The overall competitive landscape of the global food machinery industry.
2024.12.17
With the improvement of people's living standards, the public's demand for food varieties and quality requirements has also gradually increased. The food and packaging machinery industry has entered a stage of rapid development featuring product structure adjustment, quality improvement, and enhancement of technological innovation capabilities, and has achieved the transformation from primary processing to deep processing technologies and equipment. The pace of standardization and technologicalization of technological products has been continuously accelerating. During this stage, the technological level of China's food processing machinery industry has been continuously improving, and it has gradually begun to transform from the mode of introducing foreign technologies and producing small and medium-sized equipment to the mode of independent research and development and producing large complete sets of equipment.
In recent years, a number of key technological equipment in China has achieved new breakthroughs, and many whole-line and single-machine technological equipment with relatively high levels of intelligence, automation and greening have been launched.
Overall Competitive Landscape on a Global Scale
Globally, the market concentration of the food processing machinery manufacturing industry is relatively low. The major global enterprises include GEA Group, Bühler AG, Alfa Laval, Marel, Ali Group and JBT, etc. In 2022, the market share of the top five global enterprises was approximately 15.62%. This is caused by the rich variety of food worldwide, significant differences in dietary cultures among people in different regions, diverse functions of food machinery and equipment, and relatively large space for differentiated competition in the industry. It is expected that the industry competition will become even fiercer in the next few years.
As producers of food production and processing equipment, they need to possess strong research and development capabilities to meet the constantly increasing demand for high-end products in the industry. In the future, through sufficient market competition, the industry concentration will gradually increase. Some enterprises with core competitiveness will occupy an increasing market share relying on their technological innovation capabilities, market development capabilities, service capabilities and market reputation, while some other enterprises without core competitiveness will be gradually replaced by competitors.
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