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(MoneyNewsWire.Net, November 29, 2017 ) The Global Beverage Processing Equipment Market was worth $15.68 billion in 2016 and estimated to be growing at a CAGR of 6.03%, to reach $21.01 billion by 2021.
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Beverage processing equipment helps in transforming the raw fruit and vegetable ingredients into drinks. Beverages processing line is a vast process and it includes a multitude of divisions namely fermentation, sugar syrup preparation, blending, prepared beverage storage, filling beverages into bottles, and pasteurizer. Alcoholic beverage process is one of the two major types since it has its own specific mode of preparation which is fermented and distilled beverages. These are primarily prepared by extracts of fruits, nuts and other food products or through the blending of different juices.
Consumers are becoming more health conscious with every day that passes and manufacturers have the opportunity to make use of this demand for healthy beverages with low levels of fat, low-cholesterol, low-levels of sugar and novel flavors. Additionally, the demand for fortified beverages has escalated as the consumers have predispositions towards healthier drinks that contain essential micronutrients. This has led to profound growth of non-alcoholic beverage segment in the recent years.
Beverage processing equipment market is observing an augmented growth because of the increasing demand for fortified drinks. Consumer predilection for low calorie beverages, mounting per capita spending of the population in the developing regions, and a growing concern regarding safety and health issues has further contributed to the market growth. There is also a growing demand for packaged and hygienically processed beverages, However concerns connected to safety standards, intricate production processes, and strict government guidelines have slowed down the growth of the Beverage processing equipment market.
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Asia-Pacific is a huge market for beverages, due to improving standard of living of the people there is an increase in the disposable income in this region of the working class which is key driving factor of the Beverage Processing and related markets. Also since China is a major contributor to the alcoholic beverage equipment markets it unsurprisingly also happens to be the world’s biggest bee producer. Major beverage companies such as Coca-Cola and pepsico have made huge amounts of investments in these Asian countries.
Some of the key players that are actively involved in the ongoing development and innovation in this market are GEA Group AG, Krones AG, Alfa Laval AB,KHS GmbH, Tetra Pak International S.A.Pentair Plc., Bucher Industries AGHRS Process Systems Ltd., SPX FLOW Inc. Advanced Composite Industries. These companies are investing into research and development of the market and are consistently coming up with new products and efficient processes involved all around.
With the constantly changing lifestyle and a growing and busy schedule globally, manufacturers are involved in preparing ready-to-drink beverages as a dietary addition. Above all else, they are now focusing on the development of processed drinks that are both nutritious and that can manage energy balance. Based on the current scene, there is an enormous market for the beverage processing equipment manufacturers if they can manage to bring innovative machinery that is effective and adequate for faster and competent product output.
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