Gmi Research

  Beverage Processing Equipment Market The Beverage Processing Equipment Market was valued around USD 19,300 million in 2019, growing at a CAGR of 5% over the forecast period (2020–2027). The factors driving the growth of Beverage Processing Equipment Market includes rise in the consumption of alcohol across the globe, increasing cases of diabetes and obesity and growing demand for low cholesterol beverages. As per the data available at Statista, the alcohol consumption in India was estimated around 4.86 billion liters in 2020 and is predicted to reach 6.21 billion liters by the end of 2024, which is expected to boost the Beverage Processing Equipment Market size in the approaching years. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT) with the beverage processing equipment and rise in the popularity of soft drinks, are some of the additional factors supplementing the Global Beverage Proce...