Food & Agriculture Trends

The beverage processing equipment market is projected to grow from USD 20.4 billion in 2021 to USD 26.4 billion by 2026, recording a compound annual growth rate (CAGR) of 5.3% during the forecast period. The demand for beverage processing equipment is increasing significantly, due to the increasing consumption of beverage products in developing countries such as China, India, South Africa, and Brazil. Download PDF Brochure Increasing urbanization and rise in incomes have resulted in an exponential rise in demand for alcoholic beverages in India. According to WHO, with nearly 30% of men between the 15-65 age group addicted to drinking, alcohol consumption in India has increased from 4.3 liters per person in 2010 to 5.7 liters per person in 2016. An active domestic and international trade further promotes the consumption of alcoholic beverages. With growing product premiumization, consumption by middle- and low-income consumers has gone up phenomenally and hence, there is anticipated gr...

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 By type, the brewery equipment segment is projected to account for the largest share in the beverage processing equipment market Brewery equipment is used in the production of beer, and its demand remains high as the consumption of beer in regions such as North America, Europe, and the Asia Pacific is high. In addition, rising income levels of consumers have reflected positively on the growth of the beer industry. By beverage type, the alcoholic beverages segment accounted for the largest market size in the beverage processing equipment market during the forecast period Th...

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...