The global beverage processing equipment market is anticipated to grow from USD 20.4 billion in 2021 to USD 26.4 billion by 2026, marking a compound annual growth rate (CAGR) of 5.3% over the forecast period. The expansion of the beverage processing equipment market aligns with the progress in the beverage industry. The surge in the consumption of packaged beverages, driven by on-the-go lifestyles in developing economies, has been a significant factor contributing to the market's growth. Additionally, increased consumer spending on fast-moving consumer goods, such as soft drinks and beer, has further fueled the demand for beverage processing equipment.
The market offers a diverse array of beverage processing equipment types, including brewery, filtration, carbonation, sugar dissolvers, blenders and mixers, and heat exchangers. Among these, the carbonation equipment segment is poised to exhibit the highest CAGR during the forecast period. This growth can be attributed to the rising demand for flavored beverages, including sodas and sparkling water, which necessitate carbonation. Furthermore, carbonation processes are also applied to certain dairy beverages, bolstering the market for carbonators.
In terms of beverage type, the alcoholic beverage segment is expected to hold the largest share in the beverage processing equipment market during the forecast period. This dominance is driven by the increasing consumption of alcoholic beverages, particularly in developing countries such as China and India.
The Asia Pacific region is anticipated to experience the highest CAGR in the beverage processing equipment market over the forecast period. As the focus on health and wellness intensifies, there is a growing preference for beverages with lower fat and sugar content, which has led to increased demand for functional beverages.
China, in particular, is a major player in the tea industry, both as the world's largest tea producer and consumer. With the fast-paced urban lifestyle, ready-to-drink teas, particularly jasmine and green tea, are gaining popularity. Furthermore, China is a significant exporter of tea, further contributing to its pivotal role in the global tea market.
Key players in this market include Tetra Laval (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), Krones Group (Germany), Bucher Industries (Switzerland), SPX Flow (US), JBT Corporation (US), KHS GmbH (Germany), and Pentair (US). These companies play a crucial role in driving advancements and innovations in the beverage processing equipment market on a global scale.
Global Beverage Processing Equipment Market was valued at US$ 16.46 Bn in 2017 and is expected to reach US$ 27.75 Bn by 2026, at a CAGR of 6.75 % during a forecast period.The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology.
The report also helps in understanding Beverage Processing Equipment market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence.
Though potable water is important to health, there are the range of beverages developed by manufacturers to produce essential nutrients required by the body and to compensate with the dehydration.
With the continuous amendment in lifestyle and growing busy schedule, companies are prefacing able to drink beverages as a dietary supplement.
Liqueurs are mostly prepared by extracts of fruits, nuts, and other food products or by blending juices.The major drivers of the beverages processing equipment market are increasing alcohol consumption and development of new technologies for beverages processing.
