DUBLIN, March 8, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/btwgnv/beverage) has announced the addition of the "Beverage Processing Equipment Market - Global Trends and Forecast to 2020" report to their offering.
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. Emerging countries such as India, China, Brazil, and Argentina are the primary targets of the industry.
Factors such as increasing demand for fortified drinks and premium alcohol, emergence of new technologies such as Encapsulation to increase productivity, and upgradation of equipment & machinery are the major driving factors for this market. Moreover, advanced technologies and digitalization helped to drive the beverage processing industry.
The beverage processing equipment market based on equipment type is segmented into brewery equipment, filtration equipment, carbonation equipment, blenders & mixers, heat exchangers, and others (cooling tunnels, storage tanks, and crushers). Brewery equipment accounted the largest market share and filtration is projected to grow at the highest CAGR during the forecast period due to demand for fortified drinks and dairy beverages.
The equipment is also widely used during the production of beverages such as beer, juices, and other soft drinks for separation, clarification, and other filtering processes. This is followed by Heat Exchangers which plays a critical role in the heating and cooling of fluids during the process.
The beverage processing equipment market, based on beverage type, is segmented into alcoholic beverages, non-alcoholic beverages, and dairy beverages. Alcoholic beverage accounted for the largest share of the beverage processing equipment market in 2014. The non-alcoholic beverage market is projected to grow with the highest CAGR from 2015 to 2020.
The rise in demand for fortified drinks which have essential micronutrients and consumer's inclination toward health based drinks will lead to the growth of non-alcoholic beverages in the coming five years.
- Alfa Laval
- Bucher Industries AG
- GEA Group Aktiengesellschaft
- JBT Corporation
- KHS GmbH
- Pentair PLC.
- Praj Industries Ltd.
- SPX Flow Inc.
- Tetra PAK
- The Krones Group
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Beverage Processing Equipment Market, By Region
8 Beverage Processing Equipment Market, By Equipment Type
9 Beverage Processing Equipment Market, By Beverage Type
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/btwgnv/beverage
Research and Markets
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SOURCE Research and Markets