The beverage processing equipment market is projected to grow at a CAGR of XX.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2018. The purpose of beverage processing is to manufacture such a product which meets the desired shelf life and reduces the risk of microbial damage by chemically treating the beverage and the package. The increase in income and standard of living has led to increase in consumption of consumer goods which includes beverages which will further drive demand in beverage processing equipment market. Consumption of low calorie, energy and soft drinks is on a rise and the methods of processing these beverages change, which leads to requirement of different processing equipments. This motivates the companies to make big investments in the beverage processing equipments leading to market growth in this sector.
Increasing consumption of beverages.
Introduction of new technologies.
High setup cost.
Strict regulations regarding safety standards.
In February 2019, Alfa Laval introduced twin screw pump, which was added to the company’s hygienic pump portfolio for use in dairy, food, and personal care industries. This launch aimed at simplifying the operation and lead to a reduction in the cost.
In September 2018, Krones Group acquired the business operations and assets of Shanghai Xiantong Equipment Installation Company (China), with a view to expanding its operations in China.
The major players profiled in the beverage processing equipment market include Alfa Laval, GEA Group, Tetra Laval, Krones Group, SPX Flow, Bucher Industries, JBT Corporation and KHS GmbH among others.
The beverage processing equipment market has been analyzed through the following segments:
Blenders & Mixers
Middle East and Africa