Table of Content

"1    INTRODUCTION    23
1.1    OBJECTIVES OF THE STUDY    23
1.2    MARKET DEFINITION    23
1.3    STUDY SCOPE    24
FIGURE 1    BEVERAGE PROCESSING EQUIPMENT MARKET SEGMENTATION    24
1.3.1    INCLUSIONS AND EXCLUSIONS    24
FIGURE 2    GEOGRAPHIC SCOPE    25
1.3.2    PERIODIZATION CONSIDERED    25
1.4    CURRENCY CONSIDERED    25
TABLE 1    USD EXCHANGE RATES, 2016–2020    26
1.5    STAKEHOLDERS    26
1.6    SUMMARY OF CHANGES    27
2    RESEARCH METHODOLOGY    28
2.1    RESEARCH DATA    28
FIGURE 3    BEVERAGE PROCESSING EQUIPMENT MARKET: RESEARCH DESIGN    28
2.1.1    SECONDARY DATA    29
2.1.1.1    Key data from secondary sources    29
2.1.2    PRIMARY DATA    29
2.1.2.1    Breakdown of primaries    30
2.2    MARKET SIZE ESTIMATION    30
2.2.1    BOTTOM-UP APPROACH    31
FIGURE 4    BEVERAGE PROCESSING EQUIPMENT MARKET: BOTTOM-UP APPROACH    31
2.2.2    TOP-DOWN APPROACH    32
FIGURE 5    BEVERAGE PROCESSING EQUIPMENT MARKET: TOP-DOWN APPROACH    32
2.3    DATA TRIANGULATION    33
FIGURE 6    DATA TRIANGULATION    33
2.4    RESEARCH ASSUMPTIONS    34
2.5    RESEARCH LIMITATIONS    35
2.6    MARKET SCENARIOS CONSIDERED FOR THE IMPACT OF COVID-19    35
2.7    SCENARIO-BASED MODELLING    36
2.8    INTRODUCTION TO COVID-19    36
2.9    COVID-19 HEALTH ASSESSMENT    37
FIGURE 7    COVID-19: GLOBAL PROPAGATION    37
FIGURE 8    COVID-19 PROPAGATION: SELECT COUNTRIES    38
2.10    COVID-19 ECONOMIC ASSESSMENT    39
FIGURE 9    REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020    39
2.10.1    COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT    40
FIGURE 10    CRITERIA IMPACTING THE GLOBAL ECONOMY    40
FIGURE 11    SCENARIOS IN TERMS OF RECOVERY OF THE GLOBAL ECONOMY    41
3    EXECUTIVE SUMMARY    43
FIGURE 12    MARKET FOR CARBONATION EQUIPMENT TO GROW AT THE HIGHEST CAGR    44
FIGURE 13    DAIRY BEVERAGES ARE PROJECTED TO FORM THE FASTEST-GROWING SEGMENT BETWEEN 2021 AND 2026    44
FIGURE 14    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION, 2021 VS. 2026 (USD MILLION)    45
FIGURE 15    BEVERAGE PROCESSING EQUIPMENT MARKET SHARE, BY REGION, 2020    45
4    PREMIUM INSIGHTS    47
4.1    OPPORTUNITIES IN THE BEVERAGE PROCESSING EQUIPMENT MARKET    47
FIGURE 16    INCREASE IN THE DEMAND FOR FUNCTIONAL BEVERAGES DRIVING THE MARKET FOR BEVERAGE PROCESSING EQUIPMENT    47
4.2    BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE    48
FIGURE 17    ASIA PACIFIC LED THE MARKET IN 2020    48
4.3    BEVERAGE PROCESSING EQUIPMENT MARKET, BY BEVERAGE TYPE    48
FIGURE 18    THE ALCOHOLIC BEVERAGES SEGMENT DOMINATED THE BEVERAGE PROCESSING EQUIPMENT MARKET IN 2020    48
4.4    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE & COUNTRY    49
FIGURE 19    CHINA ACCOUNTED FOR THE LARGEST SHARE IN 2020    49
4.5    BEVERAGE PROCESSING EQUIPMENT MARKET: KEY COUNTRIES    49
FIGURE 20    INDIA TO DOMINATED IN TERMS OF GROWTH DURING THE FORECAST PERIOD    49
5    MARKET OVERVIEW    50
5.1    INTRODUCTION    50
5.2    MARKET DYNAMICS    50
FIGURE 21    EXPANDING BEVERAGE PROCESSING INDUSTRY DRIVES THE BEVERAGE PROCESSING EQUIPMENT MARKET    51
5.2.1    DRIVERS    51
5.2.1.1    Increase in alcohol consumption    51
FIGURE 22    GROWTH OF PER CAPITA CONSUMPTION OF ALCOHOL IN KEY COUNTRIES, 2015–2018    52
5.2.1.2    Mushrooming craft breweries drive the brewery equipment demand    52
FIGURE 23    EUROPE: GROWTH OF MICROBREWERIES, BY KEY COUNTRY, 2011–2017    53
5.2.1.3    Rise in need for pasteurized milk to combat the raw milk outbreaks    53
5.2.1.4    Emergence of new technologies to increase productivity    53
5.2.1.4.1    Upgradation of equipment & machinery    54
5.2.1.4.2    Innovative technologies such as encapsulation to boost the beverage industry    54
5.2.1.4.3    Emerging trends of UHT milk and milk products    54
5.2.2    RESTRAINTS    55
5.2.2.1    Increase in costs of power & energy    55
5.2.3    OPPORTUNITIES    55
5.2.3.1    Growth in demand in emerging countries    55
FIGURE 24    ASIAN COUNTRIES AMONG THE TOP TEN ECONOMIES
BY 2050 (USD BILLION)    55
5.2.3.2    Asia’s share in global middle-class consumption is growing rapidly    56
5.2.3.3    Beverage processors’ demand for after-sales services to enhance operational efficiency    56
5.2.3.4    Vertical integration: An opportunity for the industry    56
5.2.4    CHALLENGES    57
5.2.4.1    High capital investment    57
5.2.4.2    Persistent regulatory environment    57
5.2.5    OVERVIEW OF THE BEVERAGE INDUSTRY    58
FIGURE 25    GLOBAL PACKAGED BEVERAGE CONSUMPTION SHARE, 2014    58
5.2.5.1    Alcohol industry    58
5.2.5.1.1    Brewery industry    58
FIGURE 26    GLOBAL BEER PRODUCTION IN TOP 10 COUNTRIES, 2018 (BILLION LITERS)    59
FIGURE 27    EUROPE: BEER PRODUCTION, BY KEY COUNTRY, 2016 (‘000 HL)    59
5.2.5.2    Soft drink industry    59
FIGURE 28    US: SOFT DRINKS IMPORT, 2010–2015 (USD MILLION)    60
FIGURE 29    EUROPE: SOFT DRINK SALES VOLUME, 2011–2016 (MILLION LITERS)    60
FIGURE 30    UK: SOFT DRINK CONSUMPTION SHARE, 2016    61
5.2.5.2.1    Fortified beverages: Water-soluble vitamins    61
5.2.5.3    Dairy industry    61
5.2.5.3.1    Dairy fortification: A major trend    62
FIGURE 31    US: MILK INDUSTRY SHARE (VALUE), BY PRODUCT TYPE, 2012    62
6    INDUSTRY TRENDS    63
6.1    INTRODUCTION    63
6.2    VALUE CHAIN ANALYSIS    64
FIGURE 32    BEVERAGE PROCESSING EQUIPMENT: VALUE CHAIN ANALYSIS    64
6.3    MARKET ECOSYSTEM & SUPPLY CHAIN    65
FIGURE 33    BEVERAGE PROCESSING EQUIPMENT: SUPPLY CHAIN ANALYSIS    65
6.3.1    RESEARCH & DEVELOPMENT    65
6.3.2    INPUTS    66
6.3.3    PRODUCTION    66
6.3.4    LOGISTICS & DISTRIBUTION    66
6.3.5    MARKETING & SALES    66
6.3.6    END-USER INDUSTRY    66
FIGURE 34    BEVERAGE PROCESSING EQUIPMENT: MARKET MAP    67
6.4    PRICING ANALYSIS: BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE    67
TABLE 2    PRICING ANALYSIS OF BEVERAGE PROCESSING EQUIPMENT TYPE,
2020 (‘000 USD/PIECE)    67
FIGURE 35    PRICING TREND OF BEVERAGE PROCESSING EQUIPMENT, BY TYPE,
2018–2020 (‘000 USD/PIECE)    68
6.4.1    COVID-19 IMPACT ON THE PRICING OF BEVERAGE PROCESSING EQUIPMENT    68
6.5    TECHNOLOGY ANALYSIS    68
6.5.1    TECHNOLOGICAL INNOVATION IN THE SOFT DRINKS INDUSTRY    69
6.5.1.1    Membrane technology    69
6.6    REGULATORY POLICIES FOR BEVERAGE PROCESSING EQUIPMENT    70
6.6.1    EUROPEAN UNION    70
6.6.1.1    EU regulation on milk and milk products    71
6.6.1.1.1    General dairy conditions    71
6.6.2    NORTH AMERICA (US AND CANADA)    71
6.6.2.1    USFDA - US Food and Drug Administration inspection guide    71
6.6.2.1.1    CFR - Code of Federal Regulations Title 21    72
6.6.2.1.2    Regulation for raw milk receiving    72
6.6.2.1.3    Regulation for raw milk processing    72
6.6.3    CANADA    72
6.6.4    ASIA PACIFIC (JAPAN AND CHINA)    73
6.7    TRENDS/DISRUPTIONS IMPACTING THE BUSINESS OF CUSTOMERS    73
FIGURE 36    TRENDS/DISRUPTIONS IMPACTING THE BUSINESS OF CUSTOMERS    74
6.8    PORTER’S FIVE FORCES ANALYSIS    74
6.8.1    BEVERAGE PROCESSING EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS    74
6.8.2    THREAT OF NEW ENTRANTS    75
6.8.3    THREAT OF SUBSTITUTES    75
6.8.4    BARGAINING POWER OF SUPPLIERS    75
6.8.5    BARGAINING POWER OF BUYERS    75
6.8.6    INTENSITY OF COMPETITIVE RIVALRY    75
6.9    TRADE ANALYSIS    76
FIGURE 37    TOP EXPORTERS OF BEVERAGES, BY VALUE, 2016–2020 (USD BILLION)    76
FIGURE 38    TOP IMPORTERS OF BEVERAGES, BY VALUE, 2016–2020 (USD BILLION)    77
6.10    PATENT ANALYSIS    77
FIGURE 39    TOP 10 PATENT APPLICANTS IN THE LAST 10 YEARS    77
TABLE 3    PATENTS PERTAINING TO BEVERAGE PROCESSING EQUIPMENT, 2015–2021    78
6.11    CASE STUDIES    80
6.11.1    GROWTH IN DEMAND FOR BETTER PASTEURIZATION TECHNIQUES    80
TABLE 4    DEMAND FOR BETTER AUTOMATED BEVERAGE PROCESSING EQUIPMENT    80
7    BEVERAGE PROCESSING EQUIPMENT MARKET, BY TYPE    81
7.1    INTRODUCTION    82
FIGURE 40    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021 VS. 2026 (USD MILLION)    82
TABLE 5    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    82
TABLE 6    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    83
7.1.1    COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT, BY TYPE    83
TABLE 7    REALISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION)    83
TABLE 8    OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION)    84
TABLE 9    PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2018–2021 (USD MILLION)    84
7.2    BREWERY EQUIPMENT    84
7.2.1    RAPID INCREASE IN DEMAND FOR CRAFT BEER TO DRIVE THE MARKET FOR MICROBREWERIES    84
7.2.2    MASH TUNS    85
7.2.3    BREW KETTLES    85
7.2.4    FERMENTATION TANKS    85
7.2.5    BRIGHT BEER TANKS    85
TABLE 10    BREWERY EQUIPMENT MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    86
TABLE 11    BREWERY EQUIPMENT MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    86
7.3    FILTRATION EQUIPMENT    86
7.3.1    MEMBRANE FILTRATION TECHNOLOGY TO STAY POPULAR OWING TO GROWTH AND ADVANCES IN THE BEVERAGE INDUSTRY    86
7.3.2    MEMBRANE FILTRATION    87
TABLE 12    FILTRATION EQUIPMENT MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    87
TABLE 13    FILTRATION EQUIPMENT MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    88
7.4    CARBONATION EQUIPMENT    88
7.4.1    TASTE ENHANCEMENT TO DRIVE THE DEMAND FOR CARBONATION    88
TABLE 14    CARBONATION EQUIPMENT MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    89
TABLE 15    CARBONATION EQUIPMENT MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    89
7.5    SUGAR DISSOLVERS AND BLENDERS & MIXERS    89
7.5.1    SUGAR DISSOLVERS    89
7.5.2    BLENDERS & MIXERS    89
7.5.3    HOMOGENIZERS    90
TABLE 16    SUGAR DISSOLVERS AND BLENDERS & MIXERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    90
TABLE 17    SUGAR DISSOLVERS AND BLENDERS & MIXERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    90
7.6    HEAT EXCHANGERS    91
7.6.1    GROWING NUMBER OF BEVERAGE PROCESSING UNITS TO DRIVE THE MARKET    91
7.6.2    PLATE-TYPE HEAT EXCHANGERS    91
7.6.3    TUBULAR HEAT EXCHANGERS    91
7.6.4    EXTENDED SURFACE HEAT EXCHANGERS    91
7.6.5    REGENERATIVE HEAT EXCHANGERS    91
TABLE 18    HEAT EXCHANGERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    92
TABLE 19    HEAT EXCHANGERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    92
7.7    OTHER TYPES    93
TABLE 20    OTHER EQUIPMENT TYPES MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    93
TABLE 21    OTHER EQUIPMENT TYPES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    93
8    BEVERAGE PROCESSING EQUIPMENT MARKET, BY BEVERAGE TYPE    94
8.1    INTRODUCTION    95
FIGURE 41    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2021 VS. 2026 (USD MILLION)    95
TABLE 22    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    95
TABLE 23    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    96
TABLE 24    NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    96
TABLE 25    NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    96
8.1.1    COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT,
BY BEVERAGE TYPE    96
TABLE 26    REALISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2018–2021 (USD MILLION)    97
TABLE 27    OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2018–2021 (USD MILLION)    97
TABLE 28    PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2018–2021 (USD MILLION)    97
8.2    ALCOHOLIC BEVERAGES    98
8.2.1    PREMIUMIZATION TO PAVE THE WAY FOR THE DEMAND FOR ALCOHOLIC BEVERAGES    98
8.2.2    BEER    98
TABLE 29    TOP 5 BEER EXPORTING AND IMPORTING COUNTRIES-2020    98
8.2.3    WINE    98
8.2.4    SPIRIT & CIDER    99
TABLE 30    ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    99
TABLE 31    ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    99
8.3    NON-ALCOHOLIC BEVERAGES    100
TABLE 32    NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION)    100
TABLE 33    NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    100
8.3.1    CARBONATED BEVERAGES    101
8.3.1.1    Demand for carbonated water is gaining momentum    101
TABLE 34    CARBONATED BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION)    101
TABLE 35    CARBONATED BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    102
8.3.2    NON-CARBONATED BEVERAGES    102
8.3.2.1    Consumer preference for functional beverages and ready-to-drink formats to continue on an upsurge    102
8.3.2.2    Juices    102
8.3.2.3    Tea & Coffee    102
8.3.2.4    Functional beverages    103
TABLE 36    NON-CARBONATED BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION)    103
TABLE 37    NON-CARBONATED BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    103
8.4    DAIRY BEVERAGES    104
8.4.1    FLAVORED MILK IS GARNERING ATTENTION FOR THE HEALTH BENEFITS OF PROBIOTICS    104
TABLE 38    FUNCTIONAL COMPOUND IN VARIOUS PLANT-BASED MILK    104
TABLE 39    DAIRY BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    105
TABLE 40    DAIRY BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    105
9    BEVERAGE PROCESSING EQUIPMENT MARKET, BY MODE OF OPERATION    106
9.1    INTRODUCTION    107
FIGURE 42    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021 VS. 2026 (USD MILLION)    107
TABLE 41    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2017–2020 (USD MILLION)    108
TABLE 42    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    108
9.2    IMPACT OF COVID-19 ON THE BEVERAGE PROCESSING EQUIPMENT,
BY MODE OF OPERATION    108
TABLE 43    REALISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION,
2018–2021 (USD MILLION)    108
TABLE 44    OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION,
2018–2021 (USD MILLION)    109
TABLE 45    PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY MODE OF OPERATION,
2018–2021 (USD MILLION)    109
9.3    AUTOMATIC    109
9.3.1    ADOPTION OF AUTOMATION HAS MANY BENEFITS OTHER THAN TIMESAVING AND EFFICIENCY    109
TABLE 46    AUTOMATIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    110
TABLE 47    AUTOMATIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    110
9.4    SEMI-AUTOMATIC    111
9.4.1    LINE FLEXIBILITY OFFERED BY SEMI-AUTOMATIC RETAINS ITS ROLE WITHIN THE PROCESSING INDUSTRY    111
TABLE 48    SEMI-AUTOMATIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2017–2020 (USD MILLION)    111
TABLE 49    SEMI-AUTOMATIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY REGION, 2021–2026 (USD MILLION)    111
10    BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION    112
10.1    INTRODUCTION    113
FIGURE 43    GEOGRAPHIC SNAPSHOT: BEVERAGE PROCESSING EQUIPMENT MARKET    113
FIGURE 44    ASIA PACIFIC IS PROJECTED TO WITNESS THE HIGHEST GROWTH BETWEEN 2021 AND 2026 (USD MILLION)    114
TABLE 50    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION,
2017–2020 (USD MILLION)    114
TABLE 51    BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION,
2021–2026 (USD MILLION)    115
10.2    COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET, BY REGION    115
TABLE 52    REALISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    116
TABLE 53    OPTIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    116
TABLE 54    PESSIMISTIC SCENARIO: COVID-19 IMPACT ON THE BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    116
10.3    NORTH AMERICA    117
TABLE 55    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2017–2020 (USD MILLION)    117
TABLE 56    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION)    117
TABLE 57    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2017–2020 (USD MILLION)    118
TABLE 58    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION)    118
TABLE 59    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2017–2020 (USD MILLION)    119
TABLE 60    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    119
TABLE 61    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    119
TABLE 62    NORTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    119
TABLE 63    NORTH AMERICA: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BEVERAGE TYPE, 2017–2020 (USD MILLION)    120
TABLE 64    NORTH AMERICA: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BEVERAGE TYPE, 2021–2026 (USD MILLION)    120
10.3.1    US    120
10.3.1.1    Flavored water in high demand in the US    120
TABLE 65    US: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    121
TABLE 66    US: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    121
10.3.2    CANADA    122
10.3.2.1    Increasing nutritional beverage consumption to drive the market    122
TABLE 67    CANADA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    122
TABLE 68    CANADA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    122
10.3.3    MEXICO    123
10.3.3.1    Processed milk and beer production to show positive growth in the country    123
TABLE 69    MEXICO: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    123
TABLE 70    MEXICO: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    124
10.4    EUROPE    124
TABLE 71    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)    125
TABLE 72    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)    125
TABLE 73    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    126
TABLE 74    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    126
TABLE 75    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2017–2020 (USD MILLION)    126
TABLE 76    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    127
TABLE 77    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    127
TABLE 78    EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    127
TABLE 79    EUROPE: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BEVERAGE TYPE, 2017–2020 (USD MILLION)    128
TABLE 80    EUROPE: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BEVERAGE TYPE, 2021–2026 (USD MILLION)    128
10.4.1    GERMANY    128
10.4.1.1    Presence of a large number of small and large enterprises driving the market for beverage equipment in Germany    128
TABLE 81    GERMANY: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    129
TABLE 82    GERMANY: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    129
10.4.2    FRANCE    130
10.4.2.1    France to be the fastest-growing in terms of beer production in the region    130
TABLE 83    FRANCE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    130
TABLE 84    FRANCE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    131
10.4.3    ITALY    131
10.4.3.1    Increased order values for food & beverage companies and increase in tourism to drive investment in new technology    131
TABLE 85    ITALY: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    132
TABLE 86    ITALY: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    132
10.4.4    SPAIN    132
10.4.4.1    The beverage equipment market in Spain is driven by its huge beer industry    132
TABLE 87    SPAIN: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    133
TABLE 88    SPAIN: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    133
10.4.5    UK    134
10.4.5.1    Rising demand for functional beverages in the UK to drive the market for beverage equipment    134
TABLE 89    UK: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    134
TABLE 90    UK: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    135
10.4.6    REST OF EUROPE    135
TABLE 91    REST OF EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2017–2020 (USD MILLION)    135
TABLE 92    REST OF EUROPE: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION)    136
10.5    ASIA PACIFIC    136
FIGURE 45    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SNAPSHOT    137
TABLE 93    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2017–2020 (USD MILLION)    138
TABLE 94    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY COUNTRY, 2021–2026 (USD MILLION)    138
TABLE 95    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    138
TABLE 96    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    139
TABLE 97    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2017–2020 (USD MILLION)    139
TABLE 98    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    139
TABLE 99    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    140
TABLE 100    ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    140
TABLE 101    ASIA PACIFIC: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    140
TABLE 102    ASIA PACIFIC: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    141
10.5.1    CHINA    141
10.5.1.1    Changes in beverage trends in the country to provide an opportunity for growth of functional beverages    141
TABLE 103    CHINA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    142
TABLE 104    CHINA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    142
10.5.2    INDIA    142
10.5.2.1    Expansions and investments in the country by leading beverage manufacturers led the market    142
TABLE 105    INDIA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    143
TABLE 106    INDIA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    144
10.5.3    JAPAN    144
10.5.3.1    Increase in consumption of functional beverages to drive the market    144
TABLE 107    JAPAN: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    145
TABLE 108    JAPAN: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    145
10.5.4    REST OF ASIA PACIFIC    145
TABLE 109    REST OF ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    146
TABLE 110    REST OF ASIA PACIFIC: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    146
10.6    REST OF THE WORLD (ROW)    147
TABLE 111    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)    147
TABLE 112    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)    147
TABLE 113    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    148
TABLE 114    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    148
TABLE 115    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2017–2020 (USD MILLION)    149
TABLE 116    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY MODE OF OPERATION, 2021–2026 (USD MILLION)    149
TABLE 117    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    149
TABLE 118    ROW: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    150
TABLE 119    ROW: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2017–2020 (USD MILLION)    150
TABLE 120    ROW: NON-ALCOHOLIC BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY BEVERAGE TYPE, 2021–2026 (USD MILLION)    150
10.6.1    SOUTH AMERICA    151
10.6.1.1    Growth of the alcohol industry to drive the beverage processing equipment market in the region    151
TABLE 121    SOUTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2017–2020 (USD MILLION)    151
TABLE 122    SOUTH AMERICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE,
BY TYPE, 2021–2026 (USD MILLION)    152
10.6.2    MIDDLE EAST    152
10.6.2.1    Significant demand from the non-alcoholic beverage industry in the Middle Eastern countries    152
TABLE 123    MIDDLE EAST: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)    153
TABLE 124    MIDDLE EAST: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)    153
10.6.3    AFRICA    153
10.6.3.1    Increase in popularity of energy drinks witnessed in South Africa    153
TABLE 125    AFRICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION)    154
TABLE 126    AFRICA: BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    154
11    COMPETITIVE LANDSCAPE    155
11.1    OVERVIEW    155
11.2    MARKET SHARE ANALYSIS    156
TABLE 127    BEVERAGE PROCESSING EQUIPMENT MARKET: DEGREE OF COMPETITION (CONSOLIDATED)    156
11.3    KEY PLAYER STRATEGIES    157
11.4    REVENUE ANALYSIS OF KEY PLAYERS    158
FIGURE 46    REVENUE ANALYSIS (SEGMENTAL) OF KEY PLAYERS IN THE MARKET,
2016–2020 (USD BILLION)    158
11.5    COVID-19-SPECIFIC COMPANY RESPONSE    159
11.5.1    TETRA LAVAL (SWITZERLAND)    159
11.5.2    GEA GROUP (GERMANY)    159
11.5.3    JBT CORPORATION (US)    159
11.6    COMPANY EVALUATION QUADRANT    160
11.6.1    STARS    160
11.6.2    EMERGING LEADERS    160
11.6.3    PERVASIVE PLAYERS    160
11.6.4    PARTICIPANTS    160
FIGURE 47    BEVERAGE PROCESSING EQUIPMENT MARKET: COMPANY EVALUATION QUADRANT, 2020 (KEY PLAYERS)    161
11.6.5    PRODUCT FOOTPRINT    162
TABLE 128    COMPANY APPLICATION FOOTPRINT    162
TABLE 129    COMPANY MODE OF OPERATION FOOTPRINT    163
TABLE 130    COMPANY REGION FOOTPRINT    164
TABLE 131    COMPANY OVERALL FOOTPRINT    165
11.7    COMPETITIVE EVALUATION QUADRANT (OTHER PLAYERS)    165
11.7.1    PROGRESSIVE COMPANIES    165
11.7.2    STARTING BLOCKS    165
11.7.3    RESPONSIVE COMPANIES    166
11.7.4    DYNAMIC COMPANIES    166
FIGURE 48    BEVERAGE PROCESSING EQUIPMENT MARKET: COMPANY EVALUATION QUADRANT, 2020 (OTHER PLAYERS)    166
11.8    PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS    167
11.8.1    PRODUCT LAUNCHES    167
TABLE 132    PRODUCT LAUNCHES, 2019–2020    167
11.8.2    DEALS    167
TABLE 133    DEALS, 2018–2021    167
11.8.3    OTHERS    168
TABLE 134    OTHERS, 2021    168
12    COMPANY PROFILES    169
(Business overview, Products offered, Recent developments & MnM View)*
12.1    SUPPLIERS    169
12.1.1    TETRA LAVAL    169
TABLE 135    TETRA LAVAL: BUSINESS OVERVIEW    169
FIGURE 49    TETRA LAVAL: COMPANY SNAPSHOT    170
TABLE 136    TETRA LAVAL: DEALS    172
TABLE 137    TETRA LAVAL: PRODUCT LAUNCHES    172
TABLE 138    TETRA LAVAL: OTHERS    172
12.1.2    GEA GROUP    174
TABLE 139    GEA: BUSINESS OVERVIEW    174
FIGURE 50    GEA GROUP: COMPANY SNAPSHOT    175
TABLE 140    GEA GROUP: DEALS    176
TABLE 141    GEA GROUP: PRODUCT LAUNCHES    176
12.1.3    ALFA LAVAL    177
TABLE 142    ALFA LAVAL: BUSINESS OVERVIEW    177
FIGURE 51    ALFA LAVAL: COMPANY SNAPSHOT    178
TABLE 143    ALFA LAVAL: DEALS    179
TABLE 144    ALFA LAVAL: PRODUCT LAUNCHES    180
TABLE 145    ALFA LAVAL: OTHERS    180
12.1.4    KRONES GROUP    181
TABLE 146    KRONES GROUP: BUSINESS OVERVIEW    181
FIGURE 52    KRONES GROUP: COMPANY SNAPSHOT    182
TABLE 147    KRONES GROUP: DEALS    183
12.1.5    BUCHER INDUSTRIES    185
TABLE 148    BUCHER INDUSTRIES: BUSINESS OVERVIEW    185
FIGURE 53    BUCHER INDUSTRIES: COMPANY SNAPSHOT    186
12.1.6    SPX FLOW    188
TABLE 149    SPX FLOW: BUSINESS OVERVIEW    188
FIGURE 54    SPX FLOW: COMPANY SNAPSHOT    189
TABLE 150    SPX FLOW: DEALS    190
TABLE 151    SPX FLOW: PRODUCT LAUNCHES    190
12.1.7    JBT CORPORATION    192
TABLE 152    JBT CORPORATION: BUSINESS OVERVIEW    192
FIGURE 55    JBT CORPORATION: COMPANY SNAPSHOT    193
TABLE 153    JBT CORPORATION: DEALS    194
12.1.8    KHS GMBH    196
TABLE 154    KHS GMBH: BUSINESS OVERVIEW    196
TABLE 155    KHS GMBH: PRODUCT LAUNCHES    197
12.1.9    PENTAIR PLC    198
TABLE 156    PENTAIR PLC: BUSINESS OVERVIEW    198
FIGURE 56    PENTAIR PLC: COMPANY SNAPSHOT    199
TABLE 157    PENTAIR PLC: DEALS    200
TABLE 158    PENTAIR PLC: PRODUCT LAUNCHES    200
12.1.10    PRAJ INDUSTRIES    202
TABLE 159    PRAJ INDUSTRIES: BUSINESS OVERVIEW    202
FIGURE 57    PRAJ INDUSTRIES: COMPANY SNAPSHOT    202
12.2    END USERS    204
12.2.1    THE WHITEWAVE FOODS COMPANY    204
TABLE 160    THE WHITEWAVE FOODS COMPANY: BUSINESS OVERVIEW    204
TABLE 161    THE WHITEWAVE FOODS COMPANY: DEALS    205
TABLE 162    THE WHITEWAVE FOOD COMPANY: PRODUCT LAUNCHES    205
12.2.2    STARBUCKS CORPORATION    206
TABLE 163    STARBUCKS CORPORATION: BUSINESS OVERVIEW    206
FIGURE 58    STARBUCKS CORPORATION: COMPANY SNAPSHOT    207
TABLE 164    STARBUCKS CORPORATION: DEALS    209
TABLE 165    STARBUCKS CORPORATION: OTHERS    209
12.2.3    CAMPBELL SOUP COMPANY    210
TABLE 166    CAMPBELL SOUP COMPANY: BUSINESS OVERVIEW    210
FIGURE 59    CAMPBELL SOUP COMPANY: COMPANY SNAPSHOT    211
TABLE 167    CAMPBELL SOUP COMPANY: DEALS    213
TABLE 168    CAMPBELL SOUP COMPANY: PRODUCT LAUNCHES    213
12.2.4    LANGER JUICE COMPANY    214
TABLE 169    LANGER JUICE COMPANY: BUSINESS OVERVIEW    214
12.2.5    MOLSON COORS BEVERAGE COMPANY    216
TABLE 170    MOLSON COORS BEVERAGE COMPANY: BUSINESS OVERVIEW    216
FIGURE 60    MOLSON COORS BEVERAGE COMPANY: COMPANY SNAPSHOT    216
TABLE 171    MOLSON COORS BEVERAGE COMPANY: DEALS    219
12.2.6    ANHEUSER-BUSCH INBEV    220
TABLE 172    ANHEUSER-BUSCH INBEV: BUSINESS OVERVIEW    220
FIGURE 61    ANHEUSER-BUSCH INBEV: COMPANY SNAPSHOT    220
TABLE 173    ANHEUSER-BUSCH INBEV: PRODUCT LAUNCHES    222
12.2.7    KEURIG DR PEPPER    223
TABLE 174    KEURIG DR PEPPER: BUSINESS OVERVIEW    223
FIGURE 62    KEURIG DR PEPPER: COMPANY SNAPSHOT    223
12.2.8    THE COCA-COLA COMPANY    226
TABLE 175    THE COCO-COLA COMPANY: BUSINESS OVERVIEW    226
FIGURE 63    THE COCO-COLA COMPANY: COMPANY SNAPSHOT    227
TABLE 176    THE COCO-COLA COMPANY: DEALS    230
12.2.9    PEPSICO INC.    231
TABLE 177    PEPSICO INC: BUSINESS OVERVIEW    231
FIGURE 64    PEPSICO INC.: COMPANY SNAPSHOT    232
TABLE 178    PEPSICO INC: DEALS    235
TABLE 179    PEPSICO INC: PRODUCT LAUNCHES    235
12.2.10    DR PEPPER SNAPPLE GROUP, INC.    236
TABLE 180    DR PEPPER SNAPPLE GROUP, INC: BUSINESS OVERVIEW    236
12.2.11    UNILEVER GROUP    238
TABLE 181    UNILEVER GROUP: BUSINESS OVERVIEW    238
FIGURE 65    UNILEVER GROUP: COMPANY SNAPSHOT    238
12.2.12    THE J. M. SMUCKER COMPANY    240
TABLE 182    J.M. SMUCKER COMPANY: BUSINESS OVERVIEW    240
FIGURE 66    J. M. SMUCKER COMPANY: COMPANY SNAPSHOT    241
TABLE 183    J.M. SMUCKER: PRODUCT LAUNCHES    242
12.2.13    NATIONAL BEVERAGE CORPORATION    243
12.2.14    ARIZONA BEVERAGES    243
12.2.15    C&C COLA BEVERAGES    244
12.2.16    OCEAN SPRAY    244
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.

13    ADJACENT AND RELATED MARKETS    245
13.1    INTRODUCTION    245
TABLE 184    ADJACENT MARKETS TO BEVERAGE PROCESSING EQUIPMENT    245
13.2    LIMITATIONS    245
13.3    DAIRY PROCESSING EQUIPMENT MARKET    246
13.3.1    MARKET DEFINITION    246
13.3.2    MARKET OVERVIEW    246
TABLE 185    DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION)    246
TABLE 186    DAIRY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION)    247
13.4    FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET    247
13.4.1    MARKET DEFINITION    247
13.4.2    MARKET OVERVIEW    247
TABLE 187    FOOD & BEVERAGE PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2023 (USD BILLION)    248
13.5    BAKERY PROCESSING EQUIPMENT MARKET    248
13.5.1    MARKET DEFINITION    248
13.5.2    MARKET OVERVIEW    249
TABLE 188    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION)    249
TABLE 189    BAKERY PROCESSING EQUIPMENT MARKET SIZE, BY TYPE,
2020–2025 (USD MILLION)    249
14    APPENDIX    250
14.1    DISCUSSION GUIDE    250
14.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    254
14.3    AVAILABLE CUSTOMIZATIONS    256
14.4    RELATED REPORTS    257
14.5    AUTHOR DETAILS    258"