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Beverage Processing Equipment Market Size
Beverage Processing Equipment Market size is projected to witness healthy growth during 2024 to 2032, owing to the applications in F&B sector. Improving living standards has increased consumption of beverages such as soft drinks, juices, and beer. As per credible sources, the global beer consumption in 2021 stood at whopping more than 185 million kiloliters.
Increase in disposable income will further enhance customer spending on drinks. The growing beverage consumption will benefit food processing employment sector and further drive the market demand.
Beverage Processing Equipment Market Trends
Latest technological innovations and the construction of new plants to support growing demand for beverages worldwide would offer lucrative opportunities for the market vendors in the coming years. In 2022, Vietnam’s largest dairy firm, Vinamilk announced establishing two high-tech plants to accelerate the milk production capacity in the country. The new facility is set to boost the company’s production capacity by 20%.
Beverage Processing Equipment Market Analysis
Based on type, the non-carbonated segment would record notable gains by 2032, driven by the increasing demand for functional drinks. Consumers are becoming health conscious, favoring the intake of low calorie and healthy drinks such as fruit juices.
In terms of application, the beverage processing equipment industry from the beverages segment will gain decent growth from 2024 to 2032, impelled by presence of large variety of products including soft drinks and beer. Dairy application maintains substantial industry share with its use in almost every part of the world, in association with the introduction of new variants. Growing use of fruit & vegetable squashes has escalated with changing customer choices towards non-aerated drinks.
Based on equipment, beverage processing equipment market from the filtration systems segment is estimated to capture significant revenue share till 2032, given innovations in procedures that increases shelf life of the product. The equipment is used in separation and filtration of raw materials to produce end-product. Furthermore, these are used in almost every processing industry due to increasing demand for fortified drinks.
North America is the largest beverage processing equipment industry due to rise in regional consumption of both alcoholic & non-alcoholic drinks. According to reports, 63% Americans have reported consuming alcoholic beverages. Presence of key players including PepsiCo and Coca Cola and their R&D facilities would further fuel the regional industry growth.
Asia Pacific accounts for substantial share in beverage processing equipment market with ever increasing population and rise in living standards. In India, beer comprises of about 12% of the total alcohol consumption.
Europe is anticipated to stand tall as a growth hub in global beverage processing equipment industry during 2024 and 2032, attributed to increasing consumption of dairy alternative products as consumers have become more health conscious.
Middle East & Africa enjoys considerable market share and is slated to grow with thriving demand for non-aerated and multi-functional drinks like energy drinks & juices.
Beverage Processing Equipment Market Share
Major players involved in beverage processing equipment industry are:
- Alfa Laval
- GEA Group
- Tetra Pak
- HRS Process System
- Armo Manufacturing
- KHS
- Krones Group (Klöckner-Werke)
- Pentair
- SPX Flow
- Bucher Industries
- Factory Automation
These companies are increasing their production capacity and bringing automation in the machinery to gain a competitive edge.
Beverage Processing Equipment Industry News
- In December 2023, IFFCO Group entered an MoU with Tetra Pak, a food processing and packaging solutions provider, to enhance sustainability initiatives across its manufacturing facilities.