Food and Beverage Industry Pumps Market Projected to Reach $14.41 Billion by 2028, Fueled by Meat and Poultry Demand

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The food and beverage industry pumps market has demonstrated robust growth, surging from $10.01 billion in 2023 to $10.77 billion in 2024, with an impressive Compound Annual Growth Rate (CAGR) of 7.6%. The market is poised for sustained growth, projected to reach $14.41 billion by 2028, maintaining a steady CAGR of 7.6%.

Key Growth Drivers:
Meat and Poultry Industry's Influence:
The escalating demand for meat and poultry products is a major catalyst propelling the growth of the food and beverage industry pumps market. These pumps play a vital role in supporting various stages of production, from transporting meat to processing by-products. Global meat production, as per the Food and Agriculture Organization, is anticipated to witness a 44 Mt increase by 2030, reaching 373 Mt. Poultry meat is expected to contribute 41% to the total protein from meat sources in 2030, underlining the significant impact on the market.

Surge in Ready-to-Eat Products Demand:
The rising consumer preference for ready-to-eat products is another influential factor driving the growth of the food and beverages market. The convenience offered by products such as ice creams, sandwiches, biscuits, soups, pasta, and pizza is driving a substantial increase in demand. Notably, a 20% rise in ready-to-eat food product sales, as reported by The Soft Copy, reflects the growing popularity of these products and their positive impact on the food and beverages market.

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Major Players:
Key companies in the food and beverage industry pumps market include Alfa Laval AB, Grundfos Holding A/S, GEA Group AG, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, JBT Corporation, and many others.

Trends Shaping the Market:
Product Innovations in Pump Technology:
Innovation in pump technology is a prominent trend, with major companies launching products to enhance efficiency, reliability, and hygiene in the food and beverage industry. Alfa Laval's DuraCirc, the first circumferential piston pump, exemplifies this trend, addressing the industry's evolving needs.

Technological Advancements in Juice Processing:
Companies are focusing on developing innovative technologies like FVPGrow and Chopper Blender SE to gain a competitive edge. JBT Corporation's FVPGrow and Chopper Blender SE technologies, designed exclusively for juice and purée processing, offer compact, adaptable solutions for increased production efficiency.

Regional Insights:
Western Europe emerged as the largest region in the food and beverage industry pumps market in 2023, with Asia-Pacific projected to be the fastest-growing region in the forecast period. The comprehensive regional coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Market Segmentation:
The food and beverage industry pumps market covered in this report is segmented -
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

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Food And Beverage Industry Pumps Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Food And Beverage Industry Pumps Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on food and beverage industry pumps market size, food and beverage industry pumps market drivers and trends, food and beverage industry pumps market major players, food and beverage industry pumps market competitors' revenues, food and beverage industry pumps market positioning, and food and beverage industry pumps market growth across geographies. The food and beverage industry pumps market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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