(I-BusinessNews.Com, December 10, 2019 ) 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, recording a CAGR of 5.0% from 2019 to 2025. The global market is projected to grow in parallel to the growth of the beverage industry. The increased consumption of alcohol, rising need for pasteurized milk to combat raw milk outbreaks, continuous upgradation in the equipment and machinery are factors driving the demand for beverage processing equipment.
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The brewery equipment segment is estimated to account for the largest share in 2019.
Based on type, the beverage processing equipment market is segmented into brewery equipment, filtration equipment, heat exchangers, sugar dissolvers and blenders & mixers, carbonation equipment, and others (cooling tunnels, storage tanks, and crushers). The brewery equipment segment is estimated to account for the largest market share in 2019. The rising demand for alcoholic beverages is projected to drive the growth of the market.
The dairy beverages segment is projected to witness the fastest growth in the beverage processing equipment market in 2019.
By beverage type, the beverage processing equipment market is segmented into alcoholic beverages, non-alcoholic beverages, and dairy beverages. The dairy segment is projected to record the highest CAGR during the forecast period. The rise in the consumption of dairy beverages has also led to an increase in the demand for processing equipment across regions.
The Asia Pacific is estimated to dominate the beverage processing equipment market in 2019
The Asia Pacific accounted for the largest market share in the beverage processing equipment market in 2019. The market for beverage processing equipment in the Asia Pacific region is driven by the growing demand for alcoholic and non-alcoholic beverages such as soft drinks, beer, and flavored milk. The increasing demand for beverages is further driving the growth of the processing industry.
This report includes a study on the marketing and development strategies, along with a study on the service portfolios of the leading companies. It includes the profiles of leading companies such as 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).
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Key Questions addressed by the report:
1. What are the growth opportunities for the beverage processing equipment market?
2. What are the major technologies used in beverage processing equipment market?
3. What are the key factors affecting market dynamics?
4. What are the various types of beverage processing equipment available in the market?
5. What are the key patents filed in the field of beverage processing equipment market?
6. What are some of the major challenges and restraints that the industry faces?
Mr. Shelly Singh