurity, and malnutrition.
- In March 2022, Protenga, an insect-based protein company in Malaysia, raised $2 million to develop its new production facilities and launch its own pet food brand, YumGrubs.
South East Asia Food Processing Equipment Key Market Trends
- Increased advancement of technologies is resulting in lower energy consumption and waste generation, and in turn offering lucrative business opportunities for the Southeast Asia market to expand the business of food processing equipment.
South East Asia Food Processing Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our south east Asia food processing equipment market analysis, increased demand for prepared fresh products coupled with growing concerns about food safety are driving the growth of south-east Asia food processing equipment market during the prediction period. Unfortunately, the government's implementation of certain standards for food processing machinery impacts market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 2.66 billion |
| Market size value in 2030 | USD 4.61 billion |
| Growth Rate | 6.30% |
| Base year | 2023 |
| Forecast period | 2023–2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on South East Asia Food Processing Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on South East Asia Food Processing Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the South East Asia Food Processing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the South East Asia Food Processing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the South East Asia Food Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the South East Asia Food Processing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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