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The Global Food & Beverage Industry Pump Market Is Expected To Grow With A Cagr Of 5.5% From 2024 To 2030
According to a market report by Lucintel, the future of the global food & beverage industry pump market looks promising with opportunities in the alcoholic beverage, non-alcoholic beverage, dairy & chocolate product, fruits & vegetable, sugar, starch, & sweetener, bakery & confectionery, and meat & poultry markets. The global food & beverage industry pump market is expected to reach an estimated $15.5 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are growing need for efficient and productive machinery, rising focus on shortening the production process and improving the nutritional value of food products, and increase in regulations to meet food safety standards.
In this market, pump, rotary lobe, progressive cavity, screw, mixers, agitators, and compressor are the major segments of food & beverage industry pump market by type.
Lucintel forecasts that rotary lobe is expected to witness highest growth over the forecast period.
Within this market, dairy & chocolate product will remain the highest growing segment over the forecast period. ...
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APAC will remain the largest segment over the forecast period due to growing middle-class population, rising income, growing purchasing power, and growing consumer demand for processed goods in this region.
Alfa Laval, Fristam Pumpen, SPX Flow, GEA, Grundfos, ITT, AMPCO Pump Company, JBT Corporation, Pentair, and Atlas Copco are the major suppliers in the food & beverage industry pump market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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