Beverage Processing Equipment Market Industry Trends, Share, Growth Insight, Size, Regional and Global Forecast To 2026
The rising demand for healthy beverages is predicted to impel companies to launch new beverages, which will in turn enable growth in the beverage processing equipment market says Fortune Business Insights in a report, titled “Beverage Processing Equipment Market Size, Share And Global Trend By Equipment Type (Heat Exchangers, Brewery Equipment, Filtration Equipment, Blending and Mixing Equipment, Carbonation Equipment), By Beverage Type (Alcoholic Beverages, Carbonated Beverages, Non-Carbonated Beverages, Dairy-based Beverages), And Geography Forecast Till 2026.” Growing consumer income across developed and developing nation is predicted to aid growth of the beverage processing equipment market.
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List of the major companies that are present in the global beverage processing equipment market
- Alfa Laval Corporate AB
- Bevcorp LLC
- Tetra Pak
- Krones AG
- SPX FLOW
- Carmel Software Corporation
- John Bean Technologies Corporation
- Bucher Industries AG
- Pentair Plc
New Products and R&D Initiatives Will strengthen the market
The global beverage processing equipment market is predicted to expand exponentially during the forecast period, owing to the growing demand for beverages in the food and beverage industry. Rising demand for healthy beverage products and increasing user income across developed as well as developing nations are expected to escalate the demand for various range in new beverages such as soft drinks, alcoholic beverages and others. This factor is predicted to drive the global beverage processing equipment market during the forecast period. Furthermore, key players in the global beverage processing market are aiming to launch new products along with investing in RandD activities to gain a strong foothold in the global market.
For Instance, In June 2018, JBT Corporation announced the launch of READY Go FVP, a new system for cold extracted vegetable and fruit juices. The product aims to offer juice extraction up to 5 tons per hour of raw product. This factor is likely to boost the global beverage processing equipment market.
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Opportunities Prevalent in Asia Pacific to Contribute to Exponentially Growth of the Global Market
Geographically, the global beverage processing equipment market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. Asia Pacific is expected to dominate the global beverage processing equipment market during the forecast period owing to the increasing demand for alcoholic beverages, dairy-based beverages, carbonated beverages, and fruit juices across countries in the region. Enhancement in the living standard of people in the developing economies of Asia Pacific, along with the rising income of users is predicted to fuel demand and aid in the growth of beverage processing equipment market during the forecast period.
Change in Consumer Preference Will Fuel Demand
Beverage processing equipment is used for production and processing of beverage products that have been synthesized from various sources for the preparation of aerated drinks such as, dairy, fruit juices and others. On the basis of beverage type, the global beverage processing equipment market has been segmented into alcoholic beverages, carbonated beverages, non-carbonated beverages, and dairy-based beverages.
The alcoholic beverage segment is expected to witness rapid growth in the forthcoming years, owing to increasing consumption of alcoholic beverages across developing nations. In addition, increasing governmental regulations for keeping and maintaining hygiene by beverage manufacturer is also likely to propel the growth of the global beverage processing equipment market. However, rising consumer concern over food and beverage is predicted to hamper the growth of the global beverage processing equipment market.
SECONDARY DATA SOURCES THAT WE REFER TO:
- Annual reports, investor presentation, SEC filings, and press releases of companies operating in the market.
- Studies published by relevant associations (Institute of Food Technologists, Food and Drug Administration; Food and Agriculture Organization; Codex Alimentarius; etc.), government sources (World Bank; FoodDrinkEurope, Food Processing and Certification Bodies; etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Food Processing Magazine, Food Safety Magazine, ResearchGate, etc.
- Website, reports, and press releases of end user facilities Food and beverage manufacturers and food service providers.
- Industry journals and paid databases.
Secondary Research is conducted to derive the following information:
- Details such as revenues, market share, strategies, growth rate, product and their pricing by region/country for all major companies.
- Details in relation to the parent market/related market, value and supply chain analysis, distribution channels, trade analysis, and recent technological developments.
- Market dynamics in relation to the market under focus Drivers, restraints, trends, and opportunities.
- Market and technological trends and new product developments
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