From 2023 to 2033, the worldwide beverage processing equipment market is predicted to rise at a 4.9% CAGR. Its value is predicted to increase from $7.7 billion in 2023 to $12.8 billion by 2033.
Worldwide consumption of dairy beverages, alcoholic and non-alcoholic beverages is increasing, as is the market for complex beverages. Despite a major improvement in the beverage industry’s capacity to create a positive image, demand for equipment remains high. Growth in the processing industry, particularly in emerging nations, the proliferation of craft breweries, and the development of innovative beverage processing technologies drive the market for beverage processing equipment.
Furthermore, it is expected that sales of beverage processing equipment will increase during the evaluation period due to rising demand in both developed and developing countries for flavoured water, carbonated soft drinks, beer, wine, and spirits, liquid dairy products (LDP), malt, nectar, soft drinks, isotonic beverages, and tea. The American beer industry will export around 208.6 million barrels of beer in 2021, according to the National Beer Wholesalers Association (NBWA).
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In other terms, the country exported the equivalent of over 2.9 billion cases of beer in 2021. It also sold over 3.5 million barrels of perry, hard cider, and other fermented commodities, or more than 49 million cases, in the same year. These figures are projected to rise rapidly as the global demand for creative beverages rises. The cost of beverage processing equipment will rise as a result.
According to FMI, the Asia Pacific region is a thriving market for both alcoholic and non-alcoholic beverages. China and India dominate beer and soft drink consumption. Rising population, globalisation, and a penchant for western lifestyles have all contributed to increased demand for beverages, particularly alcohol and soft drinks.
Beverage firms are now paying closer attention to the emerging middle-class population in Asia, the Pacific, the Middle East, and Africa. In order to fulfil the exponential demand in an increasingly cutthroat market where consumption of both alcoholic and non-alcoholic beverages is quickly rising, producers in these locations are working to create exceptionally adaptable and sustainable processes.
Key Takeaways from the Beverage Processing Equipment Market Study:
- The beverage processing equipment industry in France is expected to witness a CAGR of 7% during the forecast period (2023-2033).
- The Germany beverage processing equipment industry is expected to continue to dominate Europe till 2033 and generate a share of US$ 1.9 Billion.
- The demand for beverage processing equipment is projected to grow at a CAGR of around 7% over the next ten years in the U.K.
- The global market for beverage processing equipment is expected to rise from US$ 7.7 Billion in 2023 to US$ 12.8 Billion in 2033.
- Sales of beverage processing equipment are expected to rise at a CAGR of 4.9% during the forecast period.
Competitive Landscape: Beverage Processing Equipment Market
Tetra Laval (Switzerland), Brawn Mixer (Netherlands), Paul Mueller Company (US), GEA Group (Germany), KHS GmbH (Germany), Dover Corporation (US),Neo logic Engineers (India), Alfa Laval (Sweden), Krones Group (Germany), Bucher Industries (Switzerland), SPX Flow (US), JBT Corporation (US), Step lead International Co., Ltd. (China), Luwico Group Co., Limited (China), Pentair (US), Bettcher Industries, Inc. (US), and Heat and Control, Inc. (US) are some of the leading companies in the global market.
North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America beverage processing equipment market is expected to grow rapidly in the next ten years due to the presence of a favorable legal and regulatory environment.
Get Valuable Insights into Beverage Processing Equipment Market
FMI, in its new offering, provides an unbiased analysis of the beverage processing equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for beverage processing equipment based on beverage type (alcoholic, non-alcoholic, dairy-based beverages), product type (beverage mixers & blenders, sugar dissolvers, heat exchanger, brewery, filtration), automation grade (automatic, semi-automatic), and region.
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Beverage Processing Equipment Market Outlook by Category
By Product Type:
- Beverage Mixers & Blenders
- Tumbler Blender
- Ribbon Blender
- Paddle Mixer
- Agitator
- Emulsifiers
- Milk Homogenizers
- Heavy Duty Mixers
- Sugar Dissolvers
- Heat Exchanger
- Shell and Tube Heat Exchanger
- Plate Heat Exchangers
- Plate and Shell Heat Exchanger
- Adiabatic Wheel Heat Exchanger
- Plate Fin Heat Exchanger
- Brewery
- Fermentation Equipment
- Brew House Equipment
- Carbonation
- Control & Monitoring
- Filling & Packaging
- Mashing Equipment
- Milling Equipment
- Filtration
- Sedimentation Equipment
- Gravity Filtration Equipment
- Centrifugal Separators
- Clarifiers
- Thickeners
- Others (Cooling Tunnel, Storage Tanks, Milk Pasteurizer, and Crushers)
By Beverage Type:
- Alcoholic
- Non-alcoholic
- Carbonated
- Non-Carbonated
- Dairy-Based Beverages
By Automation Grade:
- Automatic
- Semi-automatic
By Region:
- North America
- Latin America
- East Asia
- South Asia
- Oceania
- Europe
- Middle East & Africa
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