Beverages Processing Equipment Market: Introduction
Beverages processing equipment are used for processing and production of beverages synthesized from various sources and formulations to prepare a range of products such as fruit juices, milk products, aerated drinks, alcoholic liquor and processed water. Beverages processing equipment are generally designed and manufactured according to specifications required to process the beverages type. Beverages processing equipment are regulated by FDA and other similar regulations. Beverages processing equipment manufacturers have to meet stringent regulations implemented by FDA and similar regulatory body owing to health and safety concerns. The beverages processing involves boiling, mixing, blending, pasteurization, homogenization, filtration, and separation of various raw materials. Further, consumer spending on beverages such as juice, soft drink, bottled water, tea, coffee, beer, wines etc. is continuously increasing primarily driven by increasing disposable income and changing eating habits. This in turn is expected to surface robust platform for the growth of beverages processing equipment market during the forecast period.
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Beverages Processing Equipment Market: Dynamics
Traditionally, the beverages processing equipment market demand was sustained from alcoholic and carbonated drinks based industries. However, since the last decade, growing preference towards consumption of non-alcoholic beverages such as functional drinks and dairy products has propelled the growth of beverages processing equipment market particularly in the developing economics. Another factor which has caused demand spur of beverages processing equipment has been the advent of bottled water market.
Some of the key factors driving the growth of beverages processing equipment market includes increasing demand of different beverage types from the incumbent population covering all demographics which has resulted in increased production and supply of beverages across the consumers. Additionally, from the recent consumption trends it has been observed and widely acknowledged by industry experts that beverages segment is considered to be one of the robust growth segment amongst processed food and beverages market. This in turn has attracted manufacturers to venture in this market as a pre-emptive strategy to cater the potential demand and establish brand presence. The reason has thus called for seamless production and distribution of the desired beverages imbibing investment and installation of new units of beverages processing equipment. Additionally, capacity expansions by existing manufacturers has augmented need for upgrading and installing new equipment along with development of new technologies and beverages processing equipment. Furthermore, with the mandated human health safety and product quality standards has enabled improved methods of hygiene and preservation procedures in production of beverage products thus enabling the growth of beverages processing equipment market.
Furthermore, growing beverages industry across developing countries such as India, China, ASEAN Countries and Mexico is expected to create lucrative opportunity for the global beverages processing equipment market participants during the forecast period. However, higher initial investment and strict guidelines and stringent environmental regulation particularly in the developed regions such as Europe is expected to hamper the growth of beverages processing market during the forecast period.
The channel sales route for beverages processing equipment operates in two principal types i.e. through direct supply by the manufacturer in case of custom design and high production capacity and procurement through distributors and suppliers for standard configurations having low to medium processing capacities. Furthermore, with the increasing demand for safe, cost effective and sustainable multi-stage beverages processing equipment market participants are striving to improve the operational efficiency of beverages processing equipment in order to increase the output and profitability. Furthermore, beverages processing equipment market participants are investing in R&D of new technologies and implementing automation to increase productivity and end reduce operation cost.
Beverages Processing Equipment Market: Segmentation
On the basis of Equipment Type, the global Beverages Processing Equipment can be segmented into:
- Brewery Equipment
- Carbonation Equipment
- Blending & Mixing Equipment
- Heat Exchangers
- Filtration Equipment
- Other Equipment
On the basis of Beverages type, the global Beverages Processing Equipment can be segmented into:
- Carbonated Beverages
- Non-Carbonated Beverages
- Alcoholic Beverages
- Dairy Based Beverages
- Processed Water
Beverages Processing Equipment Market: Regional Overview
By geography, Asia Pacific is expected to be a prominent region for the growth of beverages processing equipment market during the forecast period. Some of the key headways for the growth of market in the region includes rapid urbanization and population growth, improving living standards and increasing per capita income spend on beverages products coupled with demographic changes in countries such as India and China. Furthermore, favorable policies and initiatives to promote and boost the growth of small & medium sized manufacturers in the India market is expected to further augment the growth of beverages processing equipment market during the forecast period. Europe beverages processing equipment market is expected to witness relatively moderate growth during the forecast period. North America beverages processing equipment market is expected to witness steady growth during the forecast period. Owing to positive political and economic outlook in Latin America the beverages processing equipment market is expected to have healthy growth during the forecast period
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Beverages Processing Equipment Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Beverages Processing Equipment market includes:
- ALFA LAVAL
- FH SCANDINOX A/S
- Techniblend Inc.
- Shanghai Joylong Industry Co.Ltd
- Carmel Engineering, Inc.
- Lee Industries
- Bevcorp Beverage Equipment
- Central States Industrial