The Beverage Processing Equipment Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Beverage Processing Equipment Market is estimated to be USD 11140.65 million in 2018 and predicted to rise to USD 14144.28 million by 2023 with Global Beverage Processing Equipment Market a CAGR of 6.03%. The market is segmented by Equipment Type (Brewery Equipment, Filtration Equipment, Carbonation Equipment, Blenders & Mixers, Heat Exchangers, Others), and Beverage Type (Alcoholic Beverages, Dairy Beverages, Non-Alcohol Beverages). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Consumers are becoming increasingly health conscious and are demanding healthy beverages with low fat, low cholesterol, low levels of sugar and new flavours. These factors are influencing the market for beverage processing equipment. Additionally, the demand for fortified beverages has risen as the consumers have inclinations toward healthy drinks that have essential micronutrients. This is leading to the increased growth of non-alcoholic beverage segment during the given forecast period.
Filtration equipment is being used and required at the time of production of beverages such as juices, beer and soft drinks for separation and filtering processes. In beverage processing industry involvement of filtration is observing growing demand in dairy beverage processing and fortified drinks. The filtration equipment market is estimated to grow at the highest CAGR from 2016 to 2021.
Asia-Pacific has a huge market for beverages; better standard of living of the people due to the income levels hike is driving the beverage market in this region. Moreover, China is one of the major contributor to the alcoholic beverage equipment market as it happens to be the world’s largest producer of beer. Big companies such as PepsiCo and Coca Cola have made enormous investments in Asian countries. On the basis of current scenario, there is a huge market scope for the beverage processing equipment manufacturers in bringing innovative machinery in the market which is effective enough for efficient and faster product output.
Major players of beverages processing equipment market are KHS GmbH, Tetra Pak International S.A., Pentair Plc., Bucher Industries AG, GEA Group AG, Krones AG, Alfa Laval AB, HRS Process Systems Ltd., SPX FLOW Inc., Advanced Composite Industries.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-beverage-processing-equipment-market-2381/” and checkout our recent reports in the Processed category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/processed-food-15/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.