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Beverage Processing Equipment Market to reach US$ 27.7 Bn by the end of 2030

https://www.futuremarketinsights.com/reports/beverages-processing-equipment-market

Beverage Processing Equipment Market

DUBAI, DUBAI, UNITED ARAB EMIRATES, January 25, 2022 /EINPresswire.com/ -- The global beverages processing equipment market size is expected to reach US$ 27.7 Bn by the end of 2030. According to a study by Future Market Insights (FMI), the market will show a steady rise at 4.7% CAGR between 2020 and 2030. The market is anticipated to perform well in the near future owing to increasing awareness regarding processed beverages, and rising demand for ready-to-drink beverages among the population. Filtration systems, equipment type segment is anticipated to grow at the fastest CAGR over the forecast period.

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“Rising demand for hygienically manufactured & packaged drinks, upgrading equipment for lean time management, advanced technology use to increase productivity & product performance and rising focus on quality of drinks are some of the key factors driving the market. Leading companies are likely to strategize their future operations in line with the aforementioned factors to expand their geographic reach in the near future,” said a lead analyst at FMI.

It includes in-depth insights into the beverages processing equipment market. Some of these are:
• The estimated value of the market was at US$ 17.5 Bn in 2020. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
• Asia Pacific account for leading share in the demand for beverage processing equipment, whereas North America and Europe, screening lucrative long-term growth over the years.
• Asia Pacific countries are like India, China, ASEAN countries posses’ excellent growth opportunity for the beverage processing equipment owing to increasing flavour inspiration and rising disposable income.
• High capital costs and complex manufacturing processes for beverage processing equipment are the key factors that hinder industry growth.
• Companies are growing the output potential and adding market capture automation to the machines.

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COVID-19 Outbreak Crisis will Impact Consumption Pattern
Due to the outbreak of the pandemic coronavirus, sales of alcohol and fresh foods on e-commerce in have surged during the COVID-19 epidemic, with market analysts predicting that the changes in consumer buying habits are here to stay. Customer habits shifted during this time to concentrate on safety and hygiene, while in the aftermath of lockdowns, they switched to e-commerce for alcohol, fresh food and even dairy.

Because COVID-19 is spreading through continents without signs of slowing down, the effects and patterns resulting from changes in consumer behaviour will also be evident in other crisis countries. Total consumption of alcoholic drinks wouldn't change much during economic downturns, sales of beer and wine would increase and sales of liquors would decrease. Budget demand for mid-priced drinks would increase, while demand for high-end super-premium for ultra-premium alcoholic beverages would decrease. The pattern of delivery will change drastically though.

Competitive Landscape
The beverages processing equipment market consists of numerous players. Few of them are GEA, Tetra Laval, Alfa Laval, Krones Group, Bucher Industries, SPX Flow, JBT Corporation, KHS GmbH, Pentair, and Praj Industries.

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The growing rivalry among the vendors makes it difficult for the emerging players to compete with the leaders based on quality, technology and pricing in particular. Therefore, the manufacturers bring creative ideas and introduce better technology to achieve a competitive edge over their rivals.

About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
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