Global Beverage Processing Equipment Market expected to reach $ 26.75 million Growth By 2026
Global Beverage Processing Equipment Market By Product Type (Brewery Equipment, Filtration Equipment, Carbonation Equipment, Sugar Dissolvers and Blenders & Mixers, Heat Exchangers, Others), Beverage Type (Alcoholic Beverages, Non-Alcoholic Beverages, Dairy Beverages)
Market Analysis: Global Beverage Processing Equipment MarketGlobal beverage processing equipment market is expected to rise to an estimated value of USD 26.75 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The rise in the market value can be attributed to the rising demand for alcoholic beverages, rising demand for pasteurized milk over raw milk and continuous improvement and advancements in equipments.
Key Developments in the Market:
In April 2019, Caloris Engineering, LLC has entered into an agreement to acquire the business of Seitz Stainless. With this acquisition Caloris would combine its expertise in evaporators, dryers and membranes along with Seitz Stainless’s variety of food and beverage equipments including heat exchangers, pressure vessels, tanks and custom equipment. Thus, Caloris would serve as an all in one shop for designing, engineering and producing equipments for dairy, beverages, food, juices and wastewater.
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Market Definition: Global Beverage Processing Equipment MarketBeverage processing equipment is used for converting basic raw materials or ingredients into juices, soft drinks, alcoholic beverages, dairy beverages and processed water. Several complex procedures are involved in the processing of beverages such as boiling, mixing, blending, pasteurization, homogenization, filtration, and separation of various raw materials. The design of beverage processing equipments varies according to the specific requirements and process involved in that particular beverage type.
Market Drivers:
- Rising growth in the number of microbreweries and beer pubs boosts the growth of this market
- Growing health awareness amongst the people drives the demand for fortified beverages and health drinks which in turn serves as a catalyst to the growth of this market
- Changing lifestyles and busy schedule raises the demand for ready to drink health supplement beverages
- Increasing income and purchasing power also accelerates the spending on soft drinks, juices, alcohol etc which in turn drives the demand for this market
Market Restraints:
- High cost associated with energy and power consumption hampers the growth of this market
- Strict government norms and regulations also threatens the growth of this market
- Complex procedures involved in processing beverages hinders the growth
By Product Type
- Brewery Equipment
- Mash Tuns
- Brew Kettle
- Fermentation Tanks
- Bright Beer Tanks
- Filtration Equipment
- Membrane Filtration
- Carbonation Equipment
- Sugar Dissolvers and Blenders & Mixers
- Sugar Dissolvers
- Blenders & Mixers
- Homogenizers
- Heat Exchangers
- Tubular Heat Exchangers
- Plate-Type Heat Exchangers
- Extended Surface Heat Exchangers
- Regenerative Heat Exchangers
- Others
By Beverage Type
- Alcoholic Beverages
- Non-Alcoholic Beverages
- Carbonated Beverages
- Non-Carbonated Beverages
- Dairy Beverages
Global beverage processing equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of beverage processing equipment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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