- Rajneesh Yadav
- Press Release
- Comments Off on US$ 16.2 Bn Global Beverage Processing Equipment Market Size to grow by 5.6% in 2018
US$ 16.2 Bn Global Beverage Processing Equipment Market Size to grow by 5.6% in 2018
|Published Date: December 2017||Industry: Food and Agriculture|
The Global Beverage Processing Equipment market size is estimated to be valued at USD 16.2 billion in 2018 and will register a CAGR of 5.6% between 2017 and 2028.
Globalization has played a major role in overall development of the industry. The industry is closely interlinked with beverage manufacturing output and is shifting from unorganized to organized sector owing to increased consumer awareness and technology up-gradation. The main impetus for gains will come from increasing automation and robotics. On an average, nearly 25% increase in productivity has been noted with automation. As such, it is likely to witness steep rise in sales of such equipment during the forecast period.
Bekryl’s market research report, Global Beverage Processing Equipment Market Size Analysis and Industry Opportunity finds that Asia Pacific to account for 38% of global sales in 2018. The region leads the industry not only in terms of sales value but also growth rate – creating highest incremental opportunity in the region. Growth in the region is primarily attributed to the fact that demand for processed foods has increased significantly in South East Asia.
Besides China, much of the demand for equipment in South East Asia is met through import from Europe and China. For instance, in 2016, India imported over USD 190 million worth food and beverage processing equipment from Germany, Italy and China. FDI relaxation in the region is expected to further create favorable business environment for industry players.
Browse key industry insights from the “Global Beverage Processing Equipment Market Report” along with TOC. Visit https://bekryl.com/industry-trends/beverage-processing-equipment-market-size-analysis
Some key trends from the global beverage processing equipment market:
Trend#1: Developing Regions to create Higher Revenue Opportunity
Developing regions will create 2.5X higher successive revenue opportunity than developed regions. Among these, Asia Pacific and Latin America will act as key geographical regions. Asia Pacific is expected to be the only region to register a CAGR of 8.5% - higher than global average.
Trend#2: Plant Capacity Expansion across Asia Pacific and CEE Region
The beverage industry including global beverage processing equipment market size is highly competitive. Plant set-up in close proximity to beverage manufacturing location could help global beverage processing equipment companies to lower their operational expenses and generate higher ROI. As such, industry leaders including Tetra Pak and Alfa Laval are taking a series of strategic initiatives to strengthen their market share globally.
Alfa Laval has nearly 42 major production units including 10 in Asia Pacific to meet the end-user demand. Another leading company – Tetra Pak – is about to start its new closures production facility in Thailand by 2018, Asia.
Trend#3: Shift towards Industry Consolidation
A series of mergers/acquisitions took place in the industry in last few years. For instance, in 2016, JBT Corporation purchased the assets of Cooling and Applied Technologies, Inc. for USD 90 million.
Another such development was witnessed in Europe wherein, in 2017, GEA Group acquired Vipoll – manufacturer of filling technologies for carbonated soft drinks. Vipoll witnessed net profit of around USD 995 thousand on USD 20 Million revenue in 2016. In the same year, Tetra Pak – acquired Johnson Industries International - manufacturer of equipment and lines to produce mozzarella cheese.
Trend#4: Brewing and Carbonation Equipment to Dominate the Global Sales
Brewing and Carbonation equipment is estimated to account for 48% of global beverage processing equipment market sales in 2017. Over 70% of the carbonated soft drinks market in developed region is captured by The Coca-Cola Company and PepsiCo Inc, - leading to concentrated end-use market for equipment manufacturers.
Some key global beverage processing equipment market players are SPX Flow GEA Group, Pentair, Alfa Laval, Tetra Pak, Branom Instruments, KHS, Bucher Industries HRS Process System, Armo Manufacturing, Krones Group, Factory Automation, Lee Industries, and Stainless Fabrication, Inc.
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