The Global Beverage Processing Equipment Market size is expected to reach $26.9 billion by 2027, rising at a market growth of 4.9% CAGR during the forecast period.
Rising demand for processed and packaged food products from nations such as China, as well as an inclination toward automation technologies facilitated by the Artificial Intelligence (AI), Internet of Things (IoT) and Industry 4.0 to boost productivity and govern the quality, sanitation of processed foods and traceability have fuelled the growth of the market. The fact that the food and beverage processing industry is undergoing a significant transformation across the world, would surge the adoption of new regulations by government agencies and private organizations, as well as advancements in automation technologies.
This evolution seems appropriate given that these machines are primarily aimed toward food transformation, such as improving taste, appearance, feel, and absorption, and also trying to extend and retain shelf life. Because of the availability of food processing technologies and machinery that reduce processing time while improving manufacturing efficiency, various food products like baked goods, meat products, dairy goods, and beverages are now made in seconds.
The outbreak of the COVID-19 pandemic has impacted various domains of the business. The imposition of various restrictions like complete lockdown, disruption in supply chain and temporary ban on manufacturing units have hampered the demand and supply of various products across the world. Due to the sheer importance of safe, nutritious, and nutritive food, the COVID-19 pandemic is expected to have a substantial influence on the beverage processing equipment industry. Food security, food safety, and food sustainability have all suffered as a result of the Covid-19 pandemic. Consumer behavior in relation to the beverage shifted dramatically, with a preference for beverages with functional advantages and safety.
There is an increase in the demand for various equipment and devices across developing nations of the world. The expanding manufacturing sector along with the rising consumer demand would provide lucrative opportunities for the key market players. As a result, beverage companies are focusing increasingly on the expanding middle classes in developing areas in regions such as Asia Pacific, the Middle East, and Africa. Many key beverage manufacturers are collaborating with the beverage processing equipment manufacturers to customize machines as per the client’s requirement with better and personalized features.
Consumers are nowadays looking for beverages that are able to give a surplus benefit other than satisfying their thirst. Most of the fruit and beverage companies are spreading their product line by the addition of functional beverages to their portfolio, including probiotic drinks. The increase in the health-conscious population is one of the major factors that is driving the demand for these functional drinks. The growing demand for various beverage supplements has also shown that consumers are favoring beverages with health benefits. The augmented proof of health benefits related to probiotics for health refurbishment has amplified the customer prospects related to probiotics for health therapeutic functions.
The installation of various types of processing equipment by beverage processing companies needs large capital investments. Renting processing equipment involves less capital investment and saves on yearly maintenance costs, which are often handled by rental providers. The beverage sector is very dynamic in terms of developing and maintaining an infrastructure with capacity flexibility and the ability to fulfil customer needs on a regular and sometimes immediate basis. The infrastructure consists of the buildings, machinery and equipment, and logistical systems that are necessary to manufacture and distribute high-quality, marketable products.
Based on Beverage Type, the market is segmented into Alcoholic, Non-Alcoholic (Carbonated Beverage and Non-Carbonated Beverage), and Dairy. In 2020, the non-alcoholic segment garnered a significant revenue share in the beverage processing equipment market. This segment is further divided into Carbonated and Non-Carbonated Beverage segment. Among these two segments, the carbonated beverage segment dominated the market with the highest revenue share in 2020. Soft drinks are one of the most often consumed non-alcoholic beverages.
Consumption has increased among children and adolescents. The growing popularity of sparkling water with additional tastes among the health-conscious generation X and Y is a recent trend. Sparkling water includes calcium, magnesium, and vitamins, all of which are beneficial to one's health. This enables customers to keep a healthy lifestyle while still enjoying fizz and flavour.
Based on Mode of Operation, the market is segmented into Semi-Automatic and Automatic. The semi-automatic segment dominated the beverage processing equipment market with the largest revenue share in 2020. A portion of the function in this category of equipment is semi-automated, and it also requires human interaction to operate. Because semi-automatic technology is less expensive than automatic machinery, it is commonly utilized in microbreweries, as well as less industrialized and labor-intensive countries.
Based on Type, the market is segmented into Brewery Equipment, Filtration Equipment, Sugar Dissolvers Equipment, Blenders & Mixers, Heat Exchanger, Carbonation Equipment, and Others. In 2020, the Filtration Equipment Segment procured the maximum revenue share in the beverage processing equipment market. This is because it involves the use of expensive equipment such as fermenters, mash filters, and other allied products. It has several uses in the separation and filtering of raw materials for the manufacturing of finished goods. Additionally, as the demand for fortified beverages grows, the companies are highly implementing advanced solution in their industrial area.
| Report Attribute | Details |
|---|---|
| Market size value in 2020 | USD 19.8 Billion |
| Market size forecast in 2027 | USD 26.9 Billion |
| Base Year | 2020 |
| Historical Period | 2017 to 2019 |
| Forecast Period | 2021 to 2027 |
| Revenue Growth Rate | CAGR of 4.9% from 2021 to 2027 |
| Number of Pages | 288 |
| Number of Tables | 464 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Type, Beverage Type, Mode of Operation, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Egypt, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerges as the leading region in the beverage processing equipment market with the largest revenue share in 2020 and is estimated to continue this trend over the forecast period. It is owing to the rising consumption of alcoholic and non-alcoholic beverages, as well as a strong concentration of major beverage companies such as Coca-Cola and PepsiCo in the regional market.
Free Valuable Insights: Global Beverage Processing Equipment Market size to reach USD 26.9 Billion by 2027
The major strategies followed by the market participants are Product Launches and Acquisitions. Based on the Analysis presented in the Cardinal matrix; Pentair PLC and Alfa Laval AB are the forerunners in the Beverage Processing Equipment Market. Companies such as SPX Flow, Inc., The Krones Group and John Bean Technologies Corporation are some of the key innovators in the Market.
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 Geography
The beverage processing equipment Market size is expected to reach $26.9 billion by 2027.
Increase in health consciousness among customers are driving the market in coming years, however, requirement of huge capital have limited the growth of the market.
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.
The Brewery Equipment market is generating high revenue in the Global Beverage Processing Equipment Market by Type 2020, and would continue to be a dominant market till 2027.
The Automatic market shows high growth rate of 6.2% during (2021 - 2027). Automation has various benefits, including lower operational and labor costs, improved worker safety, reduced waste, and increased uptime.
The North America market dominated the Global Beverage Processing Equipment Market by Region 2020, and would continue to be a dominant market till 2027.
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