The report “Beverage Processing Equipment Market by Type (Brewery, Filtration, Carbonation, Sugar Dissolvers, Blenders & Mixers, and Heat Exchangers), Beverage Type (Alcoholic, Carbonated, Non-Carbonated, Dairy), and Region – Global Forecast to 2025″, The global beverage processing equipment market is estimated to be valued at USD 18.2 billion in 2019 and is projected to reach USD 24.3 billion by 2025, at a CAGR of 5.0% from 2019 to 2025. The beverage processing equipment market is growing in parallel with the growth in the beverage industry. Increasing inclination of consumers toward health and wellness has driven the growth of non-alcoholic beverages such as functional drinks at a rapid rate. The effect of on-the-go lifestyles in developing economies has driven the market for packaged beverages.
By type, the brewery equipment segment is projected to account for the largest share in the beverage processing equipment market
Brewery equipment is used in the production of beer, and its demand remains high as the consumption of beer in regions such as North America, Europe, and the Asia Pacific is high. In addition, rising income levels of consumers have reflected positively on the growth of the beer industry.
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By beverage type, the alcoholic beverages segment accounted for the largest market size in the beverage processing equipment market during the forecast period
The alcoholic beverages segment holds the largest market share in the beverage processing equipment market due to the increasing demand in emerging markets such as the Asia Pacific and South America. The market in regions such as North America and Europe has reached its maturity and are witnessing a shift in the demand for beer, from high-calorie beer to low-calorie beer.
The Asia Pacific is projected to account for the largest market share during the forecast period
The Asia Pacific accounts for the largest market share in the beverage processing equipment market. The market for beverage processing equipment in the Asia Pacific region is driven by the growing demand for beverages such as carbonated beverages, fruit juices, and alcoholic beverages. The Asia Pacific has a very large market for beverages; the improved standard of living of the people due to the rise in income levels is one of the major factors that is driving the beverage market in this region.
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Key Market Players:
The key players profiled in the beverage processing equipment market include Tetra Laval (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), Krones Group (Germany), Bucher Industries (Switzerland), SPX Flow (US), JBT Corporation(US), KHS GmbH (Germany), Pentair(US), and Praj Industries (India). These companies are focusing on strategies such as new product launches, expansions & investments, acquisitions, agreements, joint venture, and partnerships to expand their operations across the globe.
Recent Developments:
- In February 2019, Alfa Laval introduced twin screw pump, which was added to the company’s hygienic pump portfolio for use in dairy, food, and personal care industries. This launch aimed at simplifying the operation and lead to a reduction in the cost.
- In September 2018, Krones Group acquired the business operations and assets of Shanghai Xiantong Equipment Installation Company (China), with a view to expanding its operations in China.
- In July 2018, SPX Flow partnered with V-Line (Saudi Arabia), to strengthen its operations in the Middle East. This partnership would allow the company to access the component, spare parts, support, and management services for its customers in the dairy, food & beverage, and pharmaceutical sectors.
- In June 2017, Pentair opened a new facility, an 87,000-square foot indoor aquaponics farm, at its Schmidt’s brewery building in St. Paul, Minnesota (US). It is one of the largest commercial aquaponics facility in the world.
