Beverage Processing Equipment Market Innovation Trends and Current Business Trends by 2024

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Beverage Processing Equipment Market Growth
Outlook With Industry Review and Forecasts by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Beverage Processing
Equipment Market

• North America is the largest beverage processing
  equipment market due to rise in regional
  consumption both alcoholic non-alcoholic
  drinks. Presence of key players including PepsiCo
  and Coca Cola and their research development
  facilities further boost industry growth.
• Asia Pacific has substantial share in beverage
  processing equipment market with ever increasing
  population and rise in living standards. China is
  largest producer of beer and planning to increase
  its production by around 4.5 that has augmented
  the demand of product. Companies are making huge
  investments to expand their market share in this
  region.
• Europe has significant share with increasing
  dairy alternative products as consumers have
  become more health conscious in this region.
  Middle East Africa has nascent share and
  expected to grow with growing demand for
  non-aerated and multi-functional drinks like
  energy drinks juices.

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• Application Analysis of Beverage Processing
  Equipment Market
• Based on application, beverage processing
  equipment market is segmented into beverage,
  dairy, and fruits vegetables. Beverages
  accounts for the major industry share owing to
  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 and new variants have
  further spurred the demand of product. Growing
  consumption of fruit vegetable squashes has
  risen with changing customer preference towards
  non-aerated drinks.
• Based on equipment, beverage processing equipment
  market is classified into brewery, carbo coolers,
  filtration systems, heat exchangers, blenders
  mixers, pumps and others. Filtration systems have
  significant share and expected to grow with new
  innovation in procedures that increases shelf
  life of the product. It has huge application in
  separation and filtration of raw materials to
  produce end product. Further these are used in
  almost every processing industry due to
  increasing demand of fortified drinks. Brewery
  has substantial share with its requirement in
  alcoholic drinks. These are followed by heat
  exchangers that play an important role in heating
  and cooling of fluids.

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Competitive Market Share of Beverage Processing
Equipment Market

• Major players of beverage processing equipment
  market are Alfa Laval, GEA Group, Tetra Pak, HRS
  Process System, Armo Manufacturing, KHS, Krones
  Group, Pentair, SPX Flow, Bucher Industries and
  Factory Automation. Companies are increasing
  production capacity and bringing automation in
  the machinery to capture the market.
• India based equipment company, Alfa Laval has
  increased its spending in RD division to improve
  energy efficiency and environmental performance
  in 2016.

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