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Dairy Processing Equipment Market by Product, Technological Innovation, Mapping The Trends, Share Estimation, Statistical Analysis | Forecast from 2022 to 2029
Based on previous market performance, the Dairy Processing Equipment market is expected to reach USD 15.53 billion in size by 2029. With a 6.2% CAGR.Dairy Processing Equipment Market Overview:
The market's expansion can be attributed to rising demand for processed dairy products. The machinery is set up to process milk for a variety of products, including cheese, cream, butter, yoghurt, and so on. More than 6 billion people eat milk and milk-related products, according to the United Nations Food and Agriculture Organization.
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Functional food products such as fortified dairy products including milk, protein shakes, and yoghurt, among others, have seen tremendous increase in recent years. The consumer's discretionary income has increased, allowing them to spend more on these items.
Based on our expert's analysis the players that are leading the market includes: GEA Group, SPX FLOW Inc, Tetra Laval International S.A., Alfa Laval Corporate AB, John Bean Technologies (JBT) Corporation, Patkol Public Company Limited, IDMC Limited, Feldmeier Equipment, A&B Processing Systems, Scherjon Equipment Holland B.V., Krones AG, SPX Corporation and Others.
The whole market is segmented as follows:
Dairy Processing Equipment Market by Type, 2020-2029, (USD Million)
Pasteurizers
Homogenizers
Separators
Evaporators and Drying Equipment
Membrane Filtration Equipment
Others
Dairy Processing Equipment Market by Applications Industry, 2020-2029, (USD Million)
Processed Milk
Cream
Milk Powders
Cheese
Protein Ingredient
Others
Industry Developments:
In October 2018 - Sprinkman, a processing equipment manufacturer established in the United States, was bought by Krones AG. Sprinkman specialises in the dairy and brewing industries, therefore Krones AG's product portfolio in North America has been expanded.
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Dairy Processing Equipment Market' s top organizations are operating in a dynamic set-up, wherein they are required to incorporate unprecedented advances to reap benefits from the latest and upcoming information technologies and industry trends.
Regional Analysis:
This report is segmented into several key Regions, with production, consumption, revenue and market share and growth rate of Dairy Processing Equipment Market. These regions, from 2022 To 2029, covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) and ROW.
Our Market Intelligence reports give our clients the information they need to maintain a competitive edge in the marketplace. Competitor Analysis and Profiling studies delve further into a company's competitive strengths and shortcomings. Market assessments conducted by SIS reveal market opportunities, size, and viability.
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