The food and beverage industry pumps global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Food And Beverage Industry Pumps Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The food and beverage industry pumps market size has grown strongly in recent years. It will grow from $10.01 billion in 2023 to $10.77 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased global population and consumer demand for processed foods, growth in food and beverage processing and manufacturing industries, stringent hygiene and sanitary standards in food production, regulatory compliance and food safety requirements, expansion of beverage production, including soft drinks and alcoholic beverages.
The food and beverage industry pumps market size is expected to see strong growth in the next few years. It will grow to $14.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to adoption of hygienic and aseptic pumping solutions, demand for sustainable and energy-efficient pumping systems, customization of pumps for specialized food processing applications, integration of smart pumping technologies for process optimization, focus on clean-in-place (cip) and sterilization-in-place (sip) systems. Major trends in the forecast period include sanitary and hygienic pump designs, positive displacement pumps for viscous and shear-sensitive products, aseptic pumping solutions for sterile processing, smart pumping systems with iot integration, high-capacity pumps for beverage production.
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Scope Of Food And Beverage Industry Pumps Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food And Beverage Industry Pumps Market Overview
Market Drivers –
Increasing demand for meat and poultry is expected to propel the growth of the food and beverage industry pumps market going forward. A meat product contains flesh from animals such as cattle, buffalo, goats, sheep, pigs, and fowl and is designed for human consumption, whereas poultry refers to avian species that can be grown for meat, eggs, and feathers. Food and beverage industry pumps help meat and poultry to support in different stages of the production process such as transporting meat for final consumption to the processing of by-products, including skin, intestines, feathers, heads, blood, and other parts that may require maceration and waste extraction. For instance, according to Food and Agriculture Organization, a Canada-based specialized agency of the United Nations, global meat production is projected to expand by 44 Mt by 2030, reaching 373 Mt based on higher profitability. Further, poultry meat is expected to share 41% of all the protein from meat sources in 2030. Therefore, increasing demand for meat and poultry products is driving the growth of the food and beverage industry pumps market.
The food and beverage industry pumps market covered in this report is segmented –
1) By Type: Pumps, Agitators, Mixers, Compressors
2) By Flow: Less Than 10 Liters Per Second, 10-100 Liters Per Second, More Than 100 Liters Per Second
3) By Degree of Engineering: Engineered, Configured, Standard
4) By Pressure: Below 15 Bars, 15-30 Bars, Above 30 Bars
5) By Application: Alcoholic Beverages, Non-Alcoholic Beverages, Dairy And Chocolate Products, Fruits And Vegetables, Sugar, Starch, And Sweeteners, Bakery And Confectionery, Meat And Poultry
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Regional Insights –
Western Europe was the largest region in the food and beverage industry pumps market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food and beverage industry pumps market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the food and beverage industry pumps market include Alfa Laval AB, Amixon GmbH, Ampco Pumps Company, Lewa GmbH, PCM Companies, Fristam Pumpen KG, SPX Flow Inc., GEA Group AG, Grundfos Holding A/S, Xylem Inc., Sulzer Ltd., KSB SE & Co. KGaA, ITT Inc., Watson-Marlow Fluid Technology Group, Tapflo Group, Verder International B.V., Netzsch Pumpen & Systeme GmbH, Viking Pump Inc., PSG Dover, IDEX Corporation, Flowserve Corporation, Gardner Denver Holdings Inc., Ingersoll Rand Inc., Atlas Copco AB, Busch Vacuum Solutions, Edwards Vacuum, Leybold GmbH, Pfeiffer Vacuum GmbH, Oerlikon Leybold Vacuum GmbH, Ebara Corporation, Tuthill Corporation
Table of Contents
1. Executive Summary
2. Food And Beverage Industry Pumps Market Report Structure
3. Food And Beverage Industry Pumps Market Trends And Strategies
4. Food And Beverage Industry Pumps Market – Macro Economic Scenario
5. Global Food And Beverage Industry Pumps Market Size and Growth
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31. Global Food And Beverage Industry Pumps Market Competitive Benchmarking
32. Global Food And Beverage Industry Pumps Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Food And Beverage Industry Pumps Market
34. Food And Beverage Industry Pumps Market Future Outlook and Potential Analysis
35. Appendix
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