Key Players in the Beverage Processing Equipment Market & Their Business Strategies

The beverage processing equipment market is projected to grow from USD 20.4 billion in 2021 to USD 26.4 billion by 2026, recording a compound annual growth rate (CAGR) of 5.3% during the forecast period. The demand for beverage processing equipment is increasing significantly, due to the increasing consumption of beverage products in developing countries such as China, India, South Africa, and Brazil.

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Key players in this market include Tetra Laval (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), Krones Group (Germany), Bucher Industries (Switzerland), SPX Flow (US), JBT Corporation (US), KHS GmbH (Germany), and Pentair (US). Product launches, expansions & investments, mergers & acquisitions, agreements, joint ventures, and partnerships were the dominant strategies adopted by major players. These strategies have helped them to increase their presence in different regions.

GEA Group is one of the leading technology suppliers for the food and beverage processing industry. The company provides customized solutions in food, dairy processing, dairy farming, beverage processing, pharma, chemical, marine, leisure & sport, land-based transportation, and utilities. The international industrial technology group specializes in machinery and plants as well as advanced process technology, components, and comprehensive services.

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Another major player, Tetra Pak was founded by Dr. Ruben Rausing; Tetra Pak provides premium food processing and packaging solutions, including processing equipment’s, packaging equipment and automation solutions to a wide range of customers in the food & beverage industry such as dairy products and alternatives, juice, and nectar, still drinks, wine, and spirits present in over 160 countries in regions including Asia-Pacific, Europe, Central Asia, the Middle East & Africa, and the Americas.

The Asia Pacific market is projected to grow at the highest CAGR during the forecast period

The beverage processing equipment market in the Asia Pacific region is projected to grow rapidly due to the enhanced economic growth in the last decade. The food industry has also played an important role in the region's economic development. Beverage consumption in the regions is also gradually increasing, owing to expanding population, rising income, and rapid urbanization. This growth can be attributed to the high demand for non-carbonated, low-calorie drinks, especially health drinks, fortified drinks, and the Indian government’s initiative for industrialization.

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