The global food-grade mixing tank market size is expected to be valued at USD 550.2 million in 2023. Furthermore, with growing adoption across industries like food & beverages, confectionery, and dairy, the overall sales of food-grade mixing tanks are projected to rise at 8.8% CAGR between 2023 and 2033, totaling a valuation of USD 1,278.8 Million by 2033.
A food-grade mixing tank is a big container with an agitator that is used to mix different types of liquid or semi-liquid food ingredients. Food mixer tanks aid in the homogenization of two or more food components to the desired consistency for an end product. They are being increasingly used in the beverage, dairy, and confectionery industries to thoroughly mix products on large scales.
A scraper is included in the built-in tank of a food-grade mixing tank to scrape away any debris that attaches to the wall during the mixing process. Some food-grade mixing tanks additionally use heat to thoroughly homogenize the contents of the tank; this sort of food mixer tank is commonly seen in the confectionery and baking industries.
Adoption of food-grade mixing tanks provide various benefits to food manufacturing and processing industries. For instance, they yield higher quality and homogenized mixtures with less effort, reduce mixing times, eliminate the risk of contamination, and allow industries to streamline their production process.
Increasing usage of advanced processing technologies such as food-grade mixing tanks across food manufacturing companies to meet rising food demand is acting as a catalyst triggering the growth of food-grade mixing tank market and the trend is likely to continue during the forecast period.
Similarly, the introduction of highly efficient food-grade mixing tanks will further aid in the expansion of the global market over the next ten years. Key manufacturers of food-grade mixing tanks are focusing on developing advanced products that are fast, highly efficient, cost-effective, and require zero in-tank maintenance.
Attribute | Key Statistics |
---|---|
Food-Grade Mixing Tank Market Value (2023) | USD 550.2 Million |
Projected Market Value (2033) | USD 1,278.8 Million |
Value-based CAGR (2023 to 2033) | 8.8% |
Regionally, due to the presence of strict rules governing the quality and safety of food, both for domestic consumption and exports, North America dominates the global food-grade mixing tank market with a share of around 38%. The North America food-grade mixing tank market size reached USD 209.1 Million in 2023 and it is likely to exhibit a strong growth rate during the projection period.
The food-grade mixing tank market in Europe is currently valued at USD 176.1 Million and it holds around 32% share of the world food-grade mixing tank market. Rising demand for fast food and beverages due to aggressive advertisement by the food and beverage industry and rapid expansion of the dairy industry is pushing demand for food-grade mixing tanks across Europe.
However, with a rapidly growing population and exponential growth of food & beverage, bakery, and dairy sectors, Asia Pacific is likely to emerge as the fastest-growing market for food-grade mixing tanks, surpassing a valuation of USD 99.0 Million in 2023.
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The global demand for food-grade mixing tanks is anticipated to grow at 8.8% CAGR between 2023 and 2033 in comparison to the 6.5% CAGR registered during the historical period from 2018 to 2022.
The rapid expansion of food & beverage, bakery, dairy, and confectionery industries across the world and subsequent usage of mixing tanks across these sectors are some of the key factors driving the global food-grade mixing tank market.
Similarly, increasing penetration of automation in the food manufacturing industry and growing consumer preference towards processed foods due to busy lifestyles and increasing disposable income are expected to push the demand for food-grade mixing tanks during the projection period.
In addition, advancements in food mixing technology, new product launches by key players, and the rising focus of food manufacturers to increase their productivity will further expand the global food-grade mixing tank market size over the next decade.
Rapid Growth of End-Use Industries and Growing Focus Toward Improving Food Hygiene to Boost Market During the Next Ten Years
According to FMI, massive growth in the beverage, dairy, and confectionery industries due to the rapidly growing population, changing lifestyles, and increasing consumption of processed foods and beverages, is likely to boost the global food-grade mixing tank market during the forecast period.
As the demand in the dairy, confectionery and bakery industries grows, food service organizations are focusing their efforts on providing quality products to their clients. They are using automated food-grade mixing tanks to avoid direct contact, reduce contamination, and improve food quality and safety. This will continue to support the market expansion over the next ten years.
Similarly, advances in the e-commerce sector have made food-grade mixing tanks more readily available. As a result, the global market has been influenced by the increased usage of an e-commerce platform for the procurement of food-grade mixing tanks.
Furthermore, widening application in the food and beverage sector and collaboration between beverage players and food-grade mixer equipment manufacturers are expected to bode well for the overall market.
Growing Demand for Processed Food Products boosting Market in the USA.
According to FMI, the USD food-grade mixing tanks market is expected to surpass a valuation of USD142.2 Million in 2023, accounting for 68% of the North American food-grade mixing tank market.
Rising demand for processing foods, beverages, and dairy products due to changing lifestyles, growing consumer awareness, and increasing disposable income is driving demand for food-grade mixing tanks in the USA market.
Similarly, the growing adoption of advanced processing equipment such as food-grade mixing tanks across food manufacturing industries to improve food quality and hygiene, reduce mixing times, and increase overall productivity is likely to fuel sales during the next ten years.
Increasing Popularity of Fizzy Drinks Pushing Demand in the UK Market
The food-grade mixing tank market in the UK is currently valued at USD 38.7 Million and it accounts for roughly 22% of the European market. Rising demand for fast food and sugary drinks, growing food insecurity concerns, and advancements in mixing technology are some of the key factors driving the UK food-grade mixing tank market.
Manufacturers of food-grade mixing tanks across the UK are offering more and more advanced solutions to the beverage industry as demand for mixer tanks for fizzy drinks and other beverages continues to increase. This will further boost the market in the country.
Rapid Expansion of Confectionery Industry Fuelling Sales in China
China's food-grade mixing tank market is expected to surpass USD 31.7 Million in 2023 and it is likely to account for 32% market share in the Asia-Pacific food-grade mixer tank industry. The rapid expansion of the confectionery industry, increasing consumption of ready-to-eat foods, and favorable government support are driving the food-grade mixing tank market forward in China.
China's confectionery business has strong long-term prospects, thanks to the introduction of new flavor confectionery items and huge demand potential from rural areas. People are spending large amounts on various confectioneries to fulfill their appetites.
Increasing Adoption Across Diverse End-Use Industries Boosting Demand
Based on technology, the global food-grade mixing tank market is segmented into high-shear mixer tanks and planetary mixer tanks.
Among these, the high-shear mixer tank segment is likely to hold the largest share of the global market and further grow at a robust pace during the next ten years. This can be attributed to the rising adoption of high-shear mixer tanks across end-use industries like food & beverages, confectionery, and bakery due to their cost-effective nature.
However, the planetary mixer tank segment is expected to grow at a higher CAGR during the projection period owing to their increasing usage across the food and beverage industry for intense mixing applications.
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Leading players operating in the global food-grade mixing tank market are adopting various organic and inorganic strategies such as new product launches, partnerships, facility expansions, mergers, and collaborations to gain a competitive edge in the market. for instance,
With lucrative opportunities on the horizon, various start-ups are entering the food-grade mixing tank market space. For instance, Shandong Tonsenbrew Co., Ltd, a professional designer, developer, manufacturer, and seller of brewery equipment, food & beverage processing tanks, and pharmaceutical & chemical machinery was founded in 2016 in Jinan China.
The company offers various types of food & beverage processing machines including sanitary stainless storage tanks, mixing tanks, milk tanks, hot and cold tanks, fermentation tanks, asepsis storage tanks, etc. Since its establishment in 2016, Shandong has become an ideal destination for industries looking to get quality food-grade mixing tanks.
Shandong adheres to the principle of customer first, quality first, and life-long service, and under this guidance, constantly strives to improve its own level. The company is focused on developing and supplying various types of food-grade mixing tanks to a wide range of industries.
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 550.2 Million |
Projected Market Size (2033) | USD 1,278.8 Million |
Anticipated Growth Rate (2023 to 2033) | 8.8% CAGR |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD Million for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East & Africa (MEA) |
Key Countries Covered | The USA, Canada, Mexico, Germany, The UK, France, Italy, Spain, China, Japan, India, South Korea, Malaysia, Thailand, Indonesia, Australia, Brazil, Argentina, South Africa, UAE |
Key Segments Covered | Product Type, Technology, Capacity, Region |
Key Companies Profiled | GEA Group AG; Tetra Laval International S.A.; Krones AG; Sulzer Ltd; Buhler Holding AG; JBT Corporation; KHS GmbH; Marel hf; Hosokawa Micron Corporation.; ICC Northwest; Pulsair system, Inc.; Frain Industries, Inc.; G and F Manufacturing Company Inc.; Heritage Equipment Company; SIEHE Industry; Apache Stainless Equipment Corporation |
Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The food-grade mixing tank market size is expected to reach USD 550.2 Million in 2023.
The global food-grade mixing tank market is expected to rise at a CAGR of 8.8% during the forecast period.
As per FMI, the global food-grade mixing tank market is anticipated to surpass USD 1,278.8 Million by 2033.
The US, China, the UK, Germany, and Mexico are the major countries driving demand for food-grade mixing tanks.
GEA Group AG, Tetra Laval International S.A., Krones AG, Sulzer Ltd, and Buhler Holding AG are the top players operating in the food-grade mixing tank market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Batch-wise mixing tank 5.2. Continuous mixing tank 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. High shear mixer tank 6.2. Planetary mixer tank 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity 7.1. Less than 10,000 l/h 7.2. Between 10,000 to 40,000 l/h 7.3. Over 40,000 l/h 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East & Africa (MEA) 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. GEA Group AG 18.2. Tetra Laval International S.A. 18.3. Krones AG 18.4. Sulzer Ltd 18.5. Buhler Holding AG 18.6. JBT Corporation 18.7. KHS GmbH 18.8. Marel hf 18.9. Hosokawa Micron Corporation 18.10. ICC Northwest 18.11. Pulsair system, Inc. 18.12. Frain Industries, Inc. 18.13. Others (on request) 19. Assumptions & Acronyms Used 20. Research Methodology
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