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COVID-19 Impact Affects Beverage Processing Equipment Market Globally in 2020

08-31-2020 02:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fortune BUsiness Insights

COVID-19 Impact Affects Beverage Processing Equipment Market

The rising demand for healthy beverages is predicted to impel companies to launch new beverages, which will in turn enable growth in the beverage processing equipment market says Fortune Business Insights in a report, titled “Beverage Processing Equipment Market Size, Share And Global Trend By Equipment Type (Heat Exchangers, Brewery Equipment, Filtration Equipment, Blending & Mixing Equipment, Carbonation Equipment), By Beverage Type (Alcoholic Beverages, Carbonated Beverages, Non-Carbonated Beverages, Dairy-based Beverages), And Geography Forecast Till 2026.” Growing consumer income across developed and developing nation is predicted to aid growth of the beverage processing equipment market.

Gain More Insights into the Beverage Processing Equipment Market Research Report

https://www.fortunebusinessinsights.com/industry-reports/beverage-processing-equipment-market-100533

Top Key Players Covered:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Beverage Processing Equipment market. Some of the companies operating the global Beverage Processing Equipment market are;

Alfa Laval Corporate AB
Bevcorp LLC
Tetra Pak, Inc.
Krones AG
SPX FLOW Inc.
Mueller Co.
Carmel Software Corporation
John Bean Technologies Corporation
Bucher Industries AG
Pentair Plc

New Products and R&D Initiatives Will Strengthen the market

The global beverage processing equipment market is predicted to expand exponentially during the forecast period, owing to the growing demand for beverages in the food & beverage industry. Rising demand for healthy beverage products and increasing user income across developed as well as developing nations are expected to escalate the demand for various range in new beverages such as soft drinks, alcoholic beverages and others. This factor is predicted to drive the global beverage processing equipment market during the forecast period. Furthermore, key players in the global beverage processing market are aiming to launch new products along with investing in R&D activities to gain a strong foothold in the global market. For Instance, In June 2018, JBT Corporation announced the launch of READYGo FVP, a new system for cold extracted vegetable and fruit juices. The product aims to offer juice extraction up to 5 tons per hour of raw product. This factor is likely to boost the global beverage processing equipment market.

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Change in Consumer Preference Will Fuel Demand

Beverage processing equipment is used for production and processing of beverage products that have been synthesized from various sources for the preparation of aerated drinks such as, dairy, fruit juices and others. On the basis of beverage type, the global beverage processing equipment market has been segmented into alcoholic beverages, carbonated beverages, non-carbonated beverages, and dairy-based beverages. The alcoholic beverage segment is expected to witness rapid growth in the forthcoming years, owing to increasing consumption of alcoholic beverages across developing nations. In addition, increasing governmental regulations for keeping and maintaining hygiene by beverage manufacturer is also likely to propel the growth of the global beverage processing equipment market. However, rising consumer concern over food & beverage is predicted to hamper the growth of the global beverage processing equipment market.

Opportunities Prevalent in Asia Pacific to Contribute to Exponentially Growth of the Global Market

Geographically, the global beverage processing equipment market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. Asia Pacific is expected to dominate the global beverage processing equipment market during the forecast period owing to the increasing demand for alcoholic beverages, dairy-based beverages, carbonated beverages, and fruit juices across countries in the region. Enhancement in the living standard of people in the developing economies of Asia Pacific, along with the rising income of users is predicted to fuel demand and aid in the growth of beverage processing equipment market during the forecast period.

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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