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Comprehensive Report On The Global Food And Beverage Industry Pumps Market For The Forecast Period 2024-2033 | Alfa Laval AB, Amixon GmbH, Ampco Pumps Company, Lewa GmbH, PCM Companies, Fristam Pumpen KG
Food And Beverage Industry Pumps Global Market Report
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Food And Beverage Industry Pumps industry. This report on Food And Beverage Industry Pumps market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The food and beverage industry pumps market size has grown strongly in recent years. It will grow from $10.01 billion in 2023 to $10.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased global population and consumer demand for processed foods, growth in food and beverage processing and manufacturing industries, stringent hygiene and sanitary standards in food production, regulatory compliance and food safety requirements, expansion of beverage production, including soft drinks and alcoholic beverages. The food and beverage industry pumps market size is expected to see strong growth in the next few years. It will grow to $14.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
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Key Market Players:
Alfa Laval AB, Amixon GmbH, Ampco Pumps Company, Lewa GmbH, PCM Companies, Fristam Pumpen KG, SPX Flow Inc., GEA Group AG, Grundfos Holding A/S, Xylem Inc., Sulzer Ltd., KSB SE & Co. KGaA, ITT Inc., Watson-Marlow Fluid Technology Group, Tapflo Group, Verder International B.V., Netzsch Pumpen & Systeme GmbH, Viking Pump Inc., PSG Dover, IDEX Corporation, Flowserve Corporation, Gardner Denver Holdings Inc., Ingersoll Rand Inc., Atlas Copco AB, Busch Vacuum Solutions, Edwards Vacuum, Leybold GmbH, Pfeiffer Vacuum GmbH, Oerlikon Leybold Vacuum GmbH, Ebara Corporation, Tuthill Corporation
Market Drivers:
According to the Food And Beverage Industry Pumps Market Report 2024 by The Business Research Company, the key factors driving the growth of the Food And Beverage Industry Pumps market, includes the Increasing demand for meat and poultry is expected to propel the growth of the food and beverage industry pumps market going forward. A meat product contains flesh from animals such as cattle, buffalo, goats, sheep, pigs, and fowl and is designed for human consumption, whereas poultry refers to avian species that can be grown for meat, eggs, and feathers. Food and beverage industry pumps help meat and poultry to support in different stages of the production process such as transporting meat for final consumption to the processing of by-products, including skin, intestines, feathers, heads, blood, and other parts that may require maceration and waste extraction.
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Market segments for Food And Beverage Industry Pumps include:
1) By Type: Pumps, Agitators, Mixers, Compressors
2) By Flow: Less Than 10 Liters Per Second, 10-100 Liters Per Second, More Than 100 Liters Per Second
3) By Degree of Engineering: Engineered, Configured, Standard
4) By Pressure: Below 15 Bars, 15-30 Bars, Above 30 Bars
5) By Application: Alcoholic Beverages, Non-Alcoholic Beverages, Dairy And Chocolate Products, Fruits And Vegetables, Sugar, Starch, And Sweeteners, Bakery And Confectionery, Meat And Poultry
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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