Emphasis on Beverage Type (Flavored Drinks, Functional Drink, Alcoholic Drinks, Non-Alcoholic Drinks); Equipment Type (Heat Exchangers, Blenders and Mixer, Carbonation Equipment, Sugar Dissolvers, Others); and Region/Country
The carbonated beverage processing equipment market is expected to register a CAGR of approx. 5 % over the period of 2022-2028. Carbonated beverages are beverages that generate bubbles and carbonation due to the presence of carbon dioxide gas. Carbonization is the process by which carbon dioxide dissolves in water. The maximum amount of carbon dioxide that can be mixed is 8 grams per liter of water (g/l). Carbonated beverages include soda, cola, bottled water, and other carbonated beverages. Sodas usually contain carbonated water, flavors, colors, and sweeteners. Various equipment used in the production of carbonated beverages includes sugar dissolvers, carbonators, mixers and blenders, filtration equipment, heat exchangers, and degassing equipment The growing adoption of carbonated beverage processing equipment can be attributed to the rising demand for carbonated soft drinks globally. Moreover, Advancements in the manufacturing and processing of carbonated drinks are also boosting the growth of the market. According to the survey, more than 40 gallons of carbonated soft drinks and cold drinks are consumed by consumers in 2020 in the United States. The rising demand for carbonated drinks across the globe is leading to the growing demand for carbonated beverage processing equipment and would contribute to the growth of the market in the forthcoming period as well. Furthermore, the carbonated beverage processing equipment market is anticipated to grow on account of the growing awareness about the use of carbonated beverage processing equipment, technological advancement and Innovation in the carbonated beverage processing equipment, increasing consumer purchasing power, and availability of customized healthy no sugar carbonated beverage. However, some of the restraints in the market including wastewater generation and high energy consumption are impeding the growth of this market all over the world.
Consumers are becoming more health conscious and willing to spend money on healthy products. Market participants are focused on improving their product portfolios by creating low-sugar, low-cholesterol, low-fat, flavorful carbonated beverages. Therefore, market players have taken initiatives and invested heavily to expand their business by introducing new beverages containing essential micronutrients that complement the carbonated beverage processing equipment market. For example, In April 2019, Koch Membrane Systems, a global manufacturer of innovative membrane filtration solutions, announced the launch of TIDAL forward osmosis (FO) technology designed for applications across the food, beverage & life science sectors. The novel technology enables product concentration without heat.
Alfa Laval Corporate AB, VAN DER MOLEN GMBH, KHS Gruppe, GEA Group Aktiengesellschaft, Krones AG, SPX FLOW Inc, Bucher Industries AG, John Bean Technologies Corporation, Pentair plc, Statco Engineering & Fabricators Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Beverage Type, the functional drinks category accounted for the majority share in the market in 2020”
Based on the beverage type, the carbonated beverage processing equipment market is segmented into flavored drinks, functional drinks, alcoholic drinks, and non-alcoholic drinks. The functional drinks segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe due growing demand for functional beverages containing essential micronutrients and ready-to-drink beverages for the busy lifestyle of consumers. Moreover, consumer trends toward healthy beverages will drive the growth of functional beverages in this market.
“Among Equipment Type, the sugar dissolvers are expected to witness considerable CAGR during the forecast period”
Based on equipment type, the market is fragmented into heat exchangers, blenders and mixers, carbonation equipment, sugar dissolvers, and others. the sugar dissolvers segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Sugar dissolving and treatment is one of the important and critical stages in carbonated soft drink processing. increasing health consciousness among consumers has fueled the growth of the low-calorie carbonated beverages market which is likely to aid the growth of the segment. Moreover, many countries will introduce low-calorie beverages in the coming years, boosting the market for carbonated beverage processing equipment. Following the pervasive trend, even alcohol companies are coming up with low-calorie beverages for consumers.
“APAC to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the carbonated beverage processing equipment market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. The Asia Pacific constitutes one of the major markets for the carbonated beverage processing equipment market industry and generated revenue owing to the availability of resources at a low cost and a skilled workforce and increasing the demand for carbonated beverage processing equipment in the APAC region.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Carbonated Beverage Processing Equipment Market
6. Carbonated Beverage Processing Equipment Market Revenue, 2020-2028f
7. Market Insights By Beverage Type
8. Market Insights By Equipment Type
9. Market Insights By Region
10. Carbonated Beverage Processing Equipment Market Dynamics
11. Carbonated Beverage Processing Equipment Market Opportunities
12. Carbonated Beverage Processing Equipment Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Competitive Scenario
16. Company Profiled
17. Disclaimer
Research Methodology for the Global Carbonated Beverage Processing Equipment Market Analysis (2022-2028)
Analyzing the historical market, estimating of the current market, and forecasting the future market of the global carbonated beverage processing equipment market were the three major steps undertaken to create and analyze the adoption of carbonated beverage processing equipment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global carbonated beverage processing equipment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the carbonated beverage processing equipment market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the carbonated beverage processing equipment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as beverage type and equipment type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the carbonated beverage processing equipment market. Further, we conducted factor analysis using dependent and independent variables such as rising demand for drinks with fewer fats and cholesterol, growing working population, and advancements in the technology of the equipment of carbonated beverages globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the carbonated beverage processing equipment market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global carbonated beverage processing equipment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global carbonated beverage processing equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of beverage type and equipment type in the global carbonated beverage processing equipment market.
The main objective of the Global Carbonated beverage processing equipment Market Study
The current & future market trends of global carbonated beverage processing equipment market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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