The study involved two major approaches in estimating the current size of the food & beverage industry pumps market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the extensive use of secondary sources—directories and databases such as Bloomberg Businessweek and Factiva—to identify and collect information useful for a technical, market-oriented, and commercial study of the market.
In the secondary research process, various sources such as annual reports, press releases & investor presentations of companies, white papers, food journals, certified publications, articles from recognized authors, directories, and databases were referred to identify and collect information.
Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, and market classification and segmentation as per the industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
Extensive primary research was conducted after obtaining information regarding the food & beverage industry pumps market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, South America, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, research, and development teams, and related key executives from distributors and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to core material, core material form, shell material type, technology, end-user industry, functionality, and region. Stakeholders from the demand side, such as food and beverage manufacturers, were interviewed to understand the buyer’s perspective on the suppliers, products, and their current usage of feeding systems and the outlook of their business, which will affect the overall market.
Breakdown of Primary Interviews
Note: The three tiers of the companies are defined based on their total revenues in 2022 or 2023, as per the availability of financial data: Tier 1: Revenue > USD 1 billion; Tier 2: USD 100 million ≤ Revenue ≤ USD 1 billion; Tier 3: Revenue < USD 100 million.
To know about the assumptions considered for the study, download the pdf brochure
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COMPANY NAME |
DESIGNATION |
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GEA Group (Germany) |
Product Development Manager |
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ALFA LAVAL (Germany) |
Senior R&D Scientist |
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KSB SE & CoKGaA (Germany) |
Global Marketing Director |
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JBT (US) |
Head of Food & beverage industry pumps Technology |
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Atlas Copco (Sweden) |
Senior Research Scientist |
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Graco Inc. (US) |
Business Development Manager |
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the food & beverage industry pumps market. These approaches were also used extensively to determine the size of various subsegments in the market. The research methodology used to estimate the market size includes the following details:
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The key players in the industry and the overall markets were identified through extensive secondary research.
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All shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain final quantitative and qualitative data.
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The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as CEOs, directors, and marketing executives.
Global Food & beverage industry pumps Market: Bottom Up & Top Down Approach.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to estimate the overall food & beverage industry pumps market and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. The market size was also validated using both the top-down and bottom-up approaches.
Market Definition
Pumps are an integral part of the food & beverage industry. In the food processing plants, pumps are used for a variety of substances and processes: to transport food and beverages of any viscosity; to disperse, mix, or homogenize products; for treatment of beverage with additives; and for drying of food. The mixing or agitation processes in the food & beverage industry require an agitator, a machine used in a tank, for mixing various process media. An agitator works by rotating an impeller to impart energy to the media, which interacts and mixes. An industrial mixer is bulk processing equipment designed to mix or blend homogenous materials to form a homogenous end-product. Air compressors are used in the food & beverage industry because of their capability to provide a clean and efficient tool for packaging and processing. Aerators are mechanical devices used for aeration or mixing air with another substance.
Stakeholders
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Food & beverage pumps, technology, and equipment manufacturers and suppliers
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Food & beverage product manufacturers, suppliers, and distributors
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Food & beverage pumps’ spare part suppliers and distributors
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Food & beverage raw material suppliers and distributors
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Regulatory and research organizations
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Food and agriculture organizations, such as the Food and Drug Administration (FDA), European Food Safety Authority (EFSA), United States Department of Agriculture (USDA), and Food Standards Australia New Zealand (FSANZ)
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Associations and industry bodies
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Government agencies and NGOs
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Food safety agencies
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Logistics providers and transporters
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Research institutes and organizations
Report Objectives
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To determine and project the size of the food & beverage industry pumps market with respect to the type, application, degree of engineering, flow rate capacity, pressure, and regions in terms of value over five years, ranging from 2025 to 2030.
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To identify the attractive opportunities in the market by determining the largest and fastest-growing segments across regions
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To provide detailed information about the key factors influencing market growth (drivers, restraints, opportunities, and challenges)
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To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
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To analyze the micro-markets with respect to individual growth trends, prospects, and their contribution to the total market.
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To identify and profile the key players in the food & beverage industry pumps market.
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To understand the competitive landscape and identify the major growth strategies adopted by players across the key regions.
HIGHEST CAGR MARKET IN 2025-2030
INDIA FASTEST GROWING MARKET IN THE REGION
Growth opportunities and latent adjacency in Food & Beverage Industry Pumps Market