The Latest Food Processing Industry Statistics Explained
The global food processing and handling equipment market size was USD 129.4 billion in 2019.
The statistic indicates that the total value of the global food processing and handling equipment market reached USD 129.4 billion in the year 2019. This figure represents the total revenue generated by the sales of equipment used in the processing and handling of food products worldwide during that year. The size of the market suggests that there is significant demand for such equipment, likely driven by factors such as population growth, changing consumer preferences, and technological advancements in the food industry. The statistic provides valuable insight into the scale and economic importance of the food processing and handling equipment industry within the global market.
According to IBIS World reports, the annual growth of the food processing industry in the US is about 1.2% during 2016 – 2021.
The statistic indicating that the annual growth of the food processing industry in the US is approximately 1.2% during the period of 2016 to 2021 reveals a moderate but steady rate of expansion within the sector over the specified five-year span. This growth rate suggests that the industry experienced incremental advancements in production efficiency, market demand, and overall economic performance during this time frame. While 1.2% may seem relatively modest, it demonstrates a consistent upward trend in the industry’s output and market value year over year, highlighting the resilience and sustainability of the food processing sector in the US economy.
China accounted for nearly 30% of Asia-Pacific’s food processing machinery market in 2019.
The statistic that “China accounted for nearly 30% of Asia-Pacific’s food processing machinery market in 2019” indicates the significant dominance of China in the regional market for food processing machinery during that year. It implies that China’s share of the food processing machinery market was substantial, reaching close to one-third of the total market size in the Asia-Pacific region. This suggests that China is a major player in the food processing industry, likely due to its large population and growing food industry. The statistic highlights China’s importance in the regional market and its leading position in supplying food processing machinery in the Asia-Pacific region.
Europe’s food processing machinery accounted for over 30% of the global market size in 2019.
The statistic indicates that Europe held a significant market share of over 30% in the global food processing machinery industry in 2019. This suggests that European countries had a strong presence and played a key role in the production and manufacturing of food processing machinery on a global scale. This could be attributed to various factors such as advanced technology, quality standards, innovation, and expertise in food processing equipment manufacturing within Europe. This high market share also highlights Europe’s competitiveness and leadership in the food processing machinery sector, positioning it as a major player in the global market.
About 13% of food produced globally is lost or wasted in supply chains.
The statistic “About 13% of food produced globally is lost or wasted in supply chains” indicates that a substantial portion of the food produced worldwide is not reaching consumers due to inefficiencies in the supply chain. This waste occurs at various stages, from harvesting and storage to transportation and retail. As a result, valuable resources such as water, land, and energy are also being wasted in the process. Addressing this issue is crucial not only for reducing economic losses but also for ensuring food security and sustainability in the face of increasing global food demand and environmental challenges. Efforts to improve supply chain management, reduce food waste, and promote sustainable consumption patterns are essential in tackling this issue and creating a more efficient and sustainable food system.
The total U.S. shipment value for the food processing industry was $747.3 billion in 2020.
The statistic ‘The total U.S. shipment value for the food processing industry was $747.3 billion in 2020’ indicates the total worth of products shipped by the food processing industry within the United States during the year 2020. This figure encompasses all goods produced and moved through the industry’s supply chain, including raw materials, intermediate products, and finished goods. The high value of $747.3 billion highlights the significant economic impact and scale of the food processing industry within the United States, demonstrating its importance in the national economy and global market. This statistic serves as a crucial indicator of the industry’s size, growth, and contribution to overall economic activity.
In India, the food processing sector has the potential to attract $33 billion of investment by 2024.
The statistic indicates that the food processing sector in India is expected to be an attractive destination for investment, with the potential to attract $33 billion by the year 2024. This suggests that there is a significant opportunity for businesses and investors to capitalize on the growth and development of the food processing industry in India. The forecasted investment amount reflects the confidence in the sector’s potential for expansion and increased economic activity, which could have positive implications for employment opportunities, technological advancements, and overall economic growth in the country.
The global food processing and handling equipment market is expected to reach USD 196.32 billion by 2027.
This statistic indicates the projected growth and size of the global food processing and handling equipment market, suggesting that it is expected to reach a value of USD 196.32 billion by the year 2027. This forecast likely reflects anticipated increases in demand for food processing and handling equipment worldwide, driven by various factors such as changing consumer preferences, technological advancements in equipment efficiency, and the increasing focus on food safety and quality by industry players. The projected market value serves as an important metric for industry stakeholders, investors, and policymakers to assess the growth potential and economic significance of the food processing and handling equipment sector within the global food industry landscape.
The bakery and confectionery segment represented almost 25.3% of the global food processing equipment market in 2019.
This statistic indicates that in 2019, the bakery and confectionery segment comprised nearly a quarter (25.3%) of the entire global food processing equipment market. This suggests that a substantial portion of the market for equipment used in food processing operations was dedicated to supporting the production and processing needs of bakery and confectionery products. The significance of this segment highlights the demand for specialized equipment tailored to the unique requirements and processes involved in the production of bakery and confectionery goods on a global scale. It also underscores the economic importance and growth potential of the bakery and confectionery industry within the broader food processing equipment market.
In 2018, the UK’s food and drink manufacturing sector contributed £31.1 billion to the economy.
The statistic that in 2018, the UK’s food and drink manufacturing sector contributed £31.1 billion to the economy indicates the significant economic impact of this sector on the UK. This figure represents the total value added to the economy by the production, processing, and distribution of food and beverages. The sector plays a crucial role in job creation, export revenue generation, and overall economic growth. The statistic highlights the importance of the food and drink manufacturing industry as a major contributor to the UK’s GDP, showcasing its scale and significance in driving economic activity and supporting livelihoods across the country.
The Brazilian food processing industry includes approximately 34,800 companies.
The statistic indicates that there are around 34,800 companies operating within the Brazilian food processing industry. This number reflects the extensive presence of food processing businesses in Brazil, highlighting the industry’s significant size and diversity. The large number of companies suggests a competitive environment within the sector, with a wide range of products and services being offered to meet consumer demand. This statistic also underscores the industry’s importance to the Brazilian economy, with these companies contributing to job creation, GDP growth, and overall economic development in the country.
Globally, the meat, poultry & seafood segment of the food processing equipment industry held over 25% share in 2019.
The statistic indicates that in 2019, the meat, poultry, and seafood segment of the food processing equipment industry accounted for more than a quarter (25%) of the market share globally. This suggests that the demand for food processing equipment within this particular sector was substantial compared to other segments within the industry. Factors such as increasing global population, changing dietary preferences, and growing disposable incomes may have contributed to this significant market share. This statistic highlights the importance and prominence of the meat, poultry, and seafood processing industry within the broader food processing equipment market landscape.
53% of the workforce in Turkey’s food and beverage industry are female.
The statistic that 53% of the workforce in Turkey’s food and beverage industry are female indicates that women make up a significant portion of the labor force in this particular sector. This gender distribution suggests a relatively balanced representation of men and women in this industry compared to other sectors where there may be more pronounced gender disparities. The higher presence of women in the food and beverage industry could be influenced by various factors such as cultural norms, job availability, and possible preferences for specific types of work. Understanding and examining the reasons behind this gender distribution can provide insights into gender dynamics within the workforce in Turkey and potential areas for targeted interventions to promote gender equality and diversity in the sector.
Germany’s food and beverage industry recorded turnover of €180.9 billion in 2018.
The statistic “Germany’s food and beverage industry recorded turnover of €180.9 billion in 2018” indicates the total revenue generated by the food and beverage sector within Germany for the given year. This metric encompassed sales of various food products, beverages, and associated services within the industry. The substantial turnover figure of €180.9 billion highlights the economic significance of the food and beverage sector in Germany, emphasizing its contribution to the overall economy through production, employment, and consumer spending. This statistic serves as a key indicator of the industry’s performance and market dynamics, reflecting the scale and growth potential of food and beverage businesses in Germany.
Mexico’s processed food industry reported sales of $155 billion (USD) in 2018.
The statistic indicates that Mexico’s processed food industry generated $155 billion in sales in 2018. This figure reflects the total revenue generated by the industry through the processing and sale of various food products within the country. The statistic provides insight into the significant economic contribution of the processed food sector to Mexico’s economy, highlighting the size and scale of the industry’s market value. This information can be utilized to analyze the industry’s growth trajectory, market trends, and overall impact on the national economy, serving as a valuable data point for policymakers, stakeholders, and researchers studying the food processing sector in Mexico.
The Middle East and Africa food processing equipment market is expected to reach USD 3,345.6 Million by 2025.
The statistic refers to the projected market value of food processing equipment in the Middle East and Africa region, estimated to reach USD 3,345.6 Million by the year 2025. This indicates an expected growth and demand for food processing equipment within the region over the next few years. The increase in market value suggests potential opportunities for manufacturers and suppliers in the food processing equipment industry to expand their operations and cater to the growing needs of the market in the Middle East and Africa. Factors contributing to this growth could include a rising population, increasing urbanization, changing consumer preferences, and advancements in technology driving the food processing sector forward in the region.
Conclusion
Overall, the food processing industry statistics highlight the significant growth and impact of this sector on economies worldwide. It is clear that the industry plays a crucial role in providing consumers with a diverse range of processed food products while also creating jobs and driving innovation. By staying informed about the latest trends and statistics in the food processing industry, stakeholders can make informed decisions and contribute to the continued success of this vital sector.
References
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