Based on application, the beverage processing equipment market is segmented into the following:
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- Dairy Industry
- Beverage Industry
- Fruits & Vegetable Industry
Beverages Processing Equipment Market:Overview
Beverages processing equipment market revenue is expected to grow at a rapid growth rate, over the forecast period. 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. This is attributed to an innovative procedure which enhances the shelf life of beverages along with its application for separating and filtering process of raw materials to develop beverages such as beer, soft drinks, and juices. Filtration systems are the main equipment used in every beverage processing industry owing to expanding demand for fortified beverages.
Beverages Processing Equipment Market: Region-wise Outlook
Depending on the geographic region, beverage processing equipment market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, Japan, and the Middle East & Africa. North America dominates the beverage processing equipment marketfollowed by Europe and Asia Pacific owing to the high acceptance of beverages among the population, established R&D facilities along with the presence of key players in these regions. Asia Pacific, Middle East and Africa hold huge potential and show substantial growth in terms of growing demand for multi-functional non-carbonated drinks such as energy drinks, juices and much more. This is to the growing standard of living of the population, enhancing requirement for ready-to-drink beverages due to the busy schedule, and rising awareness of dietary products in the region. Moreover, China is the foremost contributor to the revenue growth of beverages processing equipment market because it is the largest production of beer globally.
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Beverages Processing Equipment Market:Key Players
Some players of beverages processing equipment marketare GEA Group AG, Krones AG, Alfa Laval AB, KHS GmbH, Tetra Pak International S.A., Pentair Plc., Bucher Industries AG, HRS Process Systems Ltd., SPX FLOW Inc., PHD, Inc., Advanced Composite Industries, Armo Manufacturing Inc, and Factory Automation Corporation.