LAMEA Beverage Processing Equipment Market Size, Share & Industry Trends Analysis Report By Beverage Type, By Mode of Operation, By Type, By Country, Historical Data and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Beverage Processing Equipment Market would witness market growth of 6.4% CAGR during the forecast period (2021-2027).
With the advent of green technologies, manufacturers have been encouraged to replace their conventional food and beverage processing equipment with energy-efficient configurations, which aid in lowering overall production costs and lowering their carbon footprint. Manufacturers are also incorporating cutting-edge technologies to improve existing processing equipment. They are integrating Industrial Internet of Things (IIoT) and machine learning as well as providing flexible and customizable equipment. Other factors augmenting the food and beverage processing equipment market's growth include changing dietary preferences, an increase in the number of quick-service restaurants (QSRs), and rise in demand for nutritious, healthy, and ready-to-eat food products.
The current era is an opportunistic time for soft drinks in the South Africa and Middle East region. Increased networking among urban professionals and young population as well as a greater acceptance of social drinking, are favorably impacting food and beverage business. As young Muslims gather in restaurants and coffee shops, sales of non-alcoholic mixers and soft drinks have soared. Owing of their better lifestyles and growing income levels, consumers in Brazil and Mexico's metropolitan regions are more drawn toward packaged food. In 2018, the Brazilian food sector was worth roughly USD 179 billion, with approximately 35,800 food processing enterprises.
The Brazil market dominated the LAMEA Beverage Processing Equipment Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $436.3 million by 2027. The Argentina market is estimated to witness a CAGR of 6.9% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 4.9% during (2021 - 2027).
Based on Beverage Type, the market is segmented into Alcoholic, Non-Alcoholic (Carbonated Beverage and Non-Carbonated Beverage), and Dairy. Based on Mode of Operation, the market is segmented into Semi-Automatic and Automatic. Based on Type, the market is segmented into Brewery Equipment, Filtration Equipment, Sugar Dissolvers Equipment, Blenders & Mixers, Heat Exchanger, Carbonation Equipment, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Egypt, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include John Bean Technologies Corporation, Alfa Laval AB, GEA Group AG, The Krones Group, Pentair PLC, Bucher Industries AG, Praj Industries Limited, KHS Group, Tetra Level International S.A., and SPX Flow, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Beverage Type
- Carbonated Beverage
- Non-Carbonated Beverage
By Mode of Operation
- Brewery Equipment
- Filtration Equipment
- Sugar Dissolvers Equipment
- Blenders & Mixers
- Heat Exchanger
- Carbonation Equipment
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- John Bean Technologies Corporation
- Alfa Laval AB
- GEA Group AG
- The Krones Group
- Pentair PLC
- Bucher Industries AG
- Praj Industries Limited
- KHS Group
- Tetra Level International S.A.
- SPX Flow, Inc.
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