Global Dairy Processing Equipment Market is valued approximately USD 8.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2020-2027. Dairy processing equipment helps to process milk for the preparation of different products such as cream, butter, cheese, yoghurt, and others. It preserves products for the longer period and reduces the chances of food-borne diseases. Dairy processing equipment is used in the dairy industries for the production of milk based nutritional and packaged dairy products. The shift of preference from raw milk to processed milk, growing demand for dairy products and demand for multi-functional dairy equipment are the few factors responsible for growth of the market over the forecast period. Moreover, rising consumer consciousness for healthy products with low fat, low cholesterol, low sugar, and new flavors fuels the consumption of processed dairy products, which drives the dairy processing equipment market. For instance: as per Dairy Global Report, In India, the export of butter, ghee and butter oil tripled at 46,137 metric tons in the financial year 2018-19, as compared to 16,616 metric tons exported during 2017-18. Furthermore, the introduction of products and other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 17th February 2020, Primodan A/S announced an agreement to acquire SPX Flow’s yellow cheese-making technologies until the end of 2021. This acquisition will offer various cheesemaking solutions and technologies such as curd-making, pressing and final bringing systems. Whereas, increasing energy cost is the major factor restraining the growth of global Dairy Processing Equipment market during the forecast period.
The regional analysis of global Dairy Processing Equipment market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the rising incidences of non-communicable disease including obesity, malnutrition, joint issues.
Major market player included in this report are:
GEA Group
SPX Flow
The Krones Group
Tetra Laval
Alfa Laval
JBT Corporation
IMA Group
IDMC Limited
Feldmeier
Scherjon
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
by Type:
Pasteurizers
Homogenizers, mixers & blenders
Separators
Evaporators & dryers
Membrane filtration equipment
by Application:
Processed milk
Fresh dairy products
Butter & buttermilk
Cheese
Milk powder
Protein ingredients
By Operation:
Automatic
Semi-automatic
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Dairy Processing Equipment Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors