The Asia Pacific Beverage Processing Equipment Market would witness market growth of 5.3% CAGR during the forecast period (2021-2027).
Manufacturers are continuously developing new processing techniques to develop complex beverage products of various sorts and tastes, consequently focusing on serving to the rising demand from customers, which has a significant influence on the beverage processing equipment market. Furthermore, a growing emphasis on facility development, marketing schemes, and information sharing programmes to raise awareness and improve the applications of beverage processing equipment is expected to contribute to the growth of the market.
The shifting preference of the consumers towards healthy lifestyle and high consumption of various healthy drinks and supplements would motivate manufacturers to use equipment for the processing of these beverages.
In India, increasing urbanisation and rising wealth have led in an enormous increase in demand for alcoholic beverages. The consistent growth in consumption of these beverages can be linked to a variety of variables, including increased disposable income and a rapidly urbanizing population, among others. A thriving local and international trade encourages the usage of alcoholic drinks. With rising product premiumization, consumption by middle- and low-income consumers has soared, implying that output will rise as well. Alcohol consumption is increasing in China and India, which might be attributed to intensive marketing by the alcohol business and growing affluence in these nations. The expansion of the food & beverage sector has also contributed significantly to the region's economic prosperity.
The China market dominated the Asia Pacific Beverage Processing Equipment Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2.2 billion by 2027. The Japan market is poised to grow at a CAGR of 4.6% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 5.9% during (2021 - 2027).
Based on Beverage Type, the market is segmented into Alcoholic, Non-Alcoholic (Carbonated Beverage and Non-Carbonated Beverage), and Dairy. Based on Mode of Operation, the market is segmented into Semi-Automatic and Automatic. Based on Type, the market is segmented into Brewery Equipment, Filtration Equipment, Sugar Dissolvers Equipment, Blenders & Mixers, Heat Exchanger, Carbonation Equipment, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Beverage Processing Equipment Market is Projected to reach USD 26.9 Billion by 2027, at a CAGR of 4.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include John Bean Technologies Corporation, Alfa Laval AB, GEA Group AG, The Krones Group, Pentair PLC, Bucher Industries AG, Praj Industries Limited, KHS Group, Tetra Level International S.A., and SPX Flow, Inc.
By Beverage Type
By Mode of Operation
By Type
By Country
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