IMARC Group, a leading market research company, has recently releases report titled “Dairy Processing Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global dairy processing equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the dairy processing equipment market?
The global dairy processing equipment market size reached US$ 10.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.94% during 2023-2028.
What is dairy processing equipment?
Dairy processing equipment is used to convert raw milk into a variety of dairy products such as cheese, yogurt, butter, and cream. The process involves pasteurization, homogenization, separation, and cooling. The main components of dairy processing equipment include tanks, pumps, separators, pasteurizers, and homogenizers. It offers various advantages, including increased efficiency, improved product quality, and reduced risk of contamination. The equipment also operates at high speeds, which increases production capacity and reduces labor costs. Additionally, dairy processing equipment helps to maintain the freshness and nutritional value of dairy products, ensuring that they are safe and healthy for consumption. Currently, there are different types of dairy processing equipment available in the market, including batch and continuous processing equipment.
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What are the growth prospects and trends in the dairy processing equipment industry?
The global dairy processing equipment market is experiencing a surge in demand due to the growing consumption and production of dairy products across the globe. The equipment is extensively used to increase the shelf-life of dairy products, package milk, and reduce carbohydrate and fat content. Additionally, changing consumer preferences toward value-added milk-based products are fueling the market growth. In line with this, key market manufacturers are investing in research and development (R&D) activities to enhance the efficiency of the equipment. They are also developing smart hydraulic designs for efficient microfiltration, which is creating a positive outlook for the market. Furthermore, the rise of Industry 4.0 has led to the integration of machine learning (ML), the internet of things (IoT), and cloud computing with dairy processing equipment to create advanced and more innovative solutions, which, in turn, is providing an impetus to the market growth. Looking forward, the market value is projected to reach US$ 15.6 Billion by 2028, expanding at a CAGR of 6.94% during 2023-2028.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Equipment:
- Pasteurizers
- Homogenizers, Mixers and Blenders
- Separators
- Evaporators and Dryers
- Membrane Filtration Equipment
- Others
Breakup by Type:
- Automatic
- Semi-Automatic
Breakup by Application:
- Cheese
- Processed Milk
- Yogurt
- Protein Ingredients
- Milk Powder
- Fresh Dairy Products
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Alfa Laval AB
- Feldmeier Equipment Inc.
- GEA Group Aktiengesellschaft
- Genemco Inc.
- IDMC Limited
- IMA – Industria Macchine Automatiche S.p.A. (SO.FI.M.A.)
- John Bean Technologies Corporation (FMC Technologies)
- KRONES Aktiengesellschaft
- SPX Corporation
- Tetra Laval International SA.
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