Dairy Processing Equipment Market 2019 Industry Demand, Share, Global Trend, Top Key Players Update, Business Statistics and Research Methodology by Forecast to 2026

The Global Dairy Processing Equipment Market was valued at USD 8.46 Billion in 2018 and is expected to reach USD 13.02 Billion by the year 2026, at a CAGR of 5.5%.

Dairy products are the products made from milk like cheese, butter, yogurt, and others. The global Dairy Processing Equipment sector transforms raw milk from the farm into finished consumer products for the retail industry. One of the major factors for an increase in demand is a rise in animal husbandry activities. Additionally, with advancements in animal nutrition and selective breeding, the amount of milk obtained from an individual cow has increased to a great extent, further increasing the demand for such products.

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According to a report published by the Food and Agriculture Organization of the United Nation, around 150 million households, globally, are engaged in milk production. However, in many developing countries, this production is constrained by poor quality feed, poverty, diseases, lack of resources and low productivity. While in developed nations owing to an increase in technological advancements, growing investments and an increase in demand for milk products are expected to drive the Dairy Processing Equipment sector.

Key participants include GEA Group, SPX Flow, The Krones Group, Tetra Laval, Alfa Laval, JBT Corporation, IMA Group, IDMC Limited, Feldmeier, Coperion.

Growing awareness of the nutritional awareness obtained from milk products, growing population, rise in the disposable income and growing health concerns among the population are expected to drive the market growth for this industry. However, the high cost of these equipment, prevailing poverty, lack of awareness of automated equipment among the poor farmers is the major hindrance for market growth during the forecast period.

For the purpose of this report, Reports and Data has segmented the Dairy Processing Equipment market on the basis of equipment type, application type, distribution channel type and region:

Equipment Type (Revenue, USD Million; 2019-2026)
Homogenizers
Pasteurizers
Separators
Evaporators & Dryers
Membrane Filtration Equipment
Others

Application Type (Revenue, USD Million; 2019-2026)
Cheese
Processed Milk
Cream
Protein Concentrates
Milk Powder & Others

Distribution Channel Type (Revenue, USD Million; 2019-2026)
Hypermarkets
Food Specialty Stores
Retail Stores
Others

Regional Outlook (Revenue in USD Million; 2019-2026)
North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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Further key findings from the report suggest

The global industry is growing at a CAGR of 9% in Asia Pacific followed by Europe and North America, with 5.5% and 5.3% CAGR, respectively. High demand for these foods and their easy availability is the key factor to accelerate the market growth during forecast period across all regions.

As of 2018, Cheese application segment is the dominating segment in the Dairy Processing Equipment which holds 35.1% of the global sector. Asia Pacific region is the chief revenue generating source for this product segment, followed by Europe and North American regions.

In this processing industry, the machinery is the main part of any plant which performs various operations like storing milk, pasteurization, homogenizing and others.

Processing of these products increases the shelf life and enhances the taste resulting in high demand for processed foods like cheese, butter, cream, yogurt, flavored milk and much more.

Owing to high nutritional value, the adoption of dairy items in the diet of the people across the globe has increased greatly. This is expected to drive the sectoral growth of this industry.

Processing gives small-scale dairy producers higher cash incomes than selling raw milk and offers better opportunities to reach regional and urban markets, thus increasing number of farmers and manufacturers are adopting the application of such machineries for production of products like cheese, ghee, cream, yogurt, and others.

The equipment used in dairy processing varies from the product and the volume of the product to be produced. For instance, separators, pasteurization, and homogenizers are used for the manufacturing of most products, while, membrane separators, evaporators, dehydration, ice cream freezers, butter churns, and cheese vats are used for more production of more specific products.

Introduction of new technique and equipment are further expected to drive the market growth of this industry. For example, according to an article published by Dairy Foods, on June 26, 2019, the use of high-pressure processing unit to eliminate the pathogens is more effective than the traditional method of pasteurization.

Asia Pacific is expected to account for the 24.3% of this industry. Developing nations such as China and India are likely to witness high growth.

Prevailing poverty and high costs of dairy equipment coupled with lack of awareness among the poor farmers and inadequate resources are expected to hinder the market for this industry.

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