Global Beverage Processing Equipment Market to Reach $36.7 Billion by 2030
The global market for Beverage Processing Equipment estimated at US$23.8 Billion in the year 2023, is expected to reach US$36.7 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030. Brewery Equipment, one of the segments analyzed in the report, is expected to record a 5.8% CAGR and reach US$9.9 Billion by the end of the analysis period. Growth in the Filtration Equipment segment is estimated at 7.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.2 Billion, While China is Forecast to Grow at 9.5% CAGR
The Beverage Processing Equipment market in the U.S. is estimated at US$6.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.4 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.3 Billion by the year 2030.
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