The sales of industrial machinery and equipment for manufacturing or processing foods, beverages, and animal and fowl feed in the US are forecasted to increase consistently from 2024 to 2028. The sales value in 2023 was approximately 2.62 billion US dollars. The projected year-on-year growth rates show a steady increase, illustrating a positive growth trend. The compound annual growth rate (CAGR) indicates a moderate upward trajectory, averaging around 1.98% annually over the five-year forecast period.

Future trends to watch for:

Advancements in automation and robotics impacting equipment efficiency and adoption.
Rising consumer demand for processed and packaged goods influencing machinery sales.
Increased emphasis on sustainability and energy-efficient equipment.
Technological integration, such as IoT and AI, driving innovation in machinery design.