The Latin America Beverage Processing Equipment Market was worth USD 1002.6 million in 2021 and estimated to be growing at a CAGR of 5.44%, to reach USD 1306.64 million by 2026.
Beverages processing equipment has its uses in processing fruits or raw vegetables ingredients into drinks. Beverages processing line is used in various sections such as sugar syrup preparation, blending, fermentation, prepared beverage storage, filling beverages into bottles and pasteurizer. Furthermore, Alcoholic beverage process is divided in two sub-segments based on their preparation type, viz. distilled and fermented beverages. Liqueurs are made from extracts of nuts, fruits and other food products or by juice-blending. With enhancing lifestyles and daily-schedules getting busier, manufacturers are making ready to drink beverages as a dietary supplement. Moreover, they are now also manufacturing processed drinks that are both nutritious and can maintain energy balance.
Consumers are now getting more health-conscious and they require healthy beverages with low levels of fat, sugar, cholesterol, and new flavours altogether. This is positively influencing the market for beverage processing equipment. Also, the demand for fortified beverages has grown as the consumers are moving toward healthy drinks that have required essential micronutrients. This is subsequently driving the growth of non-alcoholic beverage segment in the forecast period.
Beverages processing equipment market is witnessing growth following the growing demand for fortified drinks, rise in per capita spending of the population in developing countries, buyer preference for low calories beverages and growing concerns for safety & health. Moreover, equipment upgradation for lean time management has raised demand for improved-technologies usage to enhance product effectiveness & productivity and increasing stress on quality of beverages - are some other factors that are increasing the revenue growth of beverages processing equipment market in the future. Worries related to safety, complex production process and stringent government regulations may slow down the growth of beverage processing equipment market.
The Latin America Beverage Processing Equipment Market is characterized on the basis of equipment type (Carbonation Equipment Heat Exchangers, Brewery Equipment, Blenders & Mixers, Filtration Equipment, Others) and on the basis of beverage type (Dairy Beverages, Alcoholic Beverages, Non-Alcohol Beverages). Filtration equipment is needed during the production of beverages such as beer, juices, other drinks for separation and filtering processes. Filtration is of prime importance in every beverage processing industry and it is expecting a growing demand in dairy beverage processing and fortified drinks. The filtration equipment market is estimated to grow at the highest CAGR from 2016 to 2022.
Geographically the Latin America Beverage Processing Equipment Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Based on this current scenario, there is an enormous scope for the beverage processing equipment manufacturers in innovations related to machinery in the market that is efficient enough for faster product output.
Key Players in the Market:
Major Key Players in the Latin America Beverage Processing Equipment Market are
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