The global market for beverage processing equipment has grown exponentially in the last few years. The market size is projected to reach USD 20.02 Billion by 2020, at a CAGR of around 6.1% from 2015 to 2020.
Pune, India -- (SBWIRE) -- 03/08/2016 -- The report "Beverage Processing Equipment Market by Equipment Type (Brewery, Filtration, Carbonation, Blenders & Mixers, Heat Exchangers & Others), Beverage Type (Alcoholic, Non-Alcoholic & Dairy), & by Region - Global Trends and Forecast to 2020", Beverage Processing Equipment market is estimated to reach USD 20.02 Billion by 2020 and is projected to grow at a CAGR of 6.1% from 2015 to 2020.
Browse 75 tables and 60 figures spread through 155 Pages and in-depth TOC on "Beverage Processing Equipment Market - Global Trends and Forecast to 2020"
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The market is driven by factors such as emergence of new technologies to increase the productivity, upgradation of equipment & machinery, and increasing demand for fortified drinks. The high growth potential in emerging markets and untapped regions provides new growth opportunities for market players.
Filtration equipment market is the fastest growing market by equipment type during the period 2015–2020
Filtration equipment is required during the production of beverages such as beer, juices, and soft drinks for separation and filtering processes. Filtration is involved in every beverage processing industry and it has been witnessing growing demand in fortified drinks and dairy beverage processing. The filtration equipment market is projected to grow at the highest CAGR from 2015 to 2020. Brewery was the largest market in 2014 due to high valued equipments involved in the brewery process.
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Significant growth for beverage processing equipment is observed in the Asia-Pacific region
Asia-Pacific has a large market for beverages; the improved standard of living of the people due to the rise in the income levels is one of the major factors that is driving the beverage market in this region. China is a major contributor to the alcoholic beverage equipment market as it is the world's largest producer of beer. Beverage giants such as PepsiCo and Coca Cola have made huge investments in Asian countries. Based on this current scenario, there is a wide market scope for the beverage processing equipment manufacturers to bring innovative machinery in the market that is efficient enough for faster product output.
Noncarbonated beverage segment holds high potential for beverage processing equipment
Non-carbonated drinks consists of juices, energy drinks, and sports drinks, among others. The demand for functional drinks is growing at a higher pace due to health awareness. This has resulted in consumers giving preference to beverages which consist of low calories, compelling beverage manufacturers to offer innovative beverages that will cater to the consumer requirement.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Alfa Laval (Sweden), Tetra Pak (Switzerland), GEA Group (Germany), Krones Group (Germany), KHS GmbH (Germany), SPX Flow Inc., (U.S.). Pentair plc (U.K.), and Bucher Industries AG (Switzerland).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global beverage processing equipment market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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