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The global beverage processing equipment market is expected to expand at a crucial pace during the forecast period, owing to increasing demand for the product across growing food & beverage processing industry. Increased demand for healthy beverage products and growing consumer income across developed as well as developing markets is projected to aid demand for various beverage varieties, that includes soft drinks, alcoholic beverages, and others, which in turn is expected to boost the market growth during the forecast years.
Key companies operating in the global beverage processing equipment market are focusing on the launch of innovative products and strengthening their R&D capabilities to maintain their market prominence. Alfa Laval Corporate AB, John Bean Technologies Corporation, Tetra Pak, Inc., and Bevcorp LLC are some of the key companies performing in the global beverage processing equipment market.
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Beverage processing equipments are utilized for production and processing of beverage products that has been synthesized from numerous sources for the preparation of aerated drinks, fruit juices, dairy beverages, and others. A wide variety of beverage processing equipments can be used depending on the beverage type and processing type required. For being commercially usable, a beverage processing equipment must meet safety standards set by food & beverage regulatory authorities, such as FDA.
Rapid change in consumer preferences has led to increased demand for functional beverages that are rich in nutrition content, which is expected to boost the market growth of beverage processing equipment. Rising governmental regulations over maintaining highest hygienic conditions by beverage manufacturers is expected to further propel the growth of beverage processing equipment market in the upcoming years.
Growing consumer concern over the safety of food & beverage product has led to the demand for highly purified and superior quality beverage products, production of which is a complex process. This fact is anticipated to hinder the beverage processing equipment market growth during the forecast years.
Some of the major companies that are present in the global beverage processing equipment market are Alfa Laval Corporate AB, Bevcorp LLC, Tetra Pak, Inc., Krones AG, SPX FLOW Inc., Mueller Co., Carmel Software Corporation, John Bean Technologies Corporation, Bucher Industries AG, and Pentair Plc. among the other players operating in the global beverage processing equipment market.
By Equipment Type
· Heat Exchangers
· Brewery Equipment
· Filtration Equipment
· Blending & Mixing Equipment
· Carbonation Equipment
· Other Equipments
By Beverage Type
· Alcoholic Beverages
· Carbonated Beverages
· Non-Carbonated Beverages
· Dairy-based Beverages
· North America (U.S., Canada, and Mexico)
· Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of ME&A)
On the basis of equipment type, the global beverage processing equipment market has been segmented into heat exchangers, brewery equipment, filtration equipment, blending & mixing equipment, carbonation equipment, and other equipments. Brewery equipments are anticipated to hold the major revenue share during the forecast years, due to their increased utilization in brewing of beer and other alcoholic beverages, attributed by their increasing demand across Europe, North America, and countries of Asia Pacific.
On the basis of beverage type, the global beverage processing equipment market has been segmented into alcoholic beverages, carbonated beverages, non-carbonated beverages, and dairy-based beverages. Alcoholic beverage segment is projected to witness rapid growth in the forthcoming years, due to anticipated increase in consumption of alcoholic beverages across the developing economies.
Asia Pacific is anticipated to hold the major market share in the global beverage processing equipment market during the forecast period, owing to rising demand for dairy-based beverages, alcoholic beverages, carbonated beverages, and fruit juices across Asian countries. Enhancement in living standard of population based at developing economies of APAC, coupled with rising income of population of the region is anticipated to fuel the growth of beverage processing equipment market of the region during the forecast years.
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