According to Future Market Insights, the global food preservation equipment market size is expected to be valued at US$ 43.1 billion in 2022 and further expand at a healthy growth rate of 6.2% CAGR between 2023 and 2033. Total food preservation equipment sales are forecast to total a massive valuation of US$ 78.15 billion by 2033.
Rising focus on reducing food wastage as well as improving shelf life of processed food products and growing adoption across industries such as poultry, snacks, seafood, beverages, and dairy are the key factors driving food preservation equipment demand globally.
Future Market Insights says, Food preservation refers to a range of methods used to keep food from rotting after it has been made ready for consumption or has been produced. Initially, food products were preserved by using simple techniques such as drying, refrigeration, and fermentation.
However, with advancement in technology, new equipment was developed for performing modern preservation processes such as canning, pasteurisation, freezing, and irradiation. This food preservation equipment helps industries produce food products with better quality and extended shelf life.
Various types of food preservation machines are used by end users to preserve food products, depending on the specific requirements. For instance, machines like pasteurisers are used to kill all harmful organisms in milk and milk products, making them safe. Similarly, irradiation equipment is used to prevent or limit spoilage and the risk of foodborne illness.
Growing popularity and consumption of processed food products, increasing consumer spending on ready-to-cook meals, and surge in the export of food products are expected to boost food preservation sales during the projection period.
Leading food preservation equipment manufacturers are constantly innovating to introduce advanced preservation machines in the market. Various cutting-edge technologies are being integrated in food preservation machines to make them highly effective and user-friendly. This will revolutionise food preservation techniques across the world.
Food preservative equipment is essential to increase shelf life of processed food. This equipment is extensively being used across food manufacturing and processing industries to increase shelf life of products and prevent microbial growth. With rapid population growth and skyrocketing demand for processed or packaged food products, China may overtake the United States as the dominant market for food preservation equipment during the projected period.
These insights are based on a report Food Preservation Equipment Market by Future Market Insights.