Pune, India, March 09, 2023 (GLOBE NEWSWIRE) -- The global beverage processing equipment market is expected to expand at a crucial pace during the forecast period, owing to increasing demand for the product across growing food & beverage processing industry. The rising demand for healthy beverages is predicted to impel companies to launch new beverages, which will in turn enable growth in the beverage processing equipment market says Fortune Business Insights in a report, titled “Beverage Processing Equipment Market Size, Share And Global Trend By Equipment Type (Heat Exchangers, Brewery Equipment, Filtration Equipment, Blending & Mixing Equipment, Carbonation Equipment), By Beverage Type (Alcoholic Beverages, Carbonated Beverages, Non-Carbonated Beverages, Dairy-based Beverages), And Geography Forecast Till 2030.” Growing consumer income across developed and developing nation is predicted to aid growth of the beverage processing equipment market.
The global beverage processing equipment market is expected to witness significant growth in the coming years due to the increasing demand for processed beverages, such as carbonated soft drinks, juices, and alcoholic beverages. Beverage processing equipment includes various machinery and systems used for the production, filling, packaging, and distribution of beverages. The rise in disposable income, changing consumer preferences, and the growing number of beverage manufacturing companies are driving the growth of the market.
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Top Key Players Covered in Beverage Processing Equipment Market Are:
- Alfa Laval Corporate AB
- Bevcorp LLC
- Tetra Pak, Inc.
- Krones AG
- SPX FLOW Inc.
- Mueller Co.
- Carmel Software Corporation
- John Bean Technologies Corporation
- Bucher Industries AG
- Pentair Plc.
Report Scope & Segmentation:
| Report Attribute | Details |
| Base Year | 2022 |
| Historical Year | 2019 – 2021 |
| Forecast Year | 2023 – 2030 |
| Segments Covered | By Equipment Type, By Beverage Type |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2020 to 2029 |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America and Rest of World |
| Countries Covered | Unites States, Canada, Mexico, Unites Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
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New Products and R&D Initiatives Will Strengthen the market
The global beverage processing equipment market is predicted to expand exponentially during the forecast period, owing to the growing demand for beverages in the food & beverage industry. Rising demand for healthy beverage products and increasing user income across developed as well as developing nations are expected to escalate the demand for various range in new beverages such as soft drinks, alcoholic beverages and others. This factor is predicted to drive the global beverage processing equipment market during the forecast period. Furthermore, key players in the global beverage processing market are aiming to launch new products along with investing in R&D activities to gain a strong foothold in the global market. For Instance, In June 2018, JBT Corporation announced the launch of READYGo FVP, a new system for cold extracted vegetable and fruit juices. The product aims to offer juice extraction up to 5 tons per hour of raw product. This factor is likely to boost the global beverage processing equipment market.
Market Segmentation:
By Equipment Type:
- Heat Exchangers
- Brewery Equipment
- Filtration Equipment
- Blending and Mixing Equipment
- Carbonation Equipment
- Other Equipment
By Geography:
- North America (U.S., Canada, and Mexico)
- Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East and Africa (South Africa and Rest of MEandA)
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Change in Consumer Preference Will Fuel Demand
Beverage processing equipment is used for production and processing of beverage products that have been synthesized from various sources for the preparation of aerated drinks such as, dairy, fruit juices and others. On the basis of beverage type, the global beverage processing equipment market has been segmented into alcoholic beverages, carbonated beverages, non-carbonated beverages, and dairy-based beverages. The alcoholic beverage segment is expected to witness rapid growth in the forthcoming years, owing to increasing consumption of alcoholic beverages across developing nations. In addition, increasing governmental regulations for keeping and maintaining hygiene by beverage manufacturer is also likely to propel the growth of the global beverage processing equipment market. However, rising consumer concern over food & beverage is predicted to hamper the growth of the global beverage processing equipment market.
Opportunities Prevalent in Asia Pacific to Contribute to Exponentially Growth of the Global Market
Geographically, the global beverage processing equipment market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. Asia Pacific is expected to dominate the global beverage processing equipment market during the forecast period owing to the increasing demand for alcoholic beverages, dairy-based beverages, carbonated beverages, and fruit juices across countries in the region. Enhancement in the living standard of people in the developing economies of Asia Pacific, along with the rising income of users is predicted to fuel demand and aid in the growth of beverage processing equipment market during the forecast period.
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