Press release
Dairy Processing Equipment Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031
The global dairy processing equipment market is anticipated to grow at a CAGR of around 5.3% during the forecast period (2024-2031). The factor augmenting the growth of the market include escalating demands for processed dairy products, increasing consumption of milk due to high nutrition values, and rising developments in a variety of dairy products along with nutrition and cost value. According to the Indian Council of Food and Agriculture, in 2018, India accounted for 13% of the World's total milk production, 279.4 million tonnes of dairy products production, and 115.4 million tonnes of dairy products consumption. Additionally, according to the Food and Agriculture Organization of the United Nations, world milk production is projected to increase by 177.0 million tonnes by 2025, at an average growth rate of 1.8% per annum in the next 10 years. Over the same period, per capita consumption of dairy products is projected to increase by 0.8% and 1.7% per year in developing countries, and between 0.5% and 1.1% in developed economies. This will increase the automation in dairy products production, which in turn, further accelerates the market growth.Get Free Sample link @ https://www.omrglobal.com/request-sample/dairy-processing-equipment-market
Moreover, key market players are also contributing to the growth of the market by adopting strategies such as partnership collaborations, and mergers and acquisitions. For instance, in October 2019, Saputo Inc. completed the acquisition of the specialty cheese business of Lion Dairy & Drinks Pty Ltd for $280 million. This acquisition enabled Saputo's Dairy Division (Australia) to further diversify its product offering, adding to and complementing its current activities. However, the recurring cost of energy and power in the dairy processing industry is still a matter of concern, market players are also investing high in R&D activities to lower the cost of the raw material. Further advancement in high-pressure processing techniques can be expected to offer lucrative opportunities in the global dairy processing equipment market.
Full report of Dairy Processing Equipment Market available @ https://www.omrglobal.com/industry-reports/dairy-processing-equipment-market
Market Coverage
Segment Covered-
o By Type
o By Application
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
Competitive Landscape- Alfa Laval India Private Ltd., Feldmeier Equipment, Inc., GEA Group, IDMC Ltd., INOXPA SA, John Bean Technologies (JBT) Corp., Saputo Inc., SSP Pvt Ltd., Tetra Laval International S.A., Van den Heuvel Dairy & Food Equipment, among Others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Dairy Processing Equipment Market Report Segment
By Type
Homogenizers
Separators
Membrane Filtration
Pasteurizer
Evaporators & Dryers Equipment
Other Equipment
By Application
Processed Milk
Cheese & Cream
Protein Concentrates
Milk Powder
Others
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1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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