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Dairy Processing Equipment Market Size, Trends, Growth, Outlook 2024-2033
"The new report published by The Business Research Company, titled ""Dairy Processing Equipment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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 dairy processing equipment market covered in this report is segmented -
1) By Type: Pasteurizers, Homogenizers, Evaporators, Separator, Membrane Filtration Equipment, Other Types
2) By Operation: Automatic, Semi-Automatic
3) By Application: Processed Milk, Butter, Cheese, Milk Powder, Protein Ingredients, Other Applications
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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.
Contents of the report:
1. Executive Summary
2. Dairy Processing Equipment Market Report Structure
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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