According to a Future Market Insights (FMI) report, anticipated to demonstrate consistent growth between 2023 and 2033, the global beverage processing equipment market is projected to exhibit a steady CAGR of 4.9%. The market value is poised to ascend from its 2023 figure of US$ 7.7 billion to a noteworthy US$ 12.8 billion by 2033’s conclusion.
On a global scale, the complex beverage market is undergoing robust expansion, paralleled by a surge in the consumption of dairy beverages alcoholic and non-alcoholic drinks. Despite the transformative shifts in the beverage industry’s image projection, there remains a persistent upswing in the demand for equipment. The impetus behind the Beverage Processing Equipment market stems primarily from the escalating growth within the processing sector, particularly in emerging markets, the proliferation of craft breweries, and the innovation driving beverage processing technologies.
Furthermore, a surge in demand for a range of beverages, including flavored water, carbonated soft drinks, beer, wine, spirits, liquid dairy products (LDP), malt, nectar, isotonic drinks, tea, across both developed and developing nations, is expected to fuel the sales of Beverage Processing Equipment throughout the evaluation period. A noteworthy example is the projection by the National Beer Wholesalers Association (NBWA), estimating an export of approximately 208.6 million barrels of beer from the American beer industry in 2021.
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In other words, in 2021, the nation exported the equivalent of over 2.9 billion cases of beer. In the same year, it also sold roughly 3.5 million barrels of perry, hard cider, and other fermented goods, or more than 49 million cases. Due to the increased demand for creative beverages around the world, these numbers are expected to increase quickly. This will drive up the price of Beverage Processing Equipment.
The Asia Pacific region is a booming market for both alcoholic and non-alcoholic beverages, according to FMI. Beer and soft drink consumption is mainly dominated by China and India. Increased demand for beverages, particularly alcohol and soft drinks, has stemmed from the rising population, globalization, and increasing preference for western lifestyles.
Beverage companies are now paying more attention to the population of the emerging middle class in developing nations in Asia, the Pacific, the Middle East, and Africa. In order to meet the exponential demand in an increasingly cutthroat market where consumption of both alcoholic and non-alcoholic beverages is quickly rising, producers in these regions are working to own extremely adaptable and sustainable processes.
Key Takeaways from the Beverage Processing Equipment Market Study:
- The beverage processing equipment industry in France is expected to witness a CAGR of 4.7% during the forecast period (2023 to 2033).
- The Germany beverage processing equipment industry is expected to continue to dominate Europe till 2033 and generate a share of US$ 1.9 Billion.
- The demand for beverage processing equipment is projected to grow at a CAGR of around 5.7% over the next ten years in the U.K.
- The global market for beverage processing equipment is expected to rise from US$ 7.7 Billion in 2023 to US$ 12.8 Billion in 2033.
- Sales of beverage processing equipment are expected to rise at a CAGR of 4.9% during the forecast period.
Competitive Landscape: Beverage Processing Equipment Market
- Tetra Laval (Switzerland)
- Brawn Mixer (Netherlands)
- Paul Mueller Company (US)
- GEA Group (Germany)
- KHS GmbH (Germany)
- Dover Corporation (US)
- Neologic Engineers (India)
- Alfa Laval (Sweden)
- Krones Group (Germany)
- Bucher Industries (Switzerland)
- SPX Flow (US)
- JBT Corporation (US)
- Steplead International Co., Ltd.(China)
- Luwico Group Co., Limited (China)
- Pentair (US)
- Bettcher Industries, Inc. (US)
- Heat and Control, Inc. (US)
North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region’s growing population and rising disposable income levels. Furthermore, the North America Beverage Processing Equipment market is expected to grow rapidly in the next ten years due to the presence of a favorable legal and regulatory environment.
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Key Segments Profiled:
By Product Type:
- Beverage Mixers & Blenders
- Tumbler Blender
- Ribbon Blender
- Paddle Mixer
- Agitator
- Emulsifiers
- Milk Homogenizers
- Heavy Duty Mixers
- Sugar Dissolvers
- Heat Exchanger
- Shell and Tube Heat Exchanger
- Plate Heat Exchangers
- Plate and Shell Heat Exchanger
- Adiabatic Wheel Heat Exchanger
- Plate Fin Heat Exchanger
- Brewery
- Fermentation Equipment
- Brew House Equipment
- Carbonation
- Control & Monitoring
- Filling & Packaging
- Mashing Equipment
- Milling Equipment
- Filtration
- Sedimentation Equipment
- Gravity Filtration Equipment
- Centrifugal Separators
- Clarifiers
- Thickeners
- Others (Cooling Tunnel, Storage Tanks, Milk Pasteurizer, and Crushers)
By Beverage Type:
- Alcoholic
- Non-alcoholic
- Carbonated
- Non-Carbonated
- Dairy-Based Beverages
By Automation Grade:
- Automatic
- Semi-automatic
By Region:
- North America
- Latin America
- East Asia
- South Asia
- Oceania
- Europe
- Middle East & Africa (MEA)
Explore Future Market Insights, Inc. Extensive Coverage in Process Automation Domain:
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Meat Processing Equipment Market Share: Between projected period 2023 to 2033, the global Meat Processing Equipment Market is expected to grow at a CAGR of 5.2%. The market is projected to be valued at US$ 8,467.0 Million by 2033 and is likely to reach US$ 5,100.0 Million in 2023.
Reach-In Freezers Market Growth: The global Reach-In Freezers Market is expected to be valued at US$ 2.2 billion in 2023. With the increasing government initiatives promoting the use of energy-efficient appliances, the overall sales for Reach-In Freezers is projected to grow at a CAGR of 3.7% between 2023 and 2033, totalling around US$ 3.2 billion by 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
About the Author:
Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.
What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.
She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.
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The post Sales of Carbonated Soft Drinks and Beer Set to Drive the Beverage Processing Equipment Market Beyond US$ 12.8 Billion by 2033 appeared first on Future Market Insights.
Published by: Future Market Insights, Inc.