Global Food & Beverage Industry Pumps Market (2022 to 2027) - Rise in Regulations to Meet Food Safety Standards Presents Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Food & Beverage Industry Pumps Market by Type (Pumps, Agitators, Mixers, Compressors), Application (Beverages, Dairy & Chocolate, Meat & Poultry, Bakery & Confectionery), Degree of Engineering, Flow, Pressure, and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global food & beverages industry pumps market is estimated to be valued at USD 9.9 billion in 2022. It is projected to reach USD 12.9 billion by 2027, recording a CAGR of 5.3% during the forecast period.

Asia Pacific is projected to witness a growth of 5.9% during the forecast period

Asia Pacific is the dominant market for food & beverages and is expected to be the largest for food & beverages industry pumps. It is projected to grow at the highest CAGR of 5.9% from 2022 to 2027 and accounted for a market share of 29.3% in 2021.

The application of pumps is estimated to increase at a high pace due to the demand from the processed foods industry. China, India, Japan, and South Korea are the major countries covered in this study. The rising income, purchasing power, rapid growth of the middle-class population, and increasing consumer demand for processed products present promising prospects for growth and diversification in the region's food sector.

The food & beverage industry pumps market, based on flow, has been segmented into less than 15 bar, 15-30 bar, and more than 30 bar

In general, as pump pressure rises, flow decreases. More pressure changes the flow of the product. Furthermore, sensitive products are unable to withstand high pressure and may change form. Thus, it becomes important to choose the pump of the right pressure for the desired application.

The demand for various types of sanitary pumps is projected to increase post-COVID-19 pandemic due to the rising concerns regarding the safety and hygiene of animal products for human consumption. The long-term impact of the COVID-19 pandemic is projected to fuel the demand for automated systems in pumps like the PLC for monitoring and control. They require less workforce, save costs; the requirement of less workforce means less human intervention, thus ensuring lower chances of virus contractions.

Europe accounted for the largest market share during the forecast period

These are the most common flow rate pumps used in the food & beverage processing industries. These are used to transfer material from barrels to tanks as well as throughout the manufacturing process for further processing. They are also used to pump fruit and vegetables. In the food & beverage industries, it is used for the demanding hygienic conveying and dosing of aqueous to highly viscous media.

Also, suitable for the low-impact delivery of solids-containing products. Europe accounted for the largest market share of 1,316.4 million in 2021 and is expected to reach 1,767.2 million by 2027. The food & beverage industry in Europe is the largest manufacturing sector.

Food environments in the region are influenced by the food industry, including packaged food and non-alcoholic beverage manufacturers, supermarkets, and quick-service restaurants. Food companies directly influence food environments by manufacturing, distributing, and marketing food products made available to consumers. The three most sold packaged product categories in the region are dairy, baked goods, and processed meat and seafood. Recently, the demand for carbonates, juices, and energy drinks has witnessed an upward trajectory.

Market Dynamics

Drivers

• Demand for Advanced Machinery with High Productivity and Efficiency
• Focus on Reducing Operating Time and Enhancing the Quality of Food Products

Restraints

• Cavitation Effect in Industrial Pumps
• Volatility in Raw Material Prices and High Operating Costs Associated with the Equipment

Opportunities

• Inflow of Investments in the Food & Beverage Industry
• Rise in Regulations to Meet Food Safety Standards

Challenges

• Increased Competition from Local Players and Unorganized Sector
• Potential Damage to Products due to Varied Viscosity Levels

Companies Mentioned

• Alfa Laval
• Amixon GmbH
• Ampco Pumps Company
• Atlas Copco
• Bominox
• Charles Austen Pumps Ltd
• Fristam Pumpen Kg
• GEA Group
• Grundfos
• Hammelmann GmbH
• Industrial Flow Solutions
• ITT Inc
• JBT Corporation
• Ksb Se & Co. KGaA
• Lewa GmbH
• Mattei Compressors, Inc.
• PCM
• Pentair plc
• Sonic Corporation
• SPX Flow
• Tops Industry & Technology Co., Ltd.
• Unibloc-Pump
• Verder India Pumps Pvt Ltd
• Wangen Pumpen
• Wastecorp Pumps Inc

For more information about this report visit https://www.researchandmarkets.com/r/4eb4y6