
Global Beverage Processing Equipment Market - Global Forecast To 2030
Category :
Food & Beverages
Published: Mar-2022
Author: SPER Analysis Team
Global Beverage Processing Equipment Market - Global Forecast To 2030
According to SPER Market Research, the beverage processing equipment market is estimated to reach USD 34.1 billion by 2030 with a CAGR of 5.9%.
Rising consumption of alcohol and carbonated drinks is a major driving force to the growth of beverage processing equipment market.
Beverage processing equipment are used to manufacture the beverages and check the quality standards. The rising consumption of alcohol due to adoption of western culture in emerging economies (China, India) are growing this market. Carbonated drinks are also very successful among children and adolescents due to its health advantages and taste. Active marketing of beverages has increased the consumption and adoption of beverages in daily life.
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During the COVID-19 pandemic, health consciousness has increased among individuals. Consumers are eager to pay higher amount for better quality product for consumption. Beverage processing equipment maintain quality check on products to deliver safe to consume beverages.
The high cost of beverage processing equipment, maintenance charges and cost of upgradation of technologies increase the investment in the plant. The electricity used to run a plant for various processes is also getting expensive. The manufacturers are trying to reduce the expenditure by limiting consumption and opting for rental equipment.
The brewery equipment market is the largest type segment by share in this market. The large share of this segment is attributed to rising demand for craft beer, increasing number of microbreweries, rising level of consumption, and popularity of canned beers. Asia Pacific commanded the market by regional segmentation owing to popularity of soft drinks, high consumption of beverages and health benefits of carbonated drinks.
The global beverage processing equipment market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Alfa Laval, Bucher Industries, GEA Group, JBT Corporation, KHS GmbH, Krones Group, Pentair, Praj Industries Ltd, SPX Flow, Tetra Laval.
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SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report caters data for growth estimates and forecasts for type segments- Brewery, Filtration, Carbonation, Sugar Dissolvers, Blenders & Mixers, Heat Exchangers, Other types; for beverage type segment- Alcoholic, Carbonated, Non-Carbonated, Dairy; for mode of operation segment- automatic and semi-automatic. This research report also features the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraints for this market for the forecast period. Various growth opportunities are also discussed in the report.
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