Beverage Processing Equipment Market Overview
Beverage Processing Equipment Market size is estimated at $19 billion in 2020, projected to grow at a CAGR of 6.8% during the forecast period 2021-2026. The parts, processing devices, and systems used to handle, store, and pack beverage items are referred to as beverage processing equipment. These machines are commonly used in the beverage processing industry to transform raw agricultural materials and semi-processed goods into a variety of beverage products that are ready to drink like machines soda maker machine, carbonated water maker or further processed. Beverage processing entails a number of steps, including sugar syrup preparation, fermentation, and liquid blending. Increased demand for pasteurized milk, UHT milk and organic milk, aids demand for Beverage Processing Equipment Industry. Green innovations are encouraging producers to substitute old beverage manufacturing equipment like soda maker machine, liquid filling machine with energy-efficient alternatives in order to reduce production costs and carbon footprint. For instance, the addition of machine learning and the Industrial IoT to food and beverage processing equipment, as well as customization options, would increase the equipment’s production capacity. Increasing consumer understanding of diseases such as diabetes, obesity, and heart attacks is prompting consumers to choose healthier drinks that are low in fat and sugar. This factor would have a positive impact on the demand for beverage processing equipment industry.
The report: “Beverage Processing Equipment Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Beverage Processing Equipment Market.
By Equipment Type: Filtration Equipment, Brewery Equipment – Mash Tuns, Brew Kettle, Fermentation Tanks and Bright Beer Tanks, Heat Exchangers – Tubular Heat Exchangers, Plate-Type Heat Exchangers, Extended Surface Heat Exchangers and Regenerative Heat Exchangers, Carbonation Equipment, Blenders, Storage Tanks, Cooling Tunnels and Others.
By Beverage Type: Alcoholic Beverages, Non-Alcoholic Beverages and Dairy Beverages.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).
Beverage Processing Equipment market growth is being driven by an increase in demand for non-carbonated drinks owing to the increasing demand for gluten-free, clean, low-calorie, and low-carbon drinks.
Geographically, North America Beverage Processing Equipment Market held the largest revenue share of 39% in 2020 owing to the growing customer preference for low-calorie beverages, carbonated water maker and rising concerns pertaining to health safety in the region. The scope of the Beverage Processing Equipment Market for various regions will be provided in the final report.
The Beverage Processing Equipment Industry is expanding owing to adoption of a new lifestyle and the high disposable income of middle-class households, consumers’ preferences have moved dramatically towards soft drinks and beers.
The rising alcoholic beverage consumption, craft beer popularity, and social acceptance in both developed and developing countries is going to push the Beverage Processing Equipment industry forward during the forecast period 2021-2026.
Beverage Processing Equipment Market: Market Share (%) by Region, 2020
Beverage Processing Equipment Market
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Beverage Processing Equipment Market Segment Analysis – By Equipment Type:
Based on Equipment Type, Filtration Equipment Segment accounted for the largest revenue market share in 2020. This is due to the fact that it necessitates the use of costly equipment such as fermenters, mash filters, and other similar products. Filtration systems have a large market share and are poised to expand as new techniques for extending product shelf life are developed. It has a wide range of applications in the separation and filtration of raw materials for the production of finished goods. Furthermore, due to the growing demand for fortified beverages, these are used in almost every manufacturing industry. Furthermore, during the forecast period, the rising income level of the target customers would have a positive effect on beer demand thereby, driving the Beverage Processing Equipment Industry. Brewery Equipment segment is anticipated to grow with the fastest CAGR of 6.9% in the forecast period 2021-2026 as new techniques for soda maker machine extending product shelf life are developed.
Beverage Processing Equipment Market Segment Analysis – By Beverage Type:
Based on Beverage Type, Alcoholic Beverages accounted for the largest revenue market share in 2020. The demand is growing owing to innovations and developments in the production of vodka, bear, flavored liquor and cocktails, as well as evolving customer lifestyles, drinking preferences, and a rise in the number of breweries and wineries around the world. Furthermore, demand for premium and super-premium alcoholic drinks is increasing rapidly in both developed and developing economies. The growing popularity of socializing and mid-week/weekend parties among young and working professionals has aided the segment’s growth. Furthermore, recent advances in honey-derived products tend to be a viable option for creating innovative alcoholic beverages for customers and driving the market’s potential growth. Furthermore, recent advances in honey-derived products tend to be a viable option for creating innovative alcoholic beverages for customers and driving the Beverage Processing Equipment Industry. Dairy Beverages is projected to witness the fastest CAGR of 7.4% during the forecast period 2021-2026 owing to protein, calcium, vitamin A and other vital nutrients found in milk-based beverages play an important role in an individual’s growth and development. Furthermore, the growth of the dairy beverages segment is expected to be fuelled by the growing hectic lifestyles of the working population, as well as rising health-consciousness among consumers.
Beverage Processing Equipment Market Segment Analysis – By Geography:
Based on Geography, North America Beverage Processing Equipment Market accounted for the 39% revenue share in 2020. Many internationally renowned beverage manufacturers, such as PepsiCo and Coca-Cola, are headquartered in the region. The growing obesity crisis in the United States and Mexico, as well as government-imposed sugar taxes, are serving as both restrictions and drivers for CSDs and goods made with low-calorie non-nutritive sweeteners, soda maker machine, liquid filling machine accelerating Beverage Processing Equipment Industry expansion across the region. Forwarding incorporation is being used by manufacturers in this country to increase their involvement in the value chain. A new trend in this sector is expected to be the combination of processes from inbound logistics to after-sales services. This is expected to result in higher-quality and lower-cost finished goods that deliver optimal output and lifetime value. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 as the manufacturers in this region are focusing on developing the benchmark product in the range of Beverage Processing Equipment for increasing shelf life & productivity which propel the Beverage Processing Equipment market.
Beverage Processing Equipment Market Drivers
The Growing Demand for Carbonated Drinks:
Ready-to-drink beverages have become popular among consumers due to their busy lifestyles. The rise of the low-calorie ready-to-drink carbonated drinks market in the food industry is due to rising demand for clean-label, gluten-free, low-calorie, and low-carb items. For instance, Diageo introduced a low-calorie Seltzer under the Smirnoff brand in 2017. The company also sells low-calorie RTD drinks that are low in sugars, sugar-free, and sweetened with artificial sweeteners. In the coming years, developing countries in Asia-Pacific and South America are likely to follow the low-calorie soda trend, carbonated water maker fuelling the demand for Beverage Processing Equipment Industry. Furthermore, government legislation requiring certain sanitary conditions in manufacturing facilities have increased demand for specialized beverage processing equipment.
Beverage Processing Equipment Market Challenges
Product-related safety standards and complex production processes:
The beverage processing equipment market’s growth is hampered by complex manufacturing processes, product-related safety standards, and stringent government regulations. Nonetheless, as the beer industry expands, demand for brewing equipment, heat exchangers, and carbonated water maker equipment is expected to rise. In the coming years, this would help to improve the demand. Sugar is abundant in flavored and caffeinated soft drinks, which can lead to obesity if consumed in large amounts. To preserve their wellbeing, a growing number of people are avoiding the consumption of flavored and caffeinated soft drinks, posing a major challenge to the beverage processing industry.
Beverage Processing Equipment Market Landscape:
The Beverage Processing Equipment Market’s main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Beverage Processing Equipment Market top 10 companies are Dematech, TechniBlend, Alfa Laval, GEA Group, Tetra Pak, HRS Process System, Caloris Engineering, LLC, China Joylong Group Co.,Ltd., Carmel Engineering, Inc., Krones Group, Pentair, Bucher Industries and Factory Automation.
In April 2019, Caloris Engineering, LLC and Seitz Stainless entered into an agreement in 2019 to buy the company. Caloris’ experience in evaporators, dryers, and membranes will be combined with Seitz Stainless’s wide range of food and beverage equipment, including heat exchangers, tanks, and custom equipment, with this acquisition.
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