Press release
Dairy Testing Equipment Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Dairy Testing Equipment Market
The global Dairy Testing Equipment Market is growing at a significant CAGR due to increase in the production of milk and milk products. Increase in the global consumption of milk and milk products, development of small-scale dairy industries in the rural areas, rising health consciousness in the people, and increase the demand for processed dairy products like skimmed milk might fuel the Dairy Testing Equipment Market growth over the forecast period. In addition, production of low fat and nutrient fortified dairy products, increase in the automation, and demand for better operational efficiency expected to bolster the dairy testing equipment market. However, the high cost of the equipment, product recall, and less replacement life for the equipment, and lack of awareness regarding the processing milk in underdeveloped regions might hamper the growth of dairy testing equipment market over the forecast years.
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Dairy testing equipment market is segmented on the basis of product type, modality, application, and end user
Based on the product type, dairy testing equipment market is segmented into the following:
• Qualitative testing
• Quantitative testing
Based on the modality, dairy testing equipment market is segmented into the following:
• Portable dairy testing equipment
• Standalone dairy testing equipment
Based on the application, dairy testing equipment market is segmented into the following:
• Processed milk
• Cream
• Milk powder
• Cheese
• Others
Based on the end user, dairy testing equipment market is segmented into the following:
• Dairy industries
• Dairy centres
• Dairy technology institutions
• Others
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The dairy testing equipment market is in the flourishing stage with several local and international players are actively involved in the innovation of new equipment with novel technologies for increasing their share in the dairy testing equipment market. Acquisitions & mergers, collaborations, product launchings, technological developments, and patent filings are some key strategies followed by manufacturers to dominate capture share in the dairy testing equipment market. For instance, in November 214, PerkinElmer acquired Perten Instruments for distribution of its product portfolio for food and agriculture markets. Accuracy in dairy products testing, increase in the demand for the processing milk, and using of dairy testing equipment in the small scale industries expected to boost the market growth in the future.
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Geographically, dairy testing equipment market is segmented into the following regions Viz. Europe, North America, Latin America, Asia Pacific, Middle East and Africa. Europe holds the dominant share in global dairy testing equipment market owing to high consumption of dairy milk and other dairy products such as cheese in the Europe region. Increase in the consumption of low fat and skimmed milk, high production of milk in the Europe region, and equipment with novel technologies expected to bolster the dairy testing equipment market in the Europe region. Asia Pacific holds a key share in the dairy testing equipment market attributed to increase in the population preferring the dairy products majorly in India and China, high production of dairy products in Australia and New Zealand, and rise in the income per capita expected to fuel the dairy testing equipment market in Asia Pacific region. North America accounts for the significant share due to rise in the consumption of healthy dairy products and the using the equipment in small, medium, and large scale dairy industries.
Some of the players in dairy testing equipment market are PerkinElmer Inc. (U.S.), Weber Scientific (U.S.), Alfa Laval (Sweden), GEA group (Germany), Windjammer Capital Investors LLC (U.S.), SPX Corporation (U.S.), and Romer Labs (ERBER Group) (Austria) to name a few.
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