Rapid Increase in Microbreweries is Driving the Market for Beverage Processing Equipment
The global beverage processing equipment market is estimated to be valued at USD 18.2 billion in 2019 and is projected to reach USD 24.3 billion by 2025, recording a CAGR of 5.0% from 2019 to 2025. The increasing demand for alcoholic, emerging trends for UHT milk and milk products, and technological advancements in the beverage industry are some of the factors that are driving the market. Download PDF Brochure Based on type, the beverage processing equipment market is segmented into brewery equipment, filtration equipment, heat exchangers, sugar dissolvers and blenders & mixers, carbonation equipment, and others (cooling tunnels, storage tanks, and crushers). The brewery equipment segment is estimated to account for the largest market share in 2019. The rising demand for alcoholic beverages is projected to drive the growth of the market. By beverage type, the beverage processing equipment market is segmented into alcoholic beverages, non-alcoholic beverages, and dairy beverag...