Press release
What's driving Dairy Processing Equipment Market Growth? Top Companies: Tetra Pak International SA, IMA Group, SPX Flow Inc., Krones AG, Scherjon Dairy Equipment Holland B.V., etc.
Dairy Processing Equipment Market 2020
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With more than 150 kg per capita consumption per year, the majority of the population belongs to developing and some to the developed economies. These countries are Argentina, Armenia, Australia, Costa Rica, Europe, Israel, Kyrgyzstan, North America, and Pakistan. The increasing demand for processed dairy products along with the sustainability of the processed products are some of the major factors, which are expected to encourage market growth. The rise in demand is owed to the change in eating patterns and shifts in consumption of cheese, cream, yogurt, and dairy products.
Analysis by Top Key Players:
GEA Group Aktiengesellschaft (Germany)
JBT Corporation (United States)
SPX Flow Inc. (United States)
Alfa Laval (Sweden)
Krones AG (Germany)
Paul Mueller Company (United States)
Tetra Pak International SA (Switzerland)
IMA Group (Italy)
Feldmeier Equipment INC. (United States)
Scherjon Dairy Equipment Holland B.V. (The Netherlands)
Caloris Engineering LLC (United States)
"Growing Demand for Healthier Dairy Products is Boosting the Growth of the Market"
The growing demand for healthier dairy products is boosting the growth of the. Consumer’s changing preference for healthy dairy products with low fat, low cholesterol, low sugar along with the availability of a variety of flavors is anticipated to drive the market. Furthermore, the increase in the development of varied products to meet consumer health needs, tastes, and specifications in the meanwhile balancing it with the nutritive value and cost will aid the growth. Moreover, the adoption of automation in dairy processing for increased efficiency along with the reduction in adulteration and cost, to meet the required quality standards is expected to favor industry development.
"Pasteurizers to Hold Highest Market Share in the Forecast Period"
The global market is segmented based on type, which is further sub-segmented into pasteurizers, homogenizers, separators, evaporators & drying equipment, membrane filtration equipment, and others (churning, etc.). As of 2019, pasteurizers are expected to be the leading in the market, with a 24.3% share. Pasteurization aids in making products safe for consumption, along with improving the preservation quality, and retains the flavor for a longer period. Dairy pasteurizer equipment manufacturers are using efficient technologies to ensure a better quality of output of the dairy products. Whereas, the evaporators & dryers’ segment is anticipated to grow at the maximum CAGR of during the forecast period. The demand for evaporator & dryer equipment from dairy processors is increasing in majorly every region with substantial growth from Europe, Asia-Pacific, and Latin America regions.
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"Milk Powder Application to Witness Highest Growth Rate in the Near Future"
Milk powder is anticipated to grow at the highest CAGR during the projection period. Milk powder sub-segment is followed by protein ingredients. Increasing demand within the dairy industry for both milk powder and protein ingredients is owed to the need for skimmed milk powder for infant nutrition from many economies such as China, Thailand, and Singapore. The demand for cheese is also projected to grow globally, owed to the consumer’s increasing preference for fast food. This demand is augmented by the expansion of the foodservice industry along with the demand from the hotel and restaurant industry, henceforth stimulating the growth of the market. Moreover, rising prominence on convenience and ready to eat cheese supplemented by easy availability in various types of retail stores will increase cheese production, which is anticipated to favor the industry growth.
Complete Report: https://www.fortunebusinessinsights.com/dairy-processing-equipment-market-102862
Contact:
Name: Ashwin Arora
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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