Global Dairy Processing Equipment Market Growth, Share, Size, Analysis, Trends, Report and Forecast Period of 2023-2028
- March 17, 2023
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The new report by Expert Market Research titled, ‘Global Dairy Processing Equipment Market Growth, Size, Share, Trend, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global dairy processing equipment market, assessing the market based on its segments like type, application, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Dairy Processing Equipment Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2021): USD 9.8 billion
• Forecast CAGR (2023-2028): 5.80%
• Forecast Market Size (2027): USD 13.7 billion
The market expansion for dairy processing equipment is being driven by the pasteurization segment, according to type. Pasteurization is being used more and more in the manufacturing of various dairy products, including cheese and cream, which is promoting the market growth. The market for dairy processing equipment is also notably being stimulated by the growing requirement to produce safe dairy products and reduce health risks brought on by pathogenic microorganisms.
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Dairy processing is also widely employed by dairy plants as it extends the shelf life of dairy products, which is driving the development of dairy processing equipment. Additionally, the effectiveness of milk pasteurization techniques like high-temperature short time, higher heat shorter time, ultra-high temperature, and ultra-pasteurized, as well as the quick changes in milk pasteurization equipment, are anticipated to boost the market for dairy processing equipment in the forecast period.
Dairy Processing Equipment Industry Definition and Major Segments
Equipment used in the manufacturing and processing of dairy products including milk, yoghurt, cheese, and cream is referred to as dairy processing equipment. They are essential to the functioning of dairy plants since they assist in a variety of tasks, including pasteurizing, separating, and homogenizing dairy products as well as storing them.
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The market for dairy processing equipment, by type, is divided into:
• Evaporators and Drying Equipment
• Membrane Filtration Equipment
Based on application, the market is segmented into:
• Powdered Milk
• Processed Milk
• Protein Concentrates
The regional markets for dairy processing equipment can be divided into:
• North America
• The Asia Pacific
• Latin America
• The Middle East and Africa
Dairy Processing Equipment Market Trends
The market development of dairy processing equipment is being fueled by the rising consumption of processed dairy products as a result of changing eating patterns, rising consumer interest in protein-rich foods, and the accessibility of dairy products through organised retail chains. The market is steadily expanding as a result of the inclusion of milk and milk-related products in numerous government programmes, including the Mid-day meal and Anganwadi programmes of India. The government’s measures to establish dairy processing facilities to improve the infrastructure for the production of high-quality dairy products are also propelling the growth of the dairy processing equipment market.
Key Market Players
The major players in the Dairy Processing Equipment Market include:
- GEA Group Aktiengesellschaft
- SPX FLOW, Inc.
- Krones AG
- IMA S.p.A.
- Feldmeier Equipment, Inc.
- Scherjon Equipment Holland B.V.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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