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Food And Beverage Industry Pumps Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Food And Beverage Industry Pumps Market
The Business Research Company offers in-depth market insights through Food And Beverage Industry Pumps Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to adoption of hygienic and aseptic pumping solutions, demand for sustainable and energy-efficient pumping systems, customization of pumps for specialized food processing applications, integration of smart pumping technologies for process optimization, focus on clean-in-place (cip) and sterilization-in-place (sip) systems. Major trends in the forecast period include sanitary and hygienic pump designs, positive displacement pumps for viscous and shear-sensitive products, aseptic pumping solutions for sterile processing, smart pumping systems with iot integration, high-capacity pumps for beverage production.
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Market Segmentation:
The main types of food and beverage industry pumps are pumps, agitators, mixers, and compressors. Agitator pumps are the pumps that are used for handling heavy sludges and similar applications. The different types of flow include pumps less than 10 liters per second, 10-100 liters per second, and more than 100 liters per second. The degree of engineering includes engineered, configured, and standard degrees with a pressure that includes below 15 bars, 15-30 bars, and above 30 bars. These are used in alcoholic beverages, non-alcoholic beverages, dairy and chocolate products, fruits and vegetables, sugar, starch, and sweeteners, bakery and confectionery, and meat and poultry.
Major Driver - Meat And Poultry Industry's Impact On The Food And Beverage Pumps Market
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. For instance, according to Food and Agriculture Organization, a Canada-based specialized agency of the United Nations, global meat production is projected to expand by 44 Mt by 2030, reaching 373 Mt based on higher profitability. Further, poultry meat is expected to share 41% of all the protein from meat sources in 2030. Therefore, increasing demand for meat and poultry products is driving the growth of the food and beverage industry pumps market.
Competitive Landscape:
Major companies operating in the food and beverage industry pumps market include 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
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Top Trend - Product Innovations Driving Growth In The Food And Beverage Industry Pumps Market
Product innovations are a key trend gaining popularity in the foods and beverages industry pumps market. Major companies operating in the food and beverages industry pump to strengthen their position in the market. For instance, in June 2021, Alfa Laval, a Sweden-based manufacturer of food and beverages industry pumps products launched Alfa Laval DuraCirc, which is the first circumferential piston pump that offers improved efficiency, reliable operation, and hygienic access in processes involved in the food and beverage industry.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Food And Beverage Industry Pumps Market Characteristics
3. Food And Beverage Industry Pumps Market Trends And Strategies
4. Food And Beverage Industry Pumps Market - Macro Economic Scenario
5. Food And Beverage Industry Pumps Market Size And Growth
…..
27. Food And Beverage Industry Pumps Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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