Global Beverage Processing Equipment Market Forecast Report 2022 – A $26.9 Billion Market by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Beverage Processing Equipment Market By Beverage Type, By Mode of Operation, By Type, By Regional Outlook, Industry Analysis Report and Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s offering.

The Global Beverage Processing Equipment Market size is expected to reach $26.9 billion by 2027, rising at a market growth of 4.9% CAGR during the forecast period.

Rising demand for processed and packaged food products from nations such as China, as well as an inclination toward automation technologies facilitated by the Artificial Intelligence (AI), Internet of Things (IoT) and Industry 4.0 to boost productivity and govern the quality, sanitation of processed foods and traceability have fuelled the growth of the market. The fact that the food and beverage processing industry is undergoing a significant transformation across the world, is expected to surge the adoption of new regulations by government agencies and private organizations, as well as advancements in automation technologies.

This evolution seems appropriate given that these machines are primarily aimed toward food transformation, such as improving taste, appearance, feel, and absorption, and also trying to extend and retain shelf life. Because of the availability of food processing technologies and machinery that reduce processing time while improving manufacturing efficiency, various food products like baked goods, meat products, dairy goods, and beverages are now made in seconds.

Market Growth Factors:

Rising Demand for beverage processing equipment

There is an increase in the demand for various equipment and devices across developing nations of the world. The expanding manufacturing sector along with the rising consumer demand is expected to provide lucrative opportunities for the key market players. As a result, beverage companies are focusing increasingly on the expanding middle classes in developing areas in regions such as Asia Pacific, the Middle East, and Africa. Many key beverage manufacturers are collaborating with the beverage processing equipment manufacturers to customize machines as per the client’s requirement with better and personalized features.

Increase in health consciousness among customers

Consumers are nowadays looking for beverages that are able to give a surplus benefit other than satisfying their thirst. Most of the fruit and beverage companies are spreading their product line by the addition of functional beverages to their portfolio, including probiotic drinks. The increase in the health-conscious population is one of the major factors that is driving the demand for these functional drinks. The growing demand for various beverage supplements has also shown that consumers are favoring beverages with health benefits. The augmented proof of health benefits related to probiotics for health refurbishment has amplified the customer prospects related to probiotics for health therapeutic functions.

Marketing Restraining Factors:

Requirement of huge capital

The installation of various types of processing equipment by beverage processing companies needs large capital investments. Renting processing equipment involves less capital investment and saves on yearly maintenance costs, which are often handled by rental providers. The beverage sector is very dynamic in terms of developing and maintaining an infrastructure with capacity flexibility and the ability to fulfill customer needs on a regular and sometimes immediate basis. The infrastructure consists of the buildings, machinery and equipment, and logistical systems that are necessary to manufacture and distribute high-quality, marketable products.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerges as the leading region in the beverage processing equipment market with the largest revenue share in 2020 and is estimated to continue this trend over the forecast period. It is owing to the rising consumption of alcoholic and non-alcoholic beverages, as well as a strong concentration of major beverage companies such as Coca-Cola and PepsiCo in the regional market.

Market Segments Covered in the Report:

By Beverage Type

• Alcoholic
• Non-Alcoholic
  • Carbonated Beverage
  • Non-Carbonated Beverage
• Dairy

By Mode of Operation

• Semi-automatic
• Automatic

By Type

• Brewery Equipment
• Filtration Equipment
• Sugar Dissolvers Equipment
• Blenders & Mixers
• Heat Exchanger
• Carbonation Equipment

Key Market Players

• John Bean Technologies
• Alfa Laval AB
• GEA Group AG
• The Krones Group
• Pentair PLC
• Bucher Industries AG
• Praj Industries
• KHS Group
• Tetra Level International S.A.
• SPX Flow

For more information about this report visit https://www.researchandmarkets.com/r/6mskfd

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