Food and Beverages Industry Pumps Market to Witness Huge Growth by 2027

The demand for processed food and beverages is significantly growing, driven largely by changing lifestyles and increased consumerism. In addition, the market for infant and pet food is also spurring the growth of processed food. This is expected to result in increased demand for positive displacement pumps, such as gear and lobe pumps, used in the production of processed food. As the food companies need a reduction in the unit cost of delivery, companies are striving to boost the performance and efficiency of pumps actively. 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.

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The Chinese food & beverages industry pumps market is
fragmented with the presence of small and medium-sized manufacturers that are
focused on offering a limited range of products. The presence of a large number
of manufacturers is also driving the growth of this market. China’s food
processing industry is maturing, and growth is moderating. Consumers have
become increasingly interested in eating more natural and healthier foods while
valuing convenience and attractive packaging. Food processing accounts for
60%of the sector. However, the fastest growth is now in the beverage sector,
where the trend for natural, healthy, and convenient ready-to-drink smoothies,
yogurts, and juices represents China’s transition from “eating full” to “eating
well.” The rise in demand for processed food & beverages in China has led
several international players, such as Mondelez International, Ferrero, Nestlé,
and PepsiCo Inc, to set up advanced manufacturing plants in the country to meet
the domestic demand.

Food & beverage industry pumps, by type, are segmented
into centrifugal and positive displacement pumps. The key megatrend in the
equipment category is sustainability. Aside from functionality and
cost-effectiveness, the most important attribute requested by customers is
sustainability. Customers expect sustainability, so businesses are keeping an
eye on the trend and improving the sustainability of their products. One-fourth
of all innovation initiatives initiated by GEA (Germany) aims to improve the
sustainability of the technologies used. This pattern is expected to continue
in the coming years.

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The alcoholic beverages market has been witnessing
significant growth. There has been an increasing trend of offering craft
breweries with less or no alcohol brews and cans. For example, few craft
breweries specialize in offering low alcohol beverages, such as the Infinite
Session, Big Drop, and Small Beer, which are offering low alcohol beers to
their customers in the US. According to the statistics published by the Brewers
Association, craft breweries contributed more than USD 67 billion in 2016.
Craft breweries account for 98% of the total breweries operating in the US. As
per the Brewers Association, there was a 16% rise in the number of breweries in
2017, with around 997 new breweries. This rise in the number of breweries will
have a positive impact on the growth of the beverage industry pump market.
Along with craft beers, hard alcohol and premium beers, such as Michelob Ultra,
are witnessing an increase in popularity even though the overall alcohol
consumption, in terms of volume, is on the decline.