Global Dairy Processing Equipment Market Analysis & Trends - Industry Forecast to 2030
Dairy Processing Equipment: Market Size
From $11.9 billion in 2024, the global Dairy Processing Equipment market is projected to reach $18.9 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 8.0% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include increasing consumption of dairy products, rising adoption of dairy efficiency-enhancing technologies, and growing automation offered by technology providers.
Global Dairy Processing Equipment Market: Market Dynamics
The rising demand for dairy products is majorly seen in emerging economies such as India, China, and South American countries. This demand is fueled by population growth, rapid urbanization, increased disposable income, and the emergence & modernization of cold chain facilities such as refrigerated transport & storage. Due to the fact of rising health awareness among consumers about the benefits of dairy products, processed dairy products are gaining attention in international markets. The growing use of dairy processing equipment by food processing manufacturers into various products such as processed milk, butter, cheese, yogurt etc. is also expected to drive the growth of the Dairy Processing Equipment market.
On the other hand, the Health risks associated with whey protein, high capital investment and rising energy costs are likely to obstruct the profit boundaries. In addition, increasing support by the government and non-government bodies and expansion of product lines to cater to emerging applications will further boost for the dairy processing equipment market.
Impact of COVID-19 on Dairy Processing Equipment
The COVID-19 pandemic has affected the dairy processing equipment market negatively. Halt in the operations of manufacturing plants and decline in demand for consumer products such as cheese, butter, yogurt, milk powder during lockdown have mainly affected the market demand. The dairy processing equipment market includes major Tier I and II suppliers like SPX Flow, IMA, The Krones Group, and Tetra Laval, GEA Group. These players have spread their manufacturing facilities and supplies across various countries across Asia Pacific, Europe, North America, South America, and RoW. However, COVID-19 has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their dairy processing equipment. Though this pandemic situation has impacted their businesses as well, there is no significant impact on the global operations and supply chain of their dairy processing equipment. Multiple manufacturing facilities of players are still in operation.
By Application
Cheese Segment Dominate the Market in 2024
The cheese segment made huge revenue in 2024 and growing its prominence during the forecast period. Cheese is used in number of products such as pizza, sandwich, snacks etc. by both retail and foodservice customers. It is rich in nutrients such as protein, essential minerals, fat, and calcium, thus included into regular diet by consumers. Changing consumer preferences, growing demand from retail consumer and rising adoption of fast-food items are other factors that drive growth of cheese processing equipment. Moreover, rising influence of western cuisines and increasing disposable incomes along with the introduction of number of cheese products has escalated the market size in recent years. Growing prevalence of dining out has raised the demand of cheese from fast-food outlets and foodservice sectors and expected to continue during the forecast period.
By Geography
Asia Pacific Region is Leading in the Global Market Place
Asia Pacific region is likely to have a huge demand in the forecast period owing to the favorable government policies in Japan and Korea. Flavored milk has also been gaining wide acceptance in the Asia Pacific region. India is the largest producer of milk in the world. Hence, the market for pasteurizers and homogenizers has been consistently rising in the Indian dairy processing equipment market. In the Asia Pacific region, Australia and New Zealand have surplus milk production, while countries like China and Japan experience a deficit in the production of milk, due to which, there is high scope for the import of dairy & dairy-based products in these countries.
List of the Key Players Profiled in the Market Include: • A&B Processing Systems
• Alfa Laval Corporate AB
• Coperion GmbH
• Feldmeier Equipment, Inc
• GEA Group
• IDMC Limited
• John Bean Technologies Corporation
• Krones AG
• Patkol Public Company Limited
• SPX FLOW, Inc
• Tetra Laval International S.A
• Van Den Heuvel Dairy & Food Equipment B.V
List of the Regions/Countries Profiled in the Market Include: North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others