Press release
Global Dairy Processing Equipment Market Comprehensive Study: Forecasted Market Size And Growth Rate | Tetra Pak International S.A., GEA Group AG, Krones AG, SPX Flow Inc.
Dairy Processing Equipment Market Size
The Business Research Company offers in-depth market insights through Dairy Processing Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The dairy processing equipment market size has grown strongly in recent years. It will grow from $10.63 billion in 2023 to $11.38 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to increased demand for dairy products and by-products, focus on efficiency and automation in dairy processing, growth in dairy farming and milk production, stringent quality and safety regulations in dairy industry, adoption of hygienic and aseptic processing practices, expansion of dairy processing facilities and plants.
The dairy processing equipment market size is expected to see strong growth in the next few years. It will grow to $15.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to demand for value-added dairy products and functional ingredients, consumer preferences for healthier and nutritional dairy products, adoption of sustainable and eco-friendly processing practices, rising consumer awareness of dairy product quality and origin, investment in research and development of dairy processing technologies. Major trends in the forecast period include high-pressure processing (hpp) technology, automation and robotics in dairy processing, clean-in-place (cip) systems, advanced homogenization and pasteurization techniques, smart sensors and iot integration, smart sensors and iot integration.
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Market Segmentation:
The main types of dairy processing equipment are pasteurizers, homogenizers, evaporators, separators, membrane filtration equipment, and others. The pasteurizers are used to heat the milk at 71.7 °C for at least 15 seconds to make it ready for storing or other processing. The various operation types include automatic and semi-automatic and are used in several applications such as processed milk, butter, cheese, milk powder, and protein ingredients.
Major Driver - Rising Dairy Product Consumption Drives Growth In The Dairy Processing Equipment Market
The increasing consumption of dairy products is expected to propel the growth of the dairy processing equipment market going forward. Dairy products are obtained from the milk of mammals and include a variety of products such as cheese, butter, and yogurt that are processed from raw milk. Dairy products are perishable and require processing to prevent the growth of harmful microorganisms from increasing their shelf life. For instance, according to The Food and Agriculture Organization of the United Nations, the consumption of dairy products is expected to increase by 2.3% per year and is expected to reach 108kg per capita in 2028 in India. Therefore, the increasing consumption of dairy products is driving the dairy processing equipment market growth.
Competitive Landscape:
Major companies operating in the dairy processing equipment market include Tetra Pak International S.A., GEA Group AG, Krones AG, SPX Flow Inc., Alfa Laval AB, JBT Corporation, Feldmeier Equipment Inc., Scherjon Dairy Equipment Holland B.V., Jimei Food Machinery Co. Ltd., Tecnal S.A., Marlen International Inc., ISF Industries Private Limited, Paul Mueller Company, IMA S.p.A., Shanghai Joylong Industry Co. Ltd., Stephan Machinery Gmb, Admix Inc., Agrometal Ltd., A&B Process Systems Corp., ABL Technology Ltd., Ager Tank & Equipment Co., Alpma Alpenland Maschinenbau GmbH, SPX Flow Inc., Bematek Systems Inc., Bepex International LLC., C. van 't Riet Dairy Technology BV, CEM Corporation., Central States Industrial Equipment and Service Inc., DCI Inc., Ecolab Inc., Fristam Pumps USA, Goma Engineering Pvt. Ltd., HRS Process Systems Ltd., IDMC Limited, Koss Industrial Inc., Lee Industries Inc.
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Top Trend - Technological Advancements Shape The Dairy Processing Equipment Market
Technological advancements have emerged as a critical trend gaining popularity in the dairy processing equipment market. Major companies operating in the dairy processing equipment sector are focused on developing new technological solutions to strengthen their position. For instance, in September 2021, Lyras, Inc., a US-based company proving technology for pasteurizing liquid foods, introduced a safe and sustainable cold pasteurization solution to Inactivates bacteria without heating the liquid, preserving its natural flavor and extending its shelf life while reducing CO2 emissions, water usage, and cost of cleaning chemicals. This innovative cooling tool will overcome the destruction of products by using patented ultraviolet (UV) light technology that consumes 90% less energy and 60% less water than traditional heat/cool pasteurization techniques.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dairy Processing Equipment Market Characteristics
3. Dairy Processing Equipment Market Trends And Strategies
4. Dairy Processing Equipment Market - Macro Economic Scenario
5. Dairy Processing Equipment Market Size And Growth
…..
27. Dairy Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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