The global dairy processing equipments market accounted for USD 10.7 billion in 2019. The global dairy processing equipments market is projected to register growth at a CAGR of 5.9% during the forecast period.
COVID-19 has impacted all the business over the globe. The pandemic has impacted global dairy processing equipments negatively but this effect was not significant. The operations and supply chain of dairy process equipment was not halted during the lockdown, many facilities were operating. This market will foresee growth with no such decline due to corona virus pandemic.
For more details, visit: Global Dairy Processing Equipment Market By Type (Separators, Evaporators & Dryers, Membrane Filtration Equipment, others), By Application (Processed Milk, Cheese, Buttermilk & Butter, Others), By Region–Forecast & Opportunities to 2026
The production and consumption of milk and milk products has been rising rapidly worldwide. Milk is a part of everyone’s daily life and a huge number of population use milk and milk products. With the rise in population the consumption of milk is increasing. Thus, drives market to witness growth.
On the basis of type, dairy processing equipments market is segmented into separators, pasteurizers, homogenizers, mixers & blenders, separators, evaporators & dryers, membrane filtration equipment and others. The pasteurizers segment is projected to register growth at highest CAGR during the forecast period. Pasteurizer helps in the process of pasteurization of milk in which milk boiled at point to kill pathogens present in it. It also helps in killing microorganisms and inactivates the diseases causing spores. The concern for safety of dairy products led to increase in this segment in dairy processing equipments market.
On the basis of application, the dairy processing equipments market is segmented into processed milk, fresh dairy products, buttermilk & butter, cheese, protein ingredients and milk powder. The processed milk segment is projected to register growth at highest CAGR during the forecast period. The demand and consumption for dairy products are increasing across the globe due change in lifestyle and increase in disposable income of population. This is likely to drive growth in the processed milk segment in dairy processing equipments market during the forecast period.
Asia-Pacific region is estimated to register growth at highest CAGR of XX% during the forecast period. The governments in Korea and Japan have formed certain policies which support the growth of dairy industries. The flavored milk is gaining immense popularity in this region. India is the largest producer of milk in the world which is in Asia-Pacific region and the market for homogenizers and pasteurizers has been increasing rapidly in India. All these factors together attributing growth in Asia-pacific region in dairy processing equipments market during the forecast period.
The key market players in dairy processing equipments market are SPX Flow Inc., Krones AG, GEA Group, Tetra laval International, Alfa Laval Corporate AB, John Bean technologies, IMA Industria Machine Automatiche SPA, Van Den Heuvel Dairy & Food Equipments, Coperion GmbH, IDMC Ltd., Scherjon Dairy Equipments, Sealtech Engineers, A&B process systems, Feldmeier Equipements and SSP Pvt. Ltd. the major market players arefocusing on providing technological advanced products and new launches in this industry.
- What are the expected industry trends over the next three to five years?
- Which of the dairy processing equipments type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?