Market Leaders - Beverage Processing Equipment Market
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.
Key players in this market include Tetra Laval (Switzerland), GEA Group (Germany), Alfa Laval (Sweden), Krones Group (Germany), Bucher Industries (Switzerland), SPX Flow (US), JBT Corporation (US), KHS GmbH (Germany), and Pentair (US). Product launches, expansions & investments, mergers & acquisitions, agreements, joint ventures, and partnerships were the dominant strategies adopted by major players. These strategies have helped them to increase their presence in different regions.
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GEA Group is one of the leading technology suppliers for the food and beverage processing industry. The company provides customized solutions in food, dairy processing, dairy farming, beverage processing, pharma, chemical, marine, leisure & sport, land-based transportation, and utilities. The international industrial technology group specializes in machinery and plants as well as advanced process technology, components, and comprehensive services. The company operates in five segments: separation & flow technologies, liquid & powder technologies, food & healthcare technologies, refrigeration technologies, and farm technologies. GEA provides beverage processing services through its liquid and power technologies business segments. In January 2019, GEA Group launched Dairy Robot R9500, which would help enhance the milking process. The launch of the product made the group a pioneer in the industry to launch Somatic Cell Count (SCC) monitors to continually analyze the milk flow from each quarter.
Another major player, Tetra Pak was founded by Dr. Ruben Rausing; Tetra Pak provides premium food processing and packaging solutions, including processing equipment’s, packaging equipment and automation solutions to a wide range of customers in the food & beverage industry such as dairy products and alternatives, juice, and nectar, still drinks, wine, and spirits present in over 160 countries in regions including Asia-Pacific, Europe, Central Asia, the Middle East & Africa, and the Americas. It consists of three subsidiaries, namely, Tetra Pak, Sidel, and DeLaval. All three groups are focused on technologies for ensuring efficiency in the production, packaging, and distribution of food. In June 2020, Tetra Pak launched a new low-energy processing line that uses a combination of pasteurization, filtration, and UV light technology to treat beverages such as juices, still drinks, and nectar.
Related Reports:
Beverage Processing Equipment Market by Type (Brewery, Filtration, Carbonation, Sugar Dissolvers, Blenders & Mixers and Heat Exchangers), Beverage Type (Alcoholic, Non-Alcoholic and Dairy), Mode of Operation and Region - Global Forecast to 2026
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