Spray Dryer Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Spray Dryer Market
The spray dryer market size was worth USD 5.59 billion in 2022 globally. However the market is predicted to grow from USD 5.90 billion in 2023 to USD 8.95 billion by 2030, resulting a compound average growth rate of 6.1% during the forecasts period.
Due to COVID-19 pandemic, increase in market for spray drying was measured because better bioavailability, non-pollution, hygienic conditions and pressure control, properties were ideal for pharmaceuticals. Catalyst, an industrial product was distributed in uniform size by pharmaceutical spray dryer. Vaccines and biological substance which require spray drying technique was demanded in large quantity during COVID pandemic contributed in spray drying market growth.
By using spray dryer, unstable liquid foods such as cardamom essential oil are processed which is used commonly in Scandinavian, Arabic and Indian foods and also in perfumes and pharmaceutical industries. By developing spray dried products growth in spray dryer market share has been recorded.
Additionally, changes in consumer lifestyle, income levels and standard of living and easy convenience increased in spray dryer products in market leads to spray dryer market growth globally.
Comprehensive Analysis of Spray Dryer Market
The spray dryer market is segment into by type analysis which is classified into rotary atomizer, nozzle atomizer, fluidized, closed loop, and centrifugal. In which nozzle atomizer segment captured a larger share owing increased adoption of nozzle equipment for free flowing and coarser powders. Whereas rotary atomizer is most flexible sprayer project to highest compound annual growth rate in forecast period. Further, spray dryer market is segment by drying stage analysis which includes single stage, two stage, and multi stage. However, by application analysis is subdivided into food & dairy, pharmaceutical, chemical, and animal feed. Pharmaceutical segment hold the largest compound annual growth rate due to increasing demand for drugs in regions like North America and Europe.
Due to high demand for pharmaceutical products and advance technology, North America value worth USD 1.88 billion in 2022, dominates the market and is going to continue during forecast period. The U.S. is predicted to own powder milk as an alternative of liquid milk. According to the Food and Agriculture Organization of UN, Asia captured 379 million tons of milk production in 2020. Because of high demand and supply installation of these dryers is done by manufacture. India, China and Japan focuses on plat based milk. Europe recorded 236 million tons of milk production in 2020, according to Food & Agriculture Organization (FAO) report. The Middle East & Africa witness steady growth during forecast period. Due to niche manufacturing development South America market is growing moderately.
Major key players entered in market for strategic alliance to gain position in global market.ome of the major market players are SPX FLOW (U.S.), Larsson Starch Technology AB (Sweden), GEA Group Aktiengesellschaft (Germany), Tetra Pak Group (Switzerland), BUCHI Labortecknik AG (Switzerland), Dedert Corporation (U.S.), Carrier, European Spray Dry Technologies (U.K.), Freund Vector Corporation, Vibrating Equipment Inc., Advanced Drying System (U.S.) and others.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 6.1% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Type
Rotary Atomizer
Nozzle Atomizer
Fluidized
Closed Loop
Centrifugal
By Drying Stage
Single Stage
Two Stage
Multi Stage
By Application
Food & Dairy
Pharmaceutical
Chemical
Others (Animal Feed)
By Region
North America (By Type, By Drying Stage, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Type, By Drying Stage, By Application, By Country)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe
Asia Pacific (By Type, By Drying Stage, By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- Southeast Asia (By Application)
- Rest of Asia Pacific
South America (By Type, By Drying Stage, By Application, By Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America
Middle East & Africa (By Type, By Drying Stage, By Application, By Country)
- GCC Countries (By Application)
- South Africa (By Application)
- Rest of Middle East & Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.