The global beverage processing equipment market size is expected to showcase steady growth at a CAGR of 4.9% in the forecast period from 2023 to 2033. It is projected to reach a valuation of USD 12.8 Billion by the end of 2033 from USD 7.7 Billion in 2023.
Globally, the multifaceted beverage industry is growing, and demand for all types of beverages, including alcoholic, non-alcoholic, and dairy, is rising. Demand for advanced equipment is currently surging even though the beverage industry has undergone a significant change in terms of promoting a healthy image.
The market for beverage processing equipment is set to be driven by an ever-expanding processing industry, particularly in developing nations. Besides, an increasing number of craft breweries and the creation of novel beverage processing technology are projected to aid growth in the evaluation period.
Moreover, increasing demand for flavored water, carbonated soft drinks, beer, wine & spirits, liquid dairy products (LDP), malt, nectar, soft drinks, isotonic beverages, and tea in both developed and developing countries is estimated to push sales of beverage processing equipment during the evaluation period. As per the National Beer Wholesalers Association (NBWA), the USA beer industry shipped around 208.6 million barrels of beer in 2021.
In other words, the country shipped the equivalent of more than 2.9 billion cases of beer in 2021. It also sold around 3.5 million barrels of perry, hard cider, and other fermented products, which is equivalent to more than 49 million cases in the same year. These numbers are set to grow at a fast pace with the rising need for innovative beverages worldwide, thereby propelling the demand for beverage processing equipment.
As per FMI, for both alcoholic and non-alcoholic beverages, the Asia Pacific region is a booming market. Beer and soft drink consumption is mainly dominated by China and India. Increased demand for beverages, particularly alcohol and soft drinks, has stemmed from the rising population, globalization, and increasing preference for western lifestyles.
As a result, beverage companies in developing countries of Asia Pacific, as well as the Middle East and Africa are paying more attention to the emerging middle-class population. Producers in these regions are striving to own extremely adaptable and sustainable processes to meet the exponential demand in an increasingly competitive marketplace where consumption of both alcoholic and non-alcoholic beverages is quickly increasing.
| Attributes | Key Insights |
|---|---|
| Beverage Processing Equipment Market Estimated Size (2023E) | USD 7.7 Billion |
| Projected Market Valuation (2033F) | USD 12.8 Billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
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During the historical period from 2018 to 2022, the global beverage processing equipment market exhibited a considerable CAGR, says FMI. This growth is attributed to rising income levels and rapid urbanization, which are further expected to push the need for alcoholic beverages.
As per the 2019 National Survey on Drug Use and Health (NSDUH), in the USA, about 85.6% of people belonging to the age group of 18 and older reported that they consumed alcohol at some point in their lifetime and 69.5% of people stated that they drank in the past year. The organization further mentioned that in 2018, approximately 25.8% of people aged 18 and above reported that they engaged in binge drinking in the past month.
The above-mentioned trends are projected to continue to grow in the evaluation period with rising product premiumization. Premiumization is also anticipated to accelerate alcohol consumption among the middle- and low-income populations, which is mainly linked to active marketing campaigns by the alcohol sector. Owing to the aforementioned factors, the demand for beverage processing equipment is set to grow at a rapid pace in the forecast period.
A number of influential factors have been identified to stir the soup in the beverage processing equipment market. Apart from the proliferating aspects prevailing in the market, analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can pose a challenge to the progression of the beverage processing equipment market.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Principal Consultant
The beverage sector is expanding rapidly and has promising future potential. Electricity is required in the beverage processing business to power the plants, refrigeration, lighting, and other mechanical processes.
In the beverage industry, procedures like pasteurization and evaporation necessitate the use of thermal energy. Pasteurization is a vital procedure for killing germs and inactivating enzymes. When compared to alternative processing equipment, this procedure uses a lot of energy (mostly electricity and other fuels). This has led to increasing demand for milk pasteurizers and milk homogenizers.
An energy audit is a useful tool for a beverage processor that wants to understand how energy is used on the farm and identify cost-cutting opportunities. Furthermore, the expensive nature of operating such processing equipment, as well as the scarcity of non-renewable materials, are discouraging small beverage processors from investing in such systems.
Apart from that, the installation of various types of processing equipment by beverage processing enterprises necessitates large capital investments. These not only have significant installation costs, but they also necessitate frequent maintenance, which is a costly add-on that reduces beverage processors' operating margins. Thus, beverage manufacturers are set to look for renting advanced processing equipment to save money on capital and annual maintenance, which is usually handled by rental providers.
Increasing Demand for Protein-based Drinks to Drive Sales of Beverage Filling Lines in Germany
Germany is set to generate the lion’s share in the market for beverage processing equipment during the forecast period. High demand for protein beverages in the country is expected to boost sales of beverage processing equipment, says FMI. Protein-based beverages are gaining impetus in the country with promotions by famous athletes. These factors are projected to push the market across Germany.
Excessive Consumption of Beer across the USA to Augment Sales of Beverage Processing Machinery
In terms of value, the USA market is set to witness growth at a CAGR of approximately 5% during the evaluation period. It is projected to reach a valuation of USD 5.5 Billion by 2033 from USD 3.5 Billion in 2023. Rising demand for cost-effective and healthy beverages in the country is set to lead to more producers entering the market and competing for profits.
The USA also has the world’s second-largest beer industry and produces nearly 22 million tons of beer every year. The beer industry in the USA is the largest consumer of beverage processing equipment and it will continue to dominate the market.
High Demand for Soft Drinks in Mexico to Fuel the Need for Beverage Filling Production Lines
Mexico has a well-developed dairy industry and key companies are constantly expanding their production capabilities to attract a large client base. Additionally, Mexico features one of the world's largest soft drink industries and high soft drink per capita consumption rates. These trends will ensure a high growth rate in the beverage processing equipment market across Mexico.
Rising Popularity of Natural and Healthy Beverages in India & China to Augur Demand for Beverage Pasteurization Equipment
The Chinese food and beverage processing equipment industry is highly fragmented, with small and medium-sized producers focusing on a limited product range. The presence of a large number of equipment manufacturers would also contribute to growth. Natural and healthy drinks are becoming immensely popular among consumers, who also value convenience and aesthetically appealing packaging. China has the world’s second-largest green tea industry and the world’s largest beer industry, which would aid sales.
In India, on the other hand, the demand for alcoholic beverages has risen exponentially as a result of growing wealth. Alcohol use in India has climbed from 4.3 liters per person in 2010 to 5.7 liters per person in 2016, according to the World Health Organization (WHO), with nearly 30% of men between the ages of 15 and 65 addicted to drinking.
The use of alcoholic beverages has accelerated even more through active domestic and international trade. With modern brewery equipment, the process can be completed efficiently. Also, there is a tendency for people to look for healthy beverages in their normal routine too, which can spur sales in India.
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Demand for Beverage Processing Machinery to Grow Rapidly among Non-Carbonated Drink Companies
According to FMI, the non-carbonated segment is set to dominate the global market during the forecast period. In the food business, there has been an increasing demand for non-carbonated beverages due to the rising need for clean, gluten-free, low-calorie, and low-carbon products.
Also, rising demand for ready-to-drink beverages across the globe to save time amid hectic schedules is expected to drive the segment. The dairy-based beverages segment, on the other hand, is projected to witness considerable growth with increasing demand for flavored milk, yogurt, and buttermilk.
Sales of Wine and Beer Fermentation Equipment to Grow Rapidly by the End of 2033
By product type, the fermentation equipment segment is likely to remain at the forefront in the global market, says FMI. Fermentation equipment plays a key role in both the wine-processing and tea-processing industries.
For instance, in tea processing, microbial contamination in tea is reduced by using a continuous fermenting machine. Due to the presence of a layer of fermented juice on the processing machinery and other equipment, microorganisms appear as pollutants during tea processing.
To strengthen their position and expand their distribution channels in the global market, key players are adopting a variety of strategies, including mergers and acquisitions. Furthermore, numerous significant firms are working on new product launches and development to expand their capacity and get a foothold in the business.
Some of the leading companies and their developments are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 7.7 Billion |
| Projected Market Valuation (2033) | USD 12.8 Billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2023 |
| Market Analysis | Value (USD Billion) |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates(UAE) |
| Key Segments Covered | Product Type, Beverage Type, Automation Grade, and Region |
| Key Companies Profiled | Tetra Laval (Switzerland); Brawn Mixer (Netherlands); Paul Mueller Company (USA); GEA Group (Germany); KHS GmbH (Germany); Dover Corporation (USA); Neologic Engineers (India); Alfa Laval (Sweden); Krones Group (Germany); Bucher Industries (Switzerland); SPX Flow (USA); JBT Corporation (USA); Steplead International Co., Ltd.(China); Luwico Group Co., Limited (China); Pentair (USA); Bettcher Industries, Inc. (USA); Heat and Control, Inc. (USA) |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global market for beverage processing equipment is expected to rise from USD 7.7 Billion in 2023 to USD 12.8 Billion in 2033.
Sales of beverage processing equipment are expected to rise at a CAGR of 4.9% during the forecast period.
The beverage processing equipment industry in France is expected to witness a CAGR of 4.7% during the forecast period (2023 to 2033).
The Germany beverage processing equipment industry is expected to continue to dominate Europe till 2033 and generate a share of USD 1.9 Billion.
Tetra Laval (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), Krones Group (Germany), Bucher Industries (Switzerland), SPX FLOW (USA), JBT Corporation (USA), KHS GmbH (Germany), Pentair (USA), and Praj Industries (India) are the major competitors in the beverage processing equipment industry.
Increasing consumption of alcohol in the Asia Pacific region and rising health consciousness is set to lead to a burgeoning demand for non-carbonated beverages, which will drive the market.
The demand for beverage processing equipment is projected to grow at a CAGR of around 5.7% over the next ten years in the United Kingdom.
1. Executive Summary | Beverage Processing Equipment Market 2. Market Overview 3. Market Background 4. Global Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Beverage Mixer & Blender 5.1.1. Tumbler Blender 5.1.2. Ribbon Blender 5.1.3. Paddle Mixer 5.1.4. Agitator 5.1.5. Emulsifiers 5.1.6. Milk Homogenizers 5.1.7. Heavy-Duty Mixers 5.2. Sugar Dissolvers 5.3. Heat Exchanger 5.3.1. Shell and Tube Heat Exchanger 5.3.2. Plate Heat Exchangers 5.3.3. Plate and Shell Heat Exchanger 5.3.4. Adiabatic Wheel Heat Exchanger 5.3.5. Plate Fin Heat Exchanger 5.4. Brewery 5.4.1. Fermentation Equipment 5.4.2. Brew House Equipment 5.4.3. Carbonation 5.4.4. Control & Monitoring 5.4.5. Filling & Packaging 5.5. Filtration 5.5.1. Sedimentation Equipment 5.5.2. Gravity Filtration Equipment 5.5.3. Centrifugal Separators 5.5.4. Clarifiers 5.5.5. Thickeners 5.6. Others 5.6.1. Cooling Tunnel 5.6.2. Storage Tanks 5.6.3. Milk Pasteurizer 5.6.4. Crushers 6. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Beverage Type 6.1. Alcoholic 6.1.1. Carbonated 6.1.2. Non-Carbonated 6.1.3. Dairy-Based Beverages 7. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Automation Grade 7.1. Automatic 7.2. Semi-automatic 8. Global Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Beverage Processing Equipment Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Tetra Laval (Switzerland) 18.2. Brawn Mixer (Netherlands) 18.3. Paul Mueller Company (US) 18.4. GEA Group (Germany) 18.5. KHS GmbH (Germany) 18.6. Dover Corporation (US) 18.7. Neologic Engineers (India) 18.8. Alfa Laval (Sweden) 18.9. Krones Group (Germany) 18.10. Bucher Industries (Switzerland) 18.11. SPX Flow (US) 18.12. JBT Corporation (US) 18.13. Steplead International Co., Ltd. (China) 18.14. Luwico Group Co., Limited (China) 18.15. Pentair (US) 18.16. Boettcher Industries, Inc. (US) 18.17. Heat and Control, Inc. (US) 19. Assumptions & Acronyms Used 20. Research Methodology
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Beverage Processing Equipment Market
