Beverage Processing Equipment Market Analysis, Trends & Forecast to 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network
Regional Analysis of Beverage Processing Equipment Market : • North America is the largest beverage processing equipment market due to rise in regional consumption both alcoholic & non-alcoholic drinks. Presence of key players including PepsiCo and Coca Cola and their research & development facilities further boost industry growth. • Asia Pacific has substantial share in beverage processing equipment market with ever increasing population and rise in living standards. China is largest producer of beer and planning to increase its production by around 4.5% that has augmented the demand of product. • Europe has significant share with increasing dairy alternative products as consumers have become more health conscious in this region. Middle East & Africa has nascent share and expected to grow with growing demand for non-aerated and multi-functional drinks like energy drinks & juices.
Application Analysis of Beverage Processing Equipment Market : • Based on application, beverage processing equipment market is segmented into beverage, dairy, and fruits & vegetables. Beverages accounts for the major industry share owing to presence of large variety of products including soft drinks and beer. Dairy application maintains substantial industry share with its use in almost every part of the world and new variants have further spurred the demand of product. Growing consumption of fruit & vegetable squashes has risen with changing customer preference towards non-aerated drinks.
Competitive Market Share of Beverage Processing Equipment Market : • Major players of beverage processing equipment market are Alfa Laval, GEA Group, Tetra Pak, HRS Process System, Armo Manufacturing, KHS, Krones Group, Pentair, SPX Flow, Bucher Industries and Factory Automation. Companies are increasing production capacity and bringing automation in the machinery to capture the market. • India based equipment company, Alfa Laval has increased its spending in R&D division to improve energy efficiency and environmental performance in 2016.
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