(Food-Beverage-News.Com, April 11, 2018 ) The global market for carbonated beverage processing equipment has grown exponentially in the last few years. The market size is projected to reach USD 7.23 Billion by 2022, at a CAGR of around 5.8% from 2017 to 2022. Emerging countries such as India, China, Brazil, and Argentina are the primary targets of the industry. Factors such as increasing demand for functional drinks, emergence of new technologies and upgradation of equipment & machinery are the major driving factors for this market. Moreover, advanced technologies and automation helped to drive the carbonated beverage processing industry.
The global market, based on type, is segmented into sugar dissolvers, carbonation equipment, blenders & mixers, heat exchangers, silos, and filtration equipment. Sugar dissolvers accounted the largest market share in 2016 whereas heat exchangers is projected to grow at the highest CAGR during the forecast period due to the increased demand for functional drinks. Sugar dissolving and treatment is one of the important and critical stages in carbonated soft drink processing. This is followed by heat exchangers which plays a critical role in the heating and cooling of fluids during the process.
The global market, based on beverage type, is segmented into flavored drinks, functional drinks, and club soda & sparkling water. Flavored drinks accounted for the largest share of the carbonated beverage processing equipment market in 2016. The functional drinks market is projected to grow at the highest CAGR from 2017 to 2022. The rise in demand for functional drinks which have essential micronutrients and consumers’ inclination toward health-based drinks will lead to the growth of functional drinks over the next five years.
The carbonated beverage processing equipment market was dominated by the North American region in 2016. The Asia-Pacific region is projected to be the fastest-growing market during the forecast period due to the establishments by key players in the carbonated soft drink processing industry such as The Coca-Cola Company (U.S.) and PepsiCo Inc. (U.S.), . In terms of beverage type, the flavored drinks segment was the largest market and the functional drinks market is projected to be the fastest-growing market for carbonated beverage processing equipment from 2017 to 2022. Due to health concerns, functional drinks category is gaining popularity.
Carbonated beverage processing manufacturers require high capital investments to install processing equipment. Due to this reason, high capital investments is restraining the market growth.
The carbonated beverage processing equipment market is characterized by moderate competition due to the presence of a large number of both large- and small-scale firms. Acquisitions, expansions, new product and technology launches, and agreements & mergers are the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as Tetra Laval Group (Switzerland), GEA Group Aktiengesellschaft (Germany), Alfa Laval AB (Sweden), Krones AG (Germany), SPX Flow Inc. (U.S.), and KHS GmbH (Germany). Other major players in the market are A Due Di Squeri Donato & Cspa (Italy), Van Der Molen GmbH AG (Germany), Seppelec SL (Spain), A. Water Systems s.r.l. (Italy), and TCP Pioneer Co. Ltd (Taiwan).
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