According to the report, the size was valued at $53.69 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
The food processing and handling equipment market is exhibiting strong growth, with the rising demand for prepared food products globally, changes in consumer lifestyles, a transformative leap forward in technological capabilities and increasing investment opportunities in the food processing industry.
The new suite includes retort supervisory control (AllSet), tamper resistant data capture (AllLog) and retort and retort room automation machine control (AllView).