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Global Dairy Processing Equipment Market is expected to grow at a CAGR of 7.3% during the forecast period from 2019-2025

02-13-2020 12:27 PM CET | Science & Education

Press release from: Fior Markets

Global Dairy Processing Equipment Market 2019, Global Dairy Processing Equipment Market Growth, Dairy Processing Equipment

Global Dairy Processing Equipment Market 2019, Global Dairy Processing Equipment Market Growth, Dairy Processing Equipment

As per the report published by Fior Markets ,the global dairy processing equipment market is expected to grow from USD 7.63 Billion in 2017 to USD 13.42 Billion by 2025 at a CAGR of 7.3% during the forecast period from 2018-2025.Asia- Pacific is dominating region major imports of dairy products. China acts as a lucrative market for international dairy processors benefitting from the increasing consumer demand that may drive the global dairy processing equipment market in the coming years. Also, the rising disposable income, increase in population and technological advancements has led to increase in demand of the market.

Dairy Processing Equipment Market by Type (Pasteurizers, Homogenizers, Mixers, and Blenders, Separators,Evaporators & Dryers, Others), Operation, Application, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.

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Leading companies in the industry include Feldmeier Equipment Inc., DCI Inc., Indian Dairy Equipment Co., Reliable Milking Systems Inc., Genemco Inc., Admix Inc.whichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, In October 2018, The Krones Group (Germany) acquired W.M Sprinkman Corporation (US), a company that provides engineered food & beverage processing equipment, specialized in the dairy and brewing industries.

The type segment is classified pasteurizers, homogenizers, mixers, and blenders, separators, evaporators & dryers, membrane filtration equipment and others. The pasteurizers segment is dominating the market and valued around USD 2.24 Billion in 2017. It is attributed to the use of pasteurization process in various applications of dairy processing. Pasteurization is a critical stage in dairy processing, which is used to kill the pathogens in the milk and milk products during the process, thereby, enhancing the shelf life of products. The dairy processing industry is focusing on identifying energy-efficient technologies for minimizing the costs associated with pasteurization. Operation segment is divided into segments such as automatic and semi-automatic. The semi-automatic segment is dominating the market with the highest share 32.10% in 2017. Semi-Automatic pasteurizing systems helps in fulfilling and meeting out the dairy requirements in urban and semi-urban areas. Application segment includes processed milk, fresh dairy products, butter & buttermilk, cheese, milk powder and protein ingredients. The processed milk segment is dominating the market and valued around USD 4.83 Billion in 2017. The milk produced using the method of pasteurization is called processed milk, and the same is then packaged under near-sterile conditions, which make it impossible for milk spoiling bacteria to contaminate the milk and milk products. The preparation of processed milk requires the use of pasteurizers, homogenizers, and separators. The increasing food safety concerns among consumers has led to increase in demand of processed milk.

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Increase in production and consumption of dairy products and high demand for dairy products and the innovations in the packaging industry are some of the driving forces. Also, reduction in raw material costs, increasing number of processing plants and high demand for better operational efficiency are also fuelling the growth of market. But lengthy replacement life and high amount of waste generated in dairy processing restrict the market growth. However,dairy processors requires after-sales services to improve operational efficiencies which is expected to pose lucrative opportunities in the upcoming years.

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Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients' objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. We sell market research reports obtained from major publishers from various industries, in which a comprehensive overview of the market is provided along with statistical forecasts, strategic recommendations, detailed segmentation, current market scenario, competitive landscape and key trends.

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