Selbyville, Delaware, Aug. 02, 2021 (GLOBE NEWSWIRE) -- According to seasoned analysts, global beverage processing equipment market had amassed revenues worth USD 19.11 billion in the year 2020 and is likely to be valued at USD 26.89 billion by 2027, recording a 5% compound annual growth rate during the analysis timeframe.
The study also elaborates on the market segmentations, such as by type, beverage type, and the geographical terrain. In addition, the report provides significant information regarding the business-centric strategies deployed by the market majors to acquire a competitive lead in this business space. In a nutshell, this research document focuses on ensuring high profitability among entrepreneurs and enterprises looking to invest in new projects.
Beverage processing equipment are essentially machines or systems employed to handle, prepare as well as store beverages. Thus, growing food & beverage sector coupled with improving standards of living are some of the primarily growth stimulants of global beverage processing equipment industry.
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Growing consumption of alcoholic & non-alcoholic beverages in tandem with rising per capita income are also contributing towards the market remuneration. However, factors such as complex production processes associated with the product and strict safety standards could potentially act as a bottleneck to global beverage processing equipment industry expansion.
Regardless, growing demand for such equipment from energy and sugar free drinks are likely to provide lucrative revenue-generating opportunities for the industry participants.
Summarizing the market segmentations
Worldwide beverage processing equipment market has been segmented on the bases of type and beverage type. In terms of type, the market is further classified into heat exchangers, blenders & mixers, sugar dissolvers, carbonation, filtration, and brewery.
Moving on to beverage type, the industry is bifurcated into dairy, non-carbonated, carbonated, and alcoholic segments.
From the regional perspective
Global beverage processing equipment industry, based on its geographical reach, involves regions such as Latin America, North America, Asia-Pacific, Europe, and the rest of the world.
Among these, North America presently holds the largest market share and is deemed to depict similar growth patterns in the ensuing years. Increasing consumption of alcohol & non-alcoholic beverages coupled with high concentration of prominent beverage makers such as Coca Cola and PepsiCo are favoring the regional market outlook.
Asia-Pacific market is also likely to record a robust growth rate during the study period, with China standing tall in terms of revenue hierarchy. This can be attributed to the region’s growing population and improving standards of living.
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Global Beverage Processing Equipment Market by Type (Revenue, USD Billion, 2018-2027)
- Heat Exchangers
- Blenders & Mixers
- Sugar Dissolvers
- Carbonation
- Filtration
- Brewery
Global Beverage Processing Equipment Market by Beverage Type (Revenue, USD Billion, 2018-2027)
- Dairy
- Non-carbonated
- Carbonated
- Alcoholic
Global Beverage Processing Equipment Market Geographical Reach (Revenue, USD Billion, 2018-2027)
North America
- Canada
- United States
Europe
- Italy
- United Kingdom
- Germany
- Spain
- France
- Rest of Europe
Asia-Pacific
- Japan
- India
- Australia
- South Korea
- China
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of the World
Global Beverage Processing Equipment Market by Competitive Scope (Revenue, USD Billion, 2018-2027)
- Praj Industries Limited
- Pentair plc
- KHS GmbH
- JBT Corporation
- SPX Flow Inc.
- Bucher Industries AG
- Krones AG
- Alfa Laval AB
- GEA Group AG
- Tetra Laval
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Beverage Processing Equipment Market, by region, 2019-2027 (USD Billion)
1.2.2. Beverage Processing Equipment Market, by Type, 2019-2027 (USD Billion)
1.2.3. Beverage Processing Equipment Market, by Beverage Type, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Beverage Processing Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Beverage Processing Equipment Market Dynamics
3.1. Beverage Processing Equipment Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Growth in food & beverages industry
3.1.1.2. Rise in disposable income
3.1.2. Market Restraint
3.1.2.1. Complex production process
3.1.2.2. Safety standards of machinery
3.1.3. Market Opportunities
3.1.3.1. Rising demand for energy and sugar free drinks
Chapter 4. Global Beverage Processing Equipment Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Beverage Processing Equipment Market, by Type
5.1. Market Snapshot
5.2. Global Beverage Processing Equipment Market by Type, Performance - Potential Analysis
5.3. Global Beverage Processing Equipment Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Beverage Processing Equipment Market, Sub Segment Analysis
5.4.1. Brewery
5.4.2. Filtration
5.4.3. Carbonation
5.4.4. Sugar Dissolvers
5.4.5. Blenders & Mixers
5.4.6. Heat Exchangers
Chapter 6. Global Beverage Processing Equipment Market, by Beverage Type
a. Market Snapshot
6.1. Global Beverage Processing Equipment Market by Beverage Type, Performance - Potential Analysis
6.2. Global Beverage Processing Equipment Market Estimates & Forecasts by Beverage Type 2018-2027 (USD Billion)
6.3. Beverage Processing Equipment Market, Sub Segment Analysis
6.3.1. Alcoholic
6.3.2. Carbonated
6.3.3. Non-Carbonated
6.3.4. Dairy
Chapter 7. Global Beverage Processing Equipment Market, Regional Analysis
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Smart Home-Based Beverage Machine Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
With constant innovations and growing adoption of smart technologies to serve customers, the smart home-based beverage machine market is set to register momentous growth in the forthcoming time period. The use of smart technologies is on the rise in several industries since digital applications have become more connective and automation promises a market-wide change. Right from robots to smart factories driven by artificial intelligence, innovative smart technologies are driving the beverages vertical into a whole new digital era. The IoT automation technology is providing food & drink manufacturers the means to achieve the benefits offered by the fourth industrial revolution. The beneficial factors included are reduced production costs, and greater efficiency, thereby enhancing automation in the industry by the use of robotics and smart technologies.
Smart espresso or coffee making machine is one of the examples of the use of automation IoT technology. Several smart home industry players are introducing a variety of beverage machines such as juicers and coffee makers that come with an in-build compatibility to different smart home ecosystems such as Amazon’s Alexa or Google’s Google Home.
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