Beverage Processing Equipment Market Size, Share & Trends Analysis By Type, By Beverage Type, By Mode of Operation, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Beverage Processing Equipment Market Size, Share & Trends Analysis By Type, By Beverage Type, By Mode of Operation, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Global beverage processing equipment market is projected to be worth USD 34.1 billion by 2030

According to the recent report published by SPER Market Research, the beverage processing equipment market is estimated to reach USD 34.1 billion by 2030 with a CAGR of 5.9%. Beverages come in different varieties. Healthy beverages such as sparkling water is attracting young generation for it health benefits from calcium, vitamins and magnesium.

Impact of COVID-19 on the Beverage Processing Equipment Market

COVID-19 has impacted the consumer behaviour to shift towards safety, hygiene and nutrition. Consumers now prefer to consume beverages of nutritive value and safety. These changes in consumer behaviour have propelled manufacturers to check their products on safety parameters to maintain the standards in the market. This has resulted in the growth of beverage processing equipment market. However, shortage of semiconductors has impacted the manufacturing of equipment for many industries.

Scope of the report:

Market size available for years
2019-2030

Base year considered
2021

Forecast period
2022-2030

Segments covered
By Type, By Beverage Type, By Mode of Operation

Geographies covered
North America, Europe, APAC, Latin America and the Middle East & Africa

Companies Covered

Alfa Laval, Bucher Industries, GEA Group, JBT Corporation, KHS GmbH, Krones Group, Pentair, Praj Industries Ltd, SPX Flow, Tetra Lava

Driver: Rising consumption of alcohol
The consumption of alcohol is increasing rapidly in developing countries. The increasing per capita income, active marketing of alcohol and rising urbanization. The increasing production of alcohol to fulfil the rising demand has positive impact on the beverage processing equipment market. Awareness for the quality of products has increased among the consumers and they even pay a higher amount for a safe and trusted brand. The changing consumer behaviour around alcohol is a leading driver to this market in the forecast period.

Restraints: Rising cost of energy
The operations of processing equipment require energy and power. The electricity is utilized in running the plants, lighting, refrigeration and other processes. Increasing cost of energy and power are restraints to the advancement of beverage processing equipment market. It is important for the companies to reduce the consumption of electricity by upgrading their equipment, adopting latest technology and improving management.

Opportunity: Rising demand in emerging economies
Emerging economies such as India and China provide growth opportunities to this market owing to rise in consumption of alcoholic and non-alcoholic beverages. Growing population, globalisation and rising income have caused upsurge in the demand of beverages such as soft drinks and beers. The popularity of ready to drink beverages with clean labels such as gluten-free, low calorie is creating growth opportunities.

Challenge: High investment and complex processes of production
The installation of processing equipment is highly costly. Other expenses such as maintenance charges upgrading technology cut down the profit margin on beverages. The manufacturers also opt for rental services for equipment to reduce the cost. The high total cost thus poses significant challenge for this market to grow in the forecast period.

Beverage Processing Equipment Market by Type:

Based on type, market has been segregated into Brewery, Filtration, Carbonation, Sugar Dissolvers, Blenders & Mixers, Heat Exchangers, Other types

Beverage Processing Equipment Market by Beverage Type:

Based on beverage type, the market is segmented into Alcoholic, Carbonated, Non-Carbonated, Dairy The carbonated beverage type segment occupied the largest share of this market. The large share of this segment is attributed to popularity of soft drinks, health benefits of sparkling water and high consumption among children and adolescents.

Beverage Processing Equipment Market by Mode of Operation:

Based on Mode of Operation, the market is segmented into Automatic, Semi-Automatic

Beverage Processing Equipment Market by Region:

Asia Pacific owns the largest share of this market owing to high demand, popularity of carbonated drinks, large population and active marketing of beverages.