Southeast Asia Food Processing Equipment Market - Forecast(2022 - 2027)

Report Code: FBR 62774 Report Format: PDF + Excel

Southeast Asia Food Processing Equipment Market Overview

The Southeast Asia Food Processing Equipment market size is estimated to reach $1.7 billion by 2027, growing at a CAGR of 4.6% during the forecast period 2022-2027. Food processing equipment is used to change the various raw ingredients into food products that can be consumed by the customers. The devices help create attractive and delicious food products from slaughtered, butchered or harvested food ingredients. Some of the key food processing equipment used by the industry include dough mixers, ovens, pasteurizers, filtration equipment, depositors, brewery equipment, and carbonation equipment. These devices can be used for various applications such as bakery processing, dairy processing, beverage processing and meat processing. The rapid rise in urbanization in the region is driving the market for food processing equipment in Southeast Asia. However, high equipment cost is projected to challenge demand generation during the forecast period.

Report Coverage

The report: “Southeast Asia Food Processing Equipment Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Southeast Asia Food Processing Equipment Market.

By Type: Meat, Poultry, and Seafood Processing Equipment, Bakery Processing Equipment. Beverage Processing Equipment, Dairy Processing Equipment, Chocolate and Confectionery Processing Equipment, Fruits and Vegetables Processing Equipment, and Other Food Processing Equipment.
By Mode of Operation: Automatic and Semi-Automatic.
By Geography: Indonesia, Thailand, Malaysia, Philippines, Vietnam, Singapore and Rest of Southeast Asia.

Key Takeaways

  • Geographically, the Indonesian Food Processing Equipment market accounted for the largest share in 2021 owing to the rapid rise in population and tourism in the country.
  • An increase in disposable income is driving the demand for Food Processing Equipment in Southeast Asia during the forecast period. However, the Covid-19 pandemic and the subsequent restrictions is anticipated to challenge market growth.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Southeast Asia Food Processing Equipment Market Report.

Southeast Asia Food Processing Equipment Market Share, By Mode of Operation, 2021(%)

Food Processing Equipment Market

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Southeast Asia Food Processing Equipment Market Segment Analysis-By Type

The Southeast Asia Food Processing Equipment Market based on Type can be further segmented into Meat, Poultry, and Seafood Processing Equipment, Bakery Processing Equipment. Beverage Processing Equipment, Dairy Processing Equipment, Chocolate and Confectionery Processing Equipment, Fruits and Vegetables Processing Equipment, and Other Food Processing Equipment. The Meat, Poultry, and Seafood Processing Equipment segment accounted for the largest share of the market in 2021. The rapid growth of this segment is attributed to the rising consumption of protein-rich meat products by the urban population. Moreover, the increasing popularity of processed meat products such as hotdogs, sausages, salami and beef jerky are further driving the segment’s growth. The Fruits and Vegetables Processing Equipment segment is also anticipated to witness significant growth at a CAGR of 5.1% during the forecast period owing to the rise in health consciousness among the population during the Covid-19 pandemic.

Southeast Asia Food Processing Equipment Market Segment Analysis-By Mode of Operation

Based on Mode of Operation, the Southeast Asia Food Processing Equipment Market is segmented into Automatic and Semi-Automatic. The semi-automatic segment is anticipated to have the largest share of the market in 2021 and is poised to dominate the market during the forecast period 2022-2027. This is attributed to the high availability and low cost of labor in Southeast Asia, which makes operating cheap, but labor-intensive semi-automatic food processing equipment economical for the manufacturers. However, the Automatic Food Processing Equipment segment is projected to grow the fastest at a CAGR of 5.3% owing to the surge in demand for food products in the region. Even though automatic equipment is much more expensive, they are highly efficient. This enables the manufacturers to increase production to meet the growing demand.

Southeast Asia Food Processing Equipment Market Segment Analysis-By Geography

The Southeast Asia Food Processing Equipment Market based on Geography can be segmented into Indonesia, Thailand, Malaysia, Philippines, Vietnam, Singapore and Rest of Southeast Asia. The Indonesian segment is projected to dominate the Southeast Asia food processing equipment market during the forecast period 2022-2027 with a market share of 27% owing to the rising population, rapid urbanization, growing tourist arrivals and increasing disposable income in the country. For instance, the Indonesian population increased from less than 211.5 million in 2000 to around 273.5 million in 2020. The high population growth is increasing food consumption in the region, thereby generating demand for processing equipment. The Vietnamese market is predicted to register the fastest growth owing to the increase in economic progress and growing demand for processed seafood products in the country.

Southeast Asia Food Processing Equipment Market Drivers

Increase in Urbanization is Projected to Drive Market Growth.

The rapid urbanization in major Southeast Asian countries is driving the demand for food processing equipment as the urban population tends to spend more on food products than the rural population. According to the World Bank, the proportion of urban population in Indonesia increased from 42.0% in 2000 to around 56.6% in 2020. Furthermore, the urban population of Vietnam escalated from less than 24.4% in 2000 to 37.3% in 2020, while the Malaysian urban population increased from 62% in 2000 to 77.2% in 2020. 

Rise in Economic Development is Anticipated to Boost Product Demand.

The rising disposable income in Southeast Asia owing to rapid economic development is driving the market for food processing equipment during the forecast period. For instance, according to the World Bank, the per capita GDP increased by 2.7 times between 2002 and 2018. The value reached more than $2700 in 2019, enabling more than 45 million people to be lifted out of poverty. Moreover, the Vietnamese economy remained highly resilient to the Covid-19 pandemic as the GDP grew by 2.9% in 2020 and it is projected to grow at a rate of 6.6% in 2021.

Southeast Asia Food Processing Equipment Market Challenges

The High Cost of Food Processing Equipment is Anticipated to Hamper Market Growth.

The high cost of some of the equipment necessary for food processing is challenging demand generation in Southeast Asia. For instance, the cost of brewing equipment necessary for manufacturing some beverages can reach between $100,000 to $1,000,000. Moreover, industrial pasteurizer equipment for dairy product manufacturing can reach between $18,000 and $62,000. This is a major challenge as majority of the food processors in the region are small-scale manufacturers. The high initial investment costs make the equipment unaffordable to the vast number of customers. Moreover, the availability of abundant cheap labor in the region further decreases the demand for expensive machinery in plants.

Reduction in Tourist Arrivals is Projected to Limit Growth Opportunities

The tourism industry is a significant contributor to the Southeast Asian economy. Moreover, tourists purchase and consume a large amounts of traditional food products such as confectioneries, chocolates, native seafood, and fruits. The travel restrictions owing to the Covid-19 pandemic have drastically reduced tourist footfall in the region. This is challenging market growth during the forecast period. For instance, the number of foreign tourists vising Indonesia decreased by 15.1% to 126,500 in 2021. The number of arrivals by air in Bali, the center of the Indonesian tourism industry, reduced by 100% to almost 0, while the number of visitors to Jakarta dropped by 45.4% to 4,081. The tourism industry of other Southeast Asian countries such as Malaysia, Singapore, the Philippines, and Thailand, and Vietnam also suffered owing to the pandemic.

Southeast Asia Food Processing Equipment Market Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Southeast Asia Food Processing Equipment Market. The top 10 companies in of the industry are-

  1. Alfa Laval
  2. Auto Kinetics 
  3. BAADER Group
  4. Bucher Industries AG
  5. Buhler AG
  6. Emura Food Machine
  7. Euroasia Food Equipment sdn bhd
  8. GEA Farm Technologies
  9. Gold Peg International
  10. Heat and Control

Partnerships/Product Launches:

  • In February 2020, Buhler group and Givaudan announced a partnership for opening a unique innovation center dedicated to plant-based food in Singapore. The new facility will be jointly run by the two companies, bringing together a pilot plant featuring Buhler extrusion and processing equipment and a kitchen and flavor laboratory by Givaudan. The Innovation Center will welcome food processing companies, start-ups and university researchers looking to develop novel plant-based food products.
  •  In April 2021, Buhler Group announced a new integrated rice mill concept optimized for Southeast Asia’s rice varieties. The Uniline rice mill is already available for orders in Southeast Asia in three capacity options: 5 tons per hour (t/h), 8t/h and 10t/h.
  • In April 2021, BAADER Group announced the launch of a new machine capable of separating soft and solid protein components. The BADDER 608 helps produce the highest-quality ground meat that is free of bone, cartilage, and sinews.

Relevant Links:

Food Processing Machinery Market – Forecast (2022 - 2027)
Report Code: FBR 0242

Processed Seafood & Seafood Processing Equipment Market – Forecast (2022 - 2027)
Report Code: FBR 76622

For more Food and Beverage Market related reports, please click here

1. Southeast Asia Food Processing Equipment Market - Overview
    1.1 Definitions and Scope
2. Southeast Asia Food Processing Equipment Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Type
    2.3 Key trends by Mode of Operation
    2.4 Key trends by Geography
3. Southeast Asia Food Processing Equipment Market – Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis – Average Selling Price
4. Southeast Asia Food Processing Equipment Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Southeast Asia Food Processing Equipment Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Southeast Asia Food Processing Equipment Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Southeast Asia Food Processing Equipment Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Southeast Asia Food Processing Equipment Market – By Type (Market Size –$Million/$Billion)
    8.1 Meat, Poultry, and Seafood Processing Equipment
        8.1.1 Cutters and Grinders
        8.1.2 Smokers, Massagers, and Tumblers
        8.1.3 Mixers
        8.1.4 Tenderizers
        8.1.5 Killing and Defeathering Equipment
        8.1.6 Slicers
        8.1.7 Evisceration Equipment
        8.1.8 Cookers, Roasters, and Grillers
        8.1.9 De-heading and Gutting Equipment
        8.1.10 Filleting Equipment
        8.1.11 Others
    8.2 Bakery Processing Equipment
        8.2.1 Ovens and Proofers
        8.2.2 Dough Mixers
        8.2.3 Molders and Sheeters
        8.2.4 Dividers and Rounders
        8.2.5 Depositors
        8.2.6 Others
    8.3 Beverage Processing Equipment
        8.3.1 Brewery Equipment
        8.3.2 Filtration Equipment
        8.3.3 Carbonation Equipment
        8.3.4 Blenders and Mixers
        8.3.5 Others
    8.4 Dairy Processing Equipment
        8.4.1 Pasteurizers
        8.4.2 Homogenizers
        8.4.3 Separators
        8.4.4 Evaporators and Drying equipment
        8.4.5 Membrane Filtration Equipment
        8.4.6 Others
    8.5 Chocolate and Confectionery Processing Equipment
        8.5.1 Depositors
        8.5.2 Formers
        8.5.3 Coating and Spraying Systems
        8.5.4 Mixers
        8.5.5 Coolers
        8.5.6 Others
    8.6 Fruits and Vegetables Processing Equipment
        8.6.1 Juice Extractors
        8.6.2 Peelers, Cutters, and Pulpers
        8.6.3 Dryers
        8.6.4 Evaporators
        8.6.5 Others
    8.7 Other Food Processing Equipment
9. Southeast Asia Food Processing Equipment Market – By Mode of Operation (Market Size –$Million/$Billion)
    9.1 Automatic
    9.2 Semi-Automatic
10. Southeast Asia Food Processing Equipment Market - By Geography (Market Size –$Million/$Billion)
    10.1 Indonesia
    10.2 Thailand
    10.3 Malaysia
    10.4 Philippines
    10.5 Vietnam
    10.6 Singapore
    10.7 Rest of Southeast Asia
11. Southeast Asia Food Processing Equipment Market - Entropy
12. Southeast Asia Food Processing Equipment Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Market Share by Countries – Key Companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Southeast Asia Food Processing Equipment Market – Key Company List by Country Premium Premium
14. Southeast Asia Food Processing Equipment Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
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