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

Q: What is the global market size of the South East Asia Food Processing Equipment Market?

Global 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).

Report ID: SQMIR20I2264 | Region: Regional | Published Date: March, 2024
Pages: 202 | Tables: 67 | Figures: 70

South East Asia Food Processing Equipment Market News

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 Market Report Snapshots

License Type Top market research company in USA

File Type

$3,500

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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).

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. 'Alfa Laval AB', 'Baader Group,', 'Buhler AG', '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.'

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.

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.

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

South East Asia Food Processing Equipment Market News

South East Asia Food Processing Equipment Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of South East Asia Food Processing Equipment Market?

Who are the key vendors in the South East Asia Food Processing Equipment Market?

What is the key driver of South East Asia Food Processing Equipment Market?

What is the key market trend for South East Asia Food Processing Equipment Market?

Which region accounted for the largest share in South East Asia Food Processing Equipment Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$3,500