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Beverage Processing Equipment Market was worth USD 11685.4 million in 2019 and estimated to be growing at a CAGR of 4.94%, to reach USD 14870.5 million by 2024.
Beverage processing equipment helps turn raw fruits or vegetable ingredients into beverages. The beverage processing line is presented in a multitude of sections, such as fermentation, sugar syrup preparation, mixing, storage of prepared drinks, bottled beverage filling and pasteurization. The liqueurs are made mainly with fruit extracts, nuts and other food products or by mixing fruit juices. With the constant change of lifestyle and the increasingly busy schedule, manufacturers are preparing to drink beverages as a dietary supplement. Beyond the need, they are now focusing on developing processed beverages that are nutritious and can handle energy balance
Beverage processing equipment is used to treat and produce synthetic drinks from a variety of sources and formulations to prepare a range of products such as fruit juices, dairy products, non-alcoholic beverages, alcoholic liquors and treated water. Beverage processing equipment is generally designed and manufactured to the specifications required to process the type of drink. The FDA and other similar regulations regulate beverage processing equipment. Manufacturers of beverage processing equipment must comply with strict rules put in place by the FDA and related regulatory agencies for health and safety reasons. Beverage processing involves boiling, mixing, pasteurizing, homogenizing, filtering and separating various raw materials. In addition, consumer spending on beverages such as fruit juice, non-alcoholic drinks, bottled water, tea, coffee, beer, wine, etc., is rising steadily due mainly to the increase in disposable income and changing eating habits. This should, in turn, provide a robust platform for the growth of the beverage processing equipment market.
Beverage Processing Equipment Market: Market Dynamic:
Traditionally, market demand for beverage processing equipment has remained in industries based on alcoholic beverages and soft drinks. However, since the last decade, the growing preference for the consumption of non-alcoholic drinks, such as functional drinks and dairy products, has stimulated growth in the beverage processing equipment market, particularly in developing economies. The arrival of the bottled water market is another factor behind the growing demand for beverage processing equipment.
The Asia-Pacific region is expected to represent the largest market share during the forecast period
The Asia Pacific accounts for the largest share of the beverage processing equipment market. The beverage processing equipment market in the Asia-Pacific region is fueled by growing demand for beverages such as soft drinks, fruit juices and alcoholic beverages. The Asia Pacific has a massive market for drinks. The higher standard of living for people due to rising income levels is one of the main factors driving the beverage market in this region.
In February 2019, Alfa Laval introduced the double screw pump, which was added to the company's hygienic pump portfolio for use in the dairy, food and personal care industries. The launch was intended to simplify the operation and reduce costs.
In April 2019, Koch Membrane Systems, a global manufacturer of innovative membrane filtration solutions, announced the launch of TIDAL direct osmosis (FO) technology, designed for applications in food, beverages and life sciences the new technology allows the concentration of the product without heat.
In June 2018, JBT Corporation announced the launch of READYGo FVP, a fresh cold-drawn fruit and fruit juice system. The product claims to provide juice extraction of up to 5 tons per hour of raw product.
The market for beverage processing equipment is analyzed in different regions, such as Europe, Asia-Pacific, North America and the rest of the world. Improved standard of living of the population due to the increase in income is one of the essential factors that drive the beverage market in this region. In addition, China is one of the main contributors to the demand for equipment for alcoholic beverages, as it is the largest producer of beer in the world. Large beverage companies such as PepsiCo and Coca-Cola have made significant investments in Asian countries. Based on this current scenario, beverage processing equipment manufacturers have plenty of space to market innovative machines that are efficient enough to produce products faster and more efficiently.