The dairy processing equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Dairy Processing Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Dairy Processing Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dairy Processing Equipment Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
Asia-Pacific was the largest region in the dairy processing equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy processing equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
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.
Table of Contents
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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