North American Sanitary Valve Market in the Food and Beverage Industry
This market engineering study covers the North American sanitary valve market in the food and beverage industry. A general health and wellness trend is sweeping the North American continent, which requires food and beverage manufacturers to meet requirements of a vegan lifestyle, satisfy the consumers’ demands for dairy as well as non-dairy beverages, and adapt to the trend of consumers purchasing more bottled water than fizzy drinks—all while complying with safety standards. The overall trend in the sanitary valves market shows a growing awareness to bring in reliability and quality within the overall framework of technology upgradation that is pushing up prices to some extent.
The North American sanitary valve market generated a revenue of $ million in 2013.
The CAGR during 2013–2020 is expected to be % due to a relatively stable food and beverage industry in the region.
The dairy segment is expected to be the largest revenue contributor to the sanitary valve market and drive the demand for the seat valve segment.
Health and wellness is a key trend influencing the food and beverage industry, leading to the growth of some segments over others. This has resulted in, for example, an increase in demand for low fat milk over whole milk.
Food and beverage equipment manufacturers need to be on top of such trends in order to hold a successful position in the channel.
The sanitary valve market is expected to reach a revenue of $ million in 2020.
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