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.
|Dairy Processing Equipment Market Size in 2022
||US$ 10.4 Billion
|Dairy Processing Equipment Market Forecast in 2028
||US$ 15.6 Billion
|Dairy Processing Equipment Market Growth Rate 2023-2028
Dairy processing equipment performs various operations in modern dairy farms. Some of these operations include storing, filtering, pasteurizing and homogenizing raw milk. Dairy processing equipment can also conduct a wide range of dairy-related processes ranging from chilling raw milk, cream separation, and packaging to producing processed beverages, cultured products, concentrates and powders. In recent years, the demand for dairy processing equipment has increased, as it helps in reducing manual labor, lowering the processing time and improving the overall plant efficiency.
Dairy Processing Equipment Market Trends:
One of the primary factors driving the global market is the increasing consumption and production of dairy products. Dairy processing equipment is used for extending the shelf-life of dairy products, filling and packaging milk before transportation, and reducing the carbohydrate and fat content. Furthermore, the changing tastes and preferences of consumers have prompted them to shift toward value-added milk-based products, which, in turn, is escalating the market growth. Moreover, manufacturers are investing in research and development activities to improve the efficiency of the equipment. For instance, they are creating smart hydraulic designs that readily achieve the combination of very low baseline pressure and high crossflow required for efficient microfiltration. They are also utilizing thermosonication technology that employs low heat and ultrasound waves to inactivate microorganisms. Additionally, the advent of Industry 4.0 has led to the integration of machine learning, the internet of things and cloud computing with dairy processing equipment to create smarter solutions.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy processing equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on equipment, type and application.
Breakup by Equipment:
- Homogenizers, Mixers and Blenders
- Evaporators and Dryers
- Membrane Filtration Equipment
Breakup by Type:
Breakup by Application:
- Processed Milk
- Protein Ingredients
- Milk Powder
- Fresh Dairy Products
Breakup by Region:
- North America
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being 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 and Tetra Laval International SA.
|Base Year of the Analysis
||Equipment, Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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 and Tetra Laval International SA
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Key Questions Answered in This Report:
- How has the global dairy processing equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global dairy processing equipment market?
- What are the key regional markets?
- What is the breakup of the market based on the equipment?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global dairy processing equipment market and who are the key players?
- What is the degree of competition in the industry?