Beverage Processing Equipment Market: Current Analysis and Forecast (2022-2028)

Global Beverage Processing Equipment Market is expected to grow at a significant rate of around 6% during the forecast period. Beverage processing equipment is used for the machines used to make a variety of beverages. It also means using physical and chemical equipment to transform raw ingredients into prepared food. In addition, they are used to process different types of drinks, also the production line usually includes numerous pieces of equipment, such as water treatment equipment, bottle washing machine, filler machines, sealing machines, sterilization equipment, CIP in-site cleaning devices, filtration equipment, and packaging machines, to name a few. Additionally, they are highly used in the production of dairy, bakery, poultry, seafood, beverage, and confectionery products.

Alfa Laval AB, GEA Group AG, Tetra Pak, Krones AG, Bucher Industries AG, SPX Flow Inc., JBT Corporation, Pentair plc, Praj Industries Ltd, KHS GmbH are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst equipment type, brewery category is expected to witness the highest CAGR during the forecast period"

Based on equipment type, the market is segmented into brewery, filtration, carbonation, blenders & mixtures, heat exchangers, and others. The brewery category is expected to witness the highest CAGR during the forecast period owing to the growing consumption of beer globally. In addition, the increasing demand and popularity of craft beer in India have led to an increase in the number of microbreweries and smaller craft breweries to ramp up production. Furthermore, factors such as better beer quality and beer styles over thousands of years, the growing number of social venues serving beer in cities, and the introduction of canned beer are increasing the demand for brewery equipment globally.

"Amongst beverage type, the alcoholic beverage segment held a significant share in the market in 2020"

On the basis of beverage type, the market is categorized into carbonated, non-carbonated, alcoholic, dairy-based, and processed water. Among these, the alcoholic beverage segment held a significant share of the market in 2020. This is mainly due to the growing demand for alcoholic beverages in both developed and developing countries. Additionally, the growing demand is mainly due to innovation and development in the production of vodkas, bears, flavored spirits, and cocktails, evolving consumer lifestyles, drinking preferences, and a growing number of breweries and wineries around the world. In recent years, the requirement for premium and super-premium alcoholic beverages has grown significantly. Moreover, recent advances in honey-derived products tend to become viable options for creating innovative alcoholic beverages for customers and driving potential growth of the market.

"APAC held a significant share in the market"

APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to rising disposable incomes, rapid urbanization, and growing economies such as India and China. Also, the number of food processing facilities in the region is anticipated to rise, and the supply and consumption of food and beverage processing equipment are anticipated to rise further within the region. In addition, the consumption of alcoholic and non-alcoholic beverages is rising quickly, therefore producers need highly adaptable and sustainable processes is escalating the demand in the market. Additionally, rising consumer preference for health drinks, dietary supplements, and others is anticipated to support the market expansion within the region. Many major players also emphasize using automation and technology. For instance, in Sep 2021, Quintus Technologies re-enters the food & beverage arena with the launch of new high-pressure processing (HPP) systems and customized service solutions.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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