Greater consumer spending on fast-moving consumer products such as nutritious beverages, beer, and soft drinks is pushing sales of beverages processing equipment despite the global pandemic of COVID-19. Online sales channels are having their moment, as lockdowns, social distancing norms, and mass closure of retail stores continue to hamper scenarios at brick and mortar stores. According to a new report of Future Market Insights (FMI), the global beverages processing equipment market will surpass revenues of approximately US$ 27.7 Bn by 2029 end. Hectic lifestyle, rapid urbanization, technological advancements, and popularity of convenience products will continue to inflate sales further.
“Market leaders must divert substantial resources towards high-growth regions such as Asia Pacific to leverage lucrative opportunities,” finds the FMI report.
Request report sample with 200 pages to gain in-depth insights https://www.futuremarketinsights.com/reports/sample/rep-gb-2951
Key Takeaways of Beverages Processing Equipment Market Study
Key Growth Drivers
Explore the full beverages processing equipment market report with 112 illustrative figures, 128 data tables and table of contents. Request for Customization https://www.futuremarketinsights.com/customization-available/rep-gb-2951
Anticipated Impact of COVID-19 on Beverages Processing Equipment Market
Due to ongoing COVID-19 pandemic, consumers have turned to ecommerce channels for the delivery of dairy, alcoholic, and non-alcoholic beverages. This factor has bolstered the growth of beverages processing equipment market during the current public health crisis. Even though the purchasing habits of consumers have altered, the overall demand has benefited during the lockdown as people continue to spend more time at their homes. However, companies in beverages processing equipment market are working with reduced workforce due to social distancing protocols. Moreover, demand for premium alcoholic beverages will slightly decline while it will increase for mid-priced drinks. Hence, the pandemic has not led to drastic changes in the beverages processing equipment market except for delivery pattern.
Competitive Landscape of Beverages Processing Equipment Market
The beverages processing equipment market is characterized by the presence of numerous regional and international players. Some of the key players in the global beverages processing equipment market that are featured in this FMI report include, but are not limited to, Praj Industries, Pentair, KHS GmbH, JBT Corporation, SPX Flow, Bucher Industries, Krones Group, Alfa Laval, Tetra Laval, GEA, Central States Industrial, Bevcorp Beverage Equipment, Lee Industries, Carmel Engineering, Inc., Shanghai Joylong Industry Co., Mojonnier, Techniblend Inc., and Dematech. Pricing strategies, technology integration and product quality are key focus areas of leading players in beverages processing equipment market. Moreover, top manufacturers must prioritize lean time management, product performance, and productivity for indubitable competitive ascendancy.
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/2951
BEVERAGE PROCESSING EQUIPMENT MARKET TAXONOMY
The global Beverage Processing Equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
Explore Extensive Coverage of FMI’s Food and Beverages Landscape
Food Dehydrators Market: FMI’s compelling study on the food dehydrators market sheds light on the prominent dynamics influencing the growth trajectory for the upcoming forecast period 2020-2030 through detailed segmental and regional analyses.
Online Food Delivery Services Market: The online food delivery services market report offers a 360-degree analysis, bringing to the fore insights that can help stakeholders identify key challenges and opportunities across the upcoming decade’s growth trajectory.
Gluten-free Bakery Premix Market: The global gluten-free bakery premix market is anticipated to surpass an impressive revenue threshold by the end of the forecast period ranging from 2020 to 2030, concludes FMI’s recently published research report on the market.