Beverages Processing Equipment Market Size, Historical Growth, Analysis, Opportunities And Forecast To 2030

The global beverages processing equipment market size is expected to reach US$ 27.7 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.7% CAGR between 2020 and 2030. The market is anticipated to perform well in the near future owing to increasing awareness regarding processed beverages, and rising demand for ready-to-drink beverages among the population. Filtration systems, equipment type segment is anticipated to grow at the fastest CAGR over the forecast period.

Ready-to-drink beverages have become popular among consumers owing to their busy lifestyles and resulting need to stay hydrated all day. The rising demand for clean, gluten-free, low-calorie and low-carbon foods has led to the rise in demand for non-carbonated in the food industry.

Consumers are becoming health conscious due to which the consumption of low-calorie and nutritious beverages such as fruit juices has increased. In Asia-Pacific and Latin America as well consumers are likely to follow this trend and exhibit high demand for low-calorie drinks in the years to come. This would fuel the demand for non-carbonated drinks. Dynamic beverage manufacturing equipment market.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2951

It includes in-depth insights into the beverages processing equipment market. Some of these are:

  • The estimated value of the market was at US$ 17.5 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
  • Asia Pacific account for leading share in the demand for beverage processing equipment, whereas North America and Europe, screening lucrative long-term growth over the years.
  • Asia Pacific countries are like India, China, ASEAN countries posses’ excellent growth opportunity for the beverage processing equipment owing to increasing flavour inspiration and rising disposable income.
  • High capital costs and complex manufacturing processes for beverage processing equipment are the key factors that hinder industry growth.
  • Companies are growing the output potential and adding market capture automation to the machines.

COVID-19 Outbreak Crisis will Impact Consumption Pattern

Due to the outbreak of the pandemic coronavirus, sales of alcohol and fresh foods on e-commerce in have surged during the COVID-19 epidemic, with market analysts predicting that the changes in consumer buying habits are here to stay. Customer habits shifted during this time to concentrate on safety and hygiene, while in the aftermath of lockdowns, they switched to e-commerce for alcohol, fresh food and even dairy.

Because COVID-19 is spreading through continents without signs of slowing down, the effects and patterns resulting from changes in consumer behaviour will also be evident in other crisis countries. Total consumption of alcoholic drinks wouldn’t change much during economic downturns, sales of beer and wine would increase and sales of liquors would decrease. Budget demand for mid-priced drinks would increase, while demand for high-end super-premium for ultra-premium alcoholic beverages would decrease. The pattern of delivery will change drastically though.

Who is Winning?

The beverages processing equipment market consists of numerous players. Few of them are GEA, Tetra Laval, Alfa Laval, Krones Group, Bucher Industries, SPX Flow, JBT Corporation, KHS GmbH, Pentair, and Praj Industries.

The growing rivalry among the vendors makes it difficult for the emerging players to compete with the leaders based on quality, technology and pricing in particular. Therefore, the manufacturers bring creative ideas and introduce better technology to achieve a competitive edge over their rivals.

BEVERAGE PROCESSING EQUIPMENT MARKET TAXONOMY

The global Beverage Processing Equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Beverage Type

  • Carbonated Beverages
  • Non-carbonated Beverages
  • Alcoholic Beverages
  • Dairy Based Beverages
  • Processed Water

Equipment Type

  • Brewery
  • Filtration
  • Carbonation
  • Sugar Dissolvers
  • Blenders & Mixtures
  • Heat exchangers

Region

  • North America
  • Latin America
  • Europe
  • Asia
  • Oceania
  • MEA

Buy This Report@ https://www.futuremarketinsights.com/checkout/2951

KEY RESEARCH FINDINGS

  • Beverages processing equipment help in turning ingredients such as raw fruits or vegetables into drinks
  • The increase in consumer spending on fast-moving consumer products, such as soft drinks, beer and nutritious beverages, is aiding expansion of the beverage processing equipment market
  • The overall demand for beverage processing equipment in Europe is projected to increase at a moderate pace
  • Increasing alcoholic beverage consumption, coupled with growing popularity for craft beer and social acceptance in developed and developing countries are the key factors expected to drive the global market for beverage processing equipment
  • The North America market is estimated exhibit higher sales and is projected to dominate the global beverage manufacturing equipment market

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com

Leave a comment

Your email address will not be published. Required fields are marked *