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Beverage Processing Equipment Market Growth Drivers &
Challenges, Forecast to 2024: Global Market Insights Inc.
Beverage Processing Equipment Market size is anticipated to witness surge in
demand owing to growth in applications in food & beverages industry. Rise in living
standards has increased the consumption of consumer goods including soft drinks,
juices and beer. Increase in disposable income will further enhance customer’s
spending on drinks. Their growing consumption will also benefit food processing
employment sector and further drive demand in beverage processing equipment
Food & beverages industry is expected to grow at a CAGR of over 4% by 2024.
Increasing governmental regulations over hygienic conditions of manufacturing
processes and several types of packaging will propel beverage processing equipment
Consumption of low calorie, energy, dairy and non-dairy drinks is on the rise and with
change in product type, their methods also change and lead to requirement of different
processing equipment. In order to gain bigger market share, several companies are
increasing their productivity and upgrading their equipment and machinery, that in turn
will enhance beverage processing equipment market growth.
Beverages are drinks except water prepared for human consumption. Their use in the
form of refreshments and health supplements is excepted to increase over the
forecasted period. Beverage processing transforms raw materials including fruits,
vegetables, water and flavouring agents into drinks. Its production line has multiple
sections that include water filtering & sterilizing, syrup preparation, blending, mixing of
ingredients, carbonating, fermentation, storing and filling. Carbonation process
depends on whether the dink is ae rated or non-aerated. Alcoholic drinks process is
different and these are prepared in brewery.
Restraint for beverage processing equipment market is its complex production
process. Production processes are becoming complex with increase in demand of
higher production and better taste & quality. Efficiency of these equipment to produce
hygienic drinks has been questioned with cases of some unwanted materials in soft
drinks. Further the safety standards of machinery may restrict the growth of product.
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On the basis of type, beverage processing equipment market is segmented into
carbonated and non-carbonated. Carbonated type has larger share owing to high
consumption of aerated drinks. Non-carbonated holds substantial share and has high
potential to grow with increasing demand fo r functional drinks. Consumers are
becoming health conscious and intake of low calorie and healthy drinks like fruit juice
has escalated. In addition, these can be classified into dairy, alcoholic and non-
alcoholic. Dairy and non-alcoholic drinks have larger share as compared to latter.
Based on application, beverage processing equipment market is segmented into
beverage, dairy, and fruits & vegetables. Beverages accounts f or the major industry
share owing to presence of large variety of products including soft drinks and beer.
Dairy application maintains substantial industry share with its use in almost every part
of the world and new variants have further spurred the demand of product. Growing
consumption of fruit & vegetable squashes has risen with changing customer
preference towards non-aerated drinks.
Based on equipment, beverage processing equipment market is classified into
brewery, carbo coolers, filtration systems, heat exchangers, blenders & mixers, pumps
and others. Filtration systems have significant share and expected to grow with new
innovation in procedures that increases shelf life of the product. It has huge application
in separation and filtration of raw materials to produce end product. Further these are
used in almost every processing industry due to increasing demand of fortified drinks.
Brewery has substantial share with its requirement in alcoholic drinks. These are
followed by heat exchangers that play an important role in heating and cooling of fluids.
North America is the largest beverage processing equipment market due to rise in
regional consumption both alcoholic & non -alcoholic drinks. Presence of key players
including PepsiCo and Coca Cola and their research & development facilities further
boost industry growth.
Asia Pacific has substantial share in beverage processing equipment market with ever
increasing population and rise in living standards. China is largest producer of beer
and planning to increase its production by around 4.5% that has augmented the
demand of product. Companies are making huge investments to expand their market
share in this region.
Europe has significant share with increasing dairy alternative products as consumers
have become more health conscious in this region. Middle East & Africa has nascent
share and expected to grow with growing demand for non-aerated and multi-functional
drinks like energy drinks & juices.
Major players of beverage processing equipment market are Alfa Laval, GEA Group,
Tetra Pak, HRS Process System, Armo Manufacturing, KHS, Krones Group, Pentair,
SPX Flow, Bucher Industries and Factory Automation. Companies are increasing
production capacity and bringing automation in the machinery to capture the market.
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India based e quipment company, Alfa Laval has increased its spending in R&D
division to improve energy efficiency and environmental performance in 2016.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
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reports along with growth consulting services. Our business intelligence and industry
research reports offer clien ts with penetrative insights and actionable market data
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