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. During food & beverages operations maintaining hygienic processing conditions and preventing contamination are perhaps two of the biggest priorities. Food that is not handled properly or gets contaminated can have a detrimental effect throughout the supply chain. To achieve and maintain hygienic conditions and prevent contamination, the food & beverages industry employs a wide range of pumps for various processing applications.
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Leading players profiled in this report:
• Alfa Laval (Sweden)
• Fristam Pumpen Kg (Gmbh & Co.) (Germany)
• SPX Flow (US), GEA Group (Germany)
• Grundfos (Denmark)
• ITT Inc (US)
• AMPCO Pumps Company (US)
• JBT Corporation (US)
• KSB Se & Co. (Germany)
Asia Pacific is projected to witness the growth of 5.9% during the forecast period
Asia Pacific is the dominant market for food & beverages and is expected to be the largest for food & beverages industry pumps. It is projected to grow at the highest CAGR of 5.9% from 2022 to 2027 and accounted for a market share of 29.3% in 2021.
The application of pumps is estimated to increase at a high pace due to the demand from the processed foods industry. China, India, Japan, and South Korea are the major countries covered in this study. The rising income, purchasing power, rapid growth of the middle-class population, and increasing consumer demand for processed products present promising prospects for growth and diversification in the region’s food sector.
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The food & beverage industry pumps market, based on flow, has been segmented into less than 15 bar, 15-30 bar, and more than 30 bar
In general, as pump pressure rises, flow decreases. More pressure changes the flow of the product. Furthermore, sensitive products are unable to withstand high pressure and may change form. Thus, it becomes important to choose the pump of right pressure for the desired application.
The demand for various types of sanitary pumps is projected to increase post-COVID-19 pandemic due to the rising concerns regarding the safety and hygiene of animal products for human consumption. The long-term impact of the COVID-19 pandemic is projected to fuel the demand for automated systems in pumps like the PLC for monitoring and control. They require less workforce, save costs; the requirement of less workforce means less human intervention, thus ensuring lower chances of virus contractions.