Global Beverage tester demand is anticipated to be valued at USD 2.1 Billion in 2022, forecast to grow at a CAGR of 4% to be valued at USD 3.11 Billion from 2022 to 2032. Growth is attributed to increased demand for the overwhelming beverage tester market, particularly across the food and beverage industry.
| Report Attribute | Details |
|---|---|
| Estimated Base Year Value (2021) | USD 2 Billion |
| Expected Market Value (2022) | USD 2.1 Billion |
| Anticipated Forecast Value (2032) | USD 3.11 Billion |
| Projected Growth Rate (2022 to 2032) | 4.0 % CAGR |
The beverage industry is on a perennial rise on account of the overpowering beverage industry. The beverage industry includes energy drinks, vitamin-fortified water, anti-aging water, sports drinks, and others. It is due to this factor that the beverage tester market is displaying random growth.
It is extremely important that the drinks are tested prior to consumption. The testers assess the drinks both qualitatively and quantitatively for their composition. This exercise is needed to ensure that the drink is devoid of electrolytes, additives, alcohol, and others in gross proportions. The beverage tester also verifies if the drinks are laced with contaminants such as melamine in milk products.
The two available methods of testing involve mass spectrometry and Chromatography. Chromatography is a slightly complicated method with analysis accomplished by the tester finally. In spectrometry, the liquid is vaporized and the ionic strength is evaluated by the tester.
The various beverage testing categories include gas chromatography, liquid chromatography, trace elemental analysis, ion chromatography, chromatography data systems, LIMS for food and beverage labs, automated discrete analysis, and others.
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The beverage industry has been growing at a furious pace and is one of the healthiest markets. This gives a strong sense of direction to the beverage tester market which will grow significantly over the next ten years. As the beverage tester tests the quality of the beverages by qualitatively finding the flow rate and the pressure loss in m/s to test the solutions with different viscosities.
The rise in demand for carbonated drinks, sports drinks, and flavored water is projected to boost market revenue over the forecast period. Furthermore, the introduction of new products into the market will enhance the market expansion over the years to come. Small players are also leading the industry's progression with limited resources both in the domestic and international markets.
The rising prevalence of infectious diseases is increasing the demand for testing services. Unprotected food carries bacteria and germs which can transmit infectious diseases and testers check the potency of beverages to ensure that the liquid is ingestible.
Lack of awareness regarding the beverage potency is a restraint of the market. Insufficient knowledge on the part of consumers is restricting the market.
The inconsistency in standards is restraining the growth of the beverage tester market. Various standards are impacting growth such as those implemented by FDA and ABA. The standards impact growth adversely during the forecast period.
The North American region is home to the maximum market share. The region dominated the global beverage tester market and is expected to reach a high rate. The countries such as the USA, Canada, Mexico, etc. are covered under this region.
The major factors that drive the growth of the North American beverage tester market include increasing demand for quality products and beverages & stringent regulations to ensure food safety across various industries such as pharmaceutical, healthcare, and agrochemicals/pharmaceutical industry among others along with altering lifestyles. The USA has around 9,654 wineries.
The presence of a large number of players in Europe and the overwhelming fast food industry, especially in countries such as the United Kingdom, Germany, France, and Italy will drive global beverage tester market growth over the forecast period. The United Kingdom's food and drink manufacturing sector is around € 100 billion.
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Some of the key players in the beverage tester market include Thermo Fisher Scientific, Fisher Scientific Company, PCS Instruments, Lee Hung Scientific Pte Ltd, VWR, NuAire, Selectech, Q-LAB, steinfurth.de, and others.
With a rising number of players contributing to the market, the market is highly competitive and several key players are making their presence felt in the region, particularly in North America.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4% from 2022 to 2032 |
| Market Value in 2022 | USD 2.1 Billion |
| Market Value in 2032 | USD 3.11 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Beverage Type, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, BENELUX, Australia & New Zealand, China, Japan, South Korea, India, ASIAN, GCC Countries, South Africa, Turkey |
| Key Companies Profiled | PCS Instruments; Lee Hung Scientific Pte. Ltd.; Thermo Fisher Scientific; VWR; NuAire; Selectech; Q-LAB; Steinfurth.de |
| Customization | Available Upon Request |
FMI projects the global beverage tester market to expand at a 4% value CAGR by 2032.
Asia Pacific is expected to be the most opportunistic beverage tester market, expanding at a CAGR.
Thermo Fisher Scientific, VWR, and PCS Instruments are some prominent beverage tester manufacturers.
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Beverage Tester Market
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