Market Research Report
Carbonated Beverage Processing Equipment Market by Equipment Type (Sugar Dissolvers, Carbonation Equipment, Blenders & Mixers, Heat Exchangers), Beverage Type (Flavored Drinks, Functional Drinks, Club Soda), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||506261|
|Published||Content info||140 Pages
|Carbonated Beverage Processing Equipment Market by Equipment Type (Sugar Dissolvers, Carbonation Equipment, Blenders & Mixers, Heat Exchangers), Beverage Type (Flavored Drinks, Functional Drinks, Club Soda), and Region - Global Forecast to 2022|
|Published: May 17, 2017||Content info: 140 Pages||
"Carbonated beverage processing equipment market is projected to grow at a CAGR of 5.8%"
The carbonated beverage processing equipment market is projected to reach USD 7.23 billion by 2022, at a CAGR of 5.8% from 2017 to 2022. The market is driven by factors such as carbonated soft drink manufacturers' requirement for advanced equipment with multifunctional features and optimum output, and increased consumption of the carbonated soft drink due to hot and humid climatic conditions.
Sugar dissolvers accounted for the largest market share among the different equipment types for carbonated soft drink processing, in 2016. Sugar dissolving and treatment is one of the critical stages in carbonated soft drink processing. As opposed to using ready liquid sugar, it is more economical for carbonated soft drink manufacturers to dissolve sugar crystals and then use for syrup applications. Due to this reason, the demand for sugar dissolvers is increasing.
On the basis of beverage types, the carbonated beverage processing equipment market is led by the flavored drinks segment followed by the club soda & sparkling water segment. Flavored carbonated soft drinks are largely consumed carbonated soft drinks. Along with regular flavors, consumer demand is expected to increase on a large scale for more regional, authentic, and tropical flavors.
The North American region dominated the carbonated beverage processing equipment market in 2016 whereas the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period. The demand for carbonated soft drinks is continuously increasing due to the improved standards of living and purchasing power in this region. This growth can be attributed to high investments by major players such as The Coca-Cola Company (U.S.), PepsiCo Inc. (U.S.), and establishment by new local players. High amount of production and consumption in countries such as Japan and China is also a contributing factor for the growth of this market in Asia-Pacific.
The figure below shows the breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.
Major players such as Tetra Laval Group (Switzerland), GEA Group Aktiengesellschaft (Germany), Alfa Laval AB (Sweden), Krones AG (Germany), SPX Flow Inc. (U.S.), and KHS GmbH (Germany) collectively accounted for a majority of the global carbonated beverage processing equipment market. Other players in the market are Statco Engineering & Fabricators Inc. (U.S.), A Due Di Squeri Donato & Cspa (Italy), Van Der Molen GmbH AG (Germany), Seppelec SL (Spain), A. Water Systems s.r.l. (Italy), and TCP Pioneer Co. Ltd (Taiwan).
The report focuses on carbonated beverage processing equipment manufacturing for different applications and regions. It aims at estimating the market size and future growth potential of this market across different segments-type, beverage type, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analyses, recent developments, and key market strategies.
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.