Plant-Based Beverages Processing Equipment Market Size to Grow at a CAGR of 8.94% from 2023 to 2027: Driven by Increasing demand for single-serve, multi-packs in beverage market - Technavio

NEW YORK, Feb. 24, 2023 /PRNewswire/ -- The global plant-based beverages processing equipment market size is estimated to increase by USD 1,328.36 million between 2022 and 2027. The market's growth momentum will accelerate at a CAGR of 8.94%. The increasing demand for single-serve, multi-packs in the beverage market. Buyers and retailers are seeking multi-packs and variety-packs to attract consumers to try new products or variants of their products. Furthermore, there is an increase in demand for sustainable packaging. This is because buyers are looking for ways to reduce their carbon footprint and seeking increased packing-material reuse. Increasing urbanization and changing consumer lifestyles are also key drivers for the increase in demand for the market. Vendors in the global market have devised various strategies to increase their profit margins, and maintain product quality, thereby increasing the shelf life of plant-based beverages. Know about other drivers-Request a sample report

Plant-based beverages processing equipment market – Vendor Analysis

The global plant-based beverages processing equipment market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer plant-based beverages processing equipment in the market are ABB Ltd., Alfa Laval Corporate AB, Andritz AG, Buhler AG, Coperion GmbH, Enprosyst Solution Pvt. Ltd., Erich NETZSCH GmbH and Co. Holding KG, Flottweg SE, GEA Group AG, Hosokawa Micron Corp., HRS Process Systems Ltd., KHS GmbH, KRONES AG, Pro Mach Inc., Seppelec S.L, SiccaDania, SPX FLOW Inc., TCP Pioneer Inc., TechQu, and Tetra Pak Group and others.

Vendor Offerings -

• ABB Ltd. - The company offers speedway stout dark beer which comes with the flavor of chocolate along with roasted malts of dark fruit and toffee.
• Alfa Laval Co. - The company offers dark beer which comes with a portion of roasted dark malt to add flavor.
• Andritz AG Co. - The company offers super dry beer which contains no sugar and has a bitter taste.
• For Details on other vendors and their offerings – Buy the report!

Plant-Based Beverages Processing Equipment Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on Type (Soy, Almond, Oat, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa). 

• The homogenizer segment will account for a significant share of the market's growth during the forecast period. End consumers seek to recognize the contents of pre-packaged foods and experience consistency in the taste whenever they consume. This is a result of homogenization. The plant-based beverages processing equipment market adopted processes like making use of high-pressure systems to blend various substances properly to speed up the manufacturing line. Factors like these will drive market growth during the forecast period.

Geography Overview
By geography, the global plant-based beverages processing equipment market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global plant-based beverages processing equipment market.

• APAC is estimated to account for 63% of the growth of the global market during the forecast period. The growth of the regional market is attributed to factors like government initiatives, rapid growth in the vegan population, and the introduction and partnerships of global brands with suppliers and retailers.

Get a glance of the market contribution of various segments including country and region wise - Download a Sample Report

Plant-Based Beverages Processing Equipment Market – Market Dynamics

Key Trends - The expanding global vegan population base is one of the primary growth drivers of the global plant-based beverages processing equipment market. The increasing health consciousness among consumers is also influencing the growth of the market during the forecast period. There is rapid adoption of automation in packaging processes such as filling, labeling, and palletizing. The advantages of automation include waste reduction and faster rectification of operational problems.

Major challenges – The increasing energy cost is one of the major concerns among players operating in the food and beverage industry. The chances of cross-contamination are very high during the filling and packaging processes.  For instance, while filling plant-based beverages, there is a chance that the food particles might get trapped between the elastomer seals of the filling heads. Food particles can also get clogged in the empty spaces inside the filling equipment. This can lead to the contamination of the products being filled using this filling and packaging equipment. These factors might restrict the sales of such filling equipment.

Know about other factors of market dynamics - find some insights from a sample report!

What are the key data covered in this Plant-Based Beverages Processing Equipment Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Plant-Based Beverages Processing Equipment Market between 2023 and 2027
• Precise estimation of the size of the Plant-Based Beverages Processing Equipment Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Plant-Based Beverages Processing Equipment Market industry across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Plant-Based Beverages Processing Equipment Market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global plant-based beverages processing equipment market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global plant-based beverages processing equipment market 2017 - 2021 ($ million)

• 4.2 Product type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments 
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Homogenizer - Market size and forecast 2022-2027
• Exhibit 34: Chart on Homogenizer - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Homogenizer - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Homogenizer - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Homogenizer - Year-over-year growth 2022-2027 (%)

• 6.4 Filtration - Market size and forecast 2022-2027
• Exhibit 38: Chart on Filtration - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Filtration - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Filtration - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Filtration - Year-over-year growth 2022-2027 (%)

• 6.5 Heat exchangers - Market size and forecast 2022-2027
• Exhibit 42: Chart on Heat exchangers - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Heat exchangers - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Heat exchangers - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Heat exchangers - Year-over-year growth 2022-2027 (%)

• 6.6 Filling and packaging systems - Market size and forecast 2022-2027 
• Exhibit 46: Chart on Filling and packaging systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 47: Data Table on Filling and packaging systems - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Chart on Filling and packaging systems - Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Filling and packaging systems - Year-over-year growth 2022-2027 (%)

• 6.7 Others - Market size and forecast 2022-2027
• Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Product Type 
• Exhibit 54: Market opportunity by Product Type ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 55: Chart on Type - Market share 2022-2027 (%)
• Exhibit 56: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 57: Chart on Comparison by Type
• Exhibit 58: Data Table on Comparison by Type

• 7.3 Soy - Market size and forecast 2022-2027
• Exhibit 59: Chart on Soy - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Soy - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Soy - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Soy - Year-over-year growth 2022-2027 (%)

• 7.4 Almond - Market size and forecast 2022-2027
• Exhibit 63: Chart on Almond - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on Almond - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on Almond - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Almond - Year-over-year growth 2022-2027 (%)

• 7.5 Oat - Market size and forecast 2022-2027
• Exhibit 67: Chart on Oat - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Oat - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Oat - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Oat - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 71: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 75: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 77: Chart on Market share by geography 2022-2027 (%)
• Exhibit 78: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 79: Chart on Geographic comparison
• Exhibit 80: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 85: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Thailand - Market size and forecast 2022-2027
• Exhibit 117: Chart on Thailand - Market size and forecast 2022-2027 ($ million)
• Exhibit 118: Data Table on Thailand - Market size and forecast 2022-2027 ($ million)
• Exhibit 119: Chart on Thailand - Year-over-year growth 2022-2027 (%)
• Exhibit 120: Data Table on Thailand - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 121: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 122: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 123: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 124: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 125: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 126: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 127: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 128: ABB Ltd. - Overview
• Exhibit 129: ABB Ltd. - Business segments
• Exhibit 130: ABB Ltd. - Key offerings
• Exhibit 131: ABB Ltd. - Segment focus

• 12.4 Alfa Laval Corporate AB 
• Exhibit 132: Alfa Laval Corporate AB - Overview
• Exhibit 133: Alfa Laval Corporate AB - Business segments
• Exhibit 134: Alfa Laval Corporate AB - Key news
• Exhibit 135: Alfa Laval Corporate AB - Key offerings
• Exhibit 136: Alfa Laval Corporate AB - Segment focus

• 12.5 Buhler AG 
• Exhibit 137: Buhler AG - Overview
• Exhibit 138: Buhler AG - Business segments
• Exhibit 139: Buhler AG - Key offerings
• Exhibit 140: Buhler AG - Segment focus

• 12.6 Coperion GmbH 
• Exhibit 141: Coperion GmbH - Overview
• Exhibit 142: Coperion GmbH - Product / Service
• Exhibit 143: Coperion GmbH - Key offerings

• 12.7 Flottweg SE 
• Exhibit 144: Flottweg SE - Overview
• Exhibit 145: Flottweg SE - Product / Service
• Exhibit 146: Flottweg SE - Key offerings

• 12.8 GEA Group AG 
• Exhibit 147: GEA Group AG - Overview
• Exhibit 148: GEA Group AG - Business segments
• Exhibit 149: GEA Group AG - Key offerings
• Exhibit 150: GEA Group AG - Segment focus

• 12.9 Hosokawa Micron Corp. 
• Exhibit 151: Hosokawa Micron Corp. - Overview
• Exhibit 152: Hosokawa Micron Corp. - Business segments
• Exhibit 153: Hosokawa Micron Corp. - Key offerings
• Exhibit 154: Hosokawa Micron Corp. - Segment focus

• 12.10 HRS Process Systems Ltd. 
• Exhibit 155: HRS Process Systems Ltd. - Overview
• Exhibit 156: HRS Process Systems Ltd. - Product / Service
• Exhibit 157: HRS Process Systems Ltd. - Key offerings

• 12.11 KHS GmbH 
• Exhibit 158: KHS GmbH - Overview
• Exhibit 159: KHS GmbH - Product / Service
• Exhibit 160: KHS GmbH - Key offerings

• 12.12 KRONES AG 
• Exhibit 161: KRONES AG - Overview
• Exhibit 162: KRONES AG - Business segments
• Exhibit 163: KRONES AG - Key offerings
• Exhibit 164: KRONES AG - Segment focus

• 12.13 Pro Mach Inc. 
• Exhibit 165: Pro Mach Inc. - Overview
• Exhibit 166: Pro Mach Inc. - Product / Service
• Exhibit 167: Pro Mach Inc. - Key offerings

• 12.14 Seppelec S.L 
• Exhibit 168: Seppelec S.L - Overview
• Exhibit 169: Seppelec S.L - Product / Service
• Exhibit 170: Seppelec S.L - Key offerings

• 12.15 SiccaDania 
• Exhibit 171: SiccaDania - Overview
• Exhibit 172: SiccaDania - Product / Service
• Exhibit 173: SiccaDania - Key offerings

• 12.16 SPX FLOW Inc. 
• Exhibit 174: SPX FLOW Inc. - Overview
• Exhibit 175: SPX FLOW Inc. - Business segments
• Exhibit 176: SPX FLOW Inc. - Key offerings
• Exhibit 177: SPX FLOW Inc. - Segment focus

• 12.17 Tetra Pak Group 
• Exhibit 178: Tetra Pak Group - Overview
• Exhibit 179: Tetra Pak Group - Business segments
• Exhibit 180: Tetra Pak Group - Key news
• Exhibit 181: Tetra Pak Group - Key offerings
• Exhibit 182: Tetra Pak Group - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations 
• Exhibit 189: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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