Published Date: 28-Feb-2022
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According to a new report Global Beverage Processing Equipment Market, published by KBV research, The Global Beverage Processing Equipment Market size is expected to reach $26.9 billion by 2027, rising at a market growth of 4.9% CAGR during the forecast period.
The Alcoholic market is leading the Global Beverage Processing Equipment Market by Beverage Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $10.2 billion by 2027. Demand is increasing as a result of advancements and innovations in the manufacture of beer, vodka, cocktails, and flavored liquors, as well as changing client lifestyles, drinking interests, and an increase in the number of brewers and vineyards throughout the world. Furthermore, both developed and emerging economies are seeing an upsurge for premium and super-premium alcoholic beverages.
The Automatic market shows high growth rate of 6.2% during (2021 - 2027). Automation has various benefits, including lower operational and labor costs, improved worker safety, reduced waste, and increased uptime. Labor shortages, particularly in sparsely populated nations, are likely to support the expansion of the automation segment, along with a rising emphasis on product quality uniformity. Furthermore, rising demand for a wide range of beverage products, along with a greater emphasis on lowering operational costs, is expected to fuel demand for automatic beverage processing equipment during the forecast period.
The Brewery Equipment market is generating high revenue in the Global Beverage Processing Equipment Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.0 billion by 2027. It is due to the increasing consumption of beer among various emerging nations. The growing popularity of beer has created demand for craft beer that would boost the number of microbreweries and inspired small craft brewers to expand their production.
The North America market dominated the Global Beverage Processing Equipment Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $9.6 billion by 2027. The Europe market is anticipated to grow at a CAGR of 4.8% during (2021 - 2027). Additionally, The Asia Pacific market would showcase a CAGR of 5.3% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Beverage Type
By Mode of Operation
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