Global Beverage Processing Equipment Market to reach USD 26.89 Billion by 2027.Global Beverage Processing Equipment Market is valued approximately at USD 19.11 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2021-2027. Beverage processing equipment are equipment, machines and systems used to handle, prepare and store beverages. Growth in food & beverages industry will drive the market growth. The food and beverage industry is growing at a CAGR of 2.9%. Rise in living standards resulted in the consumption of consumer goods such as soft drinks, juices and beers. The growing consumption of beverages due to rise in disposable income will augment the market growth. But the complex production process of beverage processing equipment is restraining the market growth because increase in demand for higher production and better quality and tastes is making the processes more complex. Further, safety standards of machinery may restrict the market growth. Market is expected to get opportunities with increasing demand from sugar free beverages and energy drinks from consumers.
The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of global Beverage Processing Equipment market. North America is the leader in the market due to rise in regional consumption of alcohol & non-alcoholic drinks. Also, major key players are present in the market including PepsiCo and Coca Cola. Asia Pacific is the fastest growing region in the market because of increasing population and rise in living standards. China is the largest producer of beer and is expected to increase the production by around 4.5%.
Major market player included in this report are
Tetra Laval
GEA Group
Alfa Laval
Krones Group
Bucher Industries
SPX Flow
JBT Corporation
KHS GmbH
Pentair
Praj Industries
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Brewery
Filtration
Carbonation
Sugar Dissolvers
Blenders & Mixers
Heat Exchangers
By Beverage Type:
Alcoholic
Carbonated
Non-Carbonated
Dairy
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Beverage Processing Equipment Marketl in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors