The food and beverage industry pump market is expected to reach USD 9.9 billion in the year 2022. It is expected to project a CAGR of 5.3% during the forecast period from 2022 to 2032.
The main factors responsible for the growth of this market are the rise in the consumption of processed foods and convenience food. Another factor is globalization has contributed immensely to the rising food trends and people now prefer healthier and natural foods while at the same time also giving preference to convenience food.
At the same time, industrial pump manufacturing companies are expanding their presence globally, and hence the demand for industrial food pumps is rising exponentially. The liberalization of trade has also been the leading factor for food manufacturers to explore the untapped markets. Top food manufacturers continue to look for various advanced machinery and delivery solutions to meet the rising safety standards and increase the productivity of the ever-changing consumer demands.
The industrial pumps which are used in the food and beverages industry are used for a variety of purposes in the food industry. Several international hygiene standards and guidelines are followed for the use of this product. There are different types of pumps that are used, they are typically centrifugal pumps which are used for batters and oils, and there are positive displacement pumps commonly used for fruit fillings and sauces and for filling cream and cheese.
Global Food and Beverages Industry Pump Market- Share Analysis, by Geography (2021)
The upcoming opportunities in the Food and Beverages Industry pump market-
The food industry is one of the top and much-in-demand industries across the globe. It includes a variety of industry players right from high-end restaurants, mid-sized restaurants, cafes, fast food joints, and pubs and small to large catering businesses.
The beverages industry also consists of two important categories, and they are the alcoholic drinks and the non-alcoholic drinks. The alcoholic drinks comprise the wine, and other drinks along with distilled spirits and the non-alcoholic category consist of soft drinks syrups, soft drinks, and various fruit juices.
Geographically APAC has dominated the market globally and accounts lion’s share of the global share of the Food and Beverages Industry pump market. The reason why APAC remains a dominant market is many established food and beverages industries along with a well-established processed food industry market in Western Europe. Another reason is that top food manufacturers are looking to replace traditional pumps with more advanced pumps to improve the efficiency level in the market.
The top market drivers for this industry-
Non-alcoholic beverages are one of the top factors which are the driving force of this market. They typically consist of carbonated and non-carbolated drinks as well as several aerated drinks also. Non-carbonated drinks consist of juices, several energy drinks, sports drinks, and various plant-based beverages.
In this industry soft drinks are one of the most highly consumed beverages. The report covers the global analysis of the market and its future impact and presents before us a comprehensive analysis of the same.
The top players in the market include ITT INC, Pentair, Atlas Copco, Bominox SA, PCM, SPX Flow, GEA, and others.
Segmentation
By Pump Type
By Geography
The global Food and Beverages Industry Pump market is estimated to expand at a CAGR of XX% through 2032.
The major players are ITT INC, Pentair, Atlas Copco, Bominox SA, PCM, SPX Flow, GEA, and others.
Based on type, the Food and Beverages Industry Pump market is segmented into Centrifugal pump, Reciprocating PD pump, Progressive cavity pump, Rotary Lobe pump, Peristaltic/hose pump and Rotary Piston pump.
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